The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

The end of the petrodollar is arriving fast.  What that means to US consumers is to start stacking precious metals and Chinese yuan--or store barrels of crude oil in your garage.  I'm pretty sure the latter option is illegal and unsafe.

http://www.zerohedge.com/news/2015-06-09/petroyuan-born-gazprom-now-settling-all-crude-sales-china-renminbi

Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan Or Rubles

http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

Russia's Gazprom reduces gas to Ukraine after deadline passes

Natural gas prices in Europe are spiking specifically, while energy prices will rise globally.

http://uk.reuters.com/article/2014/06/16/uk-ukraine-crisis-gas-deadline-idUKKBN0ER0MJ20140616

Gazprom signs agreements to switch from dollars to euros

http://en.itar-tass.com/economy/735083

90% Of Gazprom Clients Have "De-Dollarized", Will Transact In Euro & Renminbi

The US is tightening the noose on its own neck with every economic sanction against Russia, because it is accelerating the decline of the USDollar as the global reserve currency.  Obama and Congress don't understand the boomerang effects of a globally-linked financial and trade system.  But then again, neither do our top economists and bankers.

http://www.zerohedge.com/news/2014-06-07/90-gazprom-clients-have-de-dollarized-will-transact-euro-renminbi

And The First Thing Ukraine Will Buy With IMF Money Is...

So the IMF will bail out Ukraine with $17 billion, which will be used to pay off their debts to Russia's energy companies--and to buy gold with.

Putin checkmates NATO and the US.

http://www.zerohedge.com/news/2014-05-06/and-first-thing-ukraine-will-buy-imf-money

IMF Approves Loan (To Pay Ukraine's Gazprom Bill): Putin 1 - 0 IMF

As long as Russia continues to supply Russia and Asia with energy, Putin holds all the cards.

http://www.zerohedge.com/news/2014-04-30/imf-approves-loan-pay-ukraines-gazprom-bill

US Pays Half Of Gazprom's Overdue Invoice With $1 Billion Ukraine Loan Guarantee

By helping Ukraine with a $1 billion loan guarantee, US taxpayers just paid off Ukraine's gas bill to Gazprom, Russia's largest gas exporter.

And people wonder why Putin is playing chess while his counterparts in the West are playing checkers.

http://www.zerohedge.com/news/2014-04-14/us-treasury-pays-half-gazproms-overdue-bill-1-billion-ukraine-loan-guarantee