{"id":47892,"date":"2018-04-03T15:00:15","date_gmt":"2018-04-03T23:00:15","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=47892"},"modified":"2018-04-06T14:06:29","modified_gmt":"2018-04-06T22:06:29","slug":"is-the-petro-yuan-signalling-the-death-of-the-dollar","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/is-the-petro-yuan-signalling-the-death-of-the-dollar\/","title":{"rendered":"‘Is the Petro-Yuan signalling the death of the Dollar?’"},"content":{"rendered":"

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<\/em><\/p>\n

COGwriter<\/a><\/p>\n

Consider the following:<\/p>\n

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Is the Petro-Yuan signalling the death of the Dollar?<\/h2>\n

April 3, 2018<\/p>\n

While the dollar has served as a powerhouse within the oil market, the Yuan is positioned to succeed it. According to Al Jazeera, China\u2019s appetite and need for crude are increasing annually. With 9 million barrels needed daily, being capable of paying in Yuan instead of the dollar.<\/p>\n

The balance of power in the oil market is rapidly turning east with this and recent collaborations. Previous co-operation\u00a0between Russia and Saudi Arabia alongside China\u2019s push for yuan-denominated futures. These changes will change the geopolitical landscape within the Middle East and Chinese economic pre-eminence.<\/p>\n

Is Petro-Yuan rising above the Dollar?<\/h3>\n

In using its currency for futures, China is directly challenging the established markets<\/a>. The likes of WTI and Brent Crude are dollar based indexes that have held the market for decades. But China still has a distance to cover before taking on the petrodollar, according to Al-Jazeera<\/strong>. https:\/\/gooruf.com\/uk\/news\/2018\/04\/03\/petro-yuan-signalling-death-dollar\/<\/a><\/p><\/blockquote>\n

So, the ‘petro-yuan’ has been introduced, the introduction looks like a financial success, it is intended to increase the acceptance of the Chinese yuan, and thus also decrease the need to use US dollars in international trade.<\/p>\n

Notice the following machine-translation of a German article (the original in German is shown below):<\/p>\n

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Trade wars, Petro-Yuan, Debt – Gold $ 32,000 \/ Silver $ 500<\/span><\/h2>\n

3 April 2018<\/p>\n

For a long time now, US debt has gotten out of hand: federal, state, corporate, private, mortgage and auto loans, and so on and so forth – they are all exponential.<\/span> In addition, there will be US budget deficits, which will be in the trillions of dollars for the foreseeable future, plus a trade deficit of $ 600 billion in 2017,<\/span> …<\/p>\n

It is certainly no coincidence that this trade war started shortly before the introduction of the yuan oil trade.<\/span> Ultimately, all of this will lead to the fall of the dollar, a massive shift in power from west to east and significantly higher gold prices.<\/span><\/p>\n

The fact that the Silk Road countries bought large quantities of gold in this century is not surprising either.<\/span> …<\/span><\/p>\n

The US blames everyone else<\/strong><\/span><\/p>\n

The whole world lives beyond their means, but the US is the worst culprit.<\/span> So what will the US do about it?<\/span> Adjust spending and reconcile with revenue – not at all.<\/span> That would be too simple.<\/span> Instead, you accuse the whole world: The mistakes made by the others and they should be punished.<\/span> That’s exactly what Trump is doing right now.<\/span><\/p>\n

Handelskriege, Petro-Yuan, Schulden – Gold 32.000 $ \/ Silber 500 $<\/h2>\n

Seit langer Zeit l\u00e4uft die Verschuldung der USA aus dem Ruder: Schulden des Bundes, der Bundesstaaten, der Unternehmen, der Privaten, Hypotheken- und Autokredite, und so weiter und so fort – sie alle ufern exponentiell aus. Hinzu kommen US-Haushaltsdefizite, die sich auf absehbare Zeit im Billionen-$-Bereich bewegen werden, obendrein ein Handelsdefizit von 600 Mrd. $ f\u00fcr 2017, …<\/p>\n

All das sind verzweifelte Ma\u00dfnahmen eines Landes, das im endg\u00fcltigen Niedergang steckt. Es ist sicherlich auch kein Zufall, dass dieser Handelskrieg kurz vor der Einf\u00fchrung des \u00d6lhandels in Yuan begonnen wurde. Im Endeffekt wird all das zum Niedergang des Dollars, zu einer gewaltigen Machtverschiebung von Westen nach Osten und zu deutlich h\u00f6heren Goldpreisen f\u00fchren.<\/p>\n

Dass die Seidenstra\u00dfe-L\u00e4nder in diesem Jahrhundert gro\u00dfe Mengen Gold gekauft haben, \u00fcberrascht ebenfalls nicht. …<\/p>\n

Die USA beschuldigen alle anderen<\/strong><\/p>\n

Die ganze Welt lebt \u00fcber ihre Verh\u00e4ltnisse, doch die USA sind der schlimmste \u00dcbelt\u00e4ter. Was werden die USA also dagegen unternehmen? Die Ausgaben anpassen und mit den Einnahmen in Einklang bringen – keinesfalls. Das w\u00e4re allzu simpel. Stattdessen beschuldigt man die ganze Welt: Die Fehler haben die anderen gemacht und daf\u00fcr sollen sie bestraft werden. Genau das macht Trump gerade. https:\/\/www.goldseiten.de\/artikel\/370676–Handelskriege-Petro-Yuan-Schulden—Gold-32.000–~-Silber-500-.html?seite=1<\/a><\/p><\/blockquote>\n

So, notice that US debt, Donald Trump, gold, and trade issues are being brought up. And that China is believed to be taking some of its steps because of Donald Trump and his trade comments.<\/p>\n

As regular readers of this COGwriter Church of God News page realized, there are many who want to dethrone the USA dollar. The ‘petro-yuan’ is part of the plan to do that (watch also US Dollar being challenged by Gold-Petro-Yuan<\/a>). While, of itself, the petro-yuan will not do that, it is one more thing chipping away at the USA dollar–with the massive deficits of the USA being, prophetically, a larger problem for the USA (cf. Habakkuk 2:6-8).<\/p>\n

In case you have any doubts about Chinese intentions, notice the following:<\/p>\n

Just days after initiating its ‘petroyuan’ futures contract<\/a>, and hours after an unprecedented announcement that China will pay for oil in yuan<\/a>, The Global Times,<\/a> the unofficial mouthpiece of the Chinese government, printed a remarkable story from ‘one of its editors’ highlighting the ‘petroyuan’ and its potential to topple the US Dollar as global reserve currency. …
\n<\/strong><\/em><\/p>\n

The evident enthusiasm for the new yuan-denominated crude contracts in the past few days will have pleased the Shanghai International Energy Exchange (INE) and China’s regulators. They aim to establish a third global crude benchmark in the country.<\/strong> …<\/p>\n

The widespread pricing and trading of crude oil in the yuan, or the “petroyuan,” is likely to shake people’s confidence in the US dollar, and theoretically back up the value of China’s yuan in the global market place. <\/strong><\/em><\/u><\/p>\n

One clear objective for China’s regulators is to seek ways to internationalize its currency<\/strong> to boost its own economic prominence and reduce its longstanding reliance on the dollar.<\/p>\n

As the world’s largest crude oil importer, China would naturally benefit from using its own currency<\/strong> over that of an economic rival and strategic competitor.<\/p>\n

At the same time, China’s\u00a0Belt and Road<\/a>\u00a0initiative, which seeks to create trade networks across the Eurasian continent, the Middle East and Africa<\/strong>, will almost certainly invigorate the yuan’s march toward wider usage and the currency’s globalization.<\/p>\n

However, the dollar will not cede its present dominance in oil markets any time soon. <\/strong>Instead, China is likely to build confidence in the yuan gradually, through steady measures of reform and opening-up, more robust economic growth, proactive foreign engagement and liberalization of its monetary policy. https:\/\/www.zerohedge.com\/news\/2018-04-01\/chinas-unofficial-mouthpiece-proclaims-petroyuan-propel-currency<\/a><\/p><\/blockquote>\n

The Bible teaches that in the end time, the highly indebted nation will be taken over (Habakkuk 2:2-8)–no nation is more indebted than the USA–and on a per capita basis, the UK is one of the most indebted. They will be taken over and conquered during the Great Tribulation (Matthew 24:21; Daniel 11:39; watch also Do these 7 prophesies point to the end of the USA?<\/a>).<\/p>\n

We are getting closer to the start of the Great Tribulation (see also When Will the Great Tribulation Begin?<\/a>) and final time of the Gentiles<\/a> that Jesus spoke of (Matthew 24:21; Luke 21:24).<\/p>\n

US President Donald Trump will not be able to stop it–though as I wrote when he was elected, the Great Tribulation will NOT start during his first term. But he has impacted many things that will help lead to it.<\/p>\n

Gentile nations, and not just China, are taking steps that the Anglo-American nations will one day regret.<\/p>\n

Some items of possibly related interest may include:<\/em><\/a><\/p>\n

US Dollar being challenged by Gold-Petro-Yuan <\/a> The US dollar has been the world\u2019s primary reserve currency for decades. Is this about to change? What is going on with the Chinese yuan and oil and gold? What do the BRICS nations want? What did Venezuela do? Do the Europeans want to dislodge the US dollar as the world\u2019s primary reserve currency? Does US debt play any role? Does the Bible tell us what will happen to the USA and its dollar? What happens if the USA loses its status? Will gold outlast the US dollar? Dr. Thiel addresses those issues and more in this video.
\nGentile Cryptocurrency Proposal <\/a> Two Russian leaders have called for a BRICS-wide and\/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
\nIran in Prophecy<\/a> Is Iran in Bible prophecy? If so, what does the Bible teach? What names, other than Persia, may be used to describe Iran? There is also a related YouTube video titled Iran In Prophecy<\/span><\/a>.
\n<\/span>The End of US Dollar Dominance<\/a> Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan<\/a>.
\nUSA in Prophecy: The Strongest Fortresses<\/a> Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does.<\/span> A related sermon is titled: Do these 7 prophesies point to the end of the USA?<\/a>
\nWho is the King of the West?<\/a> Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: \u00bfQui\u00e9n es el Rey del Occidente? \u00bfPor qu\u00e9 no hay un Rey del Occidente en la profec\u00eda del tiempo del fin?<\/a>
\nAnglo – America in Prophecy & the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-Am\u00e9rica & las Tribus Perdidas de Israel<\/a>. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter?<\/a><\/span> and British are the Covenant People<\/span><\/a>. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?<\/a>
\nWill the Anglo-Saxon Nations be Divided and Have People Taken as Slaves?<\/a> Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? <\/a> Here is a related item in the Spanish language \u00bfSer\u00e1n divididas las naciones anglosajonas?<\/a>
\nBritish are the Covenant People <\/a> What do \u2018British\u2019 and \u2018Britain\u2019 mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
\nThe Times of the Gentiles<\/a> Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles<\/a>.<\/span>
\nEuropa, the Beast, and Revelation<\/a> Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about \u201cthe Beast\u201d? Is an emerging European power \u201cthe daughter of Babylon\u201d? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?<\/a>
\nEuropean Technology and the Beast of Revelation<\/a> Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation<\/a>.
\nMust the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations?<\/a> Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation<\/a>.
\nWTO\/TTIP and the Babylonian Beast<\/a> Will international trade agreements like WTO\/TTIP\/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power<\/a>.
\nSpiritual Samaritans: Old and New<\/a> Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria<\/a><\/a>.
\nChina, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters<\/a> Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: \u00bfPrueban los caracteres chinos la exactitud de la Biblia?<\/a>
\nChina, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China<\/a> When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
\n Asia in Prophecy<\/a> What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?<\/a>
\nThe Eurasian Union, the Kings of the East, and Bible Prophecy<\/a> Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?<\/a>
\nRussia and Ukraine: Their Origins and Prophesied Future<\/a> Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy <\/span><\/a>and a video sermonette available: Ukraine in Prophecy?<\/a>
\nIs Russia the King of the North?<\/a> Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North? <\/a>
\nEzekiel 38: For Russia & Iran in Our Day?<\/a> Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now?<\/a> Another could be Russia, Iran, Syria, & the Bible (Code)<\/a>.
\nDonald Trump in Prophecy<\/a> Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic?<\/a> and Donald Trump’s Prophetic Presidency<\/a>.
\nTrump Presidency Magic 8 Ball or Bible Prophecy?<\/a> BBC<\/em> reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
\nDonald Trump and America\u2019s Apocalypse<\/a> This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America\u2019s Apocalypse<\/a>.
\nDonald Trump and America\u2019s Apocalypse-Kindle Edition<\/a> This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon \u0019s Free<\/strong> Reader Apps<\/a>. After you go to for your free Kindle reader and then go to Donald Trump and America\u2019s Apocalypse-Kindle Edition<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

COGwriter Consider the following: Is the Petro-Yuan signalling the death of the Dollar? April 3, 2018 While the dollar has served as a powerhouse within the oil market, the Yuan is positioned to succeed it. According to Al Jazeera, China\u2019s appetite and need for crude are increasing annually. With 9 million barrels needed daily, being […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47892","post","type-post","status-publish","format-standard","hentry","category-prophecy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t