Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status | WHAT REALLY HAPPENED

Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status

In geographical terms, this implies a future shift of military forces away from the Persian Gulf, Middle East and North Africa to the Far East. This is for the purposes of containing and surrounding (militarily, economically and technologically) Washington’s primary peer competitor, namely China.

Beijing, in response to this encirclement, has a card up its sleeve. It can seek to replace the reserve-currency status of the US dollar by not only coming to Iran’s aid, which is fundamental to its Belt and Road Initiative (BRI), but also, at a later stage, seeking to woo Saudi Arabia (and OPEC) away from selling oil exclusively in US dollars. Moscow, with the development of OPEC+, can help its Chinese ally, shaping the LNG market with prices quoted in currencies other than the US dollar. Currently, Beijing and Moscow are trading in hydrocarbons by completely bypassing both the SWIFT payment system as well as the US dollar.

The Chinese have a well-planned operation in mind that could change the entire economic landscape of the world. China will firstly help Iran develop its exports while at the same time guaranteeing future supplies for itself, allowing both countries to shield themselves from American economic terrorism. Naturally, Iran’s sale of oil to China takes place outside of the SWIFT system, and therefore outside the purview of the US petrodollar combine.

With this move, Beijing seeks to secure the future sale of hydrocarbons for its enormously growing economy, ensuring the country’s continuing development, complementing the investments already made in North Africa (minerals and raw materials) and in the east of Russia (agriculture).

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