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| 04:51 PM | ||
| Users Online Now: 1,752 (Who's On?) | Visitors Today: 885,217 | |
| Pageviews Today: 1,519,919 | Threads Today: 603 | Posts Today: 11,067 |
| 04:51 PM | ||
Dollar no longer primary oil currency as China begins to sell oil using Yuan | |
| Anonymous Coward User ID: 22354461  United States09/14/2012 02:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 23638716  Hong Kong09/14/2012 02:26 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1130777  Japan09/14/2012 02:34 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 19873584  South Korea09/14/2012 02:37 AM Report Abusive Post Report Copyright Violation | |
electrical engineer  User ID: 23634821 United States09/14/2012 02:44 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 14380192 United States09/14/2012 02:46 AM Report Abusive Post Report Copyright Violation | |
| stormer User ID: 23273210  South Africa09/14/2012 02:46 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 23514584  Philippines09/14/2012 03:04 AM Report Abusive Post Report Copyright Violation | |
| red rover User ID: 15620022 United States09/14/2012 03:14 AM Report Abusive Post Report Copyright Violation | OP is referring to the end of the "petrodollar" Watch this video to understand: Anyone think it's possible to salvage the situation if the U.S. invests in clean energy research and development? I know TPTB will fight this, but people are thirsting for another answer to oil. Videos are popping up all over the internet about vehicles running on water. I remember learning about this clean fuel alternative back when I was in elementary school--2 decades ago! It was in some children's science magazine. The article predicted a future where our cars would run on water. We really need to stop beating a dead horse here and invest in a different future.  |
| GFX guy User ID: 9776422 United States09/14/2012 03:23 AM Report Abusive Post Report Copyright Violation | Further quoting: "Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement." So that's what caused the dollar to drop below the 80-handle. Interesting. Look at any long term dollar chart and pay attention to the 72 support level. When that gives way... The slippery slope will slip its self. [link to www.chartsrus.com]  |
| Anonymous Coward User ID: 23514584 Philippines09/14/2012 03:43 AM Report Abusive Post Report Copyright Violation | OP is referring to the end of the "petrodollar" Quoting: red rover 15620022 Watch this video to understand: Anyone think it's possible to salvage the situation if the U.S. invests in clean energy research and development? I know TPTB will fight this, but people are thirsting for another answer to oil. Videos are popping up all over the internet about vehicles running on water. I remember learning about this clean fuel alternative back when I was in elementary school--2 decades ago! It was in some children's science magazine. The article predicted a future where our cars would run on water. We really need to stop beating a dead horse here and invest in a different future. Good video. Thanks. |
| Anonymous Coward User ID: 23687009 United States09/14/2012 04:01 AM Report Abusive Post Report Copyright Violation | |
| MindShaft User ID: 1554827 United States09/14/2012 04:09 AM Report Abusive Post Report Copyright Violation | Are you forgetting that China did an 'oil for infrastructure' deal with Iran recently? China will build the refineries that Iran needs in exchange for future oil supplies? Do you not understand the significance of this deal for the future of the US$Petro-dollar? "People have been conditioned to ridicule all that they are incapable of understanding." Goethe "None are more hopelessly enslaved than those who falsely believe that they are free." Goethe |
| Anonymous Coward User ID: 23691752  Vietnam09/14/2012 05:43 AM Report Abusive Post Report Copyright Violation | Before everyone gets on their high horse about the yuan being the next/new reserve currency, you'd think one of their nearest neighbours, Vietnam, would be willing to use/exchange yuan, right? Well, I've been to about 10 banks, all the major ones, and not one...not one...will exchange yuan into dong. They will exchange USD, AUD, CND, JPY and euros, but none will accept CNY/RMB. |
| GKKwatch User ID: 10606508 United States09/14/2012 06:16 AM Report Abusive Post Report Copyright Violation | Before everyone gets on their high horse about the yuan being the next/new reserve currency, you'd think one of their nearest neighbours, Vietnam, would be willing to use/exchange yuan, right? Quoting: Anonymous Coward 23691752 Well, I've been to about 10 banks, all the major ones, and not one...not one...will exchange yuan into dong. They will exchange USD, AUD, CND, JPY and euros, but none will accept CNY/RMB. LOL...sorry for being immature...but you said "exchange Yuan into Dong"  |
| Anonymous Coward User ID: 19392583 United States09/14/2012 06:37 AM Report Abusive Post Report Copyright Violation | |
| Mamluk User ID: 23515002 United States09/14/2012 06:49 AM Report Abusive Post Report Copyright Violation | OP is referring to the end of the "petrodollar" Quoting: red rover 15620022 Watch this video to understand: Anyone think it's possible to salvage the situation if the U.S. invests in clean energy research and development? I know TPTB will fight this, but people are thirsting for another answer to oil. Videos are popping up all over the internet about vehicles running on water. I remember learning about this clean fuel alternative back when I was in elementary school--2 decades ago! It was in some children's science magazine. The article predicted a future where our cars would run on water. We really need to stop beating a dead horse here and invest in a different future. This one, too: So ask people what they would rather deal with, War or rebuilding? Do they really think they can handle the War? We would have to reorganize everything regardless, so why not save lives first? This isn't 1912 anymore, so how will we manage? We need a humanitarian revolution but we don't need this war. My ultimate advice is that individuals and families need to be sure that whatever solution they are a part of is an actual long term investment for them, because if it's not then they are siding with the wrong people. One that includes, you know, the basic needs and happiness. One way or another there is going to be a program so make sure you get with the right one or it's going to get with you, regardless of which one it is.  “If we could change ourselves, the tendencies in the world would also change. As a man changes his own nature, so does the attitude of the world change towards him. ... We need not wait to see what others do.” -Mahatma Ghandi |
| Fabian10 User ID: 1527128  Argentina09/14/2012 06:59 AM Report Abusive Post Report Copyright Violation | OP is referring to the end of the "petrodollar" Quoting: red rover 15620022 Watch this video to understand: Anyone think it's possible to salvage the situation if the U.S. invests in clean energy research and development? I know TPTB will fight this, but people are thirsting for another answer to oil. Videos are popping up all over the internet about vehicles running on water. I remember learning about this clean fuel alternative back when I was in elementary school--2 decades ago! It was in some children's science magazine. The article predicted a future where our cars would run on water. We really need to stop beating a dead horse here and invest in a different future. Nice video, thanks Life isn't short.It's the longest thing anybody ever does |
| Anonymous Coward User ID: 23760544 United States09/14/2012 07:01 AM Report Abusive Post Report Copyright Violation | |
| Renegade (Me too) User ID: 21622140 United States09/14/2012 07:19 AM Report Abusive Post Report Copyright Violation | Are you forgetting that China did an 'oil for infrastructure' deal with Iran recently? Quoting: MindShaft China will build the refineries that Iran needs in exchange for future oil supplies? Do you not understand the significance of this deal for the future of the US$Petro-dollar? Let me guess ... the price of gas is going to 5 dollars? Who is John Galt? |
| Wubbo Ockels User ID: 14726463  Netherlands09/14/2012 07:26 AM Report Abusive Post Report Copyright Violation | Thread: ------->c>> CRUDE OIL OVER $100 AGAIN !!  Last Edited by Wubbo Ockels on 09/14/2012 07:26 AM R.I.P. for the real Wubbo Ockels. He was a true icon of my country, and a great front-fighter for sustainable energie/technology and humanism. "Yes, we have hurdles, we have distractions, we have disasters, personally and world-wide, and we do have to work it all out ourselves. BUT, there is a most amazing experience awaiting us on the other end of the finish-line. The idea being, once we can handle it all down here, then we can live and explore eternally, responsibly, because we know what not to do, and not be resentful about being responsible, so we don't start a polarity domino effect in the other realms of existence." "The Fraction" of Life can be increased in value not so much by increasing your Numerator as by lessening your Denominator. Nay, unless my Algebra deceive me, Unity itself divided by Zero will give Infinity." Thread: LADIES & GENTLEMEN: I PRESENT to YOU OUR NEW SUN !! |
| Anonymous Coward User ID: 3944671  Norway09/14/2012 05:04 PM Report Abusive Post Report Copyright Violation | A large proportion of those paper dollors held by forign country's in order to buy oil are going to go back to the USA and flood their economy, on the + side the hyper inflation will reduce the governments debts but at the price of avarage joes savings.. This is seriously bad news for the US citizan. I urge anyone with spare dollors in the bank to buy something tangable with them such as property, gold, silver, food. Good luck all. |
| Anonymous Coward User ID: 23118689  United Kingdom09/14/2012 05:10 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 23654566 United States09/14/2012 05:23 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 12304943 United States09/14/2012 05:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 21903530  Canada09/14/2012 05:30 PM Report Abusive Post Report Copyright Violation | "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. Quoting: Anonymous Coward 22354461 [link to www.examiner.com] When Nixon broke the Bretton Woods Accord in 1971, that wasn't significant? Back in those days a dollar bill said "pay to the bearer on demand". That meant the government of the USA had an oligation to pay 1/35th of an ounce of gold for a dollar. Today a dollar says "This note is legal tender." In other words, you can use it for trade but it is backed by nothing. Today 1/35th of an ounce = $49. By December 1/35th of an ounce will cost $57. Every Ponzi scheme has to come to an end. You cannot blame the boy who says "Look the Emperror has no clothes!" Blame Nixon and the costs of the Vietnam war. The nerve of Iran and those BRIC countries! They don't want to pay the USA to threaten them, |
| Anonymous Coward User ID: 23687009 United States09/14/2012 05:38 PM Report Abusive Post Report Copyright Violation | A large proportion of those paper dollors held by forign country's in order to buy oil are going to go back to the USA and flood their economy, on the + side the hyper inflation will reduce the governments debts but at the price of avarage joes savings.. Quoting: Anonymous Coward 3944671 This is seriously bad news for the US citizan. I urge anyone with spare dollors in the bank to buy something tangable with them such as property, gold, silver, food. Good luck all. The Saudis and Japan still buy and sell with dollar. Both have large amounts of US debt paper also. |
| Anonymous Coward User ID: 23669064  Brazil09/14/2012 05:38 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 23669064 Brazil09/14/2012 05:44 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 3944671 Norway09/14/2012 06:06 PM Report Abusive Post Report Copyright Violation | A large proportion of those paper dollors held by forign country's in order to buy oil are going to go back to the USA and flood their economy, on the + side the hyper inflation will reduce the governments debts but at the price of avarage joes savings.. Quoting: Anonymous Coward 3944671 This is seriously bad news for the US citizan. I urge anyone with spare dollors in the bank to buy something tangable with them such as property, gold, silver, food. Good luck all. The Saudis and Japan still buy and sell with dollar. Both have large amounts of US debt paper also. Oh yes I agree although will they soak up all the excess currency that others sell off?. This could get very messy. |
| Anonymous Coward User ID: 8084990 United States09/14/2012 06:10 PM Report Abusive Post Report Copyright Violation | Correct. China does not sell oil. They buy oil, and the Yaun is now gold backed in case anyone missed them melting all of their gold into gram based bars. China is the worlds largest producer of refined oil products. Everything from motor oils to bearing greal to watch oil and machine oils. Every bottle of that crap on the shelf at wally world and your auto parts store comes from where? All oil based fertilizers, cleaners, herbicides and all the other nasties no one makes anymore are purchased from china in sealed containers with nice modern labels. People need to pay attention. If they withhold their refined products from the market we grind to a halt. |
