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CHINA BEGINS SELLING OIL USING YUAN i

yoda878
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9/18/2012 11:05:06 AM
Posted: 4 years ago
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Comment: 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

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.

Since China is not a natural oil producing nation, the question most people will ask is how will the Asian economic power get enough oil to affect dollar hegemony? That question was also answered by Lindsey Williams when he pointed out a new trade agreement that was signed on Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.

Comment: Lindsey Williams: "This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar."

"Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product."

"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar." -Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

These duo actions by the two most powerful adversaries of the U.S. economy and empire, have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.

This new agreement between Russia and China also has serious ramifications in regards to Iran, and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable affect, as the rogue nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.

The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the U.S. dollar as the world's reserve currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency.

Give me your thought?? I'm not hearing this on the news and why not??
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imabench
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9/18/2012 11:14:01 AM
Posted: 4 years ago
China imports a sh*tload of its oil, way more then they export it. In fact China imports 21 million tons of oil and only exports about 106 thousand tons (.1 milion)... So if they are selling their own limited sources on the yuan but the world still buys its oil mostly from the Middle East which still uses the dollar, then Im not really concerned unless im missing something here.

http://www.reuters.com...
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slo1
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9/18/2012 11:29:21 AM
Posted: 4 years ago
Not big news because the Chinese currency market does not have enough liquidity to threaten the US dollar in the mid term.

It does highlight the bigger threat that our currency will be under pressure down the road. That is why we need smart politicians rather than those beholden to party rhetoric to lead us. Our decisions as a nation in the next 30 years will have a critical role as to where we are in 100 years.

If we can find the sweet spot where the $ declines and:
- lessens our debts to bond holders via inflation.
- increase global competitiveness
- brings jobs back on shore
- elevate the risk/reward to get off of oil for once and for all.
- yet allows us to comfortably run our finances with decent interest rates.

It could be just what we need.
RoyLatham
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9/18/2012 2:30:24 PM
Posted: 4 years ago
It is a milestone, but it marks a step in American decline and won't have an immediate effect. If the Saudis are taking yuan in payment for oil, they then have to turn around and convert the yuan to dollars or to some other currency to buy products or make investments. The exception is buying products from China or investing in China, so there is probably some encouragement to do that.

It's like the U.S. losing it's top bond rating. It marks decline, but the event itself is not catastrophic. The goal of leftists is to make the US mediocre. When mediocrity is the goal, success is marked y decline.
yoda878
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9/18/2012 2:45:28 PM
Posted: 4 years ago
I am beginning to think this is much worse we have always been the dollar compaired for crude oil. Now we do not set the standard anymore, they don't even have to compare our dollar, they can use the Yuan. This will make the Yuan more valuable and will make our dollar go down.
See I watch the trade value b/c I got caught up in the Dinars hype, but now I am worried about the us dollar more so then I was last month.
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imabench
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9/18/2012 2:48:09 PM
Posted: 4 years ago
At 9/18/2012 2:30:24 PM, RoyLatham wrote:
It is a milestone, but it marks a step in American decline and won't have an immediate effect. If the Saudis are taking yuan in payment for oil, they then have to turn around and convert the yuan to dollars or to some other currency to buy products or make investments. The exception is buying products from China or investing in China, so there is probably some encouragement to do that.

It's like the U.S. losing it's top bond rating. It marks decline, but the event itself is not catastrophic. The goal of leftists is to make the US mediocre. When mediocrity is the goal, success is marked by decline.

Come on Roy youre smarter then that.
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
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lewis20
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9/18/2012 3:47:27 PM
Posted: 4 years ago
At 9/18/2012 2:30:24 PM, RoyLatham wrote:
It is a milestone, but it marks a step in American decline and won't have an immediate effect. If the Saudis are taking yuan in payment for oil, they then have to turn around and convert the yuan to dollars or to some other currency to buy products or make investments. The exception is buying products from China or investing in China, so there is probably some encouragement to do that.

It's like the U.S. losing it's top bond rating. It marks decline, but the event itself is not catastrophic. The goal of leftists is to make the US mediocre. When mediocrity is the goal, success is marked y decline.

The leftists are behind China leaving the dollar?
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MouthWash
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9/19/2012 5:16:38 PM
Posted: 4 years ago
At 9/18/2012 2:30:24 PM, RoyLatham wrote:
It is a milestone, but it marks a step in American decline and won't have an immediate effect. If the Saudis are taking yuan in payment for oil, they then have to turn around and convert the yuan to dollars or to some other currency to buy products or make investments. The exception is buying products from China or investing in China, so there is probably some encouragement to do that.

It's like the U.S. losing it's top bond rating. It marks decline, but the event itself is not catastrophic. The goal of leftists is to make the US mediocre. When mediocrity is the goal, success is marked by decline.

I'd sig this but I prefer all attention on Hegel.
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
OberHerr
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9/19/2012 5:17:25 PM
Posted: 4 years ago
And in other news, Darth Vader is Luke's father.
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imabench
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9/19/2012 5:20:13 PM
Posted: 4 years ago
At 9/19/2012 5:17:25 PM, OberHerr wrote:
And in other news, Darth Vader is Luke's father.

THANKS FOR RUINING IT FOR ME
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
MouthWash
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9/19/2012 5:20:25 PM
Posted: 4 years ago
At 9/19/2012 5:17:25 PM, OberHerr wrote:
And in other news, Darth Vader is Luke's father.

I smell the Pulitzer Prize.
"Well, that gives whole new meaning to my assassination. If I was going to die anyway, perhaps I should leave the Bolsheviks' descendants some Christmas cookies instead of breaking their dishes and vodka bottles in their sleep." -Tsar Nicholas II (YYW)
OberHerr
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9/19/2012 5:24:32 PM
Posted: 4 years ago
At 9/19/2012 5:20:13 PM, imabench wrote:
At 9/19/2012 5:17:25 PM, OberHerr wrote:
And in other news, Darth Vader is Luke's father.

THANKS FOR RUINING IT FOR ME

Isn't it kind of funny how its like a cultural thing that Darth Vader is Luke's father(DVILF)? I mean, I've always know that DVILF......I wonder what it was like, when people first saw the Empire Strikes back, and its revealed....I wonder if it was a "WTF?!" moment.....were the shocked? Was it a big deal?

*sigh*
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Frederick53
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9/19/2012 5:33:04 PM
Posted: 4 years ago
At 9/18/2012 2:30:24 PM, RoyLatham wrote:
It is a milestone, but it marks a step in American decline and won't have an immediate effect. If the Saudis are taking yuan in payment for oil, they then have to turn around and convert the yuan to dollars or to some other currency to buy products or make investments. The exception is buying products from China or investing in China, so there is probably some encouragement to do that.

It's like the U.S. losing it's top bond rating. It marks decline, but the event itself is not catastrophic. The goal of leftists is to make the US mediocre. When mediocrity is the goal, success is marked y decline.

I know that it is difficult to explain what to you seems ridiculous, but what possible reason could liberals such as myself have for waning to make the US worse? How could we benefit? I mean, the goal of achieving smug satisfaction isn't really substantial enough to drive an entire ideology.
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