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- THE WORLD at ADVANCED TRANSITION FROM THE PETRO-DOLLAR HEGEMONY TO THE PETRO-YUAN ERA

The analysis made three months ago and exposed in the last delivery is still valid. It can be considered as background to the current.

In previous outlined delivery, it had been stated that outstanding events are occurring on a daily basis that are signs the old unipolar world order - dominated by the West since at least 500 years, is crumbling.

One of the most important event is the opening on March 26, 2018 of the Shanghai Gold Backed Oil Futures Financial Instruments that would make the petro-yuan the rising world currency standard to compete against the petro-dollar.

Also to be mentioned is the PETRO, a crypto currency launched (on February 20, 2018) by Venezuela, to circumvent sanctions imposed by the United States of America and Western allies, to trigger regime change.

The Petro is backed by Venezuela's vast oil reserves - of about 301 billion barrels of petrol, and other minerals, making it the first currency in the world backed by a natural resources other than Gold.

No doubt, several South American, Asian and African countries would carefully analyze and scrutinize the Venezuelan experience.

Which bring us to events in African countries, where Nigeria's Buhari is asking his fellow French speaking partners in the ECOWAS region to disconnect the CFA Franc from French treasury linkage, prior to the establishment of the common West African currency planned for 2020.

Meanwhile, the new leader of the ANC and President of South Africa, Cyril Ramaphosa stated on March 20, 2018, "it is time for the Continent to have a shared currency and that should be the priority of every single African country".

That is a statement not in line with the ANC 54th elective conference's resolution to nationalize South Africa Reserve Bank. Would the implementation of this important and strategic resolution be delayed waiting for the setup of the eventual Continental currency? Click here for more on the matter.

To sum up the international state of affairs at the time of this writing (April 15, 2018), the shadowy war to control the world financial system, that is the control of the future of the planet, which started in 2008, is now at full gear.

The petro-dollar system is besieged and rapidly losing ground against the rising petro-yuan.

And false flag events (particularly the alleged chemical use by the Syrian government against terrorists in the Ghouta/Damascus suburbs) are staged to prolong the life of the dying petro-dollar; and taken as pretext by  the U.S, France and the UK to strike several targets in Syria on April 14, 2008.

These strikes, like the 2017 strike on Shayrat airbase, carefully avoided Russian presence in Syria (the naval base of Tartus and the military airfield at Hmeimin in Latakia province) and will do nothing to dislodge the Syrian government forces from territories retaken from the terrorists.

Having warned in advance Russia about the targets to strike [source], it is obvious  that the United States of America, Britain and France are trying to prevent a military confrontation with Russia in Syria. This is a good sign for future development of the Syrian war.

However, peace lovers nations of the world have to be on alert to prevent warmongers to do the unthinkable, that is trigger a worldwide atomic war - the United States being in an existential fight to maintain its hegemony/supremacy rank, as it is no more in the position to force other nations to buy US Dollars for their oil and gas purchases.

Indeed, with the unstoppable rise of the petro-yuan, the US  decades long practice of being able to print money out of thin air will end, thus collapsing the petrodollar system.

Click following link to read about: To Setup a African Continental Currency? The Priority Should Be the Nationalization of the Existing Foreign-Controlled African Central Banks; and the Setup of Public Banks."

Many thanks for dropping by and see you here on July 15, 2018

Dr. B. M. Quenum
Editor of AFRICABIZ