China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar

In a direct challenge to U.S. imperialism, China’s yuan-denominated contracts – backed by gold -will let oil exporting countries bypass using the U.S. petrodollar. Source:  The Free Thought Project/Jay Syrmopoulos Beijing, China – In an effort to hedge against U.S. hegemony, and what could be a global game-changer, the world’s top oil importer, China, is preparing Read more »