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Post by Eric Gajewski on Sept 4, 2017 15:17:50 GMT
Economic Crisis: Russia and the Chinese Petrodollar Kill Shot One Two Punch: Russia's Game Changing Intervention in the Mideast and the Failure of Engineered Lower Oil Prices to Break Moscow's Will While Draining Saudi Coffers Forced Riyadh to Beijing Hat in Hand China has read out an inescapable verdict on the petrodollar -- it will be used less and less with each passing month in global trade, specifically transactions in petroleum that have been pegged to the greenback by agreement between Washington and its allied Persian Gulf producers led by Saudi Arabia since the 1970s.
tradcatknight.blogspot.com/2017/09/economic-crisis-russia-and-chinese.html
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