The imminent introduction of oil trading in yuan is a very bold move by the Chinese, because the US will not give up the basis of its hegemony – the dollar as the world’s reserve currency – without a fight, Max Keiser, host of RT’s financial program ‘Keiser Report' says. The Chinese plan to roll out a yuan-denominated oil contract before the end of this year is a very brave move, since countries who “ tried to exit the oil-dollar matrix have met terrible ends, ” Keiser pointed out. “ Saddam Hussein wanted to trade oil in Euros and he was killed, Muammar Gaddafi wanted to trade his energy in something other than the US dollar – he was killed, ” Keiser said. China, however, has the resolve and the resources to pull-off the de-dollarization, and besides, it’s backed by several major countries which are “ resistant to America’s financial cartel, ” namely Russia and Iran, Keiser says. “ Kudos to China for taking this project on and of course they are ...