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Petrodollar end looming as China & allies dump it in oil trading - Jim Rogers

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posted on Sep, 16 2017 @ 08:40 AM
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Im hoping this gets kicked off soon. I know war is coming, and who the players likely will be. Just understand that this is planned from the get go. You are witnessing a shift from the west to the east in wealth and economic status. For them to get what they want the USA has to fall into a 3rd world sweatshop. We exist in a post-democratic society.

The war will be poked and jabbed with a stick in the beginning, finally people will just be tired of Americas sh*t and go full bore. If they dont use nukes Id be extremely surprised as one of their goals is to depopulate the earth by about 6 billion. Governments are merely the arm to extend the wishes of the minds that control this little ant farm we call earth.

Unless you hold a substantial amount of money or influence, you will be slaughtered in the end, fast or slow makes no difference to the little people who hold these tyrants up with their backs.

Everything else is just schematics.




posted on Sep, 16 2017 @ 08:47 AM
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a reply to: abe froman

Amen, the 2008 market crash was a good example on how entangle the entire world is to the US economy. Even China trades secrets with the US were exposed.

The talks about killing the petrodollar is nothing but talks, the talks that makes the market flutter so some can make money.



posted on Sep, 16 2017 @ 08:53 AM
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originally posted by: marg6043
The talks about killing the petrodollar is nothing but talks, the talks that makes the market flutter so some can make money.


That pretty much sums it up. The gullible will action on this announcement by buying gold since all the talk of gold-back currencies is a scam perpetuated by the gold hawkers on the internet. As was pointed out earlier, and all the other threads discussing this topic, there is not even remotely enough refined gold on the planet to make a dent in the petroleum reserves based on dollars, yuan or colored friggin rocks.

Oh and the Chinese launched their yuan/gold futures contract in April of 2016. Old news.

Here's a little snippet on why this is wholly irrelevant, even to the main players:


The country's petroleum ministry listed the week's closing price per barrel at 306.26 yuan on its website, equivalent to $46.7, up from 300.91 yuan the week before.

But economist Cesar Aristimuno said the yuan figure had little meaning beyond reference value, "because at the end of the day, the market continues to be quoted in dollars." Source


Derp.



edit on 16-9-2017 by AugustusMasonicus because: Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn



posted on Sep, 16 2017 @ 09:29 AM
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a reply to: TheConstruKctionofLight

The fat lady hasn't sung yet in the ME but you can get a glimpse of the seating arrangements . Turkey to purchase S400 system from Russia . Qatar on very friendly terms with Iran .

Russia has reportedly rebuffed an Israeli demand to ensure that Iranian forces and Iran-backed Shiite militants not be allowed to operate within 60-80 kilometers of the Syrian frontier with Israel in the Golan Heights.
www.timesofisrael.com...

It wasn't long ago that the US basically dictated policy for the ME . That big pipeline that was planned to go through Syria may end up being built .Its only a matter of time before we see who is and isn't involved in the deal . I have a gut feeling that the US/Israel names are absent . The reasons are that the Neo-Cons are not very good at negotiating and always double down on stupid .



posted on Sep, 16 2017 @ 11:27 AM
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originally posted by: AugustusMasonicus

originally posted by: marg6043
The talks about killing the petrodollar is nothing but talks, the talks that makes the market flutter so some can make money.


That pretty much sums it up. The gullible will action on this announcement by buying gold since all the talk of gold-back currencies is a scam perpetuated by the gold hawkers on the internet. As was pointed out earlier, and all the other threads discussing this topic, there is not even remotely enough refined gold on the planet to make a dent in the petroleum reserves based on dollars, yuan or colored friggin rocks.

Oh and the Chinese launched their yuan/gold futures contract in April of 2016. Old news.

Here's a little snippet on why this is wholly irrelevant, even to the main players:


The country's petroleum ministry listed the week's closing price per barrel at 306.26 yuan on its website, equivalent to $46.7, up from 300.91 yuan the week before.

But economist Cesar Aristimuno said the yuan figure had little meaning beyond reference value, "because at the end of the day, the market continues to be quoted in dollars." Source


Derp.




Busting out the context and rationale that extinguishes the smoldering 'doom porn' with respect to the 'petrodollar'.

Well said.



posted on Sep, 16 2017 @ 11:33 AM
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originally posted by: BeefNoMeat
Busting out the context and rationale that extinguishes the smoldering 'doom porn' with respect to the 'petrodollar'.

Well said.


We're supposed to be smarter here and not so easily duped but far too many people believe specious sources that are only out to profit from their ignorance on how the market actually functions.



posted on Sep, 16 2017 @ 12:08 PM
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I think war is coming but I do not think it has anything to do with the petro dollar, and no I do not have any supporting evidence or articles to cite.

Just a gut feeling that pieces are being moved for a big push and I have no idea at the end game.



posted on Sep, 16 2017 @ 07:35 PM
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a reply to: AugustusMasonicus
Oil will not be priced in dollars forever. There are not enough small weak players left to destroy by force who choose to switch away from it. The big boys that the Pentagon will not actually take force against are already making commitments to protect those who want to trade with them without USD.

Iraq and Libya probably won't be happening again to the next small guy who chooses to ditch dollars. Considering China guarantees much better trade deals with weaker nations than the US does, the developing world in the 21st century will be aligning in that block, and not the Western hegemony.

Its not going to bring apocalypse, its just going to slow our expansion. Which we been on a blitzkrieg since 9/11 acquiring new markets and territory by force, so we can stand o slow down a bit.



posted on Sep, 17 2017 @ 07:34 AM
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a reply to: IgnoranceIsntBlisss

I can't even imagine how we would ever grow up. The transition would be catastrophic. Every facet of our world is built on primitive posturing.

Every institution, every corporation, the financial system, the debt, the power, all would have to be completely re-formed.

I am right with you as I read this and just think how small minded all this is. We could be exploring the stars if these fools would just quit it.

Just don't know how to get there.



posted on Sep, 17 2017 @ 10:05 AM
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originally posted by: worldstarcountry

Oil will not be priced in dollars forever.


It will be for the foreseeable future and that's all that matters at the moment.



posted on Sep, 17 2017 @ 12:38 PM
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a reply to: AugustusMasonicus
Sooner than later I m afraid. I personally believe that it will be re-priced in a different currency within a ten year time-frame. But thats just a dream and prediction.

Alot happens in ten years.
edit on 9-17-2017 by worldstarcountry because: (no reason given)



posted on Sep, 17 2017 @ 12:45 PM
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originally posted by: worldstarcountry
I personally believe that it will be re-priced in a different currency within a ten year time-frame. But thats just a dream and prediction.


I don't see it happening and considering within ten years we will be near the top of the petroleum exporters list and that China is one of our largest importers of oil we aren't going to be having them pay us in yuan. The dollar will remain the main reserve currency for oil for some time to come.







edit on 17-9-2017 by AugustusMasonicus because: I ♥ cheese pizza.



posted on Sep, 17 2017 @ 02:47 PM
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a reply to: AugustusMasonicus


Russia and China has been trying for decades to take center stage in the worlds economy with not avail.

The reason is simple, while they has spend plenty trying to fill their gold reserves they until this day do not have enough to even seat in the same table that US seat as head of the leader when it comes to gold.


US as it stand today have not sold much of their gold reserves in 40 years since the 70s dump to control the prices, and it still hold 70s percent of its reserves in gold.

Petrodollar will remain the leader in the world at least for now.



posted on Sep, 17 2017 @ 03:09 PM
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a reply to: marg6043

I wonder if there are any traders on O and G on this site...

The dollar is a benchmark, it is steady.

Just like a yardstick, meter, measuring tape.

No one buys in 'dollars' you convert to the steady currency...sterling is used all over just as the dollar. Why do you think gold and oil follow the same trends?

You buy in currency of the seller based on solid currencies...

If it was ruble, yuan, peso...etc ..those are all manipulated...

The USA is not the bad guy here.. move on.


Mg



posted on Sep, 17 2017 @ 03:16 PM
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originally posted by: marg6043
Petrodollar will remain the leader in the world at least for now.


I completely agree with you. People are falling for a scam if they start moving their assets around based on this false assumption.



posted on Sep, 17 2017 @ 03:21 PM
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a reply to: AugustusMasonicus

so... we should all just wait for that precise moment then and just ignore the global trends?? I don't think so. Gold and silver prices are trending higher year to year. It only makes sense for those who are long gold and silver to accumulate while the prices continue to be artificially depressed and manipulated by the bankers they continue to scapegoat when one is caught officially.



posted on Sep, 17 2017 @ 03:24 PM
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originally posted by: worldstarcountry
so... we should all just wait for that precise moment then and just ignore the global trends?? I don't think so. Gold and silver...


I'm not talking about buying commodities, I'm talking about this alleged gold-back yuan vis a vis the dollar.


...prices continue to be artificially depressed and manipulated by the bankers they continue to scapegoat when one is caught officially.


How does someone 'artificially depress' the price of a global commodity? It's only worth what the demand will support.



posted on Sep, 17 2017 @ 04:07 PM
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a reply to: AugustusMasonicus
mainly because the bulk of the supply is in the hands of the international banks and commodity exchanges. They manipulate the prices by putting orders that will never be fulfilled in order to either initiate a spike or a dip for buy/sell opportunities.

Its commonly known thing, and when a particular bank like HSBC or Chase is caught in the act, they tend to scapegoat whoever it was that was following the orders.

I assumed most people by now knew that the price of gold is fixed in London everyday t 10:30am and 3:pm between the five major banks that get to sit in on the telephone conversation.

How Gold Price Is Manipulated During The "London Fix"

Every business day in London, five banks meet to set the price of gold in a ritual that dates back to 1919. Now, dealers and economists say knowledge gleaned on those calls could give some traders an unfair advantage when buying and selling the precious metal. The London fix, the benchmark rate used by mining companies, jewelers and central banks to buy, sell and value the metal, is published twice daily after a telephone call involving Barclays Plc, Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc and Societe Generale SA.



The fix dates back to September 1919, less than a year after the end of World War I, when representatives from five dealers met at Rothschild’s office on St. Swithin’s Lane in London’s financial district. It was suspended for 15 years, starting in 1939. While Rothschild pulled out in 2004 and the discussions now take place by telephone instead of in a wood-paneled room at the bank, the process remains much the same.

Obviously I am not explaining anything you do not already know though. Since a question was asked though, I just felt it appropriate to provide an answer.



posted on Sep, 17 2017 @ 04:11 PM
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originally posted by: worldstarcountry
I assumed most people by now knew that the price of gold is fixed in London everyday t 10:30am and 3:pm between the five major banks that get to sit in on the telephone conversation.


It's fixed using a demand basis. If someone or a specific country wanted to purchase a large amount of any commodity does the price go up or down?



posted on Sep, 17 2017 @ 04:41 PM
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a reply to: AugustusMasonicus
Eh, depends on if there is enough supply to meet the demand of for those five banks. The article goes into length actually on the vulnerabilities and who benefits from the inside scoop. Its an analysis on zero hedge from a report by Bloomberg.



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