Re: China Ready To Crush The US Dollar
Posted: December 19th, 2017, 8:19 am
It must be sad to be Taco.
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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.Taco wrote: ↑December 19th, 2017, 8:14 amThis just in...
Nightmare before Christmas
https://www.rt.com/business/413502-yuan ... christmas/
China needs a healthy US economy. Otherwise, who in the hell would buy all their crap?HouseMD wrote: ↑December 19th, 2017, 3:53 pmChina 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.Taco wrote: ↑December 19th, 2017, 8:14 amThis just in...
Nightmare before Christmas
https://www.rt.com/business/413502-yuan ... christmas/
Why would China commit economic suicide by destroying their largest trading partner and reserve currency? More importantly, why are you literally always wrong?Taco wrote: ↑December 27th, 2017, 10:51 pmThe 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
A "credible alternative"? Dream on. A one party totalitarian murderous apparatus known as the CCP otherwise, will always be hampered and very suspect in the eyes of investors. BTW the charts you cite show US oil imports declining...why would that be? The US may become the new number one oil producer in the world next year. China is now the number 1 importer. This puts their economy at a decided disadvantage. China is the world's workshop. It has a very long way to go to become the world's bank.Taco wrote: ↑March 26th, 2018, 1:52 pmChina launched its new petro yuan today, as expected the dollar dived as the price of oil and gold surged. The media is eerily silent about this event as the corporate propaganda machine pushed the stock markets higher.
Other nations now have a real credible alternative to the US dollar, they can dump dollars and switch to the yuan which can spark a dollar crisis. If that happens, not only will there be inflation from Trumps tariffs, but also from the flood of dollars being sold on the currency markets.
China Is About to Shake Up the Oil Futures Market
https://www.bloomberg.com/news/articles ... ed-to-know
China launches petro-yuan to challenge greenback’s dominance
https://www.rt.com/business/422314-petr ... lar-death/
Petro Yuan Futures Open - Over 10 Billion Notional Trades In First Hour
https://www.zerohedge.com/news/2018-03- ... first-hour
credible alternative"? Dream on. A one party totalitarian murderous apparatus known as the CCP otherwise, will always be hampered and very suspect in the eyes of investors. BTW the charts you cite show US oil imports declining...why would that be? The US may become the new number one oil producer in the world next year. China is now the number 1 importer. This puts their economy at a decided disadvantage. China is the world's workshop. It has a very long way to go to become the world's bank.Taco wrote: ↑March 26th, 2018, 1:52 pmChina launched its new petro yuan today, as expected the dollar dived as the price of oil and gold surged. The media is eerily silent about this event as the corporate propaganda machine pushed the stock markets higher.
Other nations now have a real credible alternative to the US dollar, they can dump dollars and switch to the yuan which can spark a dollar crisis. If that happens, not only will there be inflation from Trumps tariffs, but also from the flood of dollars being sold on the currency markets.
China Is About to Shake Up the Oil Futures Market
https://www.bloomberg.com/news/articles ... ed-to-know
China launches petro-yuan to challenge greenback’s dominance
https://www.rt.com/business/422314-petr ... lar-death/
Petro Yuan Futures Open - Over 10 Billion Notional Trades In First Hour
https://www.zerohedge.com/news/2018-03- ... first-hour
Yep, China wants to screw itself by undercutting the dollar... for all the mental flatulence, China is in a tenuous situation with its economy and will tend to be pretty cooperative with things as they are.Taco wrote: ↑April 2nd, 2018, 5:55 pm"When Saudi Arabia announces they will start selling oil in yuan instead of dollars that will be the moment the US dollar crashes. Saudi Arabia is the key figure in holding the petro dollar deal together." – Dr. Jim Willie
China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
https://www.cnbc.com/2017/10/11/china-w ... ollar.html