Petro Dollar Going the Way of the Dodo Bird as China Begins Selling Oil Using Yuan

The dollar’s death by a thousand cuts just sustained a few hundred proverbial slashes as China officially announced Thursday that the international banking and payment transfer system is ready for any nation in the world to begin accepting the Chinese Yuan as payment for oil.

Combine the Chinese announcement with Thursday’s open-ended and unlimited quantitative easing announcement by the Fed and the dollar is dead.

 

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970′s, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: “The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine.”

“On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

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Comments

  1. Blah blah blah…Lindsey Williams is just another charlatan to throw in the list. Oh, but you want to be “saved” make sure you buy his DVDs. 

  2. If you can actually sift through Lindsey Williams’ endless rabble you can tell he is FOR the elites. He talks as if the Rockefellars/Rothschilds have already won and one world government is a fact. He doesn’t hide it that he’s the same snakeskin as the elites either. If you can listen through the endless garbage he spews, his advice is so common it can be found anywhere. This guy is not here to help any of us, only to help himself and the elites. Lindsey Williams is eternally damned for using the name of God to shore up new slaves for the Rockefellers/Rothschilds post collapse.

  3. The dollar is going to fall globally, and it will happen whether Lindsay Williams says it or not! Bernanke says so and that’s enough for me! When it loses it’s hold as the reserve, game over for the dollar and everything associated with it including our incomes. Silver for me was the only answer to the distinct possibility of hyperinflation in the near future. The only saving grace, if you can even refer to it as such, is that the currencies around the world will crash too so that levels the field somewhat. 
     

  4. It looks like Jim Willie was right again regarding the new international banking and payment transfer system. The US is in serious trouble now if the petro-dollar loses its reserve currency status with a large drop in the standard of living on the cards. Unfortunately by alienating most of the world with endless wars and threats of sanctions the move away from the petro-dollar has only accelerated.
    Will China be attacked next to save the dollar?

  5. Lindsay Williams aside, is it true about china now trading oil in yuan? If its true, then it doesn’t matter who Lindsay works for. The dollar is truly coming to an end!

  6. Our incredibly stupid policies of appeasement, led  the idiot muslim in the white House and his pack of enablers including the muslim in mufti Hillary “I love Sharia Law’ Clinton is going to destroy our oil availability from the ME. 
    China’s investment in ME and Africa is giving them a red carpet ride as they move into the power vacuum we are leaving. Say what you want about our national policies, we are going get thrown under a salad oil powered bus. IMO

      When oil hits $200 a bbl and gas is $10 a gallon, a event certain,  aided and abetted by the devaluation of our dollar, a complete default of any sort of ME policy, and a quizling State Department,  the people of this country are going to get hit like a ton of brick. What we thought is hard times now will be seen in retrospect as the good times.   Obama sez everything is going to plan. Riiiiight

  7. I believe the next goal for China will be to issue a precious metal backed currency.  Its still my guess they’ve been in cahoots with everyone to help hold down the precious metal prices while they loaded up on 100′s of metric tons of gold.    
    Remember they are the biggest special interest in Washington.

  8. Once the ‘Petro-Dollar’ slips into oblivion, domestic inflation will lose one of its critical ‘relief valves’ and all this ‘QE’ will jack up pricing across the board in the US. Still, renminbi-yuan is just another Plantation Scrip stamp from yet another Slaver government that’s doomed to self-destruction as surely as pounds, pesos and francs.

  9. I agree with El Bernanko, that Linsday Williams is a liar and a fake. He said that the Euro would crash first, and after that you would have some weeks at the most to get out of the dollar and all paper. LIES. The Euro is the globalist currency; the template for the NWO itself, so they won’t let it die. And, he has so many sets of DVDs it is unbelievable. Out of all his stuff, there are about 10 important bullet points, and ALL of them are PROPOGANDA, exactly as you hear on the MSM, Alex Jones, Ben Fulford, David Wilcock and all the rest of the cointelpro BS artists.

  10. The only problem I have with lindsey Williams in not the content but its delivery.Man this guy could give Christopher Columbus a few tips on circumnavigation.Content wise he has a pretty good track record but   I never take (pardon the pun) what he says as the gospel truth.
     

  11. Oil is the only thing backing the U.S. dollar.  Anything that threatens that is beyond bad for the dollar.  That is what our involvement in the Middle East ia all about.  

  12. Timing couldn’t be better.  Looks like the petro dollar just arrived in the emergency room.  And the OIL rocket has ignition.

  13. Wait, if the US dollar crashes, aren’t all fiat currencies around the world supposed to crash also along with the USD? I wonder if the US will attack China and then start a WW3 if China officially replace the US dollar. Anyway, things are getting dangerously hot!

  14. I’m not so sure about this story.  Has anyone seen ANYTHING on cnbc, bloomberg, wsj, foxbiz, etc?  Cause I can’t find anything other than an Examiner story that only cites Lindsay Williams as its source.  Even HE doesn’t cite any sources.  Are we just supposed to take his exceedingly long-winded word for it?  I think his DVD sales must be down.  Expect to hear him on Coast to Coast soon.

  15. Nope this is very real. Turns out a “Pastor Lindsay Williams” wasn’t the original source and even Bloomberg news was forced to print a brief story about it. This has been a long time in coming(so don’t go buying any of these “experts” DVD’s either, if you know what’s good). 

    http://theeconomiccollapseblog.com/archives/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar

    People better get prepared now because full scale financial collapse is less than six months away. Losing the dollar’s relevance to countries now trading in the Yuan, is going to quickly topple the whole marketplace. 

    http://www.thenational.ae/business/energy/china-signs-10bn-of-deals-with-iran-petrochemicals-firms

  16. @Petro Chemical

    I don’t dispute that countries are trending towards trade outside the USD, but Williams’ article asserts, without attribution, that China just opened its own version of SWIFT for the yuan.  The article you linked to is good, but nowhere does it substantiate ANY of Williams’ claims.  I get it, the dollar is dying, but charlatans that scream, “BUY MY DVD’s AND SAVE YOUR DINNER TABLE”, without providing any evidence shouldn’t be lent too much credence.

  17. I’d be willing to bet real money that this whole thing is a fantasy about what China would LIKE to do and not what they HAVE done.

  18. To the above, no that’s not correct. Williams was not even an original source of this news.
    http://www.zerohedge.com/news/china-and-iran-bypass-dollar-plan-oil-barter-system-and-deeper-dive-iranian-oil-bourse
    http://www.bloomberg.com/news/2010-12-15/yuan-ruble-trade-starts-in-moscow-as-russia-china-seek-to-cut-dollar-use.html
    And it is not something China wants to do, it is something they have already done. That is why everyone needs to discuss this very seriously. When you have the number one globalist newspaper, Newsmax, indicating in the book “Aftershock” we are headed into the crash you know now this is it. 
    http://www.bbc.co.uk/news/business-17988142
    Sorry, but I don’t see a reason for independent sources in China to lie. As for Williams, try to forget he parrots news from someone else and it all a sudden becomes crystal clear. As to China’s currency viability, lets not dismiss they are at head of the BRICS nation alliance so they may be able to easily adjust due to their inflation of gold bonds.

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