Power of Story
Send a Tweet        
- Advertisement -

Venezuela publishes oil prices in Chinese currency to shun U.S. dollar

Quicklink submitted By   Follow Me on Twitter     Message molly cruz     Permalink
Related Topic(s): ; ; ; , Add Tags

Must Read 1  
View Ratings | Rate It

opednews.com Headlined to H3 9/17/17

Author 7804
Become a Fan
  (13 fans)

Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the "tyranny of the dollar," echoing a plan recently announced by President Nicolas Maduro.

Maduro last week said his government would shun the dollar after the United States announced sanctions that blocked certain financial dealings with Venezuela on accusations that the ruling Socialist Party is undermining democracy.

Read the rest of the story HERE:

At www.reuters.com

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

4 people are discussing this page, with 4 comments


molly cruz

Become a Fan
Author 7804

(Member since Sep 16, 2007), 13 fans, 15 articles, 395 quicklinks, 2442 comments, 14 diaries


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


  New Content
I wish I understood money better. Finding anything out about Venezuela these days is hit or miss, certainly not a word lately, as the usual carnival of crap exudes from Washington. I thought this was pretty significant, in spite of not really knowing why.

Submitted on Sunday, Sep 17, 2017 at 4:28:16 AM

Author 0
Add New Comment
Share Comment
Reply To This   Recommend  (0+)
Help
 

PCM

Become a Fan
Author 55357

(Member since Nov 1, 2010), 11 fans, 3 quicklinks, 807 comments


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


  New Content

See this article:

China sees new world order with oil benchmark backed by gold- Nikkei Asian Review
click here
Yuan-denominated contract will let exporters circumvent US dollar

This could mark the beginning of the end for the US dollar's status as the world's reserve currency. I wonder how many new wars the US will launch to defend that status, and how much the US dollar's real purchasing power will tumble once the world shuns it for the unbacked, indiscriminately printed fiction it is. In the meantime, I hope Venezuela has signed a mutual military defense treaty with China. Things didn't turn out so well for Iraq and Libya when it looked like they were about to take oil off the US dollar. Venezuela has already been put on notice of the possibility of US-led military intervention because Maduro, using the world's fairest election system, is a threat to freedom and democracy ... unlike our pals on the Arabian peninsula. /s

Submitted on Sunday, Sep 17, 2017 at 8:56:13 PM

Author 0
Add New Comment
Share Comment
Reply To This   Recommend  (1+)
Help
 

Dennis Kaiser

Become a Fan
Author 10174
Follow Me on Twitter
(Member since Jan 22, 2008), 32 fans, 69 articles, 245 quicklinks, 4415 comments, 48 diaries


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


  New Content

"Sanctions by the administration of President Donald Trump blocked U.S. citizens from buying new debt from Venezuela or its state oil company, but did not directly interrupt import and export operations."


Don't think the Koch boys had anything to do with this, do you?

Submitted on Monday, Sep 18, 2017 at 9:08:12 AM

Author 0
Add New Comment
Share Comment
Reply To This   Recommend  (0+)
Help
 

Alexander Kershaw

Become a Fan
Author 500827

(Member since Nov 25, 2014), 3 fans, 157 comments


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


  New Content

An entertaining and supremely informative way to learn about money is to read Ellen Brown's "The Web of Debt". Most of us including me think we know about money, but we are sadly mistaken. There is one thing that Afghanistan, Iran, Libya, Syria and Iraq have or had in common and it is not that they are majority Muslim nations. They all have or had nationally owned central banks. In other words, they could create their own debt free money. Syria and Iran are the only ones left on that list which still includes Cuba and North Korea.

The US government, the Pentagon and the CIA are all tools of the international banking/oil cartel. Their aim is not money. They can print or rather generate on a screen, all the money they could possibly use. They are pathological and want to control the world. Real wealth lies in land and resources including productive people. If the cartel needs to it will sick the dogs of war to gain control.

Even those countries with independent central banks still have to do business with The Bank of International Settlements for most international trade.

The creation of the cartel is explained here well.


watch

Submitted on Tuesday, Sep 19, 2017 at 5:05:59 PM

Author 0
Add New Comment
Share Comment
Reply To This   Recommend  (0+)
Help
 

 
Want to post your own comment on this Quicklink? Post Comment