Iran stopped selling its oil for US dollars on March 21. That propelled them to the top of the to-be-smashed list. North Korea is patently a vassal Chinese state. China would never allow that buffer to be removed from their border.
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Iran stopped selling its oil for US dollars on March 21. That propelled them to the top of the to-be-smashed list. North Korea is patently a vassal Chinese state. China would never allow that buffer to be removed from their border.
It's all over for Trump!
'Jean-Michel Jarre to play anti-Donald Trump Dead Sea concert'
https://www.theguardian.com/world/20...ad-sea-concert
Go on Jean-Michel. Kick the the deluded, egocentric, liar when he's down. Not gurning now, eh Donald?
Giving Trump the Oxygene of publicity.Originally Posted by jon1959
It's all over for Trump!
'Jean-Michel Jarre to play anti-Donald Trump Dead Sea concert'
https://www.theguardian.com/world/20...ad-sea-concert
Go on Jean-Michel. Kick the the deluded, egocentric, liar when he's down. Not gurning now, eh Donald?
TIME magazine have told Trump to take down the fake cover that he has framed and hung up around five of his golf clubs
Forget that, just tell us where the DNC server is hiddenTIME magazine have told Trump to take down the fake cover that he has framed and hung up around five of his golf clubs
China and Russia are trying to arrange a market for crude not paid for in dollars. Some real politiking.
Yes, Russia, the world's largest oil producer, has been selling the two million barrels of what they export to China each day in exchange for Chinese yuan rather than US dollars. China is the world's number one oil importer at eight million barrels per day. They are strongly rumoured to be set next month to offer oil sellers from everywhere else to accept their yuan for oil with the option of then being able to convert those yuans for gold. The more barrels of oil that's sold not for US dollars weakens it, the petrodollar, as there's less demand for them to settle oil trades.
The US has lived way beyond its means since the early 1970s by exporting inflation through the petrodollar, and despite that has racked up a $20 trillion national debt which is 105% of their GDP. Saddam was removed because he was about to switch to euros from US dollars for Iraq's oil. Gaddafi proposed an African gold backed dinar as payment for his country's production, he went the same way pretty sharpish. Venezuela, which has the largest in the ground oil reserves on the planet, recently stopped taking US dollars for theirs.
Under the radar, Russia, India and especially China (BRICS countries) have been purchasing physical gold hand over fist in readiness for what's immediately ahead, whilst they've been content to watch the price being massively suppressed in the US through paper futures contracts as they benefit from the outright criminality by getting cheap metal in exchange for their US dollar reserves which they know are hugely overvalued. As well as the US, the UK, Japan, etc, have understood for years that their currencies are all crap so were also content at the suppression because a real gold price would alert their citizens to how dire the situation is behind the curtain. The last thing those governments want is for their people to convert their national currencies into gold, as the Chinese government have urged theirs to buy gold.
The BRICS countries tired of being bullied by the petrodollar scheme that has been enforced through US military might. The US either accepts the new paradigm or takes on the BRICS in a world war. Whichever option they choose, US citizens and those of its Western allies will endure a painful drop in living standards.
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