What happens when OPEC adopts the petroyuan as retaliation for jerusalem?

What think /pol?

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It doesn't matter.

No one wants to to business with the shady Chinese.

>forces arab countries to only accept dollar
>it's china that's shady

how do you figure?

They won't do it in retaliation. They don't care enough to retaliate.The only reason they haven't done that yet is that they hold assets in burgerbucks and that dumping it would cause it to go down, damaging their own bottom line. They will just do it gradually while at the same time trying to converts those burgerbucks into something that's not doomed to crash, unless you burgers crash your economy before that, in which case they might decide there's no reason to hold on those burgerbucks

Multi-megaton payloads of freedom(tm)

lol

Suddenly, US will love us Poos.

but the petroyuan is backed by gold. so you think they'll just do it slowly?

>what is indo-pacific

they already do

Gold is a backup for them in case shit hits the fan. The central government doesn't really want to leave the fiat system unless they have to. China forcing a bunch of countries to leave the USD might cause a recession similar to the one in 2008, which would hurt their own american and european assets, and also fuck up your economy which would mean you'd import less from them

I meant Israel like love.
Not the fake one.

The transition from dollar to yuan has started this year in September and for some it will be very fast and for some it will be much slower.
Either way Trump will be in US what Gorbachov was in USSR.

>Israel like love.

topkek

He's talking about interracial porn right? That's the only think that comes out of the USA these days

>Either way Trump will be in US what Gorbachov was in USSR.

sorry, i'm stupid. explain to me like i'm 5

Yuan isn't a freely traded currency. The Chinese government decides its value.

>and also fuck up your economy which would mean you'd import less from them

hmm...yeah. you have a point about a sudden shock to the system if it happens too fast. but the US really doesn't have any other options when it comes to oil. they sanctioned venezuela, iran, and russia, the largest oil producing nations. so i guess that leaves canada?

you're right, we should just use the USD which is freely traded, never enforced, and not in the hand of a literal privately owned, jewish bank cartel

well, it's pegged to the dollar as of now because china doesn't want the US to devalue its currency and turn china's reserves into worthless toilet paper. although the USD already is, but still. if it's backed by gold, then it will be freely traded because there's no reason to peg it anymore to a worthless currency

What does China do with those trillions of dollars? Do they swim around in it like Scrooge McDuck?

We are, for example, buying oil from Venezuela in USD. They still use it even if they are sanctioned, and their commie dictators very rarely, if ever, question the USD despite how much they LARP as anti-American. I think right now everyone is sort of in the same boat.

Look at the hit Russia took from the economic sanctions, their GDP almost halved. A serious economic crisis in the US and Europe would result in reduced trade, in effect very similar to what a sanction is. I think China, Russia, etc are trying to avoid that (also why Russians always talk about Americans as their 'colleagues')

And don't forget that Chinese investors have been pouring a lot of money into buying western corporations, a crisis would tank their shares, too, and damage their own financial system.

I think if they really wanted to do it, they could, they would suffer but eventually come out on top, but why take the risk now? All they have to do now is wait, buy up as much of the west as they can with it's own meme currency, and then slowly switch over to the yuan

this would actually be a great thing for the environment

the US would finally make a serious push to stop using oil, as a matter of national security

which is what we should be doing anyway but the petrodollar makes us do stupid things

Obama breached our agreement w OPEC in preparation for a giant war to be taken on by the next POTUS. This shit was well-planned in advance and will allow US to export Crude to buy allies and directly compete with any nation offering supply to major territories. That’s why the US has ramped up oil production over the past few years. This isn’t happenstance

lend them to the US and receive yearly interest payments to pay for their military

source?

lol, good luck getting rural retards to give up their gas guzzling SUVs

Nothing, to the only country that matters(America)
We only get 18% of our oil from those raghead fucks, we could easily convert that 18% to sucking down more of Canada's oil(which makes up 68% of our oil imports) to replace their shit.
The moment that happens they're fucked because the dune coins get rich off their oil specifically because it's worth is tied to our currency, if they take it off that standard their profits will hit the floor since China's currency is fucking garbage and they'll never see $30/barrel ever again.
Meanwhile the US will be chuggin along just fine and become isolationist completely as an auto response to foreign empires trying to fuck us, then they're all screwed(except Finland and Australia)

>something that's not doomed to crash
I really hope you meant a resource of some sort and aren't stupid enough to think there is a single currency on the planet that is even remotely stable

>the largest oil producing nations
You never mentioned Canada son
Learn reality not what commies what you to believe

Doesn't matter, ((((they)))) control both Federal Reserve and People's Bank of China

>Muh Jew banks
Kill yourself the Rothschilds own it all you dense shitskin

t. ignorant pinko scum that doesn't know a damn thing about world finance or economics

I am obviously talking about transferring USD-linked assets into something that wouldn't suffer as much in the case of a crash. In fact you come across as retarded for implying I might have meant that

And they are jews, retard

What are you even trying to prove by that? It says right there that a bunch of foreign countries hold US debt. Do you think they do not collect interst? Also, you're the retarded pinko if you think the Chinese alone dumping their 7% wouldn't crash the dollar

well, current assets in USD would take a hit, but the yuan would surge in value. much like bitcoin. which would allow them to buy up even more western companies. basically anything tied to the USD would plummet in value compared to yuan. i can't see how this isn't in their long term interest

Look up “Obama US crude oil exports.” I’m sure you’ll find plenty of articles verifying he signed into law about 2 years ago to the day.

Look up how every “Sectarian” dictator in the Middle East was replaced by a Muslim Brotherhood leader pushed by Obama admin.

It’s a game. We let an enemy coalesce and get stronger (in this case Islam) and create needs, threats, and interests world wide (see immigrant crisis) that ensures we get the most allies on board in support of our colonial plans. Using cheap(er) oil than our competitors is a surefire way to buy allies.

>so i guess that leaves canada?

learn to read

i don't see how your infographic disproves what i just said. do you not realize how much 7.5% of $20 trillion is?

delusion: the post

also, if you leave canada as your only option, then canada effectively has a monopoly on your oil supply and can charge whatever they want. i don't see how this is in the US national interest

no, (((they))) actually don't

Ah, you’re just a retard who requests opinions about delusional notions like OPEC fucking even mattering at this point in the first place. My bad.

you're saying the petrodollar doesn't matter? what happens when all nations dump their USD reserves and it comes flooding back into the US causing hyperinflation?

I think you are mistaken if you really believe those countries care about it. They are just virtue signaling for political power, they won't do shit about it.

I think it might be possible, yeah, but it's still risky. Also all assets are not owned by the same people, so even if they all benefited in the long run, some might be unwilling to take the hit right now. And there's also the matter of a possible economic crisis.

I think the main reason for the Chinese to switch currencies is safety from USD inflation, which could happen if some other USD holder dumped their cash into the market, the US included, for example if they wanted to pay off some foreign debt with cash they borrow from the Fed, or if they start borrowing from the Fed a lot to finance a war or something, like it happened during Vietnam. Since neither is happening right now, I don't think it's urgent for the Chinese to do anything drastic.

I agree with you here. The OPEC is a bit of a meme pricing wise, but that doesn't matter much. Their primary function is to ensure that they only trade in USD.

First of all, we want some inflation, we will have an economic boom, in case you haven’t noticed. Second of all, of course the petro dollar matters, you stupid nigger faggot. What causes oil prices to go up more than turmoil in the Middle East while we convert them all to WalMartism? You think oil will be cheap then? God, some fucking retards need everything spelled out for them, don’t they?

Both of you faggots need to first learn a little bit about what the fuck you’re talking about. Explain congress’ and Obama’s decision to do this:

bloomberg.com/news/articles/2015-12-18/house-votes-to-repeal-u-s-oil-export-limits-senate-vote-next

What the fuck am I looking at? Why is Angola somehow moving in on northern China?

>inflation = economic boom
no, inflation is inflation. it's not a rise in real value

> of course the petro dollar matters
but you just said OPEC doesn't matter

>What causes oil prices to go up more than turmoil in the Middle East while we convert them all to WalMartism?
oil prices go up when OPEC cuts the supply. like what they did to reagan. and what they can do to the US

>You think oil will be cheap then?
you want expensive oil? why?

> God, some fucking retards need everything spelled out for them, don’t they?
projection

how much and where china imports its oil from. the biggest customer of SA isn't the US, it's china. and there's already calls for arab nations to ditch the petrodollar as retaliation for jerusalem
theduran.com/breaking-lebanon-urges-arab-states-sanction-usa/

High supply has been hurting domestic oil production. Holy shit. You’re just retarded. What a waste of time. Goodnight

What do you think they'll do when they find out half of the thousands of units of oil they purchase is full of water?

>what is 1973 oil embargo

you forget this brought the US to its knees

so you're saying the US wants to exports its strategic oil reserves?

shoo shoo disinfo shill

>t. someone who doesn't understand finance nor economics and is projecting to hide that
Nice try

>And there's also the matter of a possible economic crisis.

why would china care if it's unaffected? it was the only nation on earth that actually grew during the US financial crisis

>I don't think it's urgent for the Chinese to do anything drastic.

they can't do anything. it's up to the arab nations to decide. they hold the cards

No, of course not. That’s why they passed a law lifting the restriction on oil exports and why they’ve been drilling like maniacs and are looking to drill Alaska pipelines. Because they want to preserve it all. What the fuck? Are you this retarded?

>What happens when OPEC adopts the petroyuan as retaliation for jerusalem?

A new and sudden 'arabic spring' that reflects the will of the poor suppressed people.

I'm not even american, but you know that was in response to an actual war? And you know that embargoes also hurt the country that makes them?

In summation, we’re going to major war with Islam and everything you’ve seen for the past three years has been leading up to it as it coincides with a US economic boom. Enjoy the show.

>an actual war?
not all wars are hot.

>And you know that embargoes also hurt the country that makes them?
not really, it just restricts the supply, thereby causing a huge surge in price. the only people who suffer are the ones being embargoed

disinfo: the post

I don't think our statements are incompatible, I'm saying the OPEC's primary function is to ensure that petrol is traded in USD, so that any nation would take USD in payment, even those freshly printed by the US Fed. That decision you quoted might have been aimed at Russia, the Saudis, or whatever, but above all it's just more petrol being traded in USD. The US has obviously been playing this game very well since Bretton Woods, I'm not denying that; I'm just stating that there's an obvious incentive for the Chinese to want to change this and that while they're not particularly in a hurry, they're clearly working on it.

I don't think they did so well during 2008, it got shaky for them; at least for now, they need the US and Europe as solid trading partners.

Yeah, probably, for now. I'm guessing they will go for smaller countries first, further from US influence, and also trade in products that aren't oil for a while, before trying to sign an oil deal in yuan. Venezuela now has more proven reserves than Saudi Arabia

Retard: the OP

Explain our lift of the ban on oil exports, dipshit. Wrap your tiny mind around it. Let it swirl around and think about how retarded you were tonight.

The US built the middle eastern oil industry.
we already do
someone sounds buttmad

>not all wars are hot.
Sorry to burst your bubble user, but there's not a single country in the world who gives a fuck about palestinians. They are just a political asset to hurt Israel. If it was in Africa and not ME they could start chopping heads and UN would just say 'that's bad'.

>not really, it just restricts the supply, thereby causing a huge surge in price. the only people who suffer are the ones being embargoed
You idiot, if you stop selling to a country you are cutting your own revenue.

ah yes, the muslims who want to fight for gay rights and feminism. how could i forget. but seriously, you're probably right. the US will send in (((rebels))) to destabilize the countries. what can china and russia do to deal with this?

It’s only incompatible in that OPEC is no longer obligated to trade in US dollars since we breached the agreement in 2015 and they are now essentially free to trade in whatever currency they wish, BC WE WANTED IT THAT WAY.

>Explain our lift of the ban on oil exports

exxon gets richer?

>The US built the middle eastern oil industry.

no, you really didn't

>Sorry to burst your bubble user, but there's not a single country in the world who gives a fuck about palestinians.

i never said it was about palestinians. it's a way to hurt the US

> stop selling to a country you are cutting your own revenue.
you don't have to stop selling. you just restrict the supply. why do you think the US continues to suck saudi cock?

Yeah, more supply suppresses the price and therefore revenue goes down, fucking their stock, makes perfect sense. Look at XOM stock over the past three years, or any other domestic oil company for that matter, the ones that survived the supply flood of the past few years. Or maybe, just maybe, they’re taking the hits now for a grander, more important purpose. Christ... do you know anything about this subject?

>BC WE WANTED IT THAT WAY.

so why not just ditch the petrodollar together. and if the US becomes an oil exporting nation, will you accept the petroyuan?

>Wont happen
China does not have (yet) a universal global dominance as the US.

The petrodollar has been ditched as a matter of policy. 2 YEARS AGO! That is one of many points I’ve explained.

I don't think the only reason the Saudis traded in dollars exclusively because they signed into it. They benefit from it, they own lots of USD, they're backed by the US army, the US in the UN, etc. Most of OPEC, at least for now, benefits from using USD and would have their economy suffer if the USD went down.

If the Saudis took yuan tomorrow, I'm guessing everyone would panic and try to exchange as much of the USD they hold into yuan or whatever, which would hurt everyone owning USD now.

That OPEC breach probably means the Saudis are less inclined to respect the cartel prices, but that's all, I don't think they're even considering taking any other currency.

look into who built saudi arabia. condemnation before investigation makes you a fool.

> a universal global dominance as the US.

the US is dominant because of the petrodollar. it ties everyone to its worthless currency

And now you are beginning to understand why Saudis (of all OPEC nations) are our allies in this. Our only allies (sans Israel) in the region, and why they’re complicit in our plans.

you mean installing a US puppet? this is well known

>i never said it was about palestinians. it's a way to hurt the US
And they won't hurt the US when damaging their own countries.

>you don't have to stop selling. you just restrict the supply.
You idiot, if you restrict the supply you are still lowering your revenue.

>why do you think the US continues to suck saudi cock?
Because they are a geopolitical ally? Tell me when US protected Saudi Arabia and didn't profit something from it.

Also, btw, how do you think they got so rich in USD? Might it be because of the agreement we made with them and OPEC to trade in only USD as long as we never exported our crude, which we have now totally flipped on?

that's short term thinking. it's just propping up un unsustainable ponzi scheme

It’s leading to a major cataclysmic war that will usher in a new world and global currency. It is literally everything BUT short-term thinking.

>Also, btw, how do you think they got so rich in USD? Might it be because of the agreement we made with them and OPEC to trade in only USD as long as we never exported our crude, which we have now totally flipped on?

ok, explain to me again like i'm 5. if the US starts exporting, won't that compete with saudi arabia? why is this in anyone's interests again?

a puppet? LOL Ibn Saud conqured arabia. so i guess the house of saud is a US puppet? also
>Arabian American Oil Company (ARAMCO)
You are a fool.

>It’s leading to a major cataclysmic war that will usher in a new world and global currency.

explain. how?

>so i guess the house of saud is a US puppet?

retard confirmed

I'm just beginning to understand? I think it is in line with everything else I've said in the thread. I've been stating that even the Chinese are in a situation similar to that of the Saudis, although, unlike the Saudis, the Chinese have a long term aspiration to do as much of their international trade in their own currency.

I see what you mean. Maybe back when the agreement was signed they had the possibility of using other currencies, but by now they're so deep in the USD game that they lose if they switch, at least for now; which is probably why Obama didn't really care, he knew they won't do anything about it, yet

you arent answering anything I am implying, you are just attempting to insult. now everyone reading this thread knows youre a 12 year old nigger

US and Saudi together will have enough supply to ensure that EU nations will not cuck us and opt to trade with Russia and other oil rich nations, and thus will be our allies in the colonization of the US. Bc we got that sweet crude at a comparatively cheaper price in US doll hairs.

*Colonization of the Middle East

the US isn't SA's largest customer anymore. it's china. the reason why SA is even contemplating it in the first place is because China can just go to russia for its oil, whereas the US can't because it sanctioned them

whatever helps you sleep at night

>China can just go to russia for its oil
retard with 40 posts detected. Rus and Sin will never ally

i sleep great everynight knowing commie fucks like you will soon be dead

ok, slow down. who's "us"? and what do you mean by colonization "of" the US? who's colonizing the US?

That's retarded. Nobody stops selling to a country because it sells to another, unless you believe China will buy the current USA supply or offer a suitable compensation for loss of business, which is unlikely.

See