https://asia.nikkei.com/Politics/In...itch-dollar-in-move-toward-financial-alliance Old news rehashed? or a coming of age?
Yer The chinese might have had a chance at making the rmb the next world currency but they fucked that chance. They couldnt help them selves but make them selves out as the bad guy and the people not to trust financially, they tried hard to look trust worthy and failed, now they have given up all together with thier world PR campaigns as that was to hard and swapped it for muscle and no one is copping that . no country in their right mind would swap the USD out for the RMB. The USD is going tobe fine and will stay where it is. Unless china goes to war and actually wins, the RMB future would be more questionable than the USD IMO
well, too lazy to search for citations so take it all with a grain of salt, but... Apparently some of the oil bearing nations were looking to move away from completing their trades in the USD for several reasons. Firstly they had to buy USD in order to trade, secondly the greenback is a promisary note and apparently not acceptable in Islamic circles. They wanted to trade in gold instead, using the islamic units of dirahm and the other one. I think the main countries who were looking to do this were Iraq, Iran, Libya and Syria. Not sure what happenned to them after that. All a bit vague and consipracy theory ish but that's how I like my drama!
A year ago, I made an a somewhat reckless remark that the price of oil will fall to zero. Well, it didn't take 30 years. As for the RMB, no chance as the current system isn't sustainable. Already proven by history. But I can foresee a Republic of China dollar reserve currency in the far future. https://www.silverstackers.com/foru...oil-facility-under-drone-attacks.93081/page-6
The US can produce enough oil to meet domestic demand. It just needs the $$ and the legislative approval. Now I’m not sure about Australia, but when it comes to $$ there’s no problem.
it is ok for US to buy lots of oil from Russia, directly supporting Russia but it is not ok for Germany to buy gas from Russia, as Trump cannot understand, why the US need to protect Germany from Russia USD is jealous about Euro Beirut is asking International community for direction, it's like what ??? the people are totally lost there??? for oil has a history of 50 cents per barrel USD, so for US$0... there is no surprise there for any national currency once tied to gold, the paper nakedness is exposed for all to see, the countries must be able to stand up to any big bully the paper only non standard would not be able to trade with others, only gold has a say
Good question. Why does the US needs to protect Germany from Russia? Now that Germany is unified and very powerful. I think it's the other way round, the US is protecting Russia from Germany... Germany can protect itself and doesn't need American protection. The same can be said of Japan.
its not about protection, but what can the USA do to you, when their foot soldiers are in your house? https://www.rt.com/usa/497873-pompeo-sanctions-belarus-crackdown/ they stop selling you oil and place you under their friendliest sanctions why Belarus will go to Russian for their oil, its just too obvious
using oil as weapon, trying to sanction North-Stream2, that would be completed anyway making Germany too reliant on Russia Merkel to Trump, but you bought more Russian oil than we bought Gas from Russia lol, Sie sind absolut abhängig von russischem Öl
It's looking like US bonds (world savings account) are becoming more and more undesirable and irrelevant. But at the same time the would still wants to save in a safe and liquid asset. Maybe 2021 will see gold become part of a global reserve currency after all. This video talks about some points.
Macro Voices produced a fantastic podcast regarding the US Dollar End Game. This has to be one of the best talks I've listened too. It was recorded in late 2017. https://www.macrovoices.com/336-anatomy-of-the-u-s-dollar-end-game-part-1-of-5 direct mp3 link -Overview of the big picture story -Perspectives on where we are today -Bulls vs. Bears (nobody wins) -Bank of Russia operations in FX repo auctions -Brazilian Real and the US dollar funding -China’s management of the US dollar -The evolving Chinese response https://www.macrovoices.com/337-anatomy-of-the-u-s-dollar-end-game-part-2-of-5 direct mp3 link -The post 2007 U.S. Dollar shortage -How does the dollar scarcity play out? -Problems facing China at the moment -Considerations on China’s gold buying -Is a RMB crypto currency possible? -Do American politicians even know there is a problem? -Dollar short squeeze not a U.S. Dollar bull -Global De-dollarization https://www.macrovoices.com/338-anatomy-of-the-u-s-dollar-end-game-part-3-of-5 direct mp3 link -U.S. Dollar Cyclical Pattern -Looking at the Dollar Technicals -Is there room for one more rally? -Gold and the Oil for Yuan Plan -Impacts to Emerging Markets -Demographics, Deflation and Lower Rates -Welcome to Multi-Polar FX World -China and Russia’s end-game strategy https://www.macrovoices.com/343-anatomy-of-the-u-s-dollar-end-game-part-4-of-5 direct mp3 link -Gold as a Reserve Asset -Gold/Oil Ratio -Bypassing the US Dollar -Dollar shortage caused by oil price -Deficits starting to matter -U.S. losing its status as a hegemonic power -Logistics in replacing the U.S. System -How does the end of Dollar Hegemony occur? https://www.macrovoices.com/347-anatomy-of-the-us-dollar-end-game-part-5-of-5 direct mp3 link -What sign posts for the big change? -Potential triggers for a lower U.S. dollar -Can structural changes be implemented -Which investment assets will work the best? -Which investment assets will work the worst? -Considerations on investment portfolios
MARKETS S&P DJI to remove 21 Chinese firms from equities and bond indices https://www.cnbc.com/2020/12/10/sp-...RaacMZgYdIgtDmmXfe5bFDMqrHamGPGsa2bQiLqNsj3P8
he got the job, for 4 or 5 ‘First black Defense Secretary in 200 years’: Biden officially picks retired Gen. Lloyd Austin to head Pentagon