MADURO VISITS PUTIN, PROPOSES GLOBAL OIL TRADE IN RUBLES, YUAN | WHAT REALLY HAPPENED


MADURO VISITS PUTIN, PROPOSES GLOBAL OIL TRADE IN RUBLES, YUAN

Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to trade Venezuelan crude would have to do so in Chinese Yuan, today during an energy summit held in Moscow, Venezuela's president Nicolas Maduro proposed to expand his own personal blockade of the US, by proposing that all oil producing countries discuss creating a currency basket for trading crude and refined products. One which is no longer reliant on the (petro)dollar.

“Developing a new mechanism of controlling the oil market is necessary,” Maduro said on Wednesday at the Russian Energy Forum, being held in Moscow this week.

Maduro's proposal is merely the latest not so veiled hint at dedolarizing the global financial system by bypassing the petrodollar entirely, and rearranging a new currency basket determined by the world's biggest oil producer, and largest oil importer.

Of course, Maduro is merely piggybacking on what China may already have in the works: recall that a month ago, the Nikkei Asian Review reported that China is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan.

Webmaster's Commentary: 

Nicholas Maduro has just painted a bullseye on his back, gotten on his knees, and begged for a decap strike, courtesy of the Occupied, Unhinged, Surveilled States of Amerika.

How they would pull this off, I do not know; however, I would be reasonably certain that those Deep Staters in the Bowels of Power in this country are weighing numerous military options to "restore Venezuelan Democracy to the Venezeulan people" (AKA: supporting a Western-centric coup here, so that Venezuela's oil is controlled only by US-centric politicians and only be sold for US dollars.)

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