Chairman Xi Just Made a Big Move, China Announces They Will Keep Purchasing Crude Oil and Gas From Russia

prambo · Mar 28, 2022

The fUSA is run by morons...do they really think Xi gives a damn what they think?

Xi thinks he is the reincarnation of Mao - and he's acting like it.

Expect this type of behavior in the future...

gun_slinger_boy · Mar 28, 2022

We need China to make our shit and China needs us to buy their shit. This is mutually assured destruction without nukes. Should be interesting.

Toecutter · Mar 28, 2022

Complete ban on any products exiting China to the western world . Cut them the fuck off. We don't need them. They are the enemy stop funding them.

Deplorable Me · Mar 28, 2022

U-Boats ~ Allied vessel sinking, seen through periscope of ...

Bigfoot · Mar 28, 2022

Don't trust China. China is asshoe!

The fact that the CCP owns President Joe Potato and other politicians in DC doesn't help matters.

Bigfoot · Mar 28, 2022

After supplying our own energy needs here. The USA should be exporting oil and gas.

But unfortunately the ~~Democrat~~ New Green Deal Party are in charge of things now.

stokes · Mar 28, 2022

Last I heard, we are still buying that crap Russian oil.The only obligation China has to follow our sanctions is......oh, wait they have no such obligation.Soon we will be in a shooting war with Russia and China.The only way anybody in vagina land ( europe) gets involved is if the war is fought in Europe.I dont think this one will be.The commies have the ability to bring the fight here.

MothMan · Mar 28, 2022

Bigfoot said:
After supplying our own energy needs here. The USA should be exporting oil and gas.

But unfortunately the ~~Democrat New Green Deal Party~~ China Class Americans are in charge of things now.

FIFY

MothMan · Mar 28, 2022

And who did not see this happening? All part of the plan to destroy the USA. Ho Xiden will do nothing. :hookah:

Saltwater60 · Mar 29, 2022

Toecutter said:
Complete ban on any products exiting China to the western world . Cut them the fuck off. We don't need them. They are the enemy stop funding them.

I agree with everything in your post except we don’t need them, we do. They are the largest producer in the world that make magnets for anything computer based. This is because we passed so many environmental regulations in California we forced the business to close and China bought it.

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Saltwater60 · Mar 29, 2022

To this I say no shit. I said this no what’s ago and I’m sure that China isn’t and won’t be paying market value for it.

MothMan · Mar 29, 2022

Russia said it's pushing ahead with building a massive natural-gas pipeline to China as Western sanctions rock its economy

The Soyuz Vostok pipeline would deliver up to 1.8 trillion cubic feet of natural gas each year to China via Mongolia, Gazprom said.

www.businessinsider.com

spat · Mar 29, 2022

If they accept payment in Rubles or Yuan that's the beginning of the end for us.

A lot of people better buckle up for that one.

Mosinitis · Mar 29, 2022

1. U.S. has no business telling anyone how to respond to Russia/Ukraine conflict. Especially countries that are not in any alliance with the U.S.

2. China looks at the big picture of what is going on, not our hyper-propaganda. They are well aware of Maidan revolt that started the conflict and our attempt to stage a similar violent coup in Hong Kong.

3. Taiwan is Chinese territory and has to be returned.

MothMan · Mar 29, 2022

spat said:
If they accept payment in Rubles or Yuan that's the beginning of the end for us.

A lot of people better buckle up for that one.

It’s a win-win situation, and it has one potentially crucial bonus: it would further strengthen non-dollar transactions between the two countries, undermining the global dominance of the greenback, and, over time, immunizing the two countries from future sanction action.

Russia is already accepting payments in yuan for its exports to China, and Russian companies are in a rush to open Chinese bank accounts, Axios reported earlier this week. Several Russian banks are also considering a switch to China’s card payment system UnionPay after Visa and Mastercard left. An acquisition of stakes by Chinese companies in oil and metals companies would only strengthen this process.

China Plans To Take Advantage Of The Big Oil Exodus From Russia | OilPrice.com

The exodus of Western companies from Russia has left a void that China is seeking to fill in a move that would strengthen economic ties between the two countries

oilprice.com

spat · Mar 29, 2022

Mosinitis said:
1. U.S. has no business telling anyone how to respond to Russia/Ukraine conflict. Especially countries that are not in any alliance with the U.S.

2. China looks at the big picture of what is going on, not our hyper-propaganda. They are well aware of Maidan revolt that started the conflict and our attempt to stage a similar violent coup in Hong Kong.

3. Taiwan is Chinese territory and has to be returned.

When did China ever control Taiwain ?

Oh, that's right, it was the government of Taiwain that controlled all of China.

If anyone needs to be returned, it's the mainland.

US is well within its rights to make every country on earth choose between doing business with us or doing business with Russia and it's partners.

We should absolutely be leveraging our economic power to advance our international interests. Stopping China's rise is absolutely in our interest, as is maintaining the dollar's status as the global reserve currency.

Maintaining the dollar *is* worth going to war over, even a war with major powers.

Blimey · Mar 29, 2022

Europe is still buying gas from Russia.

stokes · Mar 29, 2022

Blimey said:
Europe is still buying gas from Russia.

Arent we?

spat · Mar 29, 2022

Blimey said:
Europe is still buying gas from Russia.

They will be next winter too. They've backed themselves into a corner.

They're all so desperate to outsource their carbon they're not paying attention to who they're outsourcing it too.

I guess they think global climate is only affected by locally produced fossil fuels...

GOPerfect · Mar 29, 2022

So many in the World have so much wrong.

The US is in no position to demand that any other Nation do what we want them to.

China can do whatever they want and trade with any Nation they want to trade with.

Sure, the US can threaten to stop buying China made shit, but that would be a threat that the US could not nor would not hold up too.

The American people are too greedy and too stupid to have this be a reality.

Who is going to make all the stupid shit that we buy from China? American workers? That is funny. American workers are demanding $25 per hour to make coffee and french fries. How much would they demand to actually produce a real product? Who would pay those prices?

The dollar is soon to be a thing of the past. The World market is going to jump off the dollar, sooner than later.

The entire world is laughing at the US right now. They are laughing because of the President and his staff of Mutts, freaks and deviants. They are all laughing at our elected officials. They are laughing at our ambassadors. They are laughing at our economy and they are laughing at us for our social issues. We are a joke on the world stage. We have the people and the crime of a third world nation.

We are NOT being taken seriously at all.

pshift · Mar 29, 2022

spat said:
If they accept payment in Rubles or Yuan that's the beginning of the end for us.

A lot of people better buckle up for that one.

The Yuan is fast becoming the next world currency, supplanting the USD.

Podmonkey · Mar 29, 2022

How is this a big move? China and Russia against the west has been a thing for 20 years.
My question is if China is getting nervous at seeing how impotent their Russian muscle has been in Ukraine.

spat · Mar 29, 2022

pshift said:
The Yuan is fast becoming the next world currency, supplanting the USD.

I think most people, especially on the left, have no idea what that really means.

In practice, the US will not be able to cut off the spigot of deficit spending we have been on for the last century.

We have effectively been taxing the rest of the world to support our government via inflation.

They are about to say "enough" and cut us off.

Then the left will demand we rob the rich ever more to keep paying for their policies.

That will last about 6 months before that money is all gone, and any investment in America with it.

It will be Venezuela, act 2.

Then the half the country that's been unable to do anything but suck at the government teat all their lives are in for a very rude awakening.

I have no idea what that's going to look like, but it will not be pretty at all.

I would not want to live anywhere near a significant concentration of those leeches.

spat · Mar 29, 2022

GOPerfect said:
We are NOT being taken seriously at all.

We were a year and a half ago.

And, on the international stage, it doesn't matter one bit what you think you do or do not have a right to do.

All that matters is what you have the power to do.

And it is very much in our interest not to let China get the power to dictate to us. No matter what that takes.

And yes, that means WWIII is preferable to the Yuan being the new dollar. Anyone who says otherwise has no idea what the Yuan being the global reserve means.

Celt · Mar 29, 2022

Meanwhile Xiden just lifted a crapload of tariffs on China iirc.

The reality is someone will be the big kid on the block, its human nature and that cannot be changed, its hardwired into our dna. Id rather the US be that big kid than Chyna, Russia or anyone else.

spat · Mar 29, 2022

Podmonkey said:
How is this a big move? China and Russia against the west has been a thing for 20 years.
My question is if China is getting nervous at seeing how impotent their Russian muscle has been in Ukraine.

Because until today every barrel of oil in the world has to be purchased with US dollars.

If China wanted to buy Russian oil, they had to use dollars to do it.

That meant every country on the planet that bought or sold oil needed to absorb their share of the inflation our deficit spending produces. So, basically every country was being taxed by the US government every time we printed a dollar.

If that stops, the whole house of cards that is the federal budget collapses.

Imagine the entire US debt coming due at once. That's what that means

Podmonkey · Mar 30, 2022

pshift said:
The Yuan is fast becoming the next world currency, supplanting the USD.

spat said:
Because until today every barrel of oil in the world has to be purchased with US dollars.

If China wanted to buy Russian oil, they had to use dollars to do it.

That meant every country on the planet that bought or sold oil needed to absorb their share of the inflation our deficit spending produces. So, basically every country was being taxed by the US government every time we printed a dollar.

If that stops, the whole house of cards that is the federal budget collapses.

Imagine the entire US debt coming due at once. That's what that means

China's position is more precarious than our own.
Worst case scenario, total global collapse, we have the resources and land to become self sufficient. China does not. They are a net importer of food, they import more rice from us than they grow themselves for instance. Chinese agriculture is nowhere near as advance or efficient as I the west.
China is wholly dependent on selling us cheap, low quality goods. We stop buying, they are massively fucked. The only thing proving China up is the greed of western i.e. American investors.
In the end we can buy cheap shit goods from any nation, like India for example. In fact I think we should do that, partner up with India and shut China out, let them wither and die.
China is a paper tiger. We need to focus on taking our political and corporate leadership to task on their conflictinf interests with China investment.
In summation, China needs us way more than we need them. Trump knew this and thus had them by the balls. Plus he was savvy in regards to Asian political and business culture.

Chairman Xi Just Made a Big Move, China Announces They Will Keep Purchasing Crude Oil and Gas From Russia

20×102mm Vulcan