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Author Topic: Goodbye PetroDollar, Hello PetroYuan?  (Read 1007 times)

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Offline Libertas

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Goodbye PetroDollar, Hello PetroYuan?
« on: November 21, 2013, 08:14:29 AM »
http://www.zerohedge.com/news/2013-11-21/china-fires-shot-across-petrodollar-bow-shanghai-futures-exchange-may-price-crude-oi

Now, here's a shot across the proverbial bow!

It's not enough the Fed is doing all it can to destroy the dollar in order to shore up its market bubbles, keep the Wall St bonuses flowing and feeding the crony-capitalist trough and line politico pockets...now the Chinese appear to be one step closer ot replacing the dollar as preferred world currency.

Just fabulous!

The gold & silver buying window is still open...think I'll place an order while this fiat has some apparent value!
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Offline Dan

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Re: Goodbye PetroDollar, Hello PetroYuan?
« Reply #1 on: November 21, 2013, 09:51:26 AM »
Get some food too. Can't buy what isn't there.
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Offline Libertas

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Re: Goodbye PetroDollar, Hello PetroYuan?
« Reply #2 on: November 21, 2013, 11:31:17 AM »
Any barter item while you can...before fiat is nothing better than buttwipe and firestarter!
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Offline richb

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Re: Goodbye PetroDollar, Hello PetroYuan?
« Reply #3 on: November 21, 2013, 04:42:07 PM »
The end of the dollar as a reserve currency is at hand,  and the FED is drilling more holes in the bottom of the boat. 

OPEC  has wanted to replace the dollar for decades as the currency for buying oil,  and now it will take other currencies as well.   

Thankfully we have more of our own energy business at home to soften the blow a bit,  in spite of Barry's attempts to sabotage it.   People are going to be shocked at the how our standard of living will decrease when our currency is no longer the world reserve. 

Since we treat the dollar like toilet paper the rest of the world will be doing so as well.  Sooner then we think too. 
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Offline oldcoastie6468

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Re: Goodbye PetroDollar, Hello PetroYuan?
« Reply #4 on: November 22, 2013, 08:06:24 AM »
richb, I must agree with you. You wrote the simple truth. Isn't communism great?
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