Join John Adams, world renowned Intl Matchmaker, Monday nights 8:30 EST for Live Webcasts!
And check out Five Reasons why you should attend a FREE AFA Seminar! See locations and dates here.



View Active Topics       View Your Posts       Latest 100 Topics       FAQ Topics       Mobile Friendly Theme


China Ready To Crush The US Dollar

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

Moderators: fschmidt, jamesbond

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

China Ready To Crush The US Dollar

Post by Taco » September 21st, 2017, 10:59 pm

China will start trading oil in Yuan on the Shanghai Energy Exchange in mid October bypassing the US dollar. In a similar move, Venezuela has just started to publish oil prices in Yuan signaling a move away from using the US dollar in oil trading. I expect Iran and Russia to do the same soon.

This is not a small problem. A coming trade war and military war between the US and China is in the cards. All the US dollars around the world will start coming home soon because countries trading oil in Yuan will have no use for them. Massive inflation will be the result.

China sets sights on oil benchmark after years of delays
https://www.cnbc.com/2017/07/11/reuters ... elays.html

China ready to crush the petrodollar
http://www.thedailyeconomist.com/2017/0 ... r-and.html

Venezuela publishes oil prices in yuan for the first time
http://www.businessinsider.com/venezuel ... uan-2017-9

The ugliest chart in the world is about to get uglier...

Image
“Every time a President leaves the White House after two terms, there is a recession within the next year"




Check out our Dating Sites and International Romance Tours!



MrMan
Veteran Poster
Posts: 2631
Joined: July 31st, 2014, 3:52 am

Re: China Ready To Crush The US Dollar

Post by MrMan » September 22nd, 2017, 5:45 am

Several years ago, a finance professor who used to meet with Bernanke from time to time was concerned that China had so much in US dollars (T-Bills and such) and that they could tank the US economy, but since much of their savings were invested in dollars, they'd lose a lot of their savings. China is divided into different government units, but I wonder if there was a plan to save US dollars, build up the economy, and work out a way to dump them to crush the US economy, even if they take a bit of a hit themselves.

I remember John Paul Jackson prophesying something about a Russia pipeline to remove the US from interference in terms of oil, something along those lines. This reminds me of that.

https://www.reuters.com/article/us-chin ... SKBN18819I

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » September 22nd, 2017, 6:27 am

MrMan wrote:Several years ago, a finance professor who used to meet with Bernanke from time to time was concerned that China had so much in US dollars (T-Bills and such) and that they could tank the US economy, but since much of their savings were invested in dollars, they'd lose a lot of their savings. China is divided into different government units, but I wonder if there was a plan to save US dollars, build up the economy, and work out a way to dump them to crush the US economy, even if they take a bit of a hit themselves.

I remember John Paul Jackson prophesying something about a Russia pipeline to remove the US from interference in terms of oil, something along those lines. This reminds me of that.

https://www.reuters.com/article/us-chin ... SKBN18819I
Its my understanding the US owes China around $2 trillion (trade deficit) and will never be able to pay it back. At some point I expect China will say enough is enough and take their billions of dollars and dump them on the currency market. If there's no one willing to buy them you could see the dollar crash instantly. China doesn't need the US for anything, they even have plans to build their own internet.
“Every time a President leaves the White House after two terms, there is a recession within the next year"

User avatar
Yohan
Elite Upper Class Poster
Posts: 3068
Joined: April 3rd, 2014, 6:05 am
Location: Tokyo, JAPAN
Contact:

Re: China Ready To Crush The US Dollar

Post by Yohan » September 22nd, 2017, 7:18 am

China is a communist-orientated country, its income per person is fairly low, something around the level of Thailand, GNI per capita, including purchasing parity is around USD 15.000,- and in USA it is 58.000,-.

I see plenty of Chinese buying land in USA, but China does not even allow anybody - including its own Chinese citizens - to buy any land in China.

If USA is doing something and is willing to move out more and more of its production plants from China back to USA or elsewhere, it will send many thousands of Chinese workers jobless into the streets.

About the money itself, it's not a free currency, the exchange rate is regulated by the state, ordinary Chinese citizens cannot change their local currency into foreign currency as they like, there are limits and these limits can be changed anytime even down to 'Zero', just as it pleases the Chinese government.

Many countries keep a strong visa-restriction policy regarding Chinese citizens. There are only a few countries which welcome Chinese tourists visafree for good reason, as many turn out as nothing but illegal workers.

Extensive censorship within China about everything which might be not seen in a positive aspect by the Chinese government should also be mentioned.
Plenty of data delivered by the Chinese government about its economy turned out to be nothing but a fake.

MrMan
Veteran Poster
Posts: 2631
Joined: July 31st, 2014, 3:52 am

Re: China Ready To Crush The US Dollar

Post by MrMan » September 22nd, 2017, 7:38 am

I was in China for several days last year for a job interview. The English news show I saw was very positive, instead of depressing like in the US. The news was about how the government was instituting great new initiatives that would make people's lives better.

HouseMD
Experienced Poster
Posts: 1578
Joined: February 14th, 2012, 3:20 am
Location: Buried Under a Pile of Books

Re: China Ready To Crush The US Dollar

Post by HouseMD » September 26th, 2017, 1:02 am

The trouble is, well, for one, oil isn't nearly as big of a commodity as it used to be. People who make claims of the importance of the petrodollar are idiots that don't understand just how meaningless selling and buying oil in dollars is. Next up, China's economy is on very uneasy footing right now, with growth staggeringly short of their goals and at a precipice of collapse should they ease too much one way or another. Devaluing one of their greatest value stores (and one of the very investments that ensures the value of their currency, as the Chinese Yuan is functionally backed by the faith of their US dollar reserves) would likely result on great instability. Finally, oil is not a very valuable currency at the moment- few would be willing to give up a good that they're making very little on for a currency that has questionable long-term stability.

Tacopocalypse 2017 is rapidly evaporating, the Taco failure counter is soon to gather another hatch mark...

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » November 1st, 2017, 3:35 am

“Every time a President leaves the White House after two terms, there is a recession within the next year"

MrMan
Veteran Poster
Posts: 2631
Joined: July 31st, 2014, 3:52 am

Re: China Ready To Crush The US Dollar

Post by MrMan » November 1st, 2017, 4:36 am

That's an interesting clip. It appears to be on that English language Russian TV channel, so it is a different perspective. It sounds a bit like a conspiracy theory to my American ears to hear that Sadam Hussein and Qadalfi were removed because they wanted to trade oil in something other than dollars.

Btw, I recall a man named John Paul Jackson prophetically predicting this deal many years ago.

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » November 10th, 2017, 3:25 am

China will launch its petro-yuan in less than 60 days which will crash the US dollar and the US markets instantly. Banks around the world will be closed. Consider yourself warned...

China's launch of 'petro-yuan' in two months sounds death knell for dollar's dominance
https://www.rt.com/business/407704-chin ... -contract/

China Introduces Gold-Backed ‘Petro-Yuan’ To Destroy US Petrodollar
http://www.theaegisalliance.com/home2/t ... trodollar/

I found this podcast to be very informative...

Everybody With Paper Loses: There’s Not Enough Liquidity And The BANKS WILL CLOSE
https://www.silverdoctors.com/gold/gold ... ill-close/

Even rich people are panicking...

The Rich Panicking?
http://www.zerohedge.com/news/2017-11-0 ... -panicking
“Every time a President leaves the White House after two terms, there is a recession within the next year"

User avatar
Winston
Site Admin
Posts: 27593
Joined: August 18th, 2007, 2:16 pm
Contact:

Re: China Ready To Crush The US Dollar

Post by Winston » November 10th, 2017, 10:49 am

How can a communist country crush the US? Didn't communism fail? Why didnt China collapse the same way the soviet union did?
Check out my FUN video clips in Russia and Female Encounters of the Foreign Kind video series and Full Russia Trip Videos!

Join my Ukrainian/Russian Women Dating Site to meet thousands of legit foreign girls at low cost!

"It takes far less effort to find and move to the society that has what you want than it does to try to reconstruct an existing society to match your standards." - Harry Browne

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » November 12th, 2017, 7:54 am

Winston wrote:How can a communist country crush the US? Didn't communism fail? Why didnt China collapse the same way the soviet union did?
China will announce the new petro-yuan sometime this year which will crash the petro-dollar.

China has grand ambitions to dethrone the dollar. It may make a powerful move this year
https://www.cnbc.com/2017/10/24/petro-y ... racts.html
“Every time a President leaves the White House after two terms, there is a recession within the next year"

User avatar
Yohan
Elite Upper Class Poster
Posts: 3068
Joined: April 3rd, 2014, 6:05 am
Location: Tokyo, JAPAN
Contact:

Re: China Ready To Crush The US Dollar

Post by Yohan » November 12th, 2017, 2:43 pm

Taco wrote:
Winston wrote:How can a communist country crush the US? Didn't communism fail? Why didnt China collapse the same way the soviet union did?
China will announce the new petro-yuan sometime this year which will crash the petro-dollar.
China has grand ambitions to dethrone the dollar. It may make a powerful move this year
This year?
So far I did not notice anything like that.
Or maybe next year?

There was some idea to change the petro-dollar to the petro-euro.
The Euro is still despite all that problems they have the better currency compared to the Yuan.
The only one willing to play that game is Iran so far. The others still are with the petro-dollar as far as I know.

User avatar
Winston
Site Admin
Posts: 27593
Joined: August 18th, 2007, 2:16 pm
Contact:

Re: China Ready To Crush The US Dollar

Post by Winston » November 13th, 2017, 8:56 pm

All currencies hinge on the US dollar. So no one wants to deflate it right? If the dollar goes then all currencies go. Remember? The bankers know this im sure.
Check out my FUN video clips in Russia and Female Encounters of the Foreign Kind video series and Full Russia Trip Videos!

Join my Ukrainian/Russian Women Dating Site to meet thousands of legit foreign girls at low cost!

"It takes far less effort to find and move to the society that has what you want than it does to try to reconstruct an existing society to match your standards." - Harry Browne

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » November 15th, 2017, 11:39 am

Winston wrote:All currencies hinge on the US dollar. So no one wants to deflate it right? If the dollar goes then all currencies go. Remember? The bankers know this im sure.
Some have said the US dollar will be the last currency to crash to zero I'm not sure if that's true.

The Chinese Yuan is expect to become the reserve currency of the world sometime in 2018. Your going to see some serious stuff go down before that happens.

Image
“Every time a President leaves the White House after two terms, there is a recession within the next year"

Taco
Elite Upper Class Poster
Posts: 4624
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » December 19th, 2017, 5:14 pm

This just in...

Nightmare before Christmas
https://www.rt.com/business/413502-yuan ... christmas/
“Every time a President leaves the White House after two terms, there is a recession within the next year"

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Business, Finance, Taxes, Investments, Cost of Living, etc.”