Subscriptions, Current Issue & Back Issues

Shop Website | Annual Subscriptions | Back Issues |

UNCENSORED ECONOMICS: FRN no longer Primary Oil Currency as China begins to Sell Oil using Yuan

image001-fixedOn Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the FRN since its inception as a currency. For the first time since the 1970’s, when Henry Kissinger forged a trade agreement with the house of Saud to sell oil using only FRNs, China announced its intention to bypass the FRN for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: “The most significant day in the history of the FRN, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine.”

“On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the FRN. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the FRN as the global reserve fiat currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the FRN has fallen from 81.467 on the index to today’s price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the FRN, it is not coincidence that the FRN began to lose strength on the very day of China’s announcement.

Since China is not a natural oil producing nation, the question most people will ask is how will the Asian economic power get enough oil to affect FRN hegemony? That question was also answered by Lindsey Williams when he pointed out a new trade agreement that was signed on Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.

Lindsey Williams: “This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy… never, ever has crude oil been sold, bought, traded in any country in the world, without using the FRN.”

“Crude oil is the standard currency of the world. Not the Yen, not the Pound. More money is transferred around the world in crude oil than in any other product.”

“On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want… there is no limit. And Russia will not sell or trade this crude oil to China using the FRN.” –Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

These duo actions by the two most powerful adversaries of the U.S. economy and empire have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the FRN, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.

This new agreement between Russia and China also has serious ramifications in regards to Iran and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable effect, as the nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.

The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the FRN as the world’s reserve fiat currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency.

 

One comment on “UNCENSORED ECONOMICS: FRN no longer Primary Oil Currency as China begins to Sell Oil using Yuan

  1. 86daily says:

    Interesting, The only problem is that the date signifies nothing since the year is not attached to it. if it was not for the mention of the Democratic Convention we would have no clue that this is over two years old,

%d bloggers like this: