Saturday, March 22, 2014

Petrodollar alert

In case you missed it, ZeroHedge caught the announcement of a non-dollar-denominated energy deal between Russia and China:

Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China

China will sell US Treasuries to buy Russian oil, and Russia will stop borrowing from Western banks, is the general idea.

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