It's Over! - China Selling Oil in Yuan?

reply to post by hawkiye


Hawkiye, I know you remember when we used to have the political forum, many years ago, back before the invasion of Iraq we were talking many times about how China was going to take down US supremacy, many people at the time, will laughed and will post about the powers of the US as a superpower and military might, even telling that China was in stone age.

During this time, Bush will keep telling people that US economy was sound and safe, as he was preparing to invade Iraq.

Nobody actually knew how entrenched was Chinas economy in the US, no many knew that the invasion of Iraq was actually financed by China buying into US bonds and debt.

It seems now such a long time ago.

Guess what we discussed here how China was going to take over the world, how their power will grow and look were we are now.

Yes, the greed of the US has allowed China a communist country to take over, just like the greed of the America elite created the middle east of today.

That same greed will be our own downfall. China doesn't need a great army to defeat the mighty US, is doing it from within, economically, playing with greed and the corruption that is now the US corporate America dictatorship.

Very shortly, and I do not mean in a few months time, the Dollar, The Pound, and the Euro wont be worth the paper it's printed on, because the UK, USA, & European dept is mounting so high money will be worthless.
The only thing your going to be able to buy things with soon will be Gold Bullion, or if your really lucky silver bullion too.
The crunch people have been talking about for years is close, soon after the above event happens war is going to start between China & America & UK, maybe France but they will sling the guns on the floor if they see a Russian, but it is not looking good for 2013 now.

Originally posted by beezzer

Can we all now admit that Obama's economic policies have been responsible for this?

You have made 100's of Post claiming Obama can't control our Economy.

Now you want to Credit him for controlling China's Economy.

You provide me many Belly Laughs Beez, amongst all the serious posters, your a breathe of Fresh Air.

Something new to digest.

Bets against US dollar at highest since August 2011

The value of the dollar's net short position rose to $17.96 billion in the week ended September 25 from a net short of $10.05 billion the previous week. That was the largest negative dollar bet since early August last year and was the third straight weekly net short position for the greenback.

Told ya, charts dont lie. Green line is dollar and this is monthly. But I dont think this is the fall. We need "something to happen" to see the big fall. Anyway, the market have its own mind.

Originally posted by NullVoid
But I dont think this is the fall. We need "something to happen" to see the big fall.

The Iran War , if it happens would be the Factor to start a Free Falling Dollar.

reply to post by randomname


the rules concerning oil sales is very strict, the US has to buy it via OPEC, at the price it is at the time of purchase, regardless of what country they buy it from, yes they have secured the oil fields, but it still costs the same.

Now, selling in a different currency would cripple the US, as they would then be forced to sell things in a different currency to get the cash to fund its oil purchases. As it is now, all they have to do is literally print more dollars.

This is worth watching.

reply to post by la2


Actually China bumps the price up for every barrel of oil when we print money. Printing money just makes it worth less and kills more trees.

Originally posted by Tw0Sides

Originally posted by NullVoid
But I dont think this is the fall. We need "something to happen" to see the big fall.

The Iran War , if it happens would be the Factor to start a Free Falling Dollar.

I dont think so, attacking Iran wont bring it down. Losing war with Iran will bring it down, but even if theres no war, Iran still will bring it down slowly though.

I guess when Romney sit on the chair, then a false flag, then war against nukes then oil price skyrocket thus bring dollar up too.Targeting 3 to 12 month of "events". Dollar will going down in 2-3 months then the kablooey, dollar up again. Dollar saved. Ok proceed to the battleplan!

Yeah
Wasnt hard to figure at all.

This is even worse for the usd petro dollar than you explained.
The new Yuan for trade is backed by gold.
They have called all the allocated gold from switzerland, the uk and usa back to china and is melting it into 1 kilo bars for this new gold backed currency. Now, what would you like? A fiat currency for your oil where we can just print more or gold backed? oh, I'll take the gold tyvm.

Oil is the only thing keeping the dollar alive at this point. if people think we won't go to war with China and Russia think again. Our military is far superior still but Russia has plenty of Nukes so no telling what can happen.

No our military is not "superior" that might have been true in the 80s but since then to now it has been gutted and retooled to fight asymmetric warfare for the last decade.

It was over in 2008
It was over as soon as we started borrowing trillions from them
it was over when Americans are buying Chinese goods.

China selling oil in the yuan until China becomes us it aint over.

The US is the largest consumer of oil in the world when China takes that lead then it will be over.

reply to post by neo96


Our military is actually far superior than any military on the planet. In terms of technology and in terms of experience most definitely. We have at least 15 million highly trained,experienced veterans. The wars in the Middle East are sad but we did gain something we may need. Experienced/combat tested veterans and equipment.

reply to post by jimmiec


The last decade of war says otherwise.

Asinine rules of engagement say otherwise.

Idoitic media playing politics say otherwise.

The last time the full weight of the US military was brought to bare was ww2,.

Given the fact they are kept on a leash where others are not over confidence is the quickest way to defeat.

And now the rise of the Amero!!! The dollar has been tanking for a while now and when it hits the low point the new Amero will come to the rescue. There have been many new trade agreements, secret meetings, planning, etc. with Mexico and Canada over the last few years.

Originally posted by hoochymama
And now the rise of the Amero!!! The dollar has been tanking for a while now and when it hits the low point the new Amero will come to the rescue. There have been many new trade agreements, secret meetings, planning, etc. with Mexico and Canada over the last few years.

Not so secret.....

Originally posted by hoochymama
And now the rise of the Amero!!!

The problem with the Amero is it sounds like a alcoholic beverage.

Just imagine going up to a bar and saying "i'd like a amero please'. Now drink many of them and 'amero' still flows off the drunken tongue very easily.

Even really drunk, '1 ammmmeerrroo please'.

reply to post by hawkiye


Might find some useful stuff here....

Dollar no longer primary oil currency as China begins to sell oil using Yuan
www.abovetopsecret.com...

reply to post by neo96


Let no forget the fact that the privatization and corporatism of our military has also help decimate its superiority.

When too many groups fight for control in order to maximize profits it creates an atmosphere that shows no respect for our soldiers they are all expendable, eroding away the pride that once was part of a volunteer army.

Originally posted by DerepentLEstranger

lol another delusional who will be thanked by the polite chinese for inserting the shaft himself up his...
1 -...making American manufactured goods...
WTH are you talking about? isnt everything made in china already

Delusional is as delusional does...

Here are some facts for you, according to the source below...

"The U.S. remained the world’s biggest manufacturing nation by output last year (2010), but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production."

"Manufacturing Outlook 2011 - The top manufacturing countries:
1. United States
2. China
3. Japan
4. Germany
5. Russian Federation
6. Italy
7. United Kingdom
8. France
9. South Korea
10. Canada

www.uhycontent.com...

So, although China is most certainly now a manufacturing force to be reckoned with...the United States is most probably still number two in the world - and with a lot of underutilized manufacturing capacity that can be ramped up again in a heartbeat.

2-more fantasizing, who told you china was a capitalist country, bloomberg, the WSJ? HELLOOOOO!!!! CCP!!!?

I have lived, worked and do business in China. I can confirm for you first hand that China is one of the most entrepreneurial and capitalistic countries on the planet. Sure they have a one-Party political system...but that one-Party system is geared to maximize international business success (because that's how the political elite get rich), by manipulating their currencies, by having very low environmental standards, low wages, low workplace safety standards, low benefits, no intellectual property protections...should I go on?

4- the winners write the rules, see reply #2, and paper money is ultimately worthless , land resources and a subject population weakened by self-immolation post economic-collapse will more than make up for a piddly monetary loss, i'm sure chinese millionaires and billionars losing most if not all their recently made money will be quite content to become the mandarins of new york, california, florida, and the remaining 47 states [plus territories]

but hey, with thinking like that it's inevitable now

Paper money (or electronic money if you prefer) is merely a convenient standard of exchange for goods between parties who do not have something of direct barter value to offer. To say that it is worthless...is to say that you don't understand money, or the basic concepts of notes of exchange, at all.

"weakened by self immolation post economic-collapse"...not even sure I want to guess at what you are mumbling about there. And any Chinese millionaires and billionaires who have lost their fortunes through some process that you have in your head (ie. one I can't quite decipher from your writing)...will not become the mandarins of anything, let alone major economic centers in America...let alone being content about anything.

The greatest thing that the Communist Party in China fears is the population revolting against it. The Chinese people are not afraid, if really provoked, to attack Employers, Government Officials, Police Offices etc. In the recent downturn there have scores of uprisings due to factory closings or downsizings.

The Central Government is always careful to be sure that there is some distance between themselves and local and provincial officials - so that they can always give the appearance of coming down from above to solve problems "for the people."

But, as noted, their greatest fear is that some day something will happen that the masses will blame on the Central Government - something like, say, a major domestic economic crash. The people there have had a taste of the money...are avid consumers of brand name products...have seen a lot of people get filthy rich in a short time...have their own star system of actors, singers and businessmen...have made money buying and selling real estate...spend huge amounts of money to pay for their children's education (so they too can benefit from China's economic rise).

A severe recession or depression in China would rapidly lead to chaos...the people there have never been through the down part of a cycle, and will not likely handle it very well.

Originally posted by moniesisfun
reply to post by detachedindividual

 

Shows you how controlled western media is. It's blacklisted for a reason. Try searching for articles written in chinese and translate it. Probably have better luck.

That's total BS.

There are hundreds of thousands of traders and bankers fluent in Chinese and English - it's their job to be able to communicate between the largest markets on the planet. They make millions of $'s a year handling agreements, contracts and daily business deals between China and the west.

Do you not think that just one of them would be screaming about this if it had actually happened?

And it's not only those translators either. This would be a topic of discussion in every finance firm around the world. Every trading company, every banker, every government would be in session talking about it within minutes of the statement being made.

Companies with hundreds of traders on floors of office space would have been calling meetings and issuing announcements to their staff within an hour of the statement being made.

If this had actually happened as reported in the OP, it would be ALL OVER the net.