Davos... Saudi's say they will sell oil how they want..

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  • Davos... Saudi's say they will sell oil how they want..

    Whatever currency they want to sell it with.. US dollar is going down the toilet.. That was the only thing propping up the dollar.. Gonna be a bumpy ride boys..
    Saudi Arabia is opening its economic doors about trading in currencies other than the US dollar, Finance Minister Mohammed Al-Jadaan
    As of April 2nd, boatless for the first time in many years.
    2019 Tidewater 252 CC Twin F150's- SOLD
    2016 Tidewater 230 CC VF250 SHO- SOLD
    Mobile, Al.
    Dauphin Island, Al.

  • #2
    Indeed.

    Props to V13 for being the one to point this out some time ago.

    Although for those paying attention, the chalk dust on the floor was hard to miss.
    Bob

    S Central PA

    Comment


    • #3
      Originally posted by duckfish View Post
      Indeed.

      Props to V13 for being the one to point this out some time ago.

      Although for those paying attention, the chalk dust on the floor was hard to miss.
      Absolutely. To me, it’s biblical. One world currency, one world government. Something has to take place in the US for that to happen.
      As of April 2nd, boatless for the first time in many years.
      2019 Tidewater 252 CC Twin F150's- SOLD
      2016 Tidewater 230 CC VF250 SHO- SOLD
      Mobile, Al.
      Dauphin Island, Al.

      Comment


      • #4
        It's my understanding they are selling to China in exchange for the Yaun or is it Yuan? This will drive inflation here at home higher. If it does and other countries get on board we are in for a world of hurt here at home.

        Again, this is a created problem so that they can solve an unseen problem and get us ever closer to world domination.
        This posting is provided "AS IS" with no warranties either expressed, written or implied and confers no rights.
        You assume all risk for your use. The author is not responsible for your inability to understand logic, ambiguous references, sarcasm, the imaginary friends living inside my head or William Shatner's acting ability.

        Comment


        • #5
          Chinese philosophy:

          1). Flood the world with cheap shitty products
          2). Put the competition out of business, Be the sole supplier
          3). Start a conflict. Cut off supply of consumables
          4). Countries try to prepare for conflict. Tools break,
          5) Chinese send over 200million soldiers as suicide squad. They simply walk in. Each takes out 1 person.
          6). America loses 1/2 its population. China loses 5%.

          Comment


          • Sans Peur
            Sans Peur commented
            Editing a comment
            Plus, how the hell do they send 200 million soldiers over here? The main thing that keeps us protected is that large moat that surrounds us and the narrow approach from the south.
            The logistics are pretty unsurmountable.

          • NO WAKE
            NO WAKE commented
            Editing a comment
            Just wait till they come through the rural sections. Might be in for a rude awakening!

          • LFBB
            LFBB commented
            Editing a comment
            Sink em as they tool across the lake.

        • #6
          Originally posted by Billinfla View Post
          Chinese philosophy:

          1). Flood the world with cheap shitty products
          2). Put the competition out of business, Be the sole supplier
          3). Start a conflict. Cut off supply of consumables
          4). Countries try to prepare for conflict. Tools break,
          5) Chinese send over 200million soldiers as suicide squad. They simply walk in. Each takes out 1 person.
          6). America loses 1/2 its population. China loses 5%.
          They wait for the armed services to have the day off for a gay pride parade?

          Comment


          • #7
            China wouldn't need to invade us - just pay Mexico to land, then march up over our undefended border.

            Comment


            • #8
              Originally posted by KMac View Post
              Whatever currency they want to sell it with.. US dollar is going down the toilet.. That was the only thing propping up the dollar.. Gonna be a bumpy ride boys..
              https://thedeepdive.ca/saudi-arabia-...e-petrodollar/
              Back when TOS wasn't a cesspool I had many threads on this very topic.

              The day that oil is no longer primarily traded in USD is the day that we past the point of no return.

              Simple solution. If you receive more than $1 in aid from the USA, you are compelled to buy/sell oil in USD. Zero tolerance.

              Not sure how you could audit it. But that's the only way.

              Comment


              • #9
                "With Saudi Arabia leading the pack, many countries–especially OPEC+ clients–might follow suit. However, some observers noted that while there may be a multicurrency system coming our way, the possibility of dollar being replaced as the world’s reserve currency would probably be not imminent since no currency is yet to be considered a strong contender to replace it."

                Bullshit.

                Comment


                • #10
                  10: Canadian Dollar (CAD)


                  Canada’s official currency, colloquially known as the Loonie, is the sixth most traded currency on forex markets. Its value is derived from the country’s wealth of natural resources including crude oil and uranium. However, its value is heavily dependent on the U.S. Dollar, as most of the country’s trade is done with its downstairs neighbor. 9: United States Dollar (USD)


                  The U.S. Dollar is simultaneously the world’s most traded currency and makes up most federal reserves around the globe. It’s number nine on this list due to the amount of countries and people eager to trade and hold onto the Dollar. 8: Swiss Franc (CHF)


                  An outlier on this list, the franc did not achieve this placement because of popular exports. Instead, the stability and wealth of Switzerland make it a popular reserve currency. No matter what disasters befall the world, the Swiss Franc is likely to be unaffected, and thus there is a high demand for it. 7: Euro (EUR)


                  The second largest reserve currency, the Euro is the official currency of the European Union. But you probably already knew that. The economic strength of the 27 countries in the EU give the Euro not just stability but value as well. 6: Cayman Islands Dollar (KYD)


                  The Cayman Islands placing sixth on this list may seem like a bit of an outlier but consider the sort of business the British overseas territory is best known for. They provide offshore banking licenses for thousands of companies.

                  In addition, the Cayman Islands Dollar is one of three currencies on this list that maintain a fixed exchange rate to the U.S. Dollar. 5: Pound Sterling (GBP)


                  The Pound Sterling is the official currency of Great Britain and many of their overseas territories. Some of these territories have their own currencies linked at a one-to-one exchange rate with the Pound.

                  The Pound specifically is valued higher than the U.S. Dollar because of Britain’s low inflation. At one point the pound was worth nearly five U.S. Dollars, but it has depreciated throughout the last century as Britain lost its vise grip on the world’s economy. 4: Jordanian Dinar (JOD)


                  The Jordanian Dinar is a significant outlier in this group. Jordan has struggled to grow its economy, and as a nation it holds significant debt. There are few competitive exports coming out of Jordan, however, the Arab country managed to peg its currency to the U.S. Dollar over 20 years ago. This has provided the Jordanian dinar relative stability despite the country’s poor economy. 3: Omani Rial (OMR)


                  The significant jump in value between the Jordanian Dinar in fourth and the Omani Rial here is due to the country’s strong petroleum production. Sharing the tip of the Arabian Peninsula with Yemen, the country as ample access to the valuable natural resource. 2: Bahraini Dinar (BHD)


                  Bahrain sits on the Persian Gulf and, like Oman, is a major exporter of crude oil. The country has also pegged its currency to the U.S. Dollar at 2.6008 since 1986. 1: Kuwaiti Dinar (KWD)


                  The title of the world’s strongest currency belongs to the Kuwaiti Dinar.

                  Also located on the Persian Gulf, Kuwait receives over 80% of its global revenue from the oil industry. Many of these sells take place with the U.S., giving Kuwaiti and the other top three currencies on this list large reserves of U.S. Dollars to back their own currencies.

                  The Kuwait Dinar i
                  This posting is provided "AS IS" with no warranties either expressed, written or implied and confers no rights.
                  You assume all risk for your use. The author is not responsible for your inability to understand logic, ambiguous references, sarcasm, the imaginary friends living inside my head or William Shatner's acting ability.

                  Comment


                  • #11
                    Originally posted by LFBB View Post
                    10: Canadian Dollar (CAD)


                    Canada’s official currency, colloquially known as the Loonie, is the sixth most traded currency on forex markets. Its value is derived from the country’s wealth of natural resources including crude oil and uranium. However, its value is heavily dependent on the U.S. Dollar, as most of the country’s trade is done with its downstairs neighbor. 9: United States Dollar (USD)


                    The U.S. Dollar is simultaneously the world’s most traded currency and makes up most federal reserves around the globe. It’s number nine on this list due to the amount of countries and people eager to trade and hold onto the Dollar. 8: Swiss Franc (CHF)


                    An outlier on this list, the franc did not achieve this placement because of popular exports. Instead, the stability and wealth of Switzerland make it a popular reserve currency. No matter what disasters befall the world, the Swiss Franc is likely to be unaffected, and thus there is a high demand for it. 7: Euro (EUR)


                    The second largest reserve currency, the Euro is the official currency of the European Union. But you probably already knew that. The economic strength of the 27 countries in the EU give the Euro not just stability but value as well. 6: Cayman Islands Dollar (KYD)


                    The Cayman Islands placing sixth on this list may seem like a bit of an outlier but consider the sort of business the British overseas territory is best known for. They provide offshore banking licenses for thousands of companies.

                    In addition, the Cayman Islands Dollar is one of three currencies on this list that maintain a fixed exchange rate to the U.S. Dollar. 5: Pound Sterling (GBP)


                    The Pound Sterling is the official currency of Great Britain and many of their overseas territories. Some of these territories have their own currencies linked at a one-to-one exchange rate with the Pound.

                    The Pound specifically is valued higher than the U.S. Dollar because of Britain’s low inflation. At one point the pound was worth nearly five U.S. Dollars, but it has depreciated throughout the last century as Britain lost its vise grip on the world’s economy. 4: Jordanian Dinar (JOD)


                    The Jordanian Dinar is a significant outlier in this group. Jordan has struggled to grow its economy, and as a nation it holds significant debt. There are few competitive exports coming out of Jordan, however, the Arab country managed to peg its currency to the U.S. Dollar over 20 years ago. This has provided the Jordanian dinar relative stability despite the country’s poor economy. 3: Omani Rial (OMR)


                    The significant jump in value between the Jordanian Dinar in fourth and the Omani Rial here is due to the country’s strong petroleum production. Sharing the tip of the Arabian Peninsula with Yemen, the country as ample access to the valuable natural resource. 2: Bahraini Dinar (BHD)


                    Bahrain sits on the Persian Gulf and, like Oman, is a major exporter of crude oil. The country has also pegged its currency to the U.S. Dollar at 2.6008 since 1986. 1: Kuwaiti Dinar (KWD)


                    The title of the world’s strongest currency belongs to the Kuwaiti Dinar.

                    Also located on the Persian Gulf, Kuwait receives over 80% of its global revenue from the oil industry. Many of these sells take place with the U.S., giving Kuwaiti and the other top three currencies on this list large reserves of U.S. Dollars to back their own currencies.

                    The Kuwait Dinar i
                    Too much coffee? I can't read all that...

                    Comment


                    • #12
                      Originally posted by Billinfla View Post

                      Too much coffee? I can't read all that...
                      Just read the parts that are in bold.
                      This posting is provided "AS IS" with no warranties either expressed, written or implied and confers no rights.
                      You assume all risk for your use. The author is not responsible for your inability to understand logic, ambiguous references, sarcasm, the imaginary friends living inside my head or William Shatner's acting ability.

                      Comment


                      • #13
                        Don't be swayed by the media push on China being this powerful nation. That couldn't be further from the truth. China is on a serious population decline , they must import almost every resource to survive , they have no innovation except from western countries. China is losing in the chip manufacturing market. Chinas work force is aging out due to the 1 child policy , They have also over estimated their population on purpose but now the real data is coming out. Chinas zero covid policy is coming back to bite them hard as they have no herd immunity built up. Their health care system sucks as well.

                        Comment

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