China Paying for Iranian Oil in Gold is Most Important Event in Modern History

Once again barry blew it with his sanctions. Another death nail for the dollar but great for Iran.

And you will be singing a different tune when the day of reckoning occurs. Sorry sir your bill is due in $$'s we don't accept rocks here. LOL!!!

I'll toss a little hint your way. QE to infinity doesn't mean the dollar becomes worthless.

The koolaid-soaked "logic" you claim to possess is simply not worth anyone's keystrokes. People's reading comprehension is fine, it's the fundamentals of your argument that are steeped in programming, propaganda and ignorance of the subject matter. Let's give this a few years and see you knows their FRN shit tickets from a hole in the ground, shall we?

Point out the flaw in my argument then. All these people claiming I'm wrong but not one has yet to supply a logical reason why.

A REMINDER!

[link to www.telegraph.co.uk]

Well u need to go ask Greenspan who said all we need to do is print more dollars to solve all our debt issues!

gold can be converted to green backs in 45 minutes if need be....

not for long libtard!

Here is another example of where you need to work on your comprehension.

Greenspan is not talking about solving YOUR debt issues. He's talking about the FED's debt issues. Sorry the FED will fix their debt issues NOT yours.

LOL!!!

I didn't realize it's physically possible for someone to bury their head that deeep in the sand.


according to your tard logic US doesn't want dollar either so it needs to spend it right?


sorry dollarshill China IS slowly dumping dollar and Iran doesn't want the debt backed fiat greenback either, that's why they are trading with gold, it's that simple.

don't argue with him, he will drag you to his level and beat you with experience

Oil is the leading cause of cancer, everything made of oil is cancerous there's alternatives same thing with all other cancer causing chems. there's an alternative crimes against humanity criminal

OK, I've done some basic figuring and here is what i have figured out.


Iran imports on average 557,000 barrels a day from China. That equals about 203,305,000 barrels a year.

At the current rate of $98.59 that is about $20,043,839,950 a year in US Dollars. crude figures but in the ballpark.

ok at $1636.00 an oz that come to about 12,251,735 oz a year.

China produceds about 9,700,000 oz worth of gold a year,

China os dumping gold, but has to. Really means nothing. Sinclair ia afucking joke

China is buying gold by the ton. Sinclair is moving out of the country

Guess you're full of surprises, huh?


Don't really know what to make of that statement as it doesn't even make sense, and I've stated nothing along those lines.



Did you even read the article or my posts China is dumping Gold for oil NOT USD's. What Iran wants doesn't mean jack. There are plenty of places to get oil for $$'s, it is that simple.

I guess in mommy's basement dollars are quite valuable, however in the real world the more that are in curculation the less valuable they are!

Yes and circulation has been coming to a grinding halt, hence USD's strength and the high unemployment.

101% debt:GDP and counting rising fast with employment, production and tax revenue collapsing, trade and fiscal deficits rising and embarking on exponential take-off. Israel's bitch is in great shape.

"LOL" as you like to say.

You need to look-up "logic" in the dictionary, I think you'd surprise yourself.

Oil's causes cancer #1

That is where u r totally WRONG look up QE1, QE2,and soon QE3!

I think this is exactly why the Stait of Hormuz is so important since that's how Iran's oil is shipped to asia.
We should be looking at that, because what I think is happening is that the u.s. doesn't want the BRICs to develop and that's why the u.s. is also building up offensive weaponry around Russia to tie up their functioning.
I'm sure teh u.s. would be tickled pink to have strategic weapons aimed at us from canada, mexico, cuba...but OH NO,
the u.s. assumes proprietary first dibs on everything.
I really want to see what Russia does in response to this.

"Sorry the FED will fix their debt issues NOT yours.

LOL!!!"

Yeah, when you're wheeling a wheelbarrow full of money down the street to buy milk and cookies.

LOL!!!

Sorry but I'm not wrong. Look for yourself M1 velocity (circulation) is crashing despite all the QE.
[link to research.stlouisfed.org]

I guess it would be more a case of measuring the respective values of gold and oil in USD and negotiating a barrel per oz price.

right now the $ is worth less than the Canadian dollar, it used to be 1 = 1.30 Canadian!

Because the greater population IS BROKE!!!

Natives are right poising the world for money sick bastards, we'll see what happens supernaturlly lowlifes anything for a buck

m2 look that up1

Simple: troy ounces.