Thread: China will 'compel' Saudi Arabia to trade oil in yuan ? and that's going to affect the US dollar
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Old 10-16-2017, 10:14 AM  
nico-t
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Join Date: Aug 2004
Location: nethalands
Posts: 29,903
Quote:
Originally Posted by pornlaw View Post
This is the reason for the eventual war with North Korea... having the US on their doorstep would be a strong deterrence to China challenging the petrodollar.

China knows they will be next if they try to make this move.

The entire US economy depends on the petrodollar. The US will not just sit idle as China and Russia try to make this move. It would be very easy to destabilize the entire middle east if OPEC were seen to be moving towards this.

This could literally be the start of WW3.
^^^ This.

Every invasion and government overthrown in the middle east was to maintain the petrodollar.

Saddam had plans to start trading oil in Euros.
Ghaddaffi had far-developed plans to start trading oil in a new African gold backed currency.
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