KW: Possibly this is the most significant event that will cahnge the world order as it align China and Russia with every other country that the U.S. has screwed or invaded and destroyed over the past decades into a huge anti American block. As that little National party turd Todd McLay advised Jacinda the other day ‘we have to know where we stand and who our friends are’ and the future is not American although he still thinks it is.

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed when his regime was overthrown and he was slaughtered. China has a chance to finish what he started, one industry expert has stated as the U.S. is unlikely to attempt the overthrow of Chinese Premier Xi Jinping as he is surrounded by a nuclear shield

A change in the default crude oil transactional currency – which for decades has been the “Petrodollar”, blessing the US with global reserve currency status – would have monumental consequences for capital allocations and trade flows.

Source: In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars | Zero Hedge