Predictions About the Demise of the U.S. Dollar Coming to Pass: Poszar Was Right... Saudis Confirm Non-Dollar Oil Trade Plans In Davos, Switzerland 1-19-23, ZeroHedge --Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, [1] describing how Russia's Vladimir Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold. Then, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan and a leap in China’s growing encumbrance of OPEC+’s oil and gas reserves: that’s because with the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia), but with Iran and all of OPEC+.” And according to Bloomberg, Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. Mohammed Al-Jadaan told Bloomberg TV on 1-17-23, Tuesday in an interview in Davos:“There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal.” And Al-Jadaan said: “I don’t think we are waving away or ruling out any discussion that wil It doesn’t sound like ole Joe Biden's administration is high up in Saudi's Kingdom’s strategic planning; and given the comments from The Kingdom’s FinMin, Zoltan’s warnings appear ever closer to reality: “dusk for the petrodollar… and dawn for the petroyuan.“ And ... And that 8600 tons gold held by the US? By FED record all but 81 tons are pledged security held by the FED. It has leaked out that for decades it’s been kept in the lower vaults of JP Morgan and Goldman Sachs. Why then would JP Morgan move their gold trading operation to the jurisdiction of Zurich, Switzerland? The London Metal Exchange [LME] is doing the same. Where does and did - this month- the global elites meet annually? Davos, Switzerland!
More here: Gold Giant JPMorgan Move Into Precious Metals Clearing in Zurich (yahoo.com) And here: JPMorgan may move into precious metals clearing in Zurich - MINING.COM [1] Zoltan: https://www.zerohedge.com/markets/zoltans-year-end-masterpiece-dusk-petrodollar-dawn-petroyuan-and-existential-threat More here from InfoWars https://www.infowars.com/posts/poszar-was-right-saudis-confirm-non-dollar-oil-trade-plans-in-davos/ And Middle East https://www.middleeasteye.net/news/saudi-arabia-open-trading-currencies-besides-us-dollar
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