When I see something that may be fairly significant news I try to pass it on here. Reuters runs this article that says China may use yuan instead of US dollars to buy oil later this year:
https://www.reuters.com/article/us-...r-oil-in-yuan-this-year-sources-idUSKBN1H51FA
My blog article with a few comments on the news is here:
https://lonestarwhitehouse.blogspot.com/2018/04/reuters-china-taking-first-steps-to-pay.html
When I see news like this I try to run it past Jim Rickards. He says this very well could be significant news and should be followed to see what happens later this year so I am passing it along here. He especially noted that China and Russia seem to be interested in working together to do this (both with the intention of reducing the influence of the US dollar globally).
https://www.reuters.com/article/us-...r-oil-in-yuan-this-year-sources-idUSKBN1H51FA
My blog article with a few comments on the news is here:
https://lonestarwhitehouse.blogspot.com/2018/04/reuters-china-taking-first-steps-to-pay.html
When I see news like this I try to run it past Jim Rickards. He says this very well could be significant news and should be followed to see what happens later this year so I am passing it along here. He especially noted that China and Russia seem to be interested in working together to do this (both with the intention of reducing the influence of the US dollar globally).
