Another ominous trend that threatens the U.S.-based,
free-trading oil markets and dollar hegemony is the emergence
of rival resource-based market exchanges denominated
in currencies other than the dollar.
Various states like Russia, Iran, and Venezuela are seeking
to price oil in currencies other than the dollar.
These leading oil producers have already taken steps,
beginning with their central banks, to diversify out of
their dollar reserves.
These steps are being taken to mitigate losses of a sharp
fiat-dollar decline or collapse.
The second stage of this developing trend is the preparatory
steps that are now being taken to launch new regional
bourses for trading in oil.
In addition to oil, Russia is also considering adding trading
in strategic metals.
In preparation for a new bourse, Russia took steps last year
to make the ruble convertible..
this is true, startup, juniors, mid cap, and blues do recover from corretions.
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