Dollar no longer primary oil currency as China begin selling oil using YUAN

[JayAtl]

These things will have future geo-economic and consequent geo-political impact. You can continue using your chawanni - it won't matter to you.

Thanks dear Sir. I can now live with peace.*




Just curious though. Would this supposed big event "matter you"?

Dear FaujHistorian- you are dealing with the

"I say so, so you must agree!= Ticker"

 

[Ticker]

Thanks dear Sir. I can now live with peace.

Just curious though. Would this supposed big event "matter you"?

Yes it would, because it would matter my country.

It would provide an opportunity to the rich Arabs to invest their oil money in an alternative location.

It would provide many other countries who are constrained by dollar domination to have percentage of their forex in an alternative currency.

This may happen gradually, but is likely to happen sooner than many may think.

Dear FaujHistorian- you are dealing with the

"I say so, so you must agree!= Ticker"

Get lost kid.

 

[La ResistanceZ]

For those that don't understand the enormity of this situation i uploaded a video couple of days ago that explains what this news means for the the dollar.

http://www.defence.pk/forums/americas/208245-collapse-american-dream-explained-animation.html

sorry i think it was this one.

 

[JayAtl]

Yes it would, because it would matter my country.

It would provide an opportunity to the rich Arabs to invest their oil money in an alternative location.

It would provide many other countries who are constrained by dollar domination to have percentage of their forex in an alternative currency.

This may happen gradually, but is likely to happen sooner than many may think.



Get lost kid.

LOL you are now embarrassing yourself with more pixie dust economic blabbering. "The rich arabs will drop their dollars for yuans and stop investing in the US and developed countries to come to pakistan to invest because YUAN IS KING! ..."

 

[Ticker]

LOL you are now embarrassing yourself with more pixie dust economic blabbering. "The rich arabs will drop their dollars for yuans and stop investing in the US and developed countries to come to pakistan to invest because YUAN IS KING! ..."

ha ha ha

It is fun reading comments from nobody's like you guys.

 

[Icecreamcart]

LOL you are now embarrassing yourself with more pixie dust economic blabbering. "The rich arabs will drop their dollars for yuans and stop investing in the US and developed countries to come to pakistan to invest because YUAN IS KING! ..."

It might not be the Yuan, but if other countries start following their lead and have bi-lateral currency swaps and bypass the US dollar..

Extra Note: When I type "global currency" into Google... what do I get? An exchange rate of the AUD to USD.
I wonder if that will change eventually.

 

[JayAtl]

It might not be the Yuan, but if other countries start following their lead and have bi-lateral currency swaps and bypass the US dollar..

Extra Note: When I type "global currency" into Google... what do I get? An exchange rate of the AUD to USD.
I wonder if that will change eventually.

Wishes on such economic tsumani happening in the world is next to zero. there is a higher probability of pigs flying because if everybody goes to their own currencies there would be no global currency in a global market. besides they will be devaluing their own dollars in reserve. These arguments you guys have is not based on solid economic reality but more so because of your hatred for America.

 

[Icecreamcart]

Wishes on such economic tsumani happening in the world is next to zero. there is a higher probability of pigs flying

No economic tsunami I'm afraid, just a long period of adjustment as countries seek options that most benefit them, and if that includes minimizing the exposure to the US dollar, so be it.

The British Empire didn't decline in a week or a year.
Neither will America.

 

[JayAtl]

No economic tsunami I'm afraid, just a long period of adjustment as countries seek options that most benefit them, and if that includes minimizing the exposure to the US dollar, so be it.

The British Empire didn't decline in a week or a year.
Neither will America.

Let's see a global market with no global currency . Brilliant! Let's play more what IF scenario's. I need to open a chilled Heineken for this...it's gonna get story telling time by economic stalwarts here.

 

[Icecreamcart]

Let's see a global market with no global currency . Brilliant! Let's play more what IF scenario's. I need to open a chilled Heineken for this...it's gonna get story telling time by economic stalwarts here.

Funny you should mention a global currency. Americans hate the idea of a global currency as part of the NWO hysteria. Of course, they don't think the same if the global reserve currency was the US dollar.

China did support the IMF idea of creating special drawing rights as the basis of a global reserve currency. No global currency though.

 

[FaujHistorian]

Yes it would, because it would matter my country.

It would provide an opportunity to the rich Arabs to invest their oil money in an alternative location.

It would provide many other countries who are constrained by dollar domination to have percentage of their forex in an alternative currency.

This may happen gradually, but is likely to happen sooner than many may think.
.

When you say "my country", I assume you mean Pakistan. Right?

So tell me how Yuan as an alternative to dollar will be better for Pak. And what stops Zardari to take a bribe in Yuan instead of dollars at this very moement?

Funny that you say Rich Arabs need Yuan to "invest" in alternative location?

So right now a Rich Arab carrying millions of dollars goes to country X and says, Ya Habibi, take my dollars and invest in your country/ company.

you think country X says, No habibi, bring Yuan and we will talk. "Me no taking stinking dollars".

hahahahaha.


I mean brother which heaven do you live on?

Oh bhai sahaib, dollar doesn't constrain anyone. you can can take dollars to any corner of the world, and if the local population has any sense of currency, they will accept it.

On the other hand Yuan will limit the options for decades to come.

So I urge you to not let your mind get clouded with anti-Americanism. Otherwise you will continue to reach the wrong conclusions like so many Mullahs, and leftists.


peace

 

[Ticker]

When you say "my country", I assume you mean Pakistan. Right?

So tell me how Yuan as an alternative to dollar will be better for Pak. And what stops Zardari to take a bribe in Yuan instead of dollars at this very moement?

Funny that you say Rich Arabs need Yuan to "invest" in alternative location?

So right now a Rich Arab carrying millions of dollars goes to country X and says, Ya Habibi, take my dollars and invest in your country/ company.

you think country X says, No habibi, bring Yuan and we will talk. "Me no taking stinking dollars".

hahahahaha.


I mean brother which heaven do you live on?

Oh bhai sahaib, dollar doesn't constrain anyone. you can can take dollars to any corner of the world, and if the local population has any sense of currency, they will accept it.

On the other hand Yuan will limit the options for decades to come.

So I urge you to not let your mind get clouded with anti-Americanism. Otherwise you will continue to reach the wrong conclusions like so many Mullahs, and leftists.


peace

ha ha ha .......

First of all, I am not your brother.

Secondly, I described what some of the best economists in the world have already talked about. The dollar domination environs at the geo-economic level do get threatened seriously by this venture. These things take time and being a dialectic, the other side would tend to take measures to retain their superiority.

When you start commenting about chawanni and athanni operation at street level within the realm of geo-economics and geo-politics, you need to grab a hold of your imagination and start playing with your chawaani and athanni and live happily.

Over and above these 25 and 50 paisas, your understanding won't let you understand any more. Relax. Why waste time typing. Go play with your brothers - bantay shantay khelo, ziyada maza ayega.

 

[problemfreeleader]

KEEP IT UP

 

[Ticker]

KEEP IT UP

Oh .... please don't display a viagra add now.

 

[FaujHistorian]

ha ha ha .......

First of all, I am not your brother.

Secondly, I described what some of the best economists in the world have already talked about. The dollar domination environs at the geo-economic level do get threatened seriously by this venture. These things take time and being a dialectic, the other side would tend to take measures to retain their superiority.

When you start commenting about chawanni and athanni operation at street level within the realm of geo-economics and geo-politics, you need to grab a hold of your imagination and start playing with your chawaani and athanni and live happily.

Over and above these 25 and 50 paisas, your understanding won't let you understand any more. Relax. Why waste time typing. Go play with your brothers - bantay shantay khelo, ziyada maza ayega.

OK chawanni and athanni,

you have no response to the question.


When you say "my country", I assume you mean Pakistan. Right?

So tell me how Yuan as an alternative to dollar will be better for Pak.



peace.