"Rise of the Petroyuan: The End of the Petrodollar’s Reign and the Impact on Global Markets" - International Man

[prambo]

The present crop of shit-puppets that passes for "political elites" in this benighted shit-hole country have walked us, eyes wide shut, into a financial "kill box".

Rise of the Petroyuan: The End of the Petrodollar’s Reign and the Impact on Global Markets

"There will be a lot of extra dollars floating around suddenly looking for a home now that they are not needed to purchase oil.

As a result, a lot of oil money—hundreds of billions of dollars and perhaps trillions—that would typically flow through banks in New York in US dollars into US Treasuries will instead flow through Shanghai into yuan and gold.

The end of the petrodollar system is bad news for Americans. Unfortunately, there’s little any individual can practically do to change the course of these trends in motion."

 

[FP1201]

People fail to realize the Dollar is really just a paper promissory note printed out of thin air, the technical name for this is Fiat Currency.
Now, when the Dollar is no longer used for the Reserve Currency and Petro-Dollars, what the fuck are WE going to use to pay for the Oil we import?
There's likely coming a time before the 2024 elections selections where the People are going to literally take the Head of anyone in Government or Finance, and being "rich" might have bought provisions and security, but that'll only go so far before the Morlocks devour them.

 

[Drinkthekoolaid]

Its completely unfathomable how badly the Biden regime has destroyed America.

The normies only make memes about ice cream because they don't comprehend HOW BAD he has fucked things up. Its incomprehensible. Its not hyperbole to say America as we knew it may never recover.



Guys just remember at one point on the not too far past, Venezuela was one of the richest countries in the western hemisphere and it went to complete shit due to government mismanagement and terrible decision making. Sound familiar?

We might implode like Venezuela or Argentina, or perhaps get dragged into ww3 because our ice cream licking sock puppet has backed the country into an untenable position both with Russia and china.

 

[GOYABEAN]

 

[FP1201]

Its completely unfathomable how badly the Biden regime has destroyed America.

The normies only make memes about ice cream because they don't comprehend HOW BAD he has fucked things up. Its incomprehensible. Its not hyperbole to say America as we knew it may never recover.



Guys just remember at one point on the not too far past, Venezuela was one of the richest countries in the western hemisphere and it went to complete shit due to government mismanagement and terrible decision making. Sound familiar?

We might implode like Venezuela or Argentina, or perhaps get dragged into ww3 because our ice cream licking sock puppet has backed the country into an untenable position both with Russia and china.

I sincerely hope you're wrong, but in my soul know you're absolutely right.

 

[Drinkthekoolaid]

I sincerely hope you're wrong, but in my soul know you're absolutely right.

I want to be wrong.


Many have been speculating about our out of control fiat debt and as long as the USD is the Petro dollar it's seemingly been immune to monetary laws. Once the world kicks the USD to the curb (we'll fight a war first to try and prevent it from happening but ultimately fail) the USD will lose value and experience hyper inflation when the world dumps our notes.

 

[FP1201]

I want to be wrong.


Many have been speculating about our out of control fiat debt and as long as the USD is the Petro dollar it's seemingly been immune to monetary laws. Once the world kicks the USD to the curb (we'll fight a war first to try and prevent it from happening but ultimately fail) the USD will lose value and experience hyper inflation when the world dumps our notes.

It's speculation on my part, but I believe that the millions to billions sent to other Countries were done so to convert them to US Currency or get them attached to the Dollar so they'd have to trade with us as well as beholden to the US... Then there's the Rothchild Banking thing where they have a Bank in every Country except the ones we're at war or in opposition to. (Iran, Iraq, Libya, et.al.) Tell the World your Country is going on the Gold Standard and refusing the Petro-Dollar and the Bombs will start falling.