Elections matter-----Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos | ZeroHedge

Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos | ZeroHedge - BY TYLER DURDEN

"Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold.

..."President Xi communicated his message on “renminbi invoicing” not during the first day of his visit – when he met only the Saudi leadership – but during the second day of his visit – when he met the leadership of all the GCC countries – to signal the following:

GCC oil flowing East + renminbi invoicing = the dawn of the petroyuan."...