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

If this is true it is over.

According to Lindsey Williams The Chinese Started Selling Oil in the Yaun and Russia is supplying them. So Either the dollar will crash as people rush to get out of them or we are on the cusp of WWIII...

Now I tend to take LW with a grain of salt but he has been pretty accurate in the past. This article does some corroboration and it looks like this is true but it needs to be checked out thoroughly. Not a peep from the MSM.

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. It just sickens me we are still fighting over oil and resources in the 21st century...sigh.

There is a story running doing the rounds regarding Lindsey Williams announcement below that China announced that it will sell oil using the Yuan in a major move away from the dollar. Although no official source was listed in the reblogged articles I did manage to find a few stories below which lends some credibility to Williams claims below:

Lindsey Williams: “The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine.”

“On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

We already know China has signed trade agreements with various nations to trade in renminbi.Due to the euro crisis in Europe and growing demand from Asia, Russia is looking to export more to China in particular and is already building a pipeline to export to China by the end of 2012 as reported by the StarTribune:

Russia wants to be more than a supplier of natural resources to Asia, however, and is eager to attract the investment it needs to diversify and modernize its economy.

The first pipeline to send oil east to China began operation in early 2011. An extension of the pipeline to a port near Vladivostok is scheduled for completion by the end of this year, and Russia wants to build plants there to produce petro-chemicals and fertilizers, adding value to its exports.

After the APEC conferance it was reported by energyglobal.com that China will export oil from its Tianjin facility.

The Russian and Chinese governments have agreed to allow oil products to be exported from the Tianjin refinery which is located north of Beijing. The facility is a joint venture between OAO Rosneft and China National Petroleum Corp. Construction of the 13 million tpy facility begun in 2010 and is 51% owned by the Chinese partner. Exporting oil products from the site will have add a major boost to the facility’s profitability.

alternativeeconomics.wordpress.com...

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Originally posted by hawkiye
If this is true it is over.

It is worth considering whether the USA allowed China to grow in the manner it did to set up a new cold war and therefore justify an expanded military industrial complex.

On the other hand, the silver lining of a new cold war may be the return of manufacturing jobs to the West.

reply to post by ollncasino


The currency is too inflated for that. it just going to excellerate and collapse. How about a world war?

Originally posted by hawkiye
If this is true it is over.

According to Lindsey Williams The Chinese Started Selling Oil in the Yaun and Russia is supplying them. So Either the dollar will crash as people rush to get out of them or we are on the cusp of WWIII...

Cool. Its about time the shtf.

This also make sense of DHS and law enforcement buying up millons of rounds of ammo and equipment etc. laong with government hoarding etc. They know whats coming.

This guy thinks we may have only 30 days...



Talking about this starts at 59 minutes in.

the u.s. doesn't care what oil in what currency oil is traded in.

all it has to do is invade another middle east country to satisfy demand.

now with iraq's and libya's oil fields firmly in their control, the u.s. has a steady supply of cheap oil for the next hundred years.

reply to post by hawkiye


I don't think it's 30 days.. I am not in the know. In the last 2 years I have learned more about what money is and what it isn't than my entire life before that..

If this OP is true.. It is what I thought would happen.
If it's what I thought would happen there isn't enough time left to fix the US.
We are in trouble.

OR

They are backing down a dang Beast into the corner.

Different points have me worried. It's not connect the dots, but there are these things going on that can only end up bad.

Obama has been picked to be president, so what is he good at?

I remember this game I used to play.. It was called "World War III Black Gold" heh, Looks like prophesy rather than fun at this point.

reply to post by randomname


um, no.

They do care. There is allot of profit and power in being a standard currency. Please inform yourself a little better. They cannot just invade countries...they are not Vikings. The world community asks them to.....we are the hessians.


they will not like buying oil in Yen.....that is insane.

Originally posted by randomname
the u.s. doesn't care what oil in what currency oil is traded in.

all it has to do is invade another middle east country to satisfy demand.

now with iraq's and libya's oil fields firmly in their control, the u.s. has a steady supply of cheap oil for the next hundred years.

Have you ever heard of the petro dollar? Yes they do care we went into Iraq because he started selling oil in other then dollars. Now Syria, and Iran is next. But now that china is that is a whole nother ball game. The dollar is pegged to oil. Now that it is not the countries that hold our debt will start unloading it like gangbusters and we are done!

I appreciate the possible aspect.

But, I have an honest question. How will this play out for Iran? I mean many here are convinced that China would step in if Iran is attacked because they are so reliant on Iranian oil presently and not only that, but are also the Saudi's largest customer. Which gives China some leverage in the ME.

But, If they will have enough Russian oil to not only supply their own huge growing internal demand and now supposedly be able to export it, Doesn't that mean they wont be so dependent on Iranian oil?

And not only that, but will now compete with Saudi Arabia and Iran for oil exports? Which would theoretically make a relationship with both Iran and the Saudis less important and lose regional influence?

Something doesn't [Excuse the phrase] sound Kosher.

I'll take a wait and see approach.

Originally posted by randomname
the u.s. doesn't care what oil in what currency oil is traded in.

all it has to do is invade another middle east country to satisfy demand.

now with iraq's and libya's oil fields firmly in their control, the u.s. has a steady supply of cheap oil for the next hundred years.

Wrong.. Don't you know why we can borrow money in the first place? It's because people have to LITERALLY buy US dollars. If we aren't in that loop we go under in a few months.. When people don't care about US dollars, because they want to buy oil, and that its all Chinese currency, that's when we get destroyed.

Libya wanted to change what the oil was traded in.. To gold Dinars... And then BAM. It's not directly OIL that is important it is markets... How things are traded makes/breaks more money than owning something really does... We don't need access to oil, we need access to credit.

reply to post by SLAYER69


I don't think any of that really matters. Other countries only keep dollars because they need them to buy oil. Now that they don't have to what do you think they will do with them? they know we are trillions in debt they will get out of the dollar like a scalded dog.

It's been a few days since we had the the "economy is gonna collapse, ww3 is right around the corner" thread..It's like a damn broken record player around here sometimes. Lindsey Williams is about as reliable as screen doors on a submarine..Him, Alex Jones, and Benjamin Fulford need to get together and have an orgy of economy collapses and ww3 idiotic rhetoric..Sad thing is people would believe everything they said. Hook, line and sinker.. Only Benjamin is smart enough to get you dumb asses to PAY for his non-sense.

I would be very cautious with alarmist messages such as in this case. All out war, imminent economic collapse etc. appears to be far more ineffective as the implementation and execution of the "theory of chaos" outlined in the excerpt taken from the article below.

The focus of external relations would not be on peace and ethics, but on conflict and instability. The point of negotiation would be to prolong the space available for preparations necessary to sustain tension rather than to reach consensus and resolution. Equilibrium in world affairs would not be measured by the resolution of conflict but by the amount of conflict that could be maintained smoldering. Internal politics could operate in the same way. A politics of formal toleration would cover the fanning of tension between the righteous and others.

The point of international relations would not be war—war is unnecessarily expensive and decisive. But rather, international relations would have as its focus the maintenance of smoldering conflicts, burning brightly from time to time, but never resolved. For that purpose, modern, western inspired, international law norms—including the human rights and humanitarian law, and the laws of war—could prove immensely useful. These rules tend to limit the intensity of conflict—and to manage the civilian population for the benefit of the ultimate winners (or for the duration, the combatants in control) . Modulated use of incidents, reprisals, accusations of low level acts of human rights or humanitarian law violation all would tend to keep conflict fresh and to involve a large portion of the world community. Where such activity occurs in multiple flash points, then one can easily extend the potential effects of conflict and chaos far beyond the site of actual conflict.

Law at the end of the day

gulf news

commodityonline

bbc business

exchanges rates

wiki iran oil

Originally posted by hawkiye
I don't think any of that really matters.

I disagree.

It would matter to those oil exporting countries and affect millions of people.

Other countries only keep dollars because they need them to buy oil. Now that they don't have to what do you think they will do with them? they know we are trillions in debt they will get out of the dollar like a scalded dog.

It was a speculative question.
We will see.

reply to post by Dustytoad


That explained it well and to the point, star for you.

It is not about the actual oil per se, but the currency used in trading it. Thus, it doesn't matter if the corporations reaping the oil bonanza and pumping it out of the ground, in those countries the west have overthrown, are American, British, French, Dutch etc, it is the currency used to buy and sell it that matters. Take that away and the US, and by extension, it's big banks, lose out big time. Decades of the US dollar being propped up by oil transactions will rapidly unwind and they won't be able to invade everyone who jumps ship.

It's always puzzled me how so many Americans, who champion capitalism and free markets, cry fowl when the same markets won't work in their favour and see it as a personal attack.

The idea that a hostile stance against China will see the big corporations bringing the jobs back to the US is also a pipe dream. The corporations and their big wall street investors will not want to see one penny in profits disappear, so they'll either continue to keep the jobs in China or move them to another emerging economy in another third world country. Profit for the banks trumps everything!

reply to post by TheLonewolf


Actually LW has a pretty accurate track record can you prove other wise? And I have said this needs to be checked more thoroughly but the article has some corroborating evidence and one can connect other dots.

People will be saying the same things as you right up till the day it actually does crash just like they were right before the crash of 29 and 2008... We are already fighting over oil and resources and have been for decades do you think this is all sustainable?

The point is that it is a mathematical certainty that it will crash, if this article is true it could happen pretty fast... But you are free to ignore it and go watch American Idol or football or whatever...

Perhaps someone can enlighten me on the significance of this. Surely the buyer and seller in any transaction are free to decide on which currency they will use. It could be dollars, yen, euros, sterling or the Swiss franc, just so long as both sides are happy. I don't understand why lengthening that list to include the Chinese currency should suddenly spell the end of the dollar and life as we know it.

reply to post by TheLonewolf


A lot of us just want things to go to hell because we are exhausted of the slow death we have been falling towards for many years. We want things to either snap and collapse or rocket off into space. Anything but this long, boring suffering.

Lets see recipe for disaster

1 pinch of petrodinar trade (using petrodollar the cake wont rise)
2 cups of cheap Iran uranium sell out (50K rod, 50K rods, get your rods here, cheap!)
3 gallon of China-Euro instead of China-Dollar (Why USA dont manage their debt ? Losing trust)
4 tonne of Israel pushing for war with Iran (I really wonder why Israel pushing for their death)
5 block of inflated economy by the Fed (Ask the Fed where they get their money!)

Bake until Obama went down and wait until Romney went up. To realise Obama ready to step down - change of policy and Romney patted by the zionists.

I think we all set to see 1 SHTF. Once Obama down, I guess we all set to go.
Romney is the new Bush, mark my word.