Xi to visit Saudi Arabia and get gala reception! Hasn't left the country in 3 years. Saudi Arabia to sell oil for Chinese Yuan. Huge seismic shift! This spells the end of the Petrodollar! 2 largest OPEC producers opt out of the USD.
> theguardian.com
> twitter.com
Petrodollar is over! Xi received by Saudis!
Eli Sullivan
Isaiah Young
>zog supports zog
Xavier King
Then why is China still selling yuan to buy dollars? Shouldn’t they be dumping all their dollar holdings as worthless paper?
Christian Rodriguez
>ameribrain
Ryder Parker
china is exiting the petrodollar. Read the 48 pt font headline
Nolan Ramirez
Yep, it’s gonna be over quickly with Murica
Everyone brace for the copium hurricane
David Wilson
Why didn’t you answer the question?
Ethan Martin
good, they'll still lose the nu-cold war
Jason Bell
China has tethered the yuan to dollars for stability during the transitional phase.
They will untether and trigger a collapse of the USD and all non-BRICS countries once the infrastructure for their energy backed CBDC is ready.
Jeremiah Taylor
That would be economic suicide.
Jordan Lopez
He's gonna get whacked by a US terrorist
Levi Davis
That’s a lot of non answer though. They would want to dump their dollars when they’re still valuable, not when theyve already depreciated. What kind of stupidity is buying a stock to pump then price, then dumping it after it crashes?
Adrian Wright
No, the control the energy, and energy is currency in the 4th industrial revolution.
Why do you think they are partnered with The Middle East and South American oil-rich countries, and Russia is being penalized by “sanctions” making them not sell their oil in dollars?
Only the US and west are committing suicide; but it’s more like child-sacrifice than suicide for those selling our tech and wealth to China right now.
Luis James
The dollar is not nearly done collapsing; I don’t know for sure what their gameplay here is, but I am certain of that.
David Williams
Then why don’t the diaspora go back to enjoy the Chinese century? Why do they live in 5eyes enemy countries paying taxes, or in third world shitholes all over? I’ll believe what you say when the diaspora goes back and the BoC dumps it’s US treasuries, but they never do, they just keep buying more and more chinks leave the mainland every year never to return
Gavin Morris
It’s been going up the past few months silly boy. But why would the chinks buy dollars if they thing their value is going to collapse? Would you buy stock if you thought the value was going to go down? And hold it until the company declares bankruptcy? Are they really that stupid?
Anthony Diaz
>dumps it’s US treasuries, but they never do
China has been dumping treasuries, their holdings are at 12-year lows.
Nathaniel Rogers
No they’re not and you hide you’re flag out of shame for good reason. I trade currency and see how and where it’s moving every day. Dollars are flowing into your insect hive faster than ever lately, same as food. Doesn’t look promising.
Carter Turner
I assume their plan is to inflate the dollar bubble so much, that the collapse is fatal when it bursts; the global elite have continuously that the dollar will be replaced by a digital currency and it will be tied to energy in some way.
The yuan is currently tethered to dollars currently, but the BRICS CBDCs are backed by oil and energy. This is the most obvious answer.
Brayden Hernandez
WW3 incoming.
Logan Phillips
It’s “tetherd” by the BoC burning billions every month on fx. And you’re suggesting that the best way to wreck a company is buy mass buying its stock to overinflated the price until smarter investors dump it…which would crash the price of the company you now own and vastly overpaid for. Do you even hear the stupid shit coming out of your mouth?
Matthew Turner
You're high. OPEC is the USAs bitch. Almost the entire reason the US Navey exists is to guard shipping lanes. That alone is a major hidden subsidy for China
Ignoring the fact that the USA is a net producer of Oil even as throttled as it is under the current regime: China is a major trade partner with the US...and, more importantly, The bulk of China's economy is founded on Obsolete US tech.
The reason you aren't using doped graphene processors is planned obsolescence not because of the limitations of current science/tech.
I don't deny the USA handed China a major industry on a golden platter but that tech was past expiration already.
Gavin Fisher
Anger comes before acceptance.
I’m not the one doing it.
But hey, hopefully all that “green energy” that we are investing in will pay off; Daegel didn’t predict a complete economic collapse, and there should be like 50% less people on the power grid, so maybe we’ll be fine.
Anthony Nelson
The us is a net exporter of energy but not oil. China is the largest importer of energy in human history, food as well
Jose Sanchez
I noticed that nothing you said had anything to do with what I said and that you didn’t answer the question, again.
Ryan Adams
>subsidy
No memefag it's a noose around their necks
As long as China has no secure oil supply and can be starved of it by blocking some straits, it will never pose a threat
They wouldn't have been allowed to rise if this weren't the case
Christopher Lee
I don't think you understand the volume of USD on the Market. Country holding USD (which is most of them because you have to buy oil from OPEC in USD) would have to convert (sell) their dollars for whatever "replaced" the USD. Crashing the USD would mean these reserve holdings would be worthless and countries would be stuck trying to divest trillions os USD.
Josiah Jenkins
this guy gets it and probably works in the industry as well
Ryan Howard
Our own gov and allies have been selling intel to China since 2008.
The war in Ukraine is helping launder all of our tech to China, plus US government and tech officials are constantly getting caught (and getting away with) working with Chinese spies and government officials.