China Aims To Dethrone The Dollar Through Yuan Oil Trade Backed By Gold… And It May Work
This week we discuss the newly appointed chair of the Federal Reserve, Jerome Powell and how he will do nothing more than follow the same policies that Janet Yellen adhered to. China is looking to make a big power play against the Dollar by pricing oil in Yuan using gold-backed futures contracts in Shanghai. If this happens it will have massive geopolitical ramifications and will cause a definite shift of power. Is the United States using North Korea as leverage to get a military foothold closer to this issue? Catalonia has voted for its independence against Spain’s will, now Spain has issued arrest warrants for the members of Catalonian Parliament…. This is modern day revolution and Catalonia may be the domino that destabilizes the European Union even further.
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