rt.com
>Yuan-backed oil futures
>China importing TONS of gold
>Potential for gold-exchangeable Yuan
>Trade oil in gold-exchangeable Yuan
>Beginning of the end for Petrodollar
However, an old saying in banking is:
"If I owe you a million dollars I have a problem; If I owe you a billion dollars, YOU have a problem."
Of course, the U.S. has huge trade deficit with China (over $1 trillion USD). This means China is vulnerable to devaluation of the USD.
I predict a much weaker USD this year.
Other urls found in this thread:
whitehouse.gov
asia.nikkei.com
betterdwelling.com
youtu.be
twitter.com
Also note how there was no mention of this in MSM today.
What if oil sellers decide to exchange their yuans for gold and China runs out of it?
Sorry for my ignorance
Pretty strange. It's big news.
That's what I find fishy as well.
If that were the case, they would be forced to end the convertibility to gold; similarly to what Nixon did in 1971.
the reason the dollar dropped gold a long time ago is because its way obsolete. No nation with any kind of modern economy uses gold anymore. The dollar is backed by stuff that is significantly more powerful than gold.
china has other stuff to export also. toys&stuff, everyone loves toys. probably everything you hold now is made in china.
Designed elsewhere though you dumb mongol
i didn't say they desingned. i'm not dumb. you are dumb. you can't even read.
The value of fiat money is derived from the relationship between supply and demand.
Oil traded in Yuan --> less demand for Dollar --> value of Dollar drops. You already have huge trade and current account deficits, if people around the world stop trading commodities for example in Dollar you're fucked, because no demand for Dollar --> value of Dollar drops.
Gold has withstood the test of time and is still used as money today.
The reason the U.S. dropped gold convertibility in '71 is not because its "obsolete". With hyperinflation there was large demand for gold, exacerbating a sell-off of USD. The U.S. did not want to lose its gold and thus ended convertibility. Furthermore, fiat currency allows countries to participate in currency wars.
P.S.
>Why do you think countries such as Russia and China are increasingly importing massive amounts of gold?
>What about Fort Knox?
We are moving toward the end of Jew fiat money.
What is the demand for the Yuan other than the fact that its not the Dollar? Oil is just one measure of what makes a currency strong. Oil could be traded 100% in Yuan tomorrow and the USD would still dominate.
Theres got to be more to it than inflation. I'm guessing making the USD lean of liabilities.
lolololol enjoy being the rothchilds monopoly gold bitches chinks
back to the green back for america. fuck foreign land ownership and boot out the h1b1s and mexicans
then choo choo muthafukas to the highest standard of living
you do realize in 1970 america had its gold called like china will
china is now israels new bff and russias new super enemy
just resist for a year more fellow americans any war and keep your guns. the civil unrest they are planning is far better than the catastrophic war with russia they really want to regime change and get their russian jew mobster bros in charge of that dictatorship
russia is ww2 italy and putin is not hitler, hes mussolini
and he keeps killing jew mobsters which pisses them off
but yeah youngtards, read up on stagflation
btw navalny was so israeli he shit mozzah balls straight
i dont know wtf trump is but he isnt the jews bro for sure and he hasnt yet landed on team non jew america though
i personally think hes playing off both sides for more power till he can consolidate a position
>The dollar is backed by stuff that is significantly more powerful than gold.
zionism?
>deficit with China (over $1 trillion USD)
are you really sure about that?
>What is the demand for the Yuan other than the fact that its not the Dollar?
well that's just it, isn't it? not having to deal with the US.. you know for a fact that there are countries in the middle east who would be more than happy to drop the petrodollar, including our very own """allies,""" and that would spell out yet another inevitable war. that's ultimately what china wants, because while we'll be fighting it, they sure as hell won't.
The fact of the matter is, the US is able to run these huge deficits (which means living beyond your means) because almost all commodoties around the world are traded in Dollar. If some powerful countries get together and decide to change their trade to another currency, then you're fucked, especially if China and Russia get together (unlikely, but still possible), because they Nukes.
Source t. CIA advisor
it's around ~380 billions (2017) you fuck.
2018 March 20 information.
You suck at reading.
Those are annual numbers, you fuck.
The amount the U.S. owes to China (deficit) is far more than $1 trillion USD.
Information aggregation of all citizens, worldwide. Now do you know why China outright blocks Google?
>china is now israels new bff
Good. Now chinks can go die in Isreal's wars instead of us.
Bump
> I predict a much weaker USD this year.
That's been the plan for decades, but now Trump is kicking out the globalists and preparing for martial law, so it's a little unpredictable right now...
whitehouse.gov
>China and Russia get together (unlikely, but still possible)
But they already are Hanz
This isn't new news and they never mention it on MSM. I think one of the reasons the establishment is is against Russia is because they are planning on going along with this new currency.
Pretty sure Jews are already set up in China user.
Exporting free technology and importing plastic crap, how's yellow fever treating you today faggots
Gold price floats, not fixed
So if demand for gold rises, so does price
Which would benefit China since they presumably have a huge stockpile of phyzz
Quite brilliant actually
If the petrodollar is ever legitimately threatened you can expect a false flag and immediate war following against China
We'll probably drag N Korea into too
Probably some Korean folks sinking a ship using Chinese weapons
Making them that evil villain we have to deal with
WELCOME TO THE CHINESE CENTURY
Great... Thanks, Satan...
I don't think was anything the average American ever wanted.
Satan is right, but war with North Korea is unlikely and probably wouldn't do much to hamper China's growth.
The best option to stall China is cut off its oil. Most of China's oil comes from the Gulf and passes the Strait of Hormuz, the closing of which will be the first order of business in any war with Iran. So the false flag will be Iran's, the attack will involve WMD, and oil prices will go through the roof, bankrupting China.
When will we ever decide what our governments do reeeeee damn kikes drumpf should up the chink tax
The only post worth reading in this thread. All this other shit doesn't matter. If the petrodollar is ever in danger then the country or countries that harbor this danger will be immediately dealt with. No doubt. False flag coup operation have been started for less when it comes to the continuity of the world order and safety of America.
Let them learn the hard way, America had to learn. Oil is harder to steal and sell, Oil is easier to transport. Oil has far more uses. Gold is literally only valuable because it's shiny and limited. There's a few dollars in gold located in cell phones and some computers that's about the only use for it. If they said they finally stabilized and made functioning fusion energy I'd be worried, Oil replacement is the only thing that will kill oil because the trucks carrying mountains of food to the billions of people around the world can't run on gold..
We can only wait
Bro the Annunaki use gold to clean their atmosphere.
it means absolutely nothing.
If a country was to adopt the gold standard, that would fundamentally change the way the world views all money and gold.
First of all, no major country on the planet has enough gold to back the currency it has in circulation. If it was to adopt a gold standard the first thing it would have to do is a currency reset to gold. For America that would mean that its alleged 11 billion USD worth of gold reserves would have to go up 145 times in value to match its 1.6 trillion USD in circulation. Gold would in the blink of an eye become unaccessable to retail investors. That is to say, the 10,000 USD worth of gold in your bank that you own would be worth 1.45 million USD.
I will only say this once.
There is a reason why Gold persists as a store of money, even after the world has gone through an almost uncountable number of cycles of destruction. Species like the human race have been here for more than 200 million years. At the end of every cycle the gold is collected by certain entities and those who still have theirs will get to build the world as they see fit.
China knows the end of this cycle (we are currently in the so-called "Kali Yoga" phase) is approaching and will siphon as much Gold as it can by destroying the USD, but don't expect the elder society to sit on its hands here and watch this happen. This is a declaration of war.
>the human race have been here for more than 200 million years.
American education.
China is hoarding gold as a hedge against its dollar assets. Couldn't be more obvious.
Gold is usually traded in USD. Do I keep my useless USD or do I exchange my useless USD against gold? Hard choice!
news cycle still kvetching about the guns.
trump is the ultimate shabbos goy and this generations herbert hoover. The kikes will crash the economy with no goy survivors just like 1929, starting a new cycle with your pic related.
asia.nikkei.com
Pay attention to the 1. September 2017. date.
I made a few threads about it but they got slided and buried last autumn. Biggest news of the century.
China can't sell its treasuries, that would sink the dollar and threaten the US-PRC symbiosis. But changing yuan for dollars then buying gold is a win-win for China.
Kraut, we have a fuck load of Gold, but we give it mainly to China, would the US benefit from destabilizing us?
why would the jew stream media mention it? the jewish tentacles are deep in china as well, either way the jews win
hello can someone explain this to me?
thanks
Greedy kike globalists want to switch the places of US and China in the world.
To them, the corporate and banking owners a market of 1.3 billion Chinese is much more preferable than a market of 0.3 billion unitedstatians.
That requires creating a consumerist middle class in China with high purchasing power, making the US an industrial nation that will produce cheap goods and creating a one world currency.
>Pretty sure Jews are already set up in China user.
This. Always this.
>Species like the human race have been here for more than 200,000,000 years
Hmm. You know something we don't, Sparky?
>This means China is vulnerable to devaluation of the USD.
EVERYONE is vulnerable to devaluation of the yuan. it's not just a threat to america, but the entire world trading system. any country dependent on the USD will go down in flames
>and China runs out of it?
then china can't buy any more oil. which doesn't matter, because they're switching to electric cars anyway
why do these wannabe wh*Tes hate the Black Race the most?
do they want something from their wh*Te master?
but anyway we, Black Russians will destroy wh*Te monkeys even without our main weapons - gas and oit
>China can't sell its treasuries, that would sink the dollar and threaten the US-PRC symbiosis.
>What is the petro yuan
America has sunk this symbiosis a long time ago when it started printing money like mad. Printing money to finance its debt and trade deficit means that all the assets in China are inheriting the inflation. China has a simple choice, work virtually for free for America as American print money forever, or take a lot of pain for a short amount of time and break free from this symbiosis. Which one do you think China picked, user?
>why won't you just let us perpetuate our scam REEEEE
China's forex holdings, cash, bonds etc. are 66% in dollar. China's economy only runs when they can sell stuff to America. Everything we do in the financial system is a double edged sword. But the gold part is true, China and Russia have been accumulating a bunch.
Petro Yuan doesn't really matter since we're at the late stage of oil and Saudi Arabia will always support the US.
The Chinese upper class will probably move to Africa within the next several decades. They're already building massive infrastructure projects in Africa in anticipation for the move. They will probably eradicate the negros with some genetic virus which is certainly within the realm of possibility for current biotech. Imagine 200 million of the smartest chinks in the most resource rich continent on earth. The living standard for those people will blow America out of the water.
t. random word generator
Of course. America could start pissing all over Chinese overseas assets, because they are soft targets. China itself is the ultimate and final end boss.
So the military equipment farm attackers were caught using could be CIA supplied?
Australia could be part of this effort to destabilize us then, no farmers, no food, hell on earth and zero stability.
>China ends the USD scam
>This is a declaration of war
really makes me think schlomo
>But changing yuan for dollars then buying gold is a win-win for China.
i don't think there's enough gold left to satisfy their 3 trillion forex reserves
>devaluation of the USD
sorry, typo
>work virtually for free for America as American print money forever
Americans will keep printing, and the Chinese will keep 1)hoarding low yield dollar assets and 2) use earnings in yuan to exchange more dollars and buy gold, infrastructure, real estate etc. globally.
China is in no hurry at all to change the symbiosis. That explains its behavior wrt Trump's phony trade war too.
>What if oil sellers decide to exchange their yuans for gold and China runs out of it?
>Sorry for my ignoranc
Well not all yuan are gold backed, just the ones used in this contract
>t. chink
>use earnings in yuan to exchange more dollars and buy gold, infrastructure, real estate etc. globally.
who's still selling gold? as for assets globally, this is risky as governments can just nationalize chinese assets abroad. but anyway, your rationale is more or less correct, as the point is to convert toilet paper USD to tangible assets
>China is in no hurry at all to change the symbiosis.
this part is true i think
also, remember china is doing a huge green energy push with electric cars and whatnot. their goal is to become oil independent
oooh, somebody is familiar with the concept of inflation export. No wonder, its a german. Barely anybody with a brain left on 4chinz these days.
for sure, chinks have been buying out western companies, assets, real estate, farm land, participating in major investments like the nuclear power plant in UK, etc. They are expanding their global influence and getting good assets in return for the cheap crap they ship to USA.
Reminder : they bought Kuka, one of the top german robotics companies.
I haven't seen any evidence to suspect the USA, but I was surprised that the nogs used mobile phone jammers. That shows planning, foresight and technological prowess that is usually beyond them.
I think you already see or agree with that this symbiosis is under attack. You are just saying it is not happening "fast". I agree. This will take years to fully unfold.
will the canadian govt nationalize the chink assets? Their counter intel has been warning the govt since the 90s to be careful because the chinese "private" real estate firms that they allow to invest in canada are actually state sponsored and can become public property literally at any point. This is exactly what happened in 2017 with Anbang because they didnt listen.
>betterdwelling.com
Also
>easily digestable video for brainlets:
youtu.be
Explain further, you have peeked my interests
>The dollar is backed by stuff that is significantly more powerful than gold.
You mean other people's shit? Because that, and world's greatest pokerface, is your entire backing for your bullshit paper. Maybe try reading the memo where the entire point of this thread is people keeping their shit to themselves in the future, leaving you more destitute than you can possibly imagine.
>This means China is vulnerable to devaluation of the USD.
China realized the problem more than a decade ago because they hold the majority of US debt, and because of the balance of trade they have huge USD hard cash surpluses. So they delinked the Yuan from USD and peg it to a basket of international currencies. Not,that it matters, since they peg it the exchange isn’t floating and set by the market, but pretty much fixed by China’s central bank. TL;DR: China built USD firewalls..
Yeah, something is fucky, there's a chance that there is a 3rd force.
or maybe russia could be behind it since you know they actually funded the anti apartheid communist movements you inbred white trash fucking idiot
You dont get to nationalise assets for free, you have to pay the owners for them.
Maybe it's denial, or a desperation clutching to some kind of hope, but I have a feeling the military is preparing to engage with the Fed. It's the can of worms that protects the globalists, and they're fleeing to their bunkers as we speak.
Shit is going down.
So buy yuan, then buy gold with it, then ask the Chinese bank that holds it to give it to you so you can move it offshore. See what happens.
>buying out western companies, assets, real estate, farm land, participating in major investments like the nuclear power plant in UK, etc.
well, they need to do something all the soon-to-be useless USD they have
>They are expanding their global influence
oh, did you learn that term from CNN? they don't need to do anything active to expand their global "influence". they are influential by the mere fact they exist
Hey, burger, I'm not pointing fingers, it's just fucky, there might be a third force, possibly Russian, like you say.
>$1 trillion USD)
That's nothing!
It is a fact that the USA DOD, and HUD have stolen about 21 Trillion dollars alone.
How much do you figure all the other ABC shops have stolen?
Always looking far away when the threat is inside borders!
>will the canadian govt nationalize the chink assets?
no, because they gain nothing.
> Their counter intel has been warning the govt since the 90s to be careful because the chinese "private" real estate firms that they allow to invest in canada are actually state sponsored
and this scares you because china's state is actually competent.
>If the petrodollar is ever in danger then the country or countries that harbor this danger will be immediately dealt with. No doubt. False flag coup operation have been started for less when it comes to the continuity of the world order and safety of America.
omg, you are beyond retarded. you CANNOT prevent other countries from NOT using the USD.
We live in the nuclear age, there will be no war. Any attempted false flag, coup or "rebellion" is questionable as well. China is admittedly somewhat unstable politically, but they have a pretty tight grip on their own country.
>France is a chicken
Top fucking kek
oi
read this