Unprecedented: China to Pay for Oil Imports With Yuan in Major Blow to Dollar

Unprecedented: China to Pay for Oil Imports With Yuan in Major Blow to Dollar

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(ZHE) Just days after Beijing officially launched  Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the…

Rapper DMX Sentenced to One Year in Prison for Evading Theft

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(TMU Op-ed) This week, Earl Simmons, A.K.A DMX, was sentenced to a year in prison for tax fraud, a charge that he plead guilty to in November. U.S. Attorney Joon H. Kim, who is working the case, said in a statement that, “For years, Earl Simmons, the recording artist and performer known as DMX, made millions from his chart-topping…

Bitcoin Crash Rumors Swirl: “Chances Are Some Whales Know Something That Is Not Yet Public”

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The last several months have been an absolute bloodbath for Bitcoin, Ehtereum, Litecoin and hundreds of other cryptocurrency Alt Coins. Experts have provided a wide array of reasons for the crash including regulatory headwinds, market distrust and a correction resulting from a price rise in 2017 that was too big and came too fast. But…

Israeli Troops Shoot and Kill Unarmed Protesters, Over 1,000 Injured

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(MEE) — Israeli forces killed at least 16 Palestinians in the besieged Gaza Strip on Friday, according to authorities, as tens of thousands demonstrated across the occupied territories and Israel on “Land Day”. Land Day stems from 30 March 1976, when Israeli forces killed six Palestinian citizens of Israel during a protest against land confiscations. Palestinians have marked…

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