Khashoggi: CIA 'blames Saudi prince for murder

[wutang]

.
Nothing to do with supplying oil to America.

No.

But they can make things hard or easy by manipulating the price of Oil globally. Which has a knock on effect to the global economy.

[wutang]

And all that is about to changre as Russia and China have been stockpiling gold.

In what time frame?

Again:

Dollar = 87%
Yuan = 4%

What level do you see the Yuan reaching and by when?

[Fletch]

I'm beginning to suspect that America may well be starting the process of ditching the Saudis.

I suspect it's pressure on Saudi to continue selling oil in dollars and not to get too close to Russia or China. They purchased S400 by all accounts which upset the US and have had talks about trading oil with them and others in local currency or the gold backed petro Yuan.

The Dollar represents 87% (1st) of traded foreign currency (2016). The Yuan is a mere 4% (7th) . The Ruble is 1.1% (17th).

To put in contrast both the Candanian and Aussie Dollars are more traded that the Yuan and the Mexican Peso is traded twice as much as the Ruble.

Of the top 10 currency traders 5 are American and 3 are British, the others being German and Swiss.

https://en.wikipedia.org/wiki/Foreign_exchange_market

I was referring to oil sales, not the use of it in general trade, though that is diminishing outside of the west as is the use of SWIFT.

Non-Dollar Trading Is Killing the Petrodollar — And the Foundation of U.S.-Saudi Policy in the Middle East

https://www.huffingtonpost.com/alastair ... ccounter=1

[Rolluplostinspace]

And all that is about to changre as Russia and China have been stockpiling gold.

In what time frame?

Again:

Dollar = 87%
Yuan = 4%

What level do you see the Yuan reaching and by when?

It has already begun.
I can't give a time frame as I'm useless at getting the timing right on these things.

China Prepares Death Blow To The Dollar
On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council.

With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention.

This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency.

But this isn’t just some slow, news day “fad” that will fizzle in a few days.

A Warning for Investors Since 2015

Back in 2015, the first of a number of strikes against the petrodollar was dealt by China. Gazprom Neft, the third-largest oil producer in Russia, decided to move away from the dollar and towards the yuan and other Asian currencies.

Iran followed suit the same year, using the yuan with a host of other foreign currencies in trade, including Iranian oil.

During the same year China also developed its Silk Road, while the yuan was beginning to establish more dominance in the European markets.

But the U.S. petrodollar still had a fighting chance in 2015 because China’s oil imports we>>>>>>>>>>>> https://oilprice.com/Geopolitics/Intern ... ollar.html

[wutang]

I'm beginning to suspect that America may well be starting the process of ditching the Saudis.

I suspect it's pressure on Saudi to continue selling oil in dollars and not to get too close to Russia or China. They purchased S400 by all accounts which upset the US and have had talks about trading oil with them and others in local currency or the gold backed petro Yuan.

The Dollar represents 87% (1st) of traded foreign currency (2016). The Yuan is a mere 4% (7th) . The Ruble is 1.1% (17th).

To put in contrast both the Candanian and Aussie Dollars are more traded that the Yuan and the Mexican Peso is traded twice as much as the Ruble.

Of the top 10 currency traders 5 are American and 3 are British, the others being German and Swiss.

https://en.wikipedia.org/wiki/Foreign_exchange_market

I was referring to oil sales, not the use of it in general trade, though that is diminishing outside of the west as is the use of SWIFT.

Non-Dollar Trading Is Killing the Petrodollar — And the Foundation of U.S.-Saudi Policy in the Middle East

https://www.huffingtonpost.com/alastair ... ccounter=1

Article here argues the opposite

https://www.brookings.edu/blog/order-fr ... unt-on-it/

Basically China's problem is two fold - its financial sector is not liberalised enough and therefore is too risky and that decades of stability from the Americans means they are still seen as the safer option.

This last part shows that really its about who is willing to take the reigns and lead the global capitalist economy. The Americans have been the ones taking this role for the past 60+ years, is China ready to step up and, more importantly is it even willing to take on the role?

Hence:

Transacting in RMB will be attractive for countries that are afraid that the United States might sanction them and keep them out of the dollar market. But for anyone other than that specialized group, transactions in dollars are likely to dominate for the foreseeable future.

[wutang]

I can't give a time frame as I'm useless at getting the timing right on these things.

Funny you should say this while at the same time linking to a Zero hedge blog

Zero Hedge is a batshit insane Austrian school finance blog... It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions

https://rationalwiki.org/wiki/Zero_Hedge

[Rolluplostinspace]

Russia-China real gold standard means end of US dollar dominance
9 Dec, 2017 06:29

https://www.retarded.com/business/412546-chin ... rd-dollar/

[Rolluplostinspace]

ALERT: China Launches Global Game-Changer! $20,000+ Gold & Gold-Backed Yuan, Plus A Dire Warning


https://kingworldnews.com/alert-china-l ... 0000-gold/

[wutang]

More links to gold-bugs, pump and dump grifters and other generally far-right austrian school loons

[Fletch]

More links to gold-bugs, pump and dump grifters and other generally far-right austrian school loons

And yet you use Brookings with a straight face and then claim the US has provided stability.

Banking rules capitalism, always has, always will until the private creation out of thin air at interest money supply is ended.

Non Rothschild model central banks, Iran, NK, Syria and Cuba.

Enemies of the west (US)...

(used to be more but they suffered regime change)

[Maddog]

.
Nothing to do with supplying oil to America.

No.

But they can make things hard or easy by manipulating the price of Oil globally. Which has a knock on effect to the global economy.

There are a few folks around here including a daughter and son in law that are OK with a little decrease in Saudi sales and higher oil prices.

[wutang]

And yet you use Brookings with a straight face and then claim the US has provided stability.

A certain measure of it, for capital, at least, which is fundamentally all that matters under capitalism.
Compare the last 60 years with the previous 60 (2 world wars, various socialist/communist revolutions) and you will see that for capitalism things have been more stable.

As for the Brookings Institute:

a major recipient of overseas funds, producing policy papers, hosting forums and organizing private briefings for senior United States government officials that typically align with the foreign governments’ agendas.

Most of the money comes from countries in Europe, the Middle East and elsewhere in Asia, particularly the oil-producing nations of the United Arab Emirates, Qatar and Norway, and takes many forms. The United Arab Emirates, a major supporter of the Center for Strategic and International Studies, quietly provided a donation of more than $1 million to help build the center’s gleaming new glass and steel headquarters not far from the White House. Qatar, the small but wealthy Middle East nation, agreed last year to make a $14.8 million, four-year donation to Brookings, which has helped fund a Brookings affiliate in Qatar and a project on United States relations with the Islamic world.

Gets funding from oil-producing nations. But I thought they were all lining up to ditch the dollar why would they write articles dismissing the Yuan as a rival currency

[Fletch]

And yet you use Brookings with a straight face and then claim the US has provided stability.

A certain measure of it, for capital, at least, which is fundamentally all that matters under capitalism.
Compare the last 60 years with the previous 60 (2 world wars, various socialist/communist revolutions) and you will see that for capitalism things have been more stable.

As for the Brookings Institute:

a major recipient of overseas funds, producing policy papers, hosting forums and organizing private briefings for senior United States government officials that typically align with the foreign governments’ agendas.

Most of the money comes from countries in Europe, the Middle East and elsewhere in Asia, particularly the oil-producing nations of the United Arab Emirates, Qatar and Norway, and takes many forms. The United Arab Emirates, a major supporter of the Center for Strategic and International Studies, quietly provided a donation of more than $1 million to help build the center’s gleaming new glass and steel headquarters not far from the White House. Qatar, the small but wealthy Middle East nation, agreed last year to make a $14.8 million, four-year donation to Brookings, which has helped fund a Brookings affiliate in Qatar and a project on United States relations with the Islamic world.

Gets funding from oil-producing nations. But I thought they were all lining up to ditch the dollar why would they write articles dismissing the Yuan as a rival currency

It's a Washington DC think tank. Nothing good ever came out of DC and the corruption there is mind boggling.

Surprised at you supporting neoliberal outfits and ideas.

[Fletch]

TRUMP RELEASES OFFICIAL STATEMENT ON KHASHOGGI MURDER. IRAN IS GUILTY



https://southfront.org/trump-releases-s ... is-guilty/

[Grafenwalder]

TRUMP RELEASES OFFICIAL STATEMENT ON KHASHOGGI MURDER. IRAN IS GUILTY



https://southfront.org/trump-releases-s ... is-guilty/

Yeah the flippant dismissive manner of "maybe he did, maybe he didn't" over Bin Salman possibly knowing, and then tweeting "great, lets get it lower" in reference to Saudi dropping the oil price, shows he still thinks he's a 'star' on a silly tv game show.

https://www.channel4.com/news/trump-und ... a-comments