UNITED STATES PETRO DOLLAR THREATENED
BY GADDAFI'S GOLD-FOR-OIL PLAN
May 6, 2011 - RT News
The USA is determined not to let anything threaten its petrodollar. The USA is technically bankrupt. Its a matter of time before most of the world cuts it off and it can no longer maintain Empire. By cutting it off, the world doesn't accept printed out of thin air fiat paper dollars. The day is coming when other countries will only accept something real for their real produced goods.
Syria is an ally of Russia. Neither wants to build a pipeline through Syria to transport Qatari natural gas to Europe. Russia and the US are fighting a proxy war with each other to control the flow of gas and oil. The USA is now losing the battle.
It is and has always been with the US about the petro dollar. China is now buying oil from Russia and the dollar is not being used. The dollar is slowly being phased out of use in trade. Follow the money and questions will be answered.
China recently gave permission to other countries that it is ok to use the yuan for international trade. This will allow Iran and other countries to easily bypass any USA sanctions.
Iran will simply sell its oil in yuan. Since the yuan is increasingly being used in trade among different countries, it will be easily for Iran to sell their oil in the international market. The yuan is easily convertable and is not subject to Fed approvals as the dollar is.
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https://www.youtube.com/watch?v=ejsiHMvLILg