Serious End of USD petrodollar?

[hbk75]

https://www.nxtmine.com/news/articl...nsiders-accepting-yuan-for-chinese-oil-sales/

 

[eatshitndie]

i only have us$69 in my wallet.

 

[syed putra]

USD is a weapon of mass destruction.use it at your own risk.

 

[tanwahtiu]

Anti trust law must apply to break up this monopoly of currency domination...

 

[Leongsam]

 

[zhihau]

Oh nein...

 

[Loofydralb]

Saddam tried it. He got regime change.
Ghadaffi tried it. He got regime change.
Will the Sauds get one too? Appears that Sauds are really angry.
Here's the funny part. Why change to Petroyuan? Would not every country.want to buy oil in their own currency?
Also SG is in a bad place because of their USD reserves

 

[syed putra]

Saddam tried it. He got regime change.
Ghadaffi tried it. He got regime change.
Will the Sauds get one too? Appears that Sauds are really angry.
Here's the funny part. Why change to Petroyuan? Would not every country.want to buy oil in their own currency?
Also SG is in a bad place because of their USD reserves

Those days there was no other realistic options.
Today, you have euros, yuan, yen, crypto.....

 

[saynotomsm]

Conspiracies theorists getting it right again? No way!

 

[maxsanic]

Saddam tried it. He got regime change.
Ghadaffi tried it. He got regime change.
Will the Sauds get one too? Appears that Sauds are really angry.
Here's the funny part. Why change to Petroyuan? Would not every country.want to buy oil in their own currency?
Also SG is in a bad place because of their USD reserves

A couple of key points:

1) Saddam and Ghadaffi got whacked at a time when US held absolute supremacy in all areas of global affairs. That is no longer the case.

2) Most countries hold majority of their foreign reserves in USD, Singapore is no exception.

3) The reason why most countries prefer an anchor pricing currency instead of direct swapping of their own currency is stability and liquidity. For e.g. if Singapore wants to sell something to Vietnam, would you rather have the contract denominated in USD / CNY / EUR or would you want to do it in Dong where anything can happen the next day?

4) Even if for small purchases and selling whereby circumstance does not allow pricing based on a third party anchor currency, most companies of a certain size either setup their own treasury or get their banks to manage local currency exposure through currency swaps and non-deliverable forwards.

 

[Loofydralb]

A couple of key points:

1) Saddam and Ghadaffi got whacked at a time when US held absolute supremacy in all areas of global affairs. That is no longer the case.

2) Most countries hold majority of their foreign reserves in USD, Singapore is no exception.

3) The reason why most countries prefer an anchor pricing currency instead of direct swapping of their own currency is stability and liquidity. For e.g. if Singapore wants to sell something to Vietnam, would you rather have the contract denominated in USD / CNY / EUR or would you want to do it in Dong where anything can happen the next day?

4) Even if for small purchases and selling whereby circumstance does not allow pricing based on a third party anchor currency, most companies of a certain size either setup their own treasury or get their banks to manage local currency exposure through currency swaps and non-deliverable forwards.

Saddam and Ghadaffi were weak countries. Saudi otoh is the lynchpin of Mideast politics. Their regime change will have unintended consequences. I also think that the Sauds are like Japan, that they are only a step away from having their own nukes or access to it.

SG can buy oil in SGD. Its stable enough and strong enough that oil producers would not mind exchanging their oil for it.

Or maybe SG is also afraid they will be regime changed

 

[hbk75]

Saddam and Ghadaffi were weak countries. Saudi otoh is the lynchpin of Mideast politics. Their regime change will have unintended consequences. I also think that the Sauds are like Japan, that they are only a step away from having their own nukes or access to it.

SG can buy oil in SGD. Its stable enough and strong enough that oil producers would not mind exchanging their oil for it.

Or maybe SG is also afraid they will be regime changed

us also weak under sleeping joe. putin warned them nuclear strikes all diam diam liao.

 

[face the facts]

usd is robbing all the honest poor people of this world since the 1970s and enriching the elites of capitol hill

 

[saynotomsm]

usd is robbing all the honest poor people of this world since the 1970s and enriching the elites of capitol hill

That's why it must be destroyed and return back to gold standard.

 

[face the facts]

That's why it must be destroyed and return back to gold standard.

short of a nuclear war, those fuckers at capitol hill wont allow it
but good signs are that lots of countries are going away from the cheating usd and stockpiling gold

its days are numbered, they have nothing to offer except overpriced weapons

 

[saynotomsm]

short of a nuclear war, those fuckers at capitol hill wont allow it
but good signs are that lots of countries are going away from the cheating usd and stockpiling gold

its days are numbered, they have nothing to offer except overpriced weapons

It will get tougher as we reach the end. The cabal will do anything but I don't think it will end up with any nuclear catastrophic. These elites are more afraid to die than ordinary people like us. They will definitely create more crisis to push us and get us on board with their new world order plan.

 

[hbk75]

All these are planned for years. Why got Russian involved then china also in. Finally Saudi also inside. Alot of countries buay song usa for very long liao now all show hand.

 

[saynotomsm]

 

[LordElrond]

Saddam tried it. He got regime change.
Ghadaffi tried it. He got regime change.
Will the Sauds get one too? Appears that Sauds are really angry.
Here's the funny part. Why change to Petroyuan? Would not every country.want to buy oil in their own currency?
Also SG is in a bad place because of their USD reserves

You’re quite right… maybe Saudi believes US will be too busy to bomb them at this time. Even Iran pulls the trigger, who else wants to miss the party. Only Singapore barks on like an obedient doggy

 

[tobelightlight]

Conspiracies theorists getting it right again? No way!

Waiting for Gersara /Nersara.