Tuesday, June 22, 2021

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WITCHCRAFT GOES MAINSTREAM AS DC-BASED ‘CITYWITCHES’ AIMS TO BRING THAT OL’ BLACK MAGIC TO YOUR TOWN

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by Geoffrey Grider, Now The End Begins:

mages of witches being veiled in darkness, casting spells over cauldrons endure, but a new generation of Wiccans and witches have established growing communities in D.C. and across the country.  Like other Wiccans and witches, Stephens has come “out of the broom closet” — a term that refers to publicly revealing one’s beliefs as a Wiccan or witch. They are fighting back against misinformation about Wiccans and witches.

TEIGHE THORSEN IS A 29-YEAR-OLD D.C. RESIDENT AND WITCH WHO COFOUNDED THE GROUP CITYWITCHES IN 2016.

“There shall not be found among you any one that maketh his son or his daughter to pass through the fire, or that useth divination, or an observer of times, or an enchanter, or a witch, Or a charmer, or a consulter with familiar spirits, or a wizard, or a necromancer. For all that do these things are an abomination unto the LORD: and because of these abominations the LORD thy God doth drive them out from before thee. Thou shalt be perfect with the LORD thy God.” Deuteronomy  18:10-13 (KJV)

EDITOR’S NOTE: Have you noticed that over the last few years, the fake news media has been running lots of “positive and uplifting” stories on the witch and wiccan communities? And just coincidentally, of course, they always seem to be right in time for Halloween. Gone are the pointy hats and wart-filled noses. Today’s witch is a ‘boss babe’ who is looking to ‘enhance her positivist’ by ‘connecting with the universe’. And if along the way she needs to cast a spell or two, what’s the harm? In every dispensation and in every age, God is against the black art of witchcraft in all its various forms. Today’s witch wants to put distance between themselves and the Devil, but that won’t work. The Devil is in the details.

To celebrate Samhain, a Wiccan festival that falls on the evening of Oct. 31, Washington, D.C. resident Elizabeth Stephens usually prepares a pot of jambalaya to honor her late grandmother and a plate of roast beef in memory of her parents. She marks the festival with witches and fellow Wiccans, who offer their own dishes as a part of the day’s feast. The table they set becomes patterned with platters that were the favorites of family members and friends.

As a part of the celebration, a black cloth is held above the heads of the attendees and cut with a knife through the center, representing an opening between the spirit and material worlds. After some time has passed, participants encourage the spirits to return to their realm and the cut in the cloth is sewn.

Images of witches being veiled in darkness, casting spells over cauldrons endure, but a new generation of Wiccans and witches have established growing communities in D.C. and across the country.

Like other Wiccans and witches, Stephens has come “out of the broom closet” — a term that refers to publicly revealing one’s beliefs as a Wiccan or witch. They are fighting back against misinformation about Wiccans and witches.

STEPHENS SAID SHE LOVES HALLOWEEN.

“It’s a celebration of the witch. You can have sexy witches, you can have scary witches, but it’s still a celebration of the witch. Even if the witch isn’t shown in a positive light,” said Stephens, a 37-year-old Wiccan who also practices witchcraft.

Teighe Thorsen is a 29-year-old D.C. resident and witch who cofounded the group CityWitches in 2016.

Thorsen said she created the group, which includes Wiccans, Pagans and other occultists, as “a place where the alternate outcasts of magic can actually come together and talk.”

“We’re getting a lot of youth, a lot of people generally under 30, although not always, who are trying to find somewhere in their life that they actually have power,” she said. “They’re trying to find it in something that is non-dogmatic and something that is just their own — mystical, different, badass and empowering.”

Since starting CityWitches, Thorsen said she has seen an increase in interest from those inspired by her magic, including the rituals she writes on her Instagram, and a rise in members on the group’s Facebook page.

On her Instagram, Thorsen posts pictures of and describes in detail her magical practices. In one photo, she set up candles around a pentagram, with tarot cards, amethyst crystals and feathers surrounding the shrine. She occasionally posts photos of herself that show her colorful hair and amulets of jade and lapis lazuli.

Witches have repeatedly captured Americans’ imaginations. “The Craft” and the “Harry Potter” series are all hits, along with television shows like “American Horror Story: Coven.” But the visibility can create problems with perceptions. “This Halloween version of witchcraft” has made people assume about what Thorsen’s practices are, she said.

“Those are fantastical interpretations of what a witch is, but there is a little bit of truth to it,” Thorsen said. “There are things that you can do to affect certain results around you that most people won’t pick up on but you know how to do it.”

ALL MAGIC INVOLVES COMPLETING CERTAIN THINGS, LIKE SPELLS, TO CREATE CERTAIN CONSEQUENCES THAT A WITCH WANTS, THORSEN SAID.

“It [magic] is a tool for personal development and empowerment as well as for changing your environment, for helping the people around you, and fear is never welcome. Fear is the antithesis of forward momentum,” Thorsen said. “What I practice in magic is fearlessness.”

Whereas witchcraft includes magical practices that can change from witch to witch, Wicca is a religion with a set structure, according to Penny Verin-Shapiro, a professor in the anthropology department at California State University, Fresno. Verin-Shapiro spoke to Wiccans and witches, studying their separate systems of beliefs, for her 2014 book “Central Valley Pagans.”

Verin-Shapiro found in her interviews with Wiccans and witches that many of them didn’t seem to fit into the religions that they followed previously and stumbled on something that made them want to convert. She said that the influx of information on the internet has contributed to more individuals identifying themselves within modern-day witchcraft and Wicca.

“It’s [the internet] made it a lot easier to find out information that was hidden before and to find a group, if you want to a group to work with or to learn from,” Verin-Shapiro said. “There’s just a whole lot more information out there now that is easily accessed.”

Along with the availability of information, a more accepting attitude toward other religions has allowed Wiccans and witches to be more vocal and visible with their beliefs, according to Verin-Shapiro.

“The general public has become more accepting that not everybody has to be Christian, that there are many ways to worship,” she said. “So it has become easier for some people to come out of the broom closet.”

Being “out of the broom closet” hasn’t always been an option.

For centuries, the word “witch” was associated with witch trials, including the famous Salem witch trials in the 17th century, which accused some of practicing and performing magic.

Witchcraft didn’t begin and end with the witch trials. From Caribbean Santería to Italian Stregheria to various voodoo practices in West Africa and Louisiana, witches have discovered methods to magic and medicine within themselves in the past and present.

Modern-day witches have created their own collection of magic practices, inspired by centuries of witchcraft from across the world, according to Laura, a 58-year-old Wiccan high priestess who asked News4 to withhold her last name because she does not want her children to be harassed because of her beliefs. She said she has considered herself a witch for more than 30 years.

Read More @ NowTheEndBegins.com

s Europe Repeating the 1930s?

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by Martin Armstrong, Armstrong Economics:

Europe is now replicating the 1930s and the mistakes it made with austerity back then as well outside of Germany. Of course, Merkel has imposed the German view of austerity based on their experience but has ignored the opposite experience of the rest of Europe that led to the 1931 Sovereign Debt Crisis and mass defaults.

It was the year of 1925 when then chancellor of the Exchequer, Winston Churchill, returned Britain to the gold standard. Britain was trying desperately to reestablish itself as the financial capital of the world as if nothing had taken place. Returning to the gold standard resulted in wages being forced down to compete with America.John Maynard Keynes at the time pleaded that this was madness. The pound was overvalued against the dollar by 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} trying to reestablish confidence in Britain but the net result crippled exports and unemployment began to rise and workers engaged in strikes for having wages reduced even though the pound was worth more officially.

Churchill acted in an effort to restore Britain but he was dead wrong. Keynes proved to be correct and this lesson has still been ignored by Europe today. The overvalued pound led to deflation and ultimately forced the economic collapse in 1931. The capital was fleeing Britain and bankers were pleading for austerity to retain bond values. The Labour government collapsed and a coalition national government was formed. They ignored the pleas of the bankers and abandoned the gold standard overnight. The pound fell from $4.85 to $3.40 against the dollar.

NEVERTHELESS, despite the dire forecasts of ultimate catastrophic consequences if Britain abandoned the gold standard, the economy held and began to recover. There was no revolution in the streets as predicted. The devaluation of the pound actually stimulated the economy and the austerity crowd proved to be completely wrong. Within just four years, the British industrial production had risen by 25{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and unemployment fell from 3 million to 2 million. It was this experience that provided the support for the economist George Warren (1874-1938) who convinced Roosevelt that austerity was wrong and devaluation would also kick-start the American Economy. None of Roosevelt’s Brains Trust was ever experienced in economics. Most were simply lawyers trying to get around the Constitution. They too argued for austerity as Merkel does today. However, Roosevelt looked at the events of 1925-1931 in Britain and listened to Warren. The dollar devaluation is what turned the economy around at that moment in time.

The USA share market began to recover from the depths of the Great Depression. History repeats, but I have stated it is like a Shakespeare play – the plot remains the same, but the actors change over hundreds of years. The lessons of history, therefore, repeat over and over again albeit by the same foolhardy reasoning.

Europe is trapped in similar orthodoxy to that of their prewar forebears. In Germany, they hold the firm belief that inflation is the greatest evil to inflict humankind. Yet the ECB has mastermind the greatest monetary expansion in history without success of stimulating anything. The policy of quantitative easing has been done only at the government level as taxes and tax enforcement has risen and thereby the people and consumption have been totally ignored for fear of inflation. This approach has created an economic nightmare that actually threatens to bankrupt the ECB. Unlike the US Federal Reserve which has the power to create elastic money, the ECB needs authority from government.

They do not flinch even when a quarter of high street shops close. They are like doctors laying the sick in the snow to see who will survive. Yet they hurl cash at friendly bankers and watch it vanish into the maws of directors and offshore speculators. And they dole out billions to prop up a euro of which they are not even members.

Read More @ ArmstrongEconomics.com

Harvey Weinstein attacked limo driver after two East European escorts failed to show up”

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by Alex Christoforou, The Duran:

“I drove Mr. Sex Pig.” Harvey was known as known as “le porc” (“the pig”) by locals in the South of France.

Now that the once powerful liberal left director (who was BFFs with Hillary and Bill Clinton and had every hollywood actor and actress kissing at his feet), has been fully taken down by an explosive New York Times article, the pile on exposing the sick things this “wonderful man” (as Michelle Obama once called him) did are surfacing from the pits of the hollywood swamp.

Weinstein’s limo driver Mickael Chemloul, 56, is opening about how the sex-crazed Weinstein was known as “le porc” (“the pig”) by locals in the South of France.

According to Chemloul, Weinstein had sex with a woman in the back of his car as she begged him: “Don’t hurt me.”

Weinstein then took the woman into a hotel and had intercourse with her while his pregnant wife slept in a nearby room!

Speaking at his Cannes apartment, Chemloul told The Sun how the 65 year old Weinstein:

  • REGULARLY picked up girls when he was at film and TV festivals in France;
  • WAS minutes from death after his gastric band failed at model Naomi Campbell’s birthday party;
  • TREMBLED with excitement whenever he saw a pretty woman;
  • ATTACKED Mickael while he was driving after two East European escorts failed to show up.

The Sun reports…

Mickael, Weinstein’s regular driver in the south of France from 2008 to 2013, said: “Weinstein was a terrible man to work for. Everyone knew him as le porc because of his size and because he sweated so much. When he came to Cannes we all knew what to expect.”

He recalled how the mogul once picked up a woman at a billionaire’s yacht party — while pregnant wife Georgina Chapman stayed behind at the Hotel du Cap-Eden-Roc.

He said: “She was a good-looking girl, around 25 to 30, who had clearly had a few drinks. This was a fairly familiar sight for me, but even I was shocked when I heard her say, ‘Don’t hurt me’ in the car.

“I turned and saw her with her head in his lap and him pulling her hair. I knew Georgina decided to stay in her room and miss the party because she was feeling tired.

“When we arrived, Harvey got out with the girl and headed for another room. He was with her until 5am and left her there to go back to Georgina.

“The worst of it was that Georgina phoned me at 4.30 while I was trying to catch some sleep in the car and asked me where Harvey was.

“I was in an awkward spot. All I could think of was he had gone for a meeting with some business friends. I felt forced to lie.

“I remember a night porter saying to me, ‘What is he doing coming in with a hooker when his wife is asleep upstairs?’

“When Harvey finally turned up he looked in a right state, sweating like a pig with his shirt out. ‘What did you tell my wife?’ he blurted. To be honest, he sickened me.”

Weinstein’s sexual antics get even more bizarre as his Mickael notes Weinstein fueled his libido with sugar before heading to orgies.

“He would have Viagra, chewing gum, Coca-Cola and loads of M&M’s sweet packs in the car. It gave him the energy to carry on the way he did.

“It was so stressful working for him – I was taking him to parties and I know he was going to orgies as well but I had to keep quiet.

Read More @ TheDuran.com

TYT-Linked Activist Attacks Trump Using Debunked Russian Hacking Narrative

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by Kenneth Whittle, Disobedient Media:

Earlier today, a protestor managed to breach security at the Capitol Building in D.C., yelling “Trump is treason” and throwing Russian flags as President Trump walked by the press gaggle, down the corridor located off of the second floor the Senate floor.

This instance appears to represent an instance where establishment media has gone beyond simply attempting to control the narrative, and instead physically intervene.

As reported by the Daily Caller, it is still unclear how the protestor, identified as Ryan Clayton, was able to make it into the press area, which requires valid press credentials in order to get past Capital security.

More interesting is that Clayton, a liberal activist and writer for the Huffington Post, is financed by The Young Turks, through their political action committee Wolf PAC.

Clayton has also been listed as the National Executive Director of Wolf PAC, being featured in a segment on The Young Turks. FEC records also indicate that Ryan Clayton received $77,550 in the 2014 election cycle and $80,246in the 2016 election cycle, for a total of $157,796 from Wolf PAC.

Wolf PAC was founded by Cenk Uygur, host of The Young Turks, with the mission of supporting a constitutional convention, in order to add an amendment to the Constitution to reform campaign finance laws.

According to FEC records, between 2013 and 2015, The Young Turks, LLC, donated $45,000 to Wolf PAC.FEC records further indicate that Kenan Turnacioglu, producer for “Ten Years of the Young Turks”, has also donated $12,750 to Wolf PAC between 2012 and 2015.

Read More @ DisobedientMedia.com

“It’s Out There” Wikileaks Shows Clintons Knew Uranium One Was Major Scandal in 2015

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by Cristina Laila, The Gateway Pundit:

Hillary Clinton likes to laugh off the Uranium One scandal as a ‘debunked’ right-wing conspiracy, however; internal emails show the Clinton camp was panicking as the conservative media revealed the dirty details of pay-to-play.

Wikileaks leaked a Podesta email dated 4/29/2015 with the subject line “It’s out there”. (screenshot below) The original email from Tony Carrk (Hillary’s research director) to Jennifer Palmieri (Hillary’s director of communications) and Brian Fallon (CNN hack and Hillary’s press secretary) linked to a Daily Caller article titled, “Firm Co-Founded By Hillary’s Campaign Chair Lobbies For Russia’s Uranium One”.

The Daily Caller article was then forwarded to then-campaign chairman John Podesta with an “FYI”.

Senate records show that The Podesta Group has lobbied the State Department on behalf of Uranium One — once in 2012, when Hillary Clinton was secretary of state, and once in 2015.

Uranium One paid The Podesta Group $40,000 to lobby the State Department, the Senate, the National Park Service and the National Security Council for “international mining projects,” according to a July 20, 2012 filing.

The Podesta Group which was founded by brothers Tony and John Podesta (although John Podesta hasn’t worked for the company in several years) was paid $40,000 by Uranium One to lobby the State Department, the Senate, the National Park Service and the National Security Council for “international mining projects,” according to a July 20, 2012 filing, Chuck Ross of the Daily Caller reported.

Podesta’s firm continued to make money lobbying for Uranium One in 2015, after Hillary Clinton already left the State Department.

Read More @ TheGatewayPundit.com

Putin to Western Elites: You Flunked!

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by Dmitry Orlov, Russia Insider:

Putin: “Instead of working together to deal a real blow to terrorism … some of our colleagues are doing everything they can to make the chaos permanent.”

By far the most popular article I ever published on this blog was titled Putin to Western Elites: Play-time is Over.

It came out almost exactly three years ago, after that year’s Valdai Club conference, and was based on the speech Putin gave at that conference.

It garnered close to 200,000 page hits—more than twice more than the next most popular one—because it pointed out something very significant: a sea change in international relations had occurred, heralding the end of America’s unipolar moment when it could dictate terms to the entire world.

Essentially, in that speech Putin signaled to Western elites that they were no longer qualified to play the game of international relations of today and had to go back to school for retraining. And now, three years later, Putin has issued them a final report card, giving them an F in every category: they have learned nothing.

The following excerpt from my article of three years ago details how the rules had changed:

Previously, the game of international politics was played as follows:

politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics;

in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out.

Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders.

There is still a chance to construct a new world order that will avoid a world war.

This new world order must of necessity include the United States—but can only do so on the same terms as everyone else: subject to international law and international agreements; refraining from all unilateral action; in full respect of the sovereignty of other nations.

Although Putin’s unfavorable appraisal applied to the West as a whole, much of his criticism was directed squarely at Washington, whose European “vassals” (his own term, uttered on another occasion) were “driven by fleeting political considerations and their desire to please—I will put it bluntly—their big brother in Washington.” 

Seated between Hamid Karzai, the former president of Afghanistan, and Jack Ma, the billionaire head of the Chinese giant Alibaba, Putin emphasized that the modern world is a mind-bogglingly intricate and complex place, full of unsolved problems and contradictions.

On the one hand, there are virtually medieval, tribal societies such as Afghanistan, with their own traditions of tribal democracy and not amenable to positive change from the outside (what Karzai termed “John Kerry’s democracy”); on the other, the ubiquity of the internet, of instantaneous global communications and rapid progress in areas such as robotics and machine learning, epitomized by Jack Ma, offered both dangers and opportunities. But Putin the stern taskmaster emphasized that:

“All disputes must be resolved in a civilised manner… We are firmly convinced that even the most complex knots… must be disentangled rather than cut.”

This requires intricate local knowledge, the capacity for patient diplomacy and a reputation for fair dealing—all of which Washington has either sacrificed on the bonfire of its own vanity, or has never had to begin with.

Read More @ Russia-Insider.com

Hillary Clinton and the DNC Funded Trump-Russia Dodgy Dossier – Report

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from Sputnik News:

The controversial and infamous Trump-Russia dossier that alleges US President Donald Trump is little more than a Kremlin puppet was in part funded by Hillary Clinton’s presidential campaign and the Democratic National Committee, the Washington Post has reported.

The dossier, which was compiled by the research firm Fusion GPS, was originally commissioned by unknown right-wing sources while Trump was making his bid for the Republican candidacy. When it became clear the iconic businessman would win the nomination in spite of establishment opposition, the Republican donors stepped aside — but someone else took their place.

According to the Post, the new donors were the Clinton campaign and the DNC. This was done through Washington lawyer Marc Elias and his law firm, Perkins Coie. The newspaper’s anonymous sources said the two organizations shared the cost, but they would not provide a specific dollar sum. None of the parties involved responded to requests for comment.

Kenneth Vogel, a New York Times reporter, claimed in a tweet that Elias told him “you (or your sources) are wrong” and “vigorously pushed back” on the story when Vogel himself tried to report on it. Elias himself has not commented on the latest report. Maggie Haberman, another New York Times correspondent, also appeared to condemn the delayed revelation, noting that people involved in funding the dossier “lied about it, and with sanctimony, for a year.”

usion GPS claims that the original purpose of the dossier was simply to discredit Trump by revealing negative information about his past business dealings. However, once the DNC and the Clinton campaign hired them, they retained former MI6 agent Christopher Steele, who worked undercover in Moscow for several years. Around the time Steele joined the project, the dossier had narrowed its focus to alleged ties between Trump and Moscow.

The stop-and-start dossier, which has been abandoned by its benefactors no less than three times, eventually grew to 35 pages.

Perkins Coie reported that the Clinton campaign paid them $5.6 million between June 2015 and the end of 2016, while the DNC paid them $3.6 million between November 2015 and the present day. It isn’t known how much of that money was passed on to Fusion GPS to work on the dossier.

Read More @ SputnikNews.com

John Rubino – Is the World Falling Apart?

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by Kerry Lutz, Financial Survival Network:

John Rubino notes that the world is falling apart…

According to him, countries are literally falling apart. These elections come up and either the local variant of Donald Trump is elected or wanna be countries are voting for more autonomy. It’s happening in Italy, Spain, Austria, and the Czech Republic. The Czechs elected their own Trump.

What’s the world to do?

Click HERE to listen

Read More @ FinancialSurvivalNetwork.com

Delingpole: Now 400 Scientific Papers in 2017 Say ‘Global Warming’ Is a Myth

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by James Delingpole, Breitbart:

When I reported earlier this year on the 58 scientific papers published in 2017 that say global warming is a myth the greenies’ heads exploded.

Since then, that figure has risen to 400 scientific papers.

Can you imagine the misery and consternation and horror this is going to cause in the corrupt, rancid, rent-seeking world of the Climate Industrial Complex?

I can. It will look something like this.

Just to be clear, so the greenies can’t bleat about being misrepresented, here is what these various papers say:

Modern temperatures, sea levels, and extreme weather events are neither unusual nor unprecedented.  Many regions of the Earth are cooler now than they have been for most of the last 10,000 years.

Natural factors such as the Sun (106 papers), multi-decadal oceanic-atmospheric oscillations such as the NAO, AMO/PDO, ENSO (37 papers), decadal-scale cloud cover variations, and internal variability in general have exerted a significant influence on weather and climate changes during both the past and present.  Detecting a clear anthropogenic forcing signal amidst the noise of unforced natural variability may therefore be difficult.

And current emissions-mitigation policies, especially related to the advocacy for renewables, are often costly, ineffective, and perhaps even harmful to the environment.  On the other hand, elevated CO2 and a warmer climate provide unheralded benefits to the biosphere (i.e., a greener planet and enhanced crop yields).

In other words, nobody is denying that climate changes, nobody is denying that the planet has warmed by 0.8 degrees C in the last 150 years, while only a handful deny that carbon dioxide (and other greenhouse gases) has the power to influence temperatures.

What they are saying in their different ways is that “global warming” – as in the big scare story that the planet is heating up at a catastrophic unprecedented rate because of man-made CO2 emissions – is bunk; or that the methods being used to combat the problem are bunk.

Here – courtesy of Kenneth Richard, who has waded through them all – are some examples of what they say.

It’s the sun, stupid! (106 papers stress solar influence on climate)

Li et al., 2017 

It has been widely suggested from both climate modeling and observation data that solar activity plays a key role in driving late Holocene climatic fluctuations by triggering global temperature variability and atmospheric dynamical circulation

Yndestad and Solheim, 2017

Periods with few sunspots are associated with low solar activity and cold climate periods. Periods with many sunspots are associated with high solar activity and warm climate periods.

Tejedor et al., 2017

The main driver of the large-scale character of the warm and cold episodes may be changes in the solar activity

Read More @ Breitbart.com

Mainstream media suddenly taking an interest in China’s planned Yuan denominated oil futures contract

by Kenneth Schortgen, The Daily Economist:

One of the most controversial news reports in the past few months has been the planned creation of a Yuan denominated oil futures contract, and its potential to be tied with gold through the Shanghai Gold Exchange.  And the lack of opacity coming directly from Beijing on this, especially with the virtual blackout of new policies leading up to China’s Communist Party Congress last week, has split many in the alternative media on whether this story is legitimate, or more of a conspiracy theory despite the fact it was published in both the Asia Nikkei, and the South China Morning Post.

But on Oct. 24 something interesting occurred that once again brings this potential sea-change and direct attack on the Petrodollar to light as a mainstream media source, ie… CNBC, published an article on this projected oil contract with a notation of it being sometime down the road backed or tied to gold.
 

China is looking to make a major move against the dollar’s global dominance, and it may come as early as this year. 

The new strategy is to enlist the energy markets’ help: Beijing may introduce a new way to price oil in coming months — but unlike the contracts based on the U.S. dollar that currently dominate global markets, this benchmark would use China’s own currency. If there’s widespread adoption, as the Chinese hope, then that will mark a step toward challenging the greenback’s status as the world’s most powerful currency. 

The plan is to price oil in yuan using a gold-backed futures contract in Shanghai, but the road will be long and arduous. 

“Game changer it is not — at least not yet,” said Gal Luft, co-director of the Institute for the Analysis of Global Security, a Washington based think tank focused on energy security. “But it is another indicator of the beginning of the glacial, and I emphasize the word glacial, decline of the dollar.”  – CNBC

In addition to CNBC this morning writing on this move, a U.S. hedge fund, Graticule Asset Management Asia, also speculated on the potential of this new oil contract.

Adam Levinson, of hedge fund manager Graticule Asset Management Asia, said China rolling out a yuan-denominated oil contract within the next two months will be a “wake up call” for investors who haven’t paid attention to the plans. 

The move toward creating a so-called “petro-yuan” will be a “huge story,” Levinson, the founder and chief investment officer of Singapore-based Graticule, said in a Bloomberg Television interview on Tuesday. 

Read More @ TheDailyEconomist.com