The Beginning of the End for the Dollar and the Beginning of the New World Order Currency and It’s Waiting in the Shadow

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar. At this stage of an evolving economic and financial crisis, such thoughts are necessarily speculative. But an imminent banking crisis is now a near certainty, with most global systemically important banks in a weaker position than at the time of the Lehman crisis. US markets appear oblivious to this risk, though the ratings of G-SIBs in other jurisdictions do reflect specific banking risks rather than a systemic one at this stage. A banking collapse will be a game-changer for financial markets, and we should then worry that the Fed has bound the dollar’s future to its fortunes. The dollar could fail completely by the end of this year.…

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One Of The World’s Largest Oil Companies Just Ditched The Dollar To Euros

One World currency in play The dollar is being intentionally killed, a one-world currency is now on the global oil markets… Russia’s largest oil company Rosneft has already completed the switch away from the U.S. dollar to euros in its export contracts to minimize risks from potential new U.S. sanctions, Rosneft’s chief executive Igor Sechin said on Thursday. Rosneft has already fully switched to euros as the base currency for all its export contracts, and sees big potential in working in euros, Sechin said at the Eurasian Economic Forum in Verona, Italy, on Thursday. According to Rosneft’s top executive, the Chinese yuan could become a much more important global currency in the future, because of Chinese economic growth. The share of the U.S. dollar in the global oil and oil products trade is around 90 percent currently, Sechin said but noted that in ten years’ time,…

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