Sanctions Backfire?: “More Japanese tankers will transport Iranian Crude”

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The Iran sanctions served to galvanize the anti-USDollar movement. One source involved in the barter system design, at the fringe of the new SWIFT system, reported that the Iran sanctions did them a great favor, by bringing several newer nations to the planning room for integration in the new global trade transaction system.”  Jim Willie (1)

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Jim Willie interviewed: “Global Opposition to the U.S. Dollar Mounts”

 Best audio Interviews:
Jim Willie: “Global Opposition to the U.S. Dollar Mounts”
1-16-2012

Image : renjith krishnan / FreeDigitalPhotos.net (1)

CNL Editor’s Note:
Here is a brief introduction,

followed by the link to Jim Willie’s interview
by TekoaDaSilva from bullmarketthinking.com

  • 2007 – Brazil and China announced a swap facility to bypass the US Dollar in
    trade settlement
  • 2010 – Russia and China announced a swap facility to bypass the US Dollar in trade settlement
  • 2011 – Japan and China announced a swap facility to bypass the US Dollar in trade settlement
  • 2012 – India announced it will pay for Iranian oil in gold bullion

“The USDollar might not be attacked on several front with harsh assaults so much as it will be relegated into irrelevance, as the USDollar will be ignored and left to defend itself in the open fields where wolves and dragons roam wild.

…The numerous defiant gestures by China, Iran, Russia, India, and Japan paint the billboard in big bold letters. The workaround of the USDollar is moving fast apace….

What we are witnessing is the end of the Petro-Dollar in slow steps. Continue reading