Demand for oil outside the SWIFT system is skyrocketing

 There is much propaganda being used to fool the world that the demand for oil is slipping because China's economy is deteriorating or even collapsing. How true is that is analyzed by Kevin Walmsley on his site 'Inside China Business'. This is one site I would recommend to all having an interest in Global economic matters, with information culled from all over the world to support its writeup. Very informative, to the point, clearly narrated and no nonsense on issues.

China's demand for oil is not slipping as alleged by the West and its manufacturing is not contracting. China's import of oil is now largely outside the monitoring of the USA and the West. Thus, with their own fertile imagination they are now assuming that the world demand for oil is moving downwards, taking into account only what they can monitor. The other part of the equation which China is dealing with within BRICS is outside the eyeballs of the USA due to the oil trading being done outside the US$. As an example, China is importing more oil than ever from Iran and the trade being done in Yuan, or even through barter. Therefore, for the West to assume that oil demand worldwide is faltering because of China is disinformation to carry an agenda.

This is the situation evolving today within BRICS, where countries doing trade in commodities, not just oil, do not have to go through Western Banks using the US$ and is therefore beyond the control of the West to monitor. Juvenile Trump, despite his spoilt brat tantrum, probably has a little bit of sense to fear the result of a de-dollarization tsunami if he is elected. The Chinese have the saying -'Smart in a moment, but stupid for life'. That is why he is threatening those countries joining de-dollarization, which means joining BRICS. He will not succeed.

Anonymous