You are viewing a single comment's thread from:

RE: BITCOIN VS. OIL

in #bitcoin7 years ago

The real reason for all the global actions and theatrical fake news around Qatar is that Qatar has decided to sell their oil denominated in the Chinese Yuan. The Global Agreements that the International Banker Cartel has been able extort in the past demanded that oil only be sold in US Federal Reserve Notes. The Petro-dollar was what gave the US Debt so much relative "strength." There is no Petro-CryptoCurrency. There will never be a real Petro-Cryptocurrency. Petroleum is absolutely dependent upon DEBT and the ability to create as much debt as needed. That said, a Petro-Cryptocurrency -indeed any crypto-currency- would bankrupt the Petro-Dollar for exposing the entire debt creation mechanism as a ponzi scheme.

The Petro-Yuan is very important as China and Russia are moving to a Gold backed currency and extricating themselves from the central banks tentacles. Shanghai recently opened up their own NON-FIAT gold Exchange in a bid to take away control of Gold Prices from the UK City of London Criminal Bankers.

US Congress Introduces Money Laundering Act Criminalizing Digital Currencies; Requiring the Reporting of all Digital Currencies and Cash to Local Banks, e.g. Steem