+ Reply to Thread
Page 2 of 2 FirstFirst 1 2
Results 21 to 35 of 35

Thread: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

  1. Link to Post #21
    United States Administrator ThePythonicCow's Avatar
    Join Date
    4th January 2011
    Location
    North Texas
    Language
    English
    Age
    76
    Posts
    28,603
    Thanks
    30,524
    Thanked 138,533 times in 21,512 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Quote Posted by Ilie Pandia (here)
    ... let's get back on topic

    Oops

    There was a point to that digression however ... by bringing up an other subject that some of us are more familiar with, we can notice that the rise and fall of dominant players seldom happens on singular events, and even less often happens on singular events that we recognize as such, when they happen.

    Only a few of us (certainly not myself) recognized 9/11 was a major event in history, and why it was such, on the day it happened in 2001.
    My quite dormant website: pauljackson.us

  2. Link to Post #22
    United States Unsubscribed
    Join Date
    12th April 2012
    Location
    east coast suburban sprawl
    Posts
    2,896
    Thanks
    11,666
    Thanked 16,349 times in 2,716 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    An advisor friend of mine said in a text: There is a pipeline from Russia to China. All oil sold to China will be in yuan but the is pegged to the dollar. No big deal.

    QE3 is a big deal though...

    Just one dude's opinion.

  3. Link to Post #23
    United States Administrator ThePythonicCow's Avatar
    Join Date
    4th January 2011
    Location
    North Texas
    Language
    English
    Age
    76
    Posts
    28,603
    Thanks
    30,524
    Thanked 138,533 times in 21,512 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Quote Posted by donk (here)
    All oil sold to China will be in yuan but the is pegged to the dollar. No big deal.
    No big deal in the short term, but a big deal in the longer term, as the Chinese continue to loosen the dollar peg of their yuan.

    As noted in the link further loosening the tie between the yuan and the dollar, that I listed in Post #10 above, the Chinese have just relaxed their currency peg further, now allowing plus or minus one percent (1%) per day changes.

    Further, when the yuan peg to the dollar is dropped entirely, contracts already written in yuans, not dollars, will sail right through the change, unscathed.
    My quite dormant website: pauljackson.us

  4. The Following User Says Thank You to ThePythonicCow For This Post:

    Carmody (15th September 2012)

  5. Link to Post #24
    United States Unsubscribed
    Join Date
    12th April 2012
    Location
    east coast suburban sprawl
    Posts
    2,896
    Thanks
    11,666
    Thanked 16,349 times in 2,716 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Quote when the yuan peg to the dollar is dropped entirely
    I guess in the financial advisor world these, that is what it takes to make a "BIG DEAL".

    Think about it, less than a decade ago, $10 billion was a "big deal", and trillion was barely a word...

  6. Link to Post #25
    France On Sabbatical
    Join Date
    7th March 2011
    Location
    Brittany
    Posts
    16,763
    Thanks
    60,315
    Thanked 95,897 times in 15,481 posts

    Default THERE WE GO: The Beginning of the End

    Dollar no longer primary oil currency - China begins to sell oil using Yuan


    Kenneth Schortgen Jr.
    Examiner.com
    Wed, 12 Sep 2012 22:00 CDT

    © TIME/Facts Global Energy

    On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.


    Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

    "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. - Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11


    This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

    Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.

    Full article here: http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan



    Edit: Note the date of Williams' announcement...
    Last edited by Hervé; 15th September 2012 at 01:33.
    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

  7. The Following 6 Users Say Thank You to Hervé For This Post:

    D-Day (15th September 2012), Daughter of Time (15th September 2012), Dawn (15th September 2012), jjjones (15th September 2012), SKAWF (15th September 2012), we-R-one (15th September 2012)

  8. Link to Post #26
    United States Unsubscribed
    Join Date
    16th April 2012
    Location
    Could be Sirius
    Posts
    1,560
    Thanks
    5,081
    Thanked 8,827 times in 1,436 posts

    Default Re: THERE WE GO: The Beginning of the End

    wow, that is big news and most likely a precursor for what's to come....

  9. Link to Post #27
    Avalon Member Carmody's Avatar
    Join Date
    19th August 2010
    Location
    Winning The Galactic Lottery
    Posts
    11,389
    Thanks
    17,597
    Thanked 82,317 times in 10,234 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Quote Posted by Paul (here)
    Quote Posted by Ilie Pandia (here)
    ... let's get back on topic

    Oops

    There was a point to that digression however ... by bringing up an other subject that some of us are more familiar with, we can notice that the rise and fall of dominant players seldom happens on singular events, and even less often happens on singular events that we recognize as such, when they happen.

    Only a few of us (certainly not myself) recognized 9/11 was a major event in history, and why it was such, on the day it happened in 2001.
    I knew it was a lie and a false flag within one hour. There was a certain series of events that should have taken place, regarding controlling potentials for bio-attack, and those scripted and sequenced events (the overarching priority to the tune of being deemed 900% more important than any physical terrorist attack) did not take place. Even though they had become, over the years... something akin to a standing order.
    Interdimensional Civil Servant

  10. The Following User Says Thank You to Carmody For This Post:

    ThePythonicCow (15th September 2012)

  11. Link to Post #28
    United States Administrator ThePythonicCow's Avatar
    Join Date
    4th January 2011
    Location
    North Texas
    Language
    English
    Age
    76
    Posts
    28,603
    Thanks
    30,524
    Thanked 138,533 times in 21,512 posts

    Default Re: THERE WE GO: The Beginning of the End

    Quote Posted by Camilo (here)
    Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.
    Quote Posted by Amzer Zo (here)
    Dollar no longer primary oil currency - China begins to sell oil using Yuan
    ...

    On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
    I merged these two threads, and moved the result to the "Global Financial News" sub-forum.
    My quite dormant website: pauljackson.us

  12. The Following 3 Users Say Thank You to ThePythonicCow For This Post:

    bennycog (15th September 2012), Dawn (15th September 2012), Hervé (15th September 2012)

  13. Link to Post #29
    United States Unsubscribed
    Join Date
    16th April 2012
    Location
    Could be Sirius
    Posts
    1,560
    Thanks
    5,081
    Thanked 8,827 times in 1,436 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    That was funny, I couldn't figure out why I had missed all the previous posts, lol. Thanks Paul

  14. Link to Post #30
    United States Unsubscribed
    Join Date
    15th March 2010
    Posts
    10,068
    Thanks
    12,891
    Thanked 32,308 times in 7,756 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    most have forgotten Russian Banks are selling Iran's oil...

    USD has been banned at the central banks of Europe, by the Fed Reserve for Sanctions on Iran...

    this is no surprise and should drop the price of Crude by covering all of China's demands...

    but then again, none of you have forgotten the Russian oil Tycoon that Launched the Koch Empire...

    cut off middle east oil from riots over a stupid movie, brilliant move and only cost $5 Mil to make Billions...

    toss it into the lap of a Moron who thinks he is doing Gods work, and it was Viral instantly around the world...

    Russia was always good at Chess...

  15. Link to Post #31
    Netherlands Unsubscribed
    Join Date
    16th January 2012
    Age
    52
    Posts
    2,688
    Thanks
    7,860
    Thanked 12,625 times in 2,401 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    post removed, never mind.
    Last edited by 778 neighbour of some guy; 15th September 2012 at 07:38.

  16. Link to Post #32
    United States Administrator ThePythonicCow's Avatar
    Join Date
    4th January 2011
    Location
    North Texas
    Language
    English
    Age
    76
    Posts
    28,603
    Thanks
    30,524
    Thanked 138,533 times in 21,512 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Quote Posted by Camilo (here)
    Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    Lindsey Williams on Radio Liberty Sept 11 2012 : "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine." "On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.
    I have found a quasi confirmation of this claim. In Jim Willie, CB's latest HAT TRICK LETTER, he states:
    Gerald Celente reported last week, "On September the 6th of 2012, China officially announced that any country in the world that wishes to sell crude oil using its currency the Renminbi instead of the USDollar can do so. The following day September the 7th, Russia announced that the nation will sell China all the crude oil they need, no limitations whatsoever. They will not use the USDollar for their trade. While you were watching the Democratic Convention the Dollar died, says Lindsey Williams." The claim by Celente is far reaching.
    Note that Jim Willie is quoting Gerald Celente quoting Lindsey Williams; it is not clear if there is any independent reason for Jim Willie to give credence to this claim, past what originated with Lindsey Williams.
    Last edited by ThePythonicCow; 22nd September 2012 at 05:50.
    My quite dormant website: pauljackson.us

  17. Link to Post #33
    Avalon Member T Smith's Avatar
    Join Date
    15th January 2011
    Posts
    1,785
    Thanks
    15,288
    Thanked 11,418 times in 1,676 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan


  18. The Following User Says Thank You to T Smith For This Post:

    ThePythonicCow (22nd September 2012)

  19. Link to Post #34
    United States Administrator ThePythonicCow's Avatar
    Join Date
    4th January 2011
    Location
    North Texas
    Language
    English
    Age
    76
    Posts
    28,603
    Thanks
    30,524
    Thanked 138,533 times in 21,512 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    For the record, in case the above link ever ceases to work, and for those who weren't tempted to click on it, the article at that link begins:
    China in closed door negotiations to purchase Mexican crude oil without using US
    Von Helman | 21.09.2012 02:00 | Indymedia | Other Press | World
    Mexican crude oil to be sold to China without using the US dollar as its trading currency

    Sources inside the Mexican government refuse to confirm that the Mexico government has been in secret negotiations with China over possible crude oil sales to China without using the US dollar.

    China officials claim meetings held with the Mexican government and Petróleos Mexicanos (or Pemex) are for investment and economic growth inside Mexico. Crude oil purchases fall under this heading however officials on both sides in the past have stopped short of publicly discussing crude oil or any talks related to any special agreements relating to crude oil purchases.

    Sources inside Mexico claim this week that China has in fact brokered a secret deal with Pemex to purchase crude oil using currency means other than the US Dollar. The details of this agreement are still unknown at this time but China is expected to make a public announcement within the next few days.

    Over the past ten years with new trade agreements China has invested billions of dollars inside Mexico. China has helped the Mexican government create jobs and has financially supported investments in the privatization of ports and infrastructure throughout Mexico. Mexico continues to privatize large sectors of its economy and China is line to benefit from additional investments inside Mexico.

    Since the 2009 global economic crisis Mexico's central bank has been quietly purchasing large quantities of gold. Mexico Central bank buys 100 tonnes of gold
    Yes, dominos falling .
    My quite dormant website: pauljackson.us

  20. The Following 2 Users Say Thank You to ThePythonicCow For This Post:

    Reinhard (23rd September 2012), T Smith (23rd September 2012)

  21. Link to Post #35
    Avalon Member SilentFeathers's Avatar
    Join Date
    8th May 2012
    Location
    Appalachians/Earth
    Age
    61
    Posts
    3,110
    Thanks
    3,932
    Thanked 16,188 times in 2,886 posts

    Default Re: Petro Dollar Died on Sept 6th 2012 , and was Replaced by to Petro Yuan

    This is also quite important if true...

    Russia Overtakes Saudi Arabia as Top Crude Producer, JODI Says
    http://www.bloomberg.com/news/2012-0...jodi-says.html
    SilentFeathers

    "The journey is now, it begins with today. There are many paths, choose wisely."

  22. The Following 2 Users Say Thank You to SilentFeathers For This Post:

    Reinhard (23rd September 2012), ThePythonicCow (22nd September 2012)

+ Reply to Thread
Page 2 of 2 FirstFirst 1 2

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts