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China Ready To Crush The US Dollar

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

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Man With a Plan
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Location: A place where I improve each and every day.

Re: China Ready To Crush The US Dollar

Post by Man With a Plan » December 19th, 2017, 5:19 pm

It must be sad to be Taco.
Progress. Improvement. Evolution. Revolution.

Your ego is not your amigo.

"Go abroad to get a broad." - MWAP 2017

HouseMD
Experienced Poster
Posts: 1513
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 » December 20th, 2017, 12:53 am

Taco wrote:
December 19th, 2017, 5:14 pm
This just in...

Nightmare before Christmas
https://www.rt.com/business/413502-yuan ... christmas/
China has a debt to GDP ratio of over 300%, destroying their largest currency reserve and trading partner would be foolish. But that doesn't relate to this thread, which essentially buys into the same "petrodollar" nonsense that poorly informed individuals seem to think the US economy hinges on. It doesn't matter what currency oil is sold in in the electronic age, you fool.

OutWest
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Posts: 2294
Joined: March 19th, 2011, 8:09 am
Location: Asia/USA

Re: China Ready To Crush The US Dollar

Post by OutWest » December 20th, 2017, 6:43 am

HouseMD wrote:
December 20th, 2017, 12:53 am
Taco wrote:
December 19th, 2017, 5:14 pm
This just in...

Nightmare before Christmas
https://www.rt.com/business/413502-yuan ... christmas/
China has a debt to GDP ratio of over 300%, destroying their largest currency reserve and trading partner would be foolish. But that doesn't relate to this thread, which essentially buys into the same "petrodollar" nonsense that poorly informed individuals seem to think the US economy hinges on. It doesn't matter what currency oil is sold in in the electronic age, you fool.
China needs a healthy US economy. Otherwise, who in the hell would buy all their crap?

Taco
Elite Upper Class Poster
Posts: 4587
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » December 28th, 2017, 7:51 am

The House of Saud simply cannot alienate China as one of its top customers; it’s Beijing who will dictate future terms.

D-Day will be when the House of Saud officially announces it accepts yuan for at least part of its exports to China.

Yuan-denominated gold contracts will be traded not only in Shanghai and Hong Kong but also in Dubai. Saudi Arabia is also considering to issue so-called Panda bonds.

Russia & China to kneecap petrodollar in 2018 predicts Saxo Bank
https://www.rt.com/business/414061-chin ... llar-yuan/

Pepe Escobar On China's Petro-Yuan Bombshell
https://www.zerohedge.com/news/2017-12- ... -bombshell
“Every time a President leaves the White House after two terms, there is a recession within the next year"

HouseMD
Experienced Poster
Posts: 1513
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 » December 28th, 2017, 8:01 am

Taco wrote:
December 28th, 2017, 7:51 am
The House of Saud simply cannot alienate China as one of its top customers; it’s Beijing who will dictate future terms.

D-Day will be when the House of Saud officially announces it accepts yuan for at least part of its exports to China.

Yuan-denominated gold contracts will be traded not only in Shanghai and Hong Kong but also in Dubai. Saudi Arabia is also considering to issue so-called Panda bonds.

Russia & China to kneecap petrodollar in 2018 predicts Saxo Bank
https://www.rt.com/business/414061-chin ... llar-yuan/

Pepe Escobar On China's Petro-Yuan Bombshell
https://www.zerohedge.com/news/2017-12- ... -bombshell
Why would China commit economic suicide by destroying their largest trading partner and reserve currency? More importantly, why are you literally always wrong?

OutWest
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Posts: 2294
Joined: March 19th, 2011, 8:09 am
Location: Asia/USA

Re: China Ready To Crush The US Dollar

Post by OutWest » December 28th, 2017, 9:04 am

Seriously, More "Petro-dollar" BS from the tin foil hat king. The Chinese are not stupid. The dollar is very useful to the Chinese and they are very invested in its utility. Russia, with an economy smaller than California is not exactly and economic powerhouse.
Nothing has shaken the Saudis as much as the emergence of fracking technologies. Every market play they have attempted against it has failed.
I think there is far to much sucking on Infowars type toot-pipes....

OutWest
Veteran Poster
Posts: 2294
Joined: March 19th, 2011, 8:09 am
Location: Asia/USA

Re: China Ready To Crush The US Dollar

Post by OutWest » December 28th, 2017, 9:05 am

Seriously, More "Petro-dollar" BS from the tin foil hat king. The Chinese are not stupid. The dollar is very useful to the Chinese and they are very invested in its utility. Russia, with an economy smaller than California is not exactly and economic powerhouse.
Nothing has shaken the Saudis as much as the emergence of fracking technologies. Every market play they have attempted against it has failed.
I think there is far to much sucking on Infowars type toot-pipes....

OutWest
Veteran Poster
Posts: 2294
Joined: March 19th, 2011, 8:09 am
Location: Asia/USA

Re: China Ready To Crush The US Dollar

Post by OutWest » December 28th, 2017, 9:05 am

Seriously, More "Petro-dollar" BS from the tin foil hat king. The Chinese are not stupid. The dollar is very useful to the Chinese and they are very invested in its utility. Russia, with an economy smaller than California is not exactly and economic powerhouse.
Nothing has shaken the Saudis as much as the emergence of fracking technologies. Every market play they have attempted against it has failed.
I think there is far to much sucking on Infowars type toot-pipes....

Taco
Elite Upper Class Poster
Posts: 4587
Joined: July 9th, 2011, 5:30 pm

Re: China Ready To Crush The US Dollar

Post by Taco » January 10th, 2018, 11:24 pm

The bond market is under increasing pressure from China...

Gross: Bond bear market confirmed today. 25 year long-term trendlines broken in 5yr and 10yr maturity Treasuries.

Iran sanctions will help China's petro-yuan
https://www.rt.com/business/415347-iran ... etro-yuan/

Bond guru Bill Gross signals a new era for Treasury markets
https://www.cnbc.com/2018/01/10/bond-gu ... rkets.html

Vanguard Total Bond Market Index Fund
https://www.bloomberg.com/quote/VBMFX:US

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

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