Two major energy trade developments today highlight how the Western Alliance is quickly losing a grip on the world energy market, as an alliance between China, Russia, Iran and the Middle East Gulf Cooperation Council starts to take shape with actual trade exchanges that are not in dollars.
Last year, in response to big panda’s own interest and seeking to exploit two western alliance self-created weaknesses; (1) sanctions against Russia and (2) weakened investment in LNG production; China spearheaded the Shanghai Petroleum and Natural Gas Exchange.
The exchange was aimed at group purchasing services for liquefied natural gas (LNG) though the use of the yuan to replace the dollar. Essentially, team Gray operating without the global trading system of team Yellow (map). The Shanghai exchange allows purchases of LNG portions by small and medium-sized buyers in yuan.
Today, CHINESE national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan-settled liquefied natural gas (LNG) trade through the Shanghai Petroleum and Natural Gas Exchange, the exchange said on Tuesday (Mar 28).
Approximately 65,000 tonnes of LNG imported from the UAE changed hands in the trade, it said in a statement. TotalEnergies confirmed to Reuters that the transaction involved LNG imported from the UAE but did not comment further. (read more)
This exchange between the UAE and France is taking place without dollars. If the process continues the dollar weakens. In the geopolitical world of currency valuations and trade, this might be considered the Archduke Ferdinand moment for the end of the petrodollar. The question will become, can they grow this process with OPEC+ support and begin eventually trading oil in yuan?
A second energy targeted development comes from a shipment of Russian diesel fuel into Mexico. The raw material was: (A) sold at an originating discount; and (B) presumably refined in Spain, making it exempt from the current energy embargo against Russia.
Next time the Gulf countries are threatened by a despot wanting to take their oil, don’t call us. Call China.
The US is the despot wanting to take their oil because their oil doesn’t cause CO2, that only happens if it is drilled in America. Same as coal in Australia, it only causes CO2 if it is burnt here for cheap energy. Miraculously when it is burnt in China it has no effect.
Petroleum from American oil wells is mingled with those cow farts that cause global warming…
It’s the Chinese herbs and spices they add.
Lots of MSG, though.
ARAMCO the Rockefeller Piggy Bank the reason for most wars in the last 100 years.
The US has done nothing but commit acts of destruction in the Middle East. No wonder they are turning to other countries. The US has been illegally invading and bombing countries all over the world and promoting regime change for decades.
Don’t forget: 10% yuan for the “Big Guy”.
So far, the pain has mostly been incremental.
Inflation settling in little by little and becoming the new normal. Shortages coming and going periodically but not permanently in most instances. Packaging becoming smaller and more expensive. And so on.
Social engineering proceeding steadily despite multiple exposures.
There is just enough low level public complaining to alert the masterminds pulling the strings.
And then the MSM stenographers come on board to do some mild ‘sympathetic’ grumbling and spinning. And soon it’s back to pacification through the usual entertainment and social media distractions.
But as the BRIC snowball expands and grows, the pain will become suddenly obvious and intense. No more hypothetical conjecture. But real world impact. The illusion of a stable economy will be a shock to everyone. Regardless of political affiliation.
If the anger becomes organized and threatening, the masks are ripped off and the fascist state glorifies in it’s awakening.
The lessons learned from the Covid lockdown, post 9/11, and world wide covid confrontations in Canada, Australia and elsewhere come into play. Any protest will be called sedition. Critics in and out of government will be labeled traitors. Trump first and foremost.
Brute force, elimination of due process, frozen bank accounts and every other tool at their disposal will be used to ‘calm things down.’ And move quickly with the reset. This time for real. And the media will urge compliance with Big Brother’s plans.
That will be what kills them .
Just wait until they pass the Restrict Act. Ouch!!!
Australia will crumble into ashes in the next 18 months. They are going to get some weather that will see sky high prices, and virtually zero farming.
Nope. What rubbish Climate Change garbage are you talking about now?
Australia is going great guns at the moment.
Isn’t that where Obama is conveniently bridge-climbing out of country while all of this goes down?
This is a good outline of their plan. But “no plan survives the first contact with the enemy.” Ultimately, the Omnipotent is their enemy. Many will be expectant, witnessing what He does, waiting for His call.
The problem with that incremental plan is that 80+% of the country will have no money in their bank accounts to freeze/steal, and all those people will have nothing to lose.
Dayum well said!
I remember seeing Russian war ships in the Port of Vera Cruz, Mexico in 1981. I recall seeing the guns run by wealthy families in Isla Mujeres (admirers of Jeb Bush family) to Cuba during the revolution to oust Batista. Now DHS whistleblowers are disclosing Chinese nationals coming through the US Mexico border. Hmmmm.
Michael Senger tweet “Saudi Arabia has joined a China-led security and trade alliance with China, Russia, India and Pakistan”:
Watch Andy Schectman on the Belt and Road initiative. America is finished thanks to greedy corps, banksters, and the military.
I agree 100%. We are contrarians here at CTH. Must watch!
there is an old saying
“make hay while the sun shines”
so during the demise of the US
the panda pounces
can’t blame them
The other saying is ” payback is a ….”. Remember China in a US resurgence. Trump certainly will.
meanwhile…. as in… while we all studiously check adams apples.
When the dollars start coming back to America because the dollar is not used as an exchange anymore, you’re going to see inflation like you’ve never seen it before.
Yes, all those dollars and treasury notes are coming home to stay, tens of trillions worth. I hope it’s a slow process.
Might make government spending a moot point.
Is there any question at all that congress critters are more ignorant than we are?
yes, congress critters are dumber than dirt
however, whomever is behind our country’s demise
is smarter than hell and it is not Obama for he
is a puppet just like Biden and the rest of the
stooges in government
The WEF is involved, but are they puppets for a
one World Order also? I hope I live long enough
to find out.
Bidinh’s puppeteers are as happy as little girls … their plan for the destruction of America … and the Looting of America is progressing perfectly. If we don’t stop them … our grandchildren will be speaking Chinese
why did not France insist on paying with Euros/Francs?
Yes, why did our ally agree to this?
Ecuador and China just did trade deal.
Taiwan has mads😠
The New Atlas has YouTube on it. Have seen other mentions about it…but Brian Berletic explains it best.
wow. Can’t wrap my mind around the Yuan becoming a major Global Trade currency.
I mean I can see it not being the U.S. Dollar, but the Yuan? Yikes.
I guess I’m just too used to seeing the floppy little pieces of ripped up “currency” over there back in the day.
China is the worlds largest oil importer by far. Also competing with the US for the largest economy.
Rumored to have the worlds largest gold reserves. Also the worlds largest gold producer. Most of the gold never leaves china. Shanghai gold exchange is the worlds largest physical exchange.
Russia and China working together, have the economic might to destroy the dollar.
This brain dead neocon administration has pushed Russia and China too far. They are unleashing a weapon of mass economic destruction. The weakened USD has no defense.
Hold on tight. Our economic handbasket is going to be doing some steep dips and dives. Before we get to where we are going.
China is also at least as much in debt if not more than the US, at all levels. The US is also China’s largest goods importer. If the US economy blows, then China’s economy also goes into deep deep recession if not depression. I believe the US and Europe are more than 80% of China’s export trade.
We are too tied at the hip right now for China to come out on top if the US and the EU fail.
China has been going around the world securing trade and resources while the neolibs/neocons squander whatever goodwill the USA had overseas. It is bad for China to collapse the USA, but China has an industrial complex that we don’t have. So the USA will be adrift without machinery/tools/parts even those needed to repair the machines of war. We are destroyed and they get a depression–bet they are willing to do that. Though China will have Russia/Africa/Latin Ame. to trade with. We will trade with the trans, with all them–how many are they?
China’s debt to GDP ratio is 62.4%. The US debt to GDP ratio is 114%. China had a 847 billion trade surplus in 2022.
The US and EU make up 32% of China’s exports. If you add Australia, Japan, South Korea, that adds to 57%.
Be interesting to see if the CCP’s stats have any relationship to reality.
I agree with you
However, China can, over time, replace the US as an importer
of its goods to other countries.
In the short term, however, where the US goes the world goes.
The US is going to H*** in a handbasket. I dont think the world, including Europe will follow in our path.
Spain and France are headed to China for Talks about Peace and the BRI.
The US says “Peace is not an option in Ukraine” Also wants war to stop the BRI.
The cracks in NATO are turning into fissures. When the world dumps the dollar it will happen quickly
The United States should announce the removal of US Navy protection of non-US flagged shipping. We can then enter into negotiations with our allies and friendly countries based on their use of the US Dollar.
The era of the US being the world’s policeman is now over.
The Rockefeller’s won’t allow it, ARAMCO is to big to fail. They don’t how many deaths of our kids it takes.
They use the dollar at gunpoint, as the US’ demolition of Nordstream shows. Germans and France own half of that.
In Germany, someone got cute at the Federal Bank..
Not necessarily. This just means the US$ isn’t as useful to manipulate the global powers via sanctions. If the US$ isn’t so desired anymore, maybe we can stop sending it to all these countries. That would stop inflation real fast. Not to mention real global competition can be a good thing for everyone. Things have been stagnant for far too long anyway. Change will be good.. Assuming we can get these various communists out of power in our own country.
The World is moving on, apparently…
“It’s not us, it’s you.”
Just saw this on Telegram–
Brazil and China have entered into an agreement to abandon the US dollar in favor of their own currencies in trade and financial transactions.
The new arrangement is expected to “reduce costs” and “encourage greater expansion of bilateral trade and facilitate investment.”
Everything is moving accordingly….. its what they want to happen.
I need to see what patriots will do.
France. It figures.
At least their people take to the streets en masse to protest. What have we done here in North America?
the trucker Freedom convoy was the only protest that happened organically.
J6 political prison was effective, was it not?
Not really. They have an infinitesimal amount of people trapped there (with informants among them). There are too many wiser crowd just watching it all happen, going to work everyday, until it is their time. Those don’t broadcast. You won’t know they are coming. My bet.
The changing of the financial guard begins. If fewer countries want the dollar, then interest rates will have to increase. If that doesn’t draw enough takers, then the stupid Fed will print more money. Either way the US economy is on track for a derailment. No liquidity, no credit, no money for bullshit Democratic handout programs, no military, evaporated pension funds, bank failures, Medicare and Medicaid collapse, un funding of social security. It’s essentially equivalent to a fiscal EMP.
If SS gets unfunded then no worker will pay 15% of their income in SS taxes. Bye bye 15% of tax revenues right off the top.
In the long run it will be the best thing for this country. Short Term it will be painful as hell. The ones in the most pain will be government employees, and people who have no skills to be self sufficient or recession proof skills, people and businesses that are very reliant on welfare.
This is a big deal and reveals cracks in the Central Banks. In the long run this is a good thing. These demons have had us their hamster wheel for centuries and constant war….time to get off.
Ultra-MAGA!
Idk if true, but wouldn’t surprise me…
Well, we know that China and Russia have been selling them off over the last months. But whether it is a coordinated effort or what countries are involved, I wouldn’t know.
Article
OPERATION SANDMAN now activated – Saudi Arabia announces END of dollar dominance in global oil trade … the dominoes begin to fall on the US empire – Mike Adams Jan 18, 2023
“As we have consistently warned for more than a year, Operation Sandman has now been activated, with Saudi Minister of Finance, Mohammed Al-Jadaan, telling Bloomberg TV (during a WEF Davos interview) that the Saudis will gladly accept all currencies for settling oil transactions.”
URL Link to article:
https://yournews.com/2023/01/18/2495449/operation-sandman-now-activated-saudi-arabia-announces-end-of/
BRICS v.Five Eyes.
Thanks, France. We always knew you were our steadfast ally.
Kenya to start buying petroleum products with Kenyan shillings – Peoples Gazette
This was announced Monday March 27, 2023. This is more erosion of the Petrodollar.
“In an effort to combat the country’s continuing dollar shortage, the Kenyan government has signed an agreement with three international oil companies that will allow the African nation to purchase oil using Kenyan shillings.”
Link to article
https://gazettengr.com/kenya-to-start-buying-petroleum-products-with-kenyan-shillings/
Petrodollar – RIP 2023
You can buy all the gold you want and the price of gold will sink to a level that will not be of any value as it today.
You will sell it at pawn shops like old gold rings and be paid with government credit cards that are only good for use at the people government food and supplies store.
I have been offering a different opinion here for some time.
Not about Ukraine.
Not about Green Agenda.
It’s about Russia showing/leading world off of US dollar reserve system.
Looks like Sundance is catching up.
Its a big club and thanks to joebama America ain’t in it.
Shanghai Petroleum and Natural Gas Exchange
SPNGE or “Sponge”
Hello
I haven’t been here for a while.
I think Sundance, who has an amazing mind, and an incredible website, with outstanding observations, has got this slightly wrong. He says the USA is losing its grip on the petrodollar. Yeah, its citizens are, but is this a nation losing its grip, or is this actually what is intended, by our own government? They are actually in total control. This is what they want as an outcome. They are all hedged to come out of this on top. You aren’t, but they are.
Governments don’t really exist anymore. It’s corporations who control everything now, across the whole western world. You just vote for the people they get to own. And that is predetermined before you vote. And so these corporations do not respond to voters. They respond to their own desires and needs, and they are international, global, universal, and have zero loyalty to the USA. The media, the MIC and the IC are just wholly owned divisions of huge multinationals. This destruction of the US petro dollar is a feature, not a weakness of the BBB program. Collapsing the dollar is all part of it. Not suddenly, overnight, but slowly over many years. Like a boiled frog, we will notice too late that we are already dead.
I do not believe there are trans people, and feminists, and woke progressives getting all these government policies wrong. I don’t believe they are focused on other irrelevant things, and then suddenly “oh dear, look over here. We were too stupid to notice the dollar was being eroded due to our silly policies”. I don’t believe that at all. It’s what they want us to think. It gives them plausible deniability. But it’s just not plausible.
I mean, look at the response to this. Not even the politicians are raising it, or the media. They know it’s there, but they are being silent on it. Why? It’s just too much “hopium” to think they are not doing this to us on purpose, knowingly, and that the plan is working really well. It suits the banks, the major corporations, and the media elites. It just does. No-one is losing control. They are actually gaining more of it. Those pesky Americans and their freedom loving ways are the biggest threat to them, and we are getting weaker by the day. In fact, we probably have a DNR notice attached to our toe. Indeed, what freedoms do we have today?
We have a constitution, but it means nothing if no-one is there to uphold it. Without that, like the dollar, it will just return to it’s residual value, which is just paper.
And there is nowhere left to go to.
Wasn’t Saudi Arabia involved in 9-11?
I feel we may hear more about this in the near future…
Isn’t the UAE Israel Comprehensive Economic Partnership agreement about to take effect & reduce tariffs on over 90 percent of goods?