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Camilo
14th September 2012, 16:55
Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.

Lindsey Williams: "This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar." "Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product." "On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar."

Who is Lindsey Williams
Pastor Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners,&quot ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.

After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

Mark
14th September 2012, 16:58
This is as big as it gets. A challenge to the petro-dollar, the world's reserve currency. From China and Russia.

Cards on the table.

The usual response of the US and the West to such challenges is war. Iraq, Libya. This time?

We will see ...

GlassSteagallfan
14th September 2012, 17:21
Searching the net for similar articles....

No luck. All found articles are quoting Lindsey Williams. Wait and see...

Mark
14th September 2012, 17:29
Got me searching now also, GSF ... this is the closest I could find thus far ...

http://world.hawaiinewsdaily.com/2012/09/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar/


"The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the buying and selling of oil) is conducted in U.S. dollars, and this gives the United States a tremendous economic advantage. Since so much trade is done in dollars, there is a constant demand for more dollars all over the globe from countries that need them for trading purposes. So the Federal Reserve is able to flood our financial system with dollars without it causing a tremendous amount of inflation because the rest of the world ends up soaking up a lot of those dollars. But now that is changing. China and Russia have been spearheading a movement to shift away from using the U.S. dollar in international trade. At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take U.S. dollars for oil) and the entire global financial system is going to change. When that tipping point comes the global demand for U.S. dollars is going to absolutely plummet and nightmarish inflation will come to the United States. If such a scenario sounds far out to you, then you have not been paying attention. In fact, China and Russia have been working very hard to move us toward exactly such a scenario."

778 neighbour of some guy
14th September 2012, 17:33
This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.
Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.
Since China is not a natural oil producing nation, the question most people will ask is how will the Asian economic power get enough oil to affect dollar hegemony? That question was also answered by Lindsey Williams when he pointed out a new trade agreement that was signed on Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.


Lindsey Williams: "This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar."
"Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product."
"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar." -Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

These duo actions by the two most powerful adversaries of the U.S. economy and empire, have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.
This new agreement between Russia and China also has serious ramifications in regards to Iran, and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable affect, as the rogue nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.

from 04:00 and more from approx 14.30

KDZwfoLtakA

ThePythonicCow
14th September 2012, 18:25
Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.

Here's the recording of that hour with Lindsey Williams (Lindsey is introduced starting at 04:00, and gets to the point at 05:10):


http://archives2012.gcnlive.com/Archives2012/sep12/RadioLiberty/0911121.mp3
P.S. -- Oops -- 665-plumber-of-the-beast beat me to it with the same audio in the previous post.

AuCo
14th September 2012, 18:29
Well, I'd say it will get more and more interesting.

Russia AND China both know that a powerful China means Death comes knocking at the Russians door, first. Anyone, including the Russians and the Chinese have to wonder why one is helping the other. The Russians are by no mean some fools and neither the Chinese are that naive. Any trust among them is only short-lived and it's gotta be for each others own survival. The game is indeed intricate and both must have learned to fear the NWO.

Knowing the Chinese, I would tend to say that China can feel that Russia and US are hand in glove against her - doesn't mean Russia is a fan of the NWO but it knows its limit. As for China, it's all or nothing and she will try to turn any move into her advantage.

One must love the Russian. Such a two-timer!

Oh well, survival prep yet, anyone?

Mulder
14th September 2012, 19:29
The petro-dollar has been dying slowly for years. e.g. Iran sells oil for gold. I'm not sure if China will be the death-blow.

Ilie Pandia
14th September 2012, 19:30
If this is true it's pretty big. But I can't seem to find any confirmation about this "news".

I've found only two sort of relevant articles about Iran selling crude oil to China for Yuan (because of the US sanctions against Iran).

Here are the links:
http://www.advfn.com/nyse/StockNews.asp?stocknews=SNP&article=52308137
http://www.bbc.co.uk/news/business-17988142

ThePythonicCow
14th September 2012, 19:46
As best as I can tell, from my searches, and from the results of other's searches posted above, the process of building the yuan foreign exchange currency trading capabilities to the point that it can be widely used as the trading currency for petroleum and other international trade is a long process, that has been going on for a few years and will continue.

It seems to me that Lindsey has taken one event in this process and hyped its significance a bit much. Perhaps one of his "elite" sources mentioned one particular event, and Lindsey (who is not a financial whiz himself) generalized too widely the explanation he was given for the significance of the event.

This article from August 20, 2012 gives a overview of what China is doing to Extend the global yuan effort to commodities markets (http://www.worldpoliticsreview.com/articles/12274/china-extends-global-yuan-effort-to-commodities-markets).

In other recent news, China is further loosening the tie between the yuan and the dollar (http://www.reuters.com/article/2012/09/08/us-china-economy-yuan-idUSBRE88705N20120908),
extending currency clearing bank arrangements with Taiwan (http://www.chinapost.com.tw/taiwan-business/2012/09/08/353567/Taiwan-begins.htm),
exploring "The Transformation of Banking Models" in conference proceedings (http://www.sacbee.com/2012/09/10/4805500/ceibs-6th-annual-china-bankers.html),
increasing the volume of lending to individuals (http://www.chinadaily.com.cn/cndy/2012-09/12/content_15751464.htm),
discussing allowing more "backflow" of yuan investments back into the country (http://www.chinadaily.com.cn/cndy/2012-09/12/content_15751468.htm),
increasing its state set domestic gasoline price (http://www.businessweek.com/news/2012-09-10/china-to-raise-gasoline-diesel-prices-from-tomorrow-c1-says),
resuming sales of asset backed securities (aka damned derivatives) (http://www.reuters.com/article/2012/09/08/us-china-bonds-cdb-idUSBRE88702520120908),
extending more debt domestically (http://in.reuters.com/article/2012/09/11/china-economy-loans-idINB9E8JH00I20120911), and
continuing to extend its retail banking presence in foreign markets (http://europe.chinadaily.com.cn/epaper/2012-09/07/content_15742204.htm).
These are some of the many elements of establishing a yuan denominated Rothschild style "debt based currency", with world extent and Chinese flavor (such as the state set price of gasoline.)

===

Moral of story: this is mostly not going to be one or a few "key events", but an ongoing "process", of many smaller changes likely leading to a bigger over all change than we can easily anticipate now.

Ilie Pandia
14th September 2012, 19:52
Paul you are correct, but I am thinking that at some point in time there must an official statement to say "US dollar no longer the world's reserve currency".

China buying crude oil using Yuan may come very close that statement (at least as I understand it :)).

araucaria
14th September 2012, 19:55
Lindsey Williams (unless there is another petroleum priest out there) came up on my radar a few years ago now, and I remember being impressed.

ThePythonicCow
14th September 2012, 19:58
Paul you are correct, but I am thinking that at some point in time there must an official statement to say "US dollar no longer the world's reserve currency".
That's why I said:

this is mostly not going to be one or a few "key events"
:) .

Though the key events might never include that particular announcement ... as most of what it means to be a reserve currency is buried in thousands of individual arrangements, contracts and agreements, that are denominated in US Dollars. That reserve status continues to erode, gradually.

My crystal ball doesn't tell me yet what the "key events" will look like, and they might look differently depending on whether you reside in Texas, Romania, or China :).

P.S. -- Can you name the "key event" that marked the collapse of Microsoft's Internet Explorer as the one, dominant, web browser? I can't :).

ThePythonicCow
14th September 2012, 20:02
Lindsey Williams (unless there is another petroleum priest out there) came up on my radar a few years ago now, and I remember being impressed.

Lindsey Williams has been the one and only petroleum priest by that name for many years now ... so it's likely the same one.

Carmody
14th September 2012, 20:15
This is as big as it gets. A challenge to the petro-dollar, the world's reserve currency. From China and Russia.

Cards on the table.

The usual response of the US and the West to such challenges is war. Iraq, Libya. This time?

We will see ...

False flag, decry, horror, chips knocked off shoulders, enemies announced and found, borders closed, patriots working, war machine built with this internally done and isolated fiance system...and ready to be utilized for an enemy that does not exist.

After all, the Nazis/fascists in the backdrop financed the Nazis/fascists in Germany.... so they should remember that old tricks are the best tricks. Hell, this one goes all the way back to Rome and Cicero.

fractal being
14th September 2012, 20:16
P.S. -- Can you name the "key event" that marked the collapse of Microsoft's Internet Explorer as the one, dominant, web browser? I can't :).

the return of Steve Jobs to Apple :p

DevilPigeon
14th September 2012, 20:31
P.S. -- Can you name the "key event" that marked the collapse of Microsoft's Internet Explorer as the one, dominant, web browser? I can't :).

At the time I started using the Internet (mid/late 90s) the 2 main browsers were IE and Netscape, IE was better IMO mainly because of the user interface/familiar menu/familiar settings etc. Netscape (or Nutscrape as some called it) had a horrible interface, although it was more standards compliant, rendering certain web pages better and IIRC was a faster browser. It also had a built-in email client and basic HTML editor, but I never liked either.

For me, it was the advent of Firefox 1.0 that turned the tide on IE being dominant, it was by far faster than the current IE which with each passing version was getting more and more bloated.

Ilie Pandia
14th September 2012, 20:36
I had to refrain myself from answering Paul's questions about I.E. for fear that this thread will be derailed into a Firefox vs I.E. debate... so... let's leave that for another thread and let's get back on topic :)

:focus:

DevilPigeon
14th September 2012, 20:41
I had to refrain myself from answering Paul's questions about I.E. for fear that this thread will be derailed into a Firefox vs I.E. debate... so... let's leave that for another thread and let's get back on topic :)

:focus:

DevilPigeon returns stealthily to his observer chair... ;)

ThePythonicCow
14th September 2012, 20:45
P.S. -- Can you name the "key event" that marked the collapse of Microsoft's Internet Explorer as the one, dominant, web browser? I can't :).

the return of Steve Jobs to Apple :p
Could be ! :) Though I'd also suggest that another key event was when Marc Andreessen (co-author of the early web browser Mosaic) recruited Brendan Eich (http://brendaneich.com/tag/history/) (a former colleague of mine) to come to Netscape, to work on a scripting language for web browsers. This would become Javascript, and Eich would go on to become one of the founders of Mozilla.org.

But, the next question, did you realize the day that Jobs' return was announced that that day was the beginning of the end of Internet Explorer's dominance? In hindsight, we can often identify some key turning points in the history of most anything. But less frequently do we correctly identify those events as key, when they happen.

ThePythonicCow
14th September 2012, 20:49
... let's get back on topic :)

:focus:

Oops :p

There was a point to that digression however ... by bringing up an other subject that some of us are more familiar with, we can notice that the rise and fall of dominant players seldom happens on singular events, and even less often happens on singular events that we recognize as such, when they happen.

Only a few of us (certainly not myself) recognized 9/11 was a major event in history, and why it was such, on the day it happened in 2001.

donk
14th September 2012, 21:30
An advisor friend of mine said in a text: There is a pipeline from Russia to China. All oil sold to China will be in yuan but the is pegged to the dollar. No big deal.

QE3 is a big deal though...

Just one dude's opinion.

ThePythonicCow
14th September 2012, 21:38
All oil sold to China will be in yuan but the is pegged to the dollar. No big deal.
No big deal in the short term, but a big deal in the longer term, as the Chinese continue to loosen the dollar peg of their yuan.

As noted in the link further loosening the tie between the yuan and the dollar (http://www.reuters.com/article/2012/09/08/us-china-economy-yuan-idUSBRE88705N20120908), that I listed in Post #10 (http://projectavalon.net/forum4/showthread.php?49785-Petro-Dollar-Died-on-Sept-6th-2012-and-was-Replaced-by-to-Petro-Yuan&p=553386&viewfull=1#post553386) above, the Chinese have just relaxed their currency peg further, now allowing plus or minus one percent (1%) per day changes.

Further, when the yuan peg to the dollar is dropped entirely, contracts already written in yuans, not dollars, will sail right through the change, unscathed.

donk
14th September 2012, 21:43
when the yuan peg to the dollar is dropped entirely

I guess in the financial advisor world these, that is what it takes to make a "BIG DEAL".

Think about it, less than a decade ago, $10 billion was a "big deal", and trillion was barely a word...

Hervé
15th September 2012, 01:26
Dollar no longer primary oil currency - China begins to sell oil using Yuan (http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan)


Kenneth Schortgen Jr.
Examiner.com
Wed, 12 Sep 2012 22:00 CDT

http://www.sott.net/image/image/s5/114331/large/china_oilsource.jpg (http://www.sott.net/image/image/s5/114331/full/china_oilsource.jpg) © TIME/Facts Global Energy

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.


Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. - Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11 (http://justmeasurescs.com/?page_id=18)


This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.

Full article here: http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan (http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan)



Edit: Note the date of Williams' announcement...

we-R-one
15th September 2012, 01:40
wow, that is big news and most likely a precursor for what's to come....

Carmody
15th September 2012, 01:59
... let's get back on topic :)

:focus:

Oops :p

There was a point to that digression however ... by bringing up an other subject that some of us are more familiar with, we can notice that the rise and fall of dominant players seldom happens on singular events, and even less often happens on singular events that we recognize as such, when they happen.

Only a few of us (certainly not myself) recognized 9/11 was a major event in history, and why it was such, on the day it happened in 2001.

I knew it was a lie and a false flag within one hour. There was a certain series of events that should have taken place, regarding controlling potentials for bio-attack, and those scripted and sequenced events (the overarching priority to the tune of being deemed 900% more important than any physical terrorist attack) did not take place. Even though they had become, over the years... something akin to a standing order.

ThePythonicCow
15th September 2012, 02:08
Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.



Dollar no longer primary oil currency - China begins to sell oil using Yuan (http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan)

...
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.


I merged these two threads, and moved the result to the "Global Financial News" sub-forum.

we-R-one
15th September 2012, 05:39
That was funny, I couldn't figure out why I had missed all the previous posts, lol. Thanks Paul

Rocky_Shorz
15th September 2012, 06:30
most have forgotten Russian Banks are selling Iran's oil...

USD has been banned at the central banks of Europe, by the Fed Reserve for Sanctions on Iran...

this is no surprise and should drop the price of Crude by covering all of China's demands...

but then again, none of you have forgotten the Russian oil Tycoon that Launched the Koch Empire...

cut off middle east oil from riots over a stupid movie, brilliant move and only cost $5 Mil to make Billions...

toss it into the lap of a Moron who thinks he is doing Gods work, and it was Viral instantly around the world...

Russia was always good at Chess...

778 neighbour of some guy
15th September 2012, 07:11
post removed, never mind.

ThePythonicCow
22nd September 2012, 05:48
Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.


I have found a quasi confirmation of this claim. In Jim Willie, CB's latest HAT TRICK LETTER, he states:




Gerald Celente reported last week, "On September the 6th of 2012, China officially announced that any country in the world that wishes to sell crude oil using its currency the Renminbi instead of the USDollar can do so. The following day September the 7th, Russia announced that the nation will sell China all the crude oil they need, no limitations whatsoever. They will not use the USDollar for their trade. While you were watching the Democratic Convention the Dollar died, says Lindsey Williams." The claim by Celente is far reaching.
Note that Jim Willie is quoting Gerald Celente quoting Lindsey Williams; it is not clear if there is any independent reason for Jim Willie to give credence to this claim, past what originated with Lindsey Williams.

T Smith
22nd September 2012, 15:05
Dominos falling?

http://www.indymedia.co.uk/en/2012/09/500358.html

ThePythonicCow
22nd September 2012, 19:57
Dominos falling?

http://www.indymedia.co.uk/en/2012/09/500358.html

For the record, in case the above link ever ceases to work, and for those who weren't tempted to click on it, the article at that link begins:




China in closed door negotiations to purchase Mexican crude oil without using US
Von Helman | 21.09.2012 02:00 | Indymedia | Other Press | World
Mexican crude oil to be sold to China without using the US dollar as its trading currency

Sources inside the Mexican government refuse to confirm that the Mexico government has been in secret negotiations with China over possible crude oil sales to China without using the US dollar.

China officials claim meetings held with the Mexican government and Petróleos Mexicanos (or Pemex) are for investment and economic growth inside Mexico. Crude oil purchases fall under this heading however officials on both sides in the past have stopped short of publicly discussing crude oil or any talks related to any special agreements relating to crude oil purchases.

Sources inside Mexico claim this week that China has in fact brokered a secret deal with Pemex to purchase crude oil using currency means other than the US Dollar. The details of this agreement are still unknown at this time but China is expected to make a public announcement within the next few days.

Over the past ten years with new trade agreements China has invested billions of dollars inside Mexico. China has helped the Mexican government create jobs and has financially supported investments in the privatization of ports and infrastructure throughout Mexico. Mexico continues to privatize large sectors of its economy and China is line to benefit from additional investments inside Mexico.

Since the 2009 global economic crisis Mexico's central bank has been quietly purchasing large quantities of gold. Mexico Central bank buys 100 tonnes of gold
Yes, dominos falling :).

SilentFeathers
22nd September 2012, 20:08
This is also quite important if true...

Russia Overtakes Saudi Arabia as Top Crude Producer, JODI Says
http://www.bloomberg.com/news/2012-09-19/russia-overtakes-saudi-arabia-as-top-crude-producer-jodi-says.html