the issue here isn't oil shortages but the settlement of the purchase in other currency. also if they cut the supply it would be very inflationary to the USA
YesAre they for sure going to the Chinese Yuan? I know there was speculation about that after China brokered the middle east peace deal...
All the BRICS countries are trading in their national currency with the Yuan and the Ruble as primary. Rupees, Pesos, Rand, you name it, all backed by GOLD.. We are fcked.Are they for sure going to the Chinese Yuan? I know there was speculation about that after China brokered the middle east peace deal...
I don't think many of us here understand the full ramifications if the Yuan becomes the base currency for global oil transactions. There have been some economists vocal over the last few years about it if this happens. JEVapa summed it up quite succinctly "We are fcked"All the BRICS countries are trading in their national currency with the Yuan and the Ruble as primary. Rupees, Pesos, Rand, you name it, all backed by GOLD.. We are fcked.
i have read that the number 1 export of the U.S. is the Dollar. if this collapses our debt will settle upon us because we won't be able to export it around the world anymore. and it will take decades to re establish our manufacturing base.I don't think many of us here understand the full ramifications if the Yuan becomes the base currency for global oil transactions. There have been some economists vocal over the last few years about it if this happens. JEVapa summed it up quite succinctly "We are fcked"
this didn't just happen because of biden. we have two bushes a clinton and obama to thank also. but really the blame settles on us for allowing this in the first place.Mexico Now Seriously Considering Joining BRICS – Another Blow to America Under the Corrupt Biden Administration
Mexico Now Seriously Considering Joining BRICS - Another Blow to America Under the Corrupt Biden Administration
End of the Dollar: India Uses Rupees Rather Than US Dollars for International Trade – 18 Countries Agree to Trade in INR
https://www.thegatewaypundit.com/20...nal-trade-18-countries-agree-to-trade-in-inr/
Yepthis didn't just happen because of biden. we have two bushes a clinton and obama to thank also. but really the blame settles on us for allowing this in the first place.
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