PetroYuan Proliferation: Russia, China To Settle "Holy Grail" Pipeline Sales In Renminbi

http://www.zerohedge.com/news/2015-06-17/petroyuan-proliferation-russia-china-settle-holy-grail-pipeline-sales-renminbi

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

The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port

This is where the real war is taking place:  the battle for reserve currency status.  China doesn't wish for the yuan to replace the dollar--such a dramatic shift would cause major dislocations in global financial markets.

But China does want to create a multi-polar currency world--one where the current reserve currency, the petrodollar--can no longer fund wars not in the best interests of China and its trading partners, to include Russia and Iran.

The implications of the dollar losing its hegemony privilege have been discussed many times.  America will no longer be able to fund its profligate spending from foreign buyers of its debt.  It will no longer be able to create dollars out of thin air, without severe consequences to the purchasing power of the dollar.

And we'll see rising prices across the board--not just in fuel, but EVERYTHING as energy sources are used to transport all tangible items in an economy.

http://www.zerohedge.com/news/2014-09-21/petroyuan-cometh-china-docks-navy-destroyer-irans-strait-hormuz-port

Rise of the PetroYuan

This author correctly assesses the rise of the petroyuan and the resultant decline of the petrodollar, but he doesn't expand on the net effects to US inflation--and the destruction of USDollar purchasing power. 

http://www.financialsense.com/contributors/dan-collins/rise-petro-yuan