Depending on who you listen to, China is either poised to become a superpower or a disaster waiting to fall under its own weight. For Valentin Schmid, both scenarios are overrated. A business editor with the Epoch Times—the premier international media outlet on China—he doesn’t see Beijing becoming the center of the world or collapsing.… Read More
In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..
In this week’s broadcast, host Jerry Robinson exposes why the world’s elites and the corporate media are obsessed with Syria, and is joined by award-winning documentary film maker John Pilger for a disturbing look at U.S. history. Also, Tom Cloud reports on recent news in gold and silver.Source : FTM Daily Podcast Link :https://youtu.be/pbBkVUt9YIs
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