The two Chinese bombs

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Ahmed
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The two Chinese bombs




View Ahmed » 19/11/17, 08:15

You know the first, the atomic, but if you watch a little TV, listen to the radio or read the newspapers, you probably don't know the second. : Wink:
It is a monetary bomb and this one is going to be really dropped: very soon, oil will be able to be traded against Chinese yuan and this currency will be convertible into gold. This news is of enormous importance and will change everything by bringing the USA to the background. To think that the immense American power rests mainly on the universality of a dollar and that until now, it was enough to type on the keyboard of a computer to settle all the invoices in a currency guaranteed by ... of the wind ( since the Bretton Woods agreements) or, if you prefer, by American debts :D .

If I titled "the two bombs", it is because other countries have already tried to free themselves from the dollar (Iraq of Saddam, Libya's Gaddafi...) with the consequences that we know and that the first bomb serves as a shield for the second ...
It’s a torpedo directly aimed at the clay feet of the American colossus, tumbler has not finished getting angry ... :D
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Re: The two Chinese bombs




View Did67 » 19/11/17, 09:19

If the United States of Europe had been a little less disunited, they could have, with the euro, and before being overtaken by China, played this role.

China-style state interventionism has a few advantages: one does not argue for an eternity and ultimately decides nothing (or decides an unimportant milk soup compromise - see glyphosate).

But I agree with your analysis. As we can see China's grip on Africa: resources (metals, rare earths, oil and ... agricultural land). And on business in this continent of the future ...
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moinsdewatt
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Re: The two Chinese bombs




View moinsdewatt » 19/11/17, 13:43

Ahmed wrote:You know the first, the atomic, but if you watch a little TV, listen to the radio or read the newspapers, you probably don't know the second. : Wink:


if, if, I know, I posted this 2 months ago in another forum :

There will be sport:

China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

By Tsvetana Paraskova - Sep 01, 2017

The world's top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass US-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.

The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of US dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass US sanctions by trading in yuan, according to Nikkei Asian Review. To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible into gold on the Shanghai and Hong Kong exchanges.

Last month, the Shanghai Futures Exchange and its subsidiary Shanghai International Energy Exchange, INE, successfully completed four tests in production environment for the crude oil futures, and the exchange continues with preparatory works for the listing of crude oil futures, aiming for the launch by the end of this year. ?

“The rules of the global oil game may begin to change enormously,” Luke Gromen, founder of US-based macroeconomic research company FFTT, told Nikkei Asia Review.

The yuan-denominated future contract has been in the works for years, and after several delays, it looks like it may be launched this year. Some potential foreign traders have been worried that the contract would be priced in yuan.

But according to analysts who spoke to Nikkei Asian Review, backing the yuan-priced futures with gold would be appealing to oil exporters, especially to those that would rather avoid US dollars in trade.

“It is a mechanism which is likely to appeal to oil producers that prefer to avoid using dollars, and are not ready to accept that being paid in yuan for oil sales to China is a good idea either,” Alasdair Macleod, head of research at Goldmoney, told Nikkei.

By Tsvetana Paraskova for Oilprice.com

https://oilprice.com/Latest-Energy-News ... -Gold.html

for non Anglicists, read at Olivier Demeulenaere
https://olivierdemeulenaere.wordpress.c ... /#comments
Last edited by moinsdewatt the 19 / 11 / 17, 13: 46, 1 edited once.
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Re: The two Chinese bombs




View moinsdewatt » 19/11/17, 13:46

and 2 months later it didn't seem like it caused a shock wave.

On the other hand there is more concrete with the economic exchanges between Russia and China, which do without the $.

Russia, China strengthen monetary cooperation against the dollar

Oct 31, 2017, rt.com

As Dmitry Medvedev travels to Beijing for a two-day official visit, Russian Deputy Prime Minister Sergei Prikhodko announces several initiatives to replace the dollar with the yuan and the ruble in their trade.

"At the moment, the financial authorities of the two countries [China and Russia] are working on the three-year extension of the bilateral currency exchange agreement," Sergei Prikhodko, deputy prime minister, said on October 31. the Russian Federation as Prime Minister Dmitry Medvedev flew away for a two-day official visit to China.

In 2014, Russia and China had signed a first currency exchange agreement for a period of three years and for an amount equivalent to 25 billion dollars (21,5 billion euros). This operation, which amounts to creating a yuan / ruble clearing house, allows the two countries to denote the amounts of their trade in goods and services in national currencies, ruble and yuan, without going through the dollar or the euro. According to information given by Sergei Prikhodko, the share of Russia's trade denominated in rubles is increasing continuously. From 2016 to 2017, it would have gone from 13% to 16% for imports, and from 16% to 18% for exports.

Trade increasing and passing less and less by the dollar

China and Russia, whose economic exchanges are growing at a sustained pace, are seeking to multiply initiatives to facilitate payments in rubles and yuan in the Eurasian space. Thus, according to the Russian Deputy Prime Minister, several Russian banks have already joined the China International Payment System (CIPS), an international interbank payment system in yuan guaranteed by the People's Bank of China (the Chinese central bank). In addition, the two national systems of payment by Russian bank cards NSPK and Chinese Union Pay, have come together to allow the payment of purchases in Russia with Chinese bank cards.

In 2016, trade between China and Russia reached the equivalent of around $ 70 billion. But the two countries have set themselves the goal of bringing these exchanges to 80 billion by 2018 and 200 billion by 2020. Quoted by the Chinese web portal in several languages, the People's Daily, the first Russian Deputy Prime Minister, Igor Chouvalov , hinted that this could be achieved by integrating China's One Belt, One Road strategic development initiative with the Eurasian Economic Union (UEE).



https://francais.rt.com/economie/45167- ... tre-dollar
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moinsdewatt
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Re: The two Chinese bombs




View moinsdewatt » 19/11/17, 13:48

and also this from mid September:

Without the fucking $! Image

Iran secures $ 10 billion in credit from Beijing

By RFI Published on 16-09-2017

Iran secures $ 10 billion loan from China, denominated in euros and yuan, for the financing of several infrastructure projects. The agreement was signed between the CITIC Trust, the Chinese investment management company and five Iranian banks. Other loans are planned. The Middle Kingdom has in recent years become Iran's main economic and commercial partner.

The Chinese loan will finance projects related to transport, energy and water supply. In total, Beijing is considering financing and banking facilities of up to $ 35 billion for the Iranian economy. China has already granted a 2,5 billion loan to finance the rail network between Tehran, Qom and Isfahan.

Thus, the Middle Kingdom has become the main economic partner of Iran, leaving far behind the European countries, back from the UN sanctions linked to the Iranian nuclear program.

Despite the lifting of these sanctions in 2015, several large European and especially French banks are still hesitant to finance projects in Iran, for fear of destabilizing their American market. They fear indeed the reprisals of the Trump administration, a good part of the American financial sanctions against Iran being still in force.

Many remember the BNP Paribas case: the French bank was forced to pay a historic fine of $ 8,9 billion to the American administration in 2016 for having worked with Iran, Cuba and Sudan.

http://www.rfi.fr/asie-pacifique/201709 ... pres-pekin
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Ahmed
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Re: The two Chinese bombs




View Ahmed » 19/11/17, 14:22

The slogan of Trump, "America great again" definitely sounds more and more hollow!
No shock wave yet, but the big changeover is in progress ...
The observation of China is very interesting since it reproduces in a contracted time the evolution of the western economy which it adopted. Except radical change (which is not absolutely excluded), I see no way out of this economy in the Chinese context where contradictions accumulate. The new directions, without going so far as to change the paradigm, will seriously change the geopolitical parameters.
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Re: The two Chinese bombs




View Did67 » 19/11/17, 15:12

Which shows, I'm talking about Trump, that in geopolitics, as for the rest, the big idiots who have big mouths, good good, they can impress the weak, for 5 minutes ... But we know how their posturing ends ...

[In business, revenge, retailers of PV or insulating windows or all the gadgets of fairs, there, storytellers make a fortune! Any comparison with what I said earlier is not accidental]
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Re: The two Chinese bombs




View Ahmed » 19/11/17, 18:03

The geopolitical reorientations implemented by China go far beyond considerations on the current occupant of the White House, they aim to free themselves as much as possible from Uncle Sam ...
The gigantic American monetary scam has worked successfully for several decades, but everything comes to an end and the election of Trump can be interpreted as the only remaining possibility in the USA: posturing (at least, hopefully : roll: ).
The new Silk Road project suggests a redeployment towards the north-west, in particular with Kazakhstan and Russia.
Last edited by Ahmed the 19 / 11 / 17, 18: 12, 1 edited once.
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Re: The two Chinese bombs




View Christophe » 19/11/17, 18:09

Ahmed wrote:It’s a torpedo directly aimed at the clay feet of the American colossus, tumbler has not finished getting angry ... :D


This debate strongly reminds me of Iran's desire to want to rate the oil in € uros about ten years ago ...

We had a lot of debate here:

energies-fossil-nuclear / iran-fellowship-in-oil-Iranian-s-all-explain t5571.html

Company-and-philosophy / he-should-save-the-usa-the-iran-or-the-world-t1484.html

In the end it never happened ... I think ... I don't know what made Iran bend ... probably things that the general public never knew! : Cheesy:

Except that China in 2017 is not Iran in 2006 ... and Trump is perhaps even more stupid and belligerent than Bush ... (do you think it's possible ??? : Cheesy: )
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Re: The two Chinese bombs




View Christophe » 19/11/17, 18:13

moinsdewatt wrote:and also this from mid September:

Without the fucking $! Image

Iran secures $ 10 billion in credit from Beijing

By RFI Published on 16-09-2017

Iran secures $ 10 billion loan from China, denominated in euros and yuan, for the financing of several infrastructure projects. The agreement was signed between the CITIC Trust, the Chinese investment management company and five Iranian banks. Other loans are planned. The Middle Kingdom has in recent years become Iran's main economic and commercial partner. (...)

http://www.rfi.fr/asie-pacifique/201709 ... pres-pekin


Ah well, Iran is still in the picture! So much the better, it will make feet on the ricans who think they are the only ones on Earth !! : Cheesy:
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