Max Keiser: „USA will try to save the Petro-Dollar with war“
Currently international transactions are settled almost exclusively with the world's reserve currency US Dollar.
In 2017 China started paying for oil imports in Yuan. The establishment of a Petro-Yuan, hence a counterbalance to the Petro-Dollar, is a step towards breaking the global currency dominance of the United States.
The financial expert Max Keiser takes up this idea in an interview with the news channel Russia Today (RT). Even though he assesses China’s recent efforts as very courageous, he points out that similar attempts by several heads of state who tried to escape from the Oil-Dollar-Matrix, have always failed so far and brought a fatal ending for the initiators.
License: Creative Commons License: Attribution CC BY