By True Publica
>Global Research, June 04, 2018
The Mises Institute asked the question last September: “What indications are there that the world is turning its back on the US dollar?” – It did, in fact, answer that question (below), but here are just some of the more recent moves that just six months ago would have seemed unlikely.
We reported on March 26 this year that China had finally launched a yuan-dominated oil futures contract after nearly a dozen false starts over a decade. With that approval, the “petroyuan” became real and China set out to challenge the “petrodollar” for dominance.
Russia was already transacting oil in rubles and been working up those trades since 2015 as a result of sanctions imposed by the West.
The EU has made arrangements recently to settle Iranian oil trades in euros as a direct result of Washington withdrawing from the Iran…
View original post 641 more words