JUST IN: #BRICS China’s top energy importer tests the yuan-backed #oil futures contract trading market with success and now intends to challenge the petrodollar #AceFinanceDesk reports

#AFNews – 14/12/17: As one of the world’s top energy importers, China has successfully completed its fifth dry run in yuan-backed oil futures contract trading #AceFinanceDesk reports China about to knock out petrodollar by trading oil in yuan // RT Business News reports the step has been already called Beijing’s challenge to the US dollar […]

#Tehran Irans’ Tax Revenues FALL as PETRO $’s GROW by 333.2% as reported by FT as Tax Revenues fell by 1.6% in first quarter #AceFinanceDesk reports

#AFNews – 29/08/17: Tax Revenues Take Backseat to Petrodollars, Again as #Oil revenues grew by 333.2% and tax revenues fell by 1.6% in the first quarter of the current Iranian year (March 21-June 21) compared with last year’s corresponding period #AceFinanceDesk reports The Central Bank of Iran’s report published on its website added that the […]


#AceFinanceNews – Featured Post: Dec.27:I have written a lot about the impending crash of the US dollar from the change in the status of the ‘ petrodollar ‘ to the ‘ rise and rise ‘ BRICS Bank ‘ and Dave Hodges of D.C Clothes said it best with this post. As we race toward the […]

US Threatens Russia Over Petrodollar-Busting Deal


` Top Russian Officials push to Remove the `Petrodollar ' in Favour of other `BRICS' or Alternative Currencies '

#AceFinanceNews – Worldwide News – April 04 – (INS) – The existence of “petrodollars” is one of the pillars of America’s economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting. If a Japanese buyer want to buy a barrel of Saudi oil, he […]

The Beginning and the End of the Next Global Currency

A while ago in predicted the currency changes in the market to a number of my colleagues who then could not see the “Sign of the Times” but l was looking at a number of indicators. These were that the Chinese believe in keeping to customs and are steeped very much in the past ,so […]