While speaking with Craig 'Turd' Ferguson of the TFMetal Report, Dr. Jim Willie also pointed out that while Russia was not fully ready to use the Rouble as a primary currency for a large portion of their oil sales, the inclusion of the Yuan by Gazprom will allow multitudes of nations to bypass the dollar, and allow them to purchase oil directly from Russia without having to be enslaved to SWIFT and the financial mechanisms of the reserve currency that the U.S. has used not only for profit, but as a financial weapon.
Jim Willie: So what happened with Russia? They did in May the holy grail energy deal between themselves and China, and this is a long term, 20-30 year agreement. As well, back in May, April, and March I said watch Russia accept Yuan as a temporary device for energy sales.
Russia isn't fully ready to do just Rouble sales. In Europe I think they are going to do Euro and Rouble sales, and with China they are gong to do exclusively Yuan sales.
So watch the Saudi's... watch OPEC... watch the deals that Russia starts to integrate with the Person Gulf nations.
And kiss goodbye this petro-dollar. - TFMetals Report, Aug. 31..."
at http://www.examiner.com/article/jim-willie-saudi-s-are-on-the-verge-of-joining-russia-non-dollar-oil-sales
No comments:
Post a Comment