{"id":4601,"date":"2017-10-12T14:23:53","date_gmt":"2017-10-12T18:23:53","guid":{"rendered":"http:\/\/blog.silver-investor.com\/?p=4601"},"modified":"2018-06-10T10:52:28","modified_gmt":"2018-06-10T10:52:28","slug":"oilyuangold-benchmark-explained","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/oilyuangold-benchmark-explained\/","title":{"rendered":"Oil\/Yuan\/Gold Benchmark \u2013 Explained"},"content":{"rendered":"

What\u2019s happened is that America, very quickly, a lot more quickly than expected, has actually lost it\u2019s influence in the Middle East. That, to me, is a key part to this story.<\/p><\/blockquote>\n

And I think now what we have, instead of China turning \u2019round and saying \u201cwe can control the pace at which the change is occurring\u201d. What\u2019s happening is the people in Asia and places like the Middle East, will now be pushing for the change which China was planning to do anyway. ~Alasdair Macleod, The Daily Coin
\nFor those that have been following the Federal Reserve Note since President Nixon closed the gold window in August 1971, you fully understand the implications of a global monetary shift. Not only can such a change be disruptive to economies, it can create unintended consequences, like out of control inflation, oil\/gas shortages and shifts in global power.
\nWhat we see happening today, beginning in July 2017, is another shift of global power. The U.S. has been involved in a \u201cwar of words\u201d with Russia for the past two years and beginning in mid 2016 there was a major shift with the mainstream media, Clinton and Clinton supporters all crying \u201cRussia did it\u201d. What \u201cRussia did\u201d has changed a number of times, but the story has remained the same \u2013 \u201cRussia did it\u201d.
\nWhat happened in July 2017 when President Trump pulled the CIA out of Syria<\/a> was to end a secret program began by the Obama regime to over-throw Syrian President Assad.<\/p>\n

The program<\/a> was a central plank of a policy begun by the Obama administration in 2013 to put pressure on Assad to step aside, but even its backers have questioned its efficacy since Russia deployed forces in Syria two years later.
\nOfficials said the phasing out of the secret program reflects Trump\u2019s interest in finding ways to work with Russia, which saw the anti-Assad program as an assault on its interests. The shuttering of the program is also an acknowledgment of Washington\u2019s limited leverage and desire to remove Assad from power. Source<\/a><\/a><\/p><\/blockquote>\n

This marked the beginning of the end of American influence in the Middle East and over the oil fields of OPEC.
\nOn October 5 Saudi Arabia\u2019s King Salman met with Russian President Putin<\/a> in Moscow. The significants of this meeting can not be overstated. The shift in global power will be seen, through the eyes of history, as beginning during this meeting.<\/p>\n

Most recently, Russian operations in Syria have put it in direct conflict with Saudi interests. The Saudis remain opposed to Bashar al-Assad, whose regime is being supported by Russian military power. The gulf kingdom, on its part, is also believed to be funding rebel groups opposed to al-Assad.
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\n\u201cThe Saudis have lost interest and realise that Russia now owns the crisis,\u201d says Yuri Barmin, an expert at the Russian International Affairs Council. \u201cThey see how the balance of power is changing in the region: how the US is pulling out and how Russia is now increasing its influence in the Middle East.\u201d Source<\/p><\/blockquote>\n

The two scenarios above point to the same conclusion \u2013 Russia is moving into the Middle East with the blessing of Saudi Arabia as the U.S. is being sidelined.
\nOil makes the world go-round. Oil is the life blood of the global economy. Acquiring oil with gold sidesteps the Federal Reserve Note and the U.S. economy. If the U.S. is no longer the \u201cSuperpower\u201d over seeing the Middle East and supplying the Middle East with military protection then what good is the U.S. to the OPEC nations? If Russia steps in with the military supplies to support the OPEC nations and Russia\u2019s number one trading partner, China, is the largest importer of oil we begin to see a major shift of all power \u2013 economic and military.
\nAlasdair Macleod, Head of Research, GoldMoney<\/a>, provides us a fascinating, detailed review of the oil\/yuan\/gold benchmark story that has been evolving over the past six weeks. Alasdair reviews the two known contracts, \u2013 oil futures contract and physical gold futures contract \u2013 their origins and the possibilities of that lie ahead for the melding of these two contracts on the global monetary stage. A future that could very well prove to have oil settled in payments made with gold.
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