India Begins Paying For Iranian Oil In Rupees

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India Begins Paying For Iranian Oil In Rupees

Postby ብልሀት » Wed Jan 09, 2019 7:44 am

Quote:

... India had discussed ditching the U.S. dollar in its trading of oil with Russia, Venezuela, and Iran, instead settling the trade either in Indian rupees or under a barter agreement.

https://iranian.com/2019/01/09/india-pa ... in-rupees/
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Re: India Begins Paying For Iranian Oil In Rupees

Postby ብልሀት » Wed Jan 09, 2019 7:57 am

ብልሀት wrote:Quote:

... India had discussed ditching the U.S. dollar in its trading of oil with Russia, Venezuela, and Iran, instead settling the trade either in Indian rupees or under a barter agreement.

https://iranian.com/2019/01/09/india-pa ... in-rupees/


Actually that should be the normal case. When you trade with another country you use your own currency to buy things from it. The country could then use your currency that it got by selling things to you to buy things from you. And you allow your trade partner to do the same.
But that was not the normal case till now thanks to,

1. the Bretton Woods conference from 1944 and

2. the Petro-dollar agreement between USA and Saudi Arabia in 1973.
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Re: India Begins Paying For Iranian Oil In Rupees

Postby ብልሀት » Wed Jan 09, 2019 10:39 pm

ብልሀት wrote:
ብልሀት wrote:Quote:

... India had discussed ditching the U.S. dollar in its trading of oil with Russia, Venezuela, and Iran, instead settling the trade either in Indian rupees or under a barter agreement.

https://iranian.com/2019/01/09/india-pa ... in-rupees/


Actually that should be the normal case. When you trade with another country you use your own currency to buy things from it. The country could then use your currency that it got by selling things to you to buy things from you. And you allow your trade partner to do the same.
But that was not the normal case till now thanks to,

1. the Bretton Woods conference from 1944 and

2. the Petro-dollar agreement between USA and Saudi Arabia in 1973.


USA is in the process of losing the global reserve currency status of its USD. :(

These are really interesting times. ;)

That would mean the end of the Western era.

The Western era was started,

1. by black capital or capital accumulated through black labor and

2. by black invention


Of course that is not what you hear in the West, because white history-telling (Euro-centric worldview) is about lies and deception.

Image

Image


For example most European music instruments were copied from Africans. The whites invented no music instrument of significance. Most of all, all their great architectures are copies from the Ancient Egyptians. The last two thousand years or so whites could not invent anything of significance in architecture. In Greece, Rome, Britain and Washington DC, what you see is architecture invented by the Ancient Egyptians thousands of years ago.


The black original
Image

The white copy
Image

Black Original
Image

White Copy
Image

Indications that music instruments did not exist in Europe say prior to the 11th century,

1. the great european musicians showed up in later centuries.

Wolfgang Amadeus Mozart (1756-1791)
Ludwig van Beethoven (1770-1827)


2. no orchestras existed in Europe prior to the era of the "European traveller".

" In the 11th century the first orchestras were made up of small group musicians performing for festivals, but the true modern orchestras didn't start until the late 16th(!) century. "

That there were no musicians and orchestras in Europe in the 10th, 9th, 5th etc centuries only means that there were no music instruments in Europe in those times. They had yet to be copied by the "European traveller" from other races in later centuries using drawings.
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Re: India Begins Paying For Iranian Oil In Rupees

Postby ብልሀት » Sat Jan 12, 2019 6:25 pm

A gigantic event happened and no one is reporting it ?!

If true, this is a gigantic development !

Quote:

Saudi Arabia has started to accept the yuan for its oil.

ብልሀት wrote:
ብልሀት wrote:Quote:

... India had discussed ditching the U.S. dollar in its trading of oil with Russia, Venezuela, and Iran, instead settling the trade either in Indian rupees or under a barter agreement.

https://iranian.com/2019/01/09/india-pa ... in-rupees/


Actually that should be the normal case. When you trade with another country you use your own currency to buy things from it. The country could then use your currency that it got by selling things to you to buy things from you. And you allow your trade partner to do the same.
But that was not the normal case till now thanks to,

1. the Bretton Woods conference from 1944 and

2. the Petro-dollar agreement between USA and Saudi Arabia in 1973.
POWER TO THE PEOPLE !!!
ብልሀት
ዋና ኮትኳች
ዋና ኮትኳች
 
Posts: 798
Joined: Fri Apr 28, 2006 7:48 pm
Location: Kenya


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