OH SHIT HERE IT COMES

98% of Jow Forums has no idea what the petrodollar is and why its important.

>Chinks can fuck off and kill themselves.
thats why they're developing Africa, they need food from someplace

in return, china had better be prepared to be the one to do all of the saudi's dirty work in the middle east if they want such a thing to happen, because US will relations would become icy.

>it's not really a hard currency.
how does China expect to back up their agreements when they are so vulnerable?

And by low key you mean our whole entire gold reserves right....@

china can't really compel saudis to do anything

Kek, maybe China will start trading Canadian land to the Saudis for oil

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Yuan has exchange rate fixed by the government and internally its value is impossible to estimate due to prices being set centrally.

98% of economists ignore that the vast majority of oil is traded in currency other than USDs.
Saudi Arabia is the one big exception to nations mostly selling in one of the trading nation's currency not in a 3rd party currency.

The U.S. dollar is the world reserve currency right now because Saudi Arabia has agreed in the 80's to trade oil using only the U.S. dollar. This is why we always glaze over Saudi Arabia when it comes to terrorism, even though they fund terrorism.

Basically what this means is that the U.S. dollar will lose it's buying power and U.S. citizens will need to start paying back $120,000,000,000,000 dollars of debt we have.

Basically, the U.S. got Chink'd.

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Trudeau drained the little that was left, Canada has been selling for decades

5 trillion of US debt is owned by other countries, China being #1. Besides, that's not the issue here.
Every country trading oil with USD means theres WAY too much US money out there, and anyone that fucks with this system will get systematically glassed, or a coup will happen in their country.

I hope China tries.

that's why they're secretly buying up resources in Africa etc!

China has it's own debt problems, in ways their problems are much worse!

Canada has large arable land which the chinks need for food production. They'll turn the cannucks into serfs within a generation.

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Oy vey! The chicoms!

Oy vey! The holocaust!

>"I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them," Carl (((Weinberg))), chief economist and managing director at High Frequency Economics, told CNBC
some jew's opinion. so worthy of a thread

1. China won't do shit.

2. This stupid ass nigger board has been talking about this for years.

3. Please shut the fuck up.

lmao, and China is going to send a carrier fleet to the gulf to protect the saudis?

Not likely. They have no means to force the Saudis to do anything, and if they cross the states all their sand becomes glass pretty quick.

>Implying that half men with half dicks can come up with anything that can stop us.

You know China even 100 years ago was almost as third world as africa or mexico? China was being propped up artificially.

2nd, supply and demand still exists. All the U.S would have to do is cut off all of our oil, watch the prices skyrocket, and have countries come begging us to sell them oil again.

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Has to happen eventually.

>'Q's so fucking good you are attributing absolutely everything ever to him

And still you dumb fucks don't have any merch.

China could probably get them to accept their currency as an exception, but there's no way they could get them to entirely drop the US dollar.

>the USA is the worlds #1 oil exporter and energy independent as of last year
>China has no natural energy resources and has billions of peasant citizens
>China has no leverage over America or Saudi Arabia as trade feuds are already underway
I’m sure that will work out for them

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Go research contries who tried to get off the petrodollar, see what happened.

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>Canada had large arable land
And yet the chinks chosen to develop African agriculture instead.

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What part of the US is now self-sufficient in regards to both oil and food don't you get? We can fuck anyone over anytime we decide to with literally zero fucks given.

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The Saudis back out of the USD, they're gonna find themselves a Terrorist state and on the receiving end of Uncle Sam's weapons.

>The US is literally energy independent
What happens now?

It's not about oil brainlet, it's about the value of your dollars.

Finally. Let's get this war started. Hopefully when it's over we'll have kickstarted a new innovation curve and be ready to build O'Neil cylinders.

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>that's why they're secretly buying up resources in Africa etc!
they have to do that because if we don't agree to sell them food they will all starve to death, you guys need to read the CIA factbook

Money is imaginary. food and oil are real. We can play fuck fuck games and ruin any country in the world that won't play ball. China talks shit to boos their people's morale but they know they are fucked as long as DJT is running the show.

China has more gold than anybody

You can't eat gold.

dollar is stable, yuan is unstable. simple.

Hide ya stocks, hide ya bonds. It all comes crashing down once we can't issue 0% treasuries forever.

The Saudis are holding the cards here. China can't compel them to do shit. If they tried to strong arm them, the Saudis would just reduce oil shipments... They're demonstrably capable of this. They did it in the 70s.

Yes but that imaginary money has a given value, and if the world stops trading oil in petrodollars, that imaginary money will collapse. Sure you could come back from it, but a collapse is a collapse.

With 1B people and a military that takes war seriously enough to keep silly women away from places they shouldn't be. Which is far more than any Western country not called Russia can say.

Look leaf, I know other countries like to think they can do shit but they can't. Unless the globalists can stop the DJT populist awakening and finish destroying us from within we will become unstoppable short of total nuclear war.

And those other currencies are traded against the dollar durrrr

Don't kid yourself China is a paper tiger. Cheap knockoffs in the military and bugmen soldiers with not experience don't do you any good.
China vs USA would be a Boer vs Zulu tier massacre.

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Why the fuck would oil importers move away from the only healthy growing currency in the world? America's economy is literally miles beyond any other nation right now in terms of health and stability.

isn't the value of the yuan pegged to the dollar though?

It's only gonna get better as other countries slide further into the toilet. The USA will become the only safe place to keep your money.

Optimism is nice and all, but the petrodollar is a blessing and an achilles heel. As long as the US scares people, it'll be fine. Ghadaffi and Saddam were "convinced", in the end.

Ahaha you wanted a happening? Here's your happening, hope you're happy.

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then why worry about others trading with something else instead of dollars?

Absolutely not. This is delusional thinking from a dying empire. Take a look at confrontations between rising and falling powers. It's not even clear we have a technological advantage over them, but God only knows the weapons WWIII will be fought with.

You're not understanding the REAL NWO. The USA is the only nation on Earth than can stand on its' own two feet. The days of subsidizing other countries to further stability are over. We don't need anyone of you any more. We set the terms you bend the knee.

>You can't eat gold.
you can. but you don't eat it for sustenance, you eat it to improve electrical connectivity in the body

This.

Whaddaya know, the Chinese are asking for (((freedom))) and (((democracy))) after all, and to think we ever doubted them and used to call them soulless bugmen

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>t. never been to China

Everything they have is in a constant state of decay and disrepair. If you've never experienced an entire culture based on passing the buck go see China.

>98% of Jow Forums has no idea what the petrodollar is and why its important.

And that's a good thing, because the less we know about something, the more we can focus on personal insults and ad hominem attacks.

BTW, use your spell chek before posting you fucking idiot

>Published 1:57 AM ET Wed, 11 Oct 2017 Updated 2:25 PM ET Wed, 11 Oct 2017

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Everything we have is in a constant state of disrepair! They "fixed" the highway here where I live and created more traffic than what they were trying to solve. I've no doubt that AA played a significant role there.
It used to be that minorities really were de minimus here - more a nuisance than anything, even the blacks with the killing was in small enough numbers that, while individually devastating, were not systematically threatening. That is no longer the case. The incompetents have significant institutional power in America today. That is a huge deal, and it is only getting worse. Today is literally as good as it gets for the foreseeable future.

>Saudis back out of USD
>American MSM suddenly discovers evidence of Saudi Arabia taking part in 9/11

>The US can fuck anyone over anytime
mfw

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Trust me you have no idea wtf you're talking about.

This

Mandatory read;

followthemoney.com/preparing-for-the-collapse-of-the-petrodollar-system-part-1/

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>will

I'll be waiting, LOL

the Yuan is pegged to the dollar so all this is a fucking joke

Literally nothing would make OPEC happier than the U.S. cutting production.

Anyone who said that discredits their selves, they have no idea how economies function or anything at all about how the world works.

It will not happen, China is literally nothing for competition with the United States.

12yr old incel detected.

> China will "compel" obedience
> rest of world will shrug and trade in the most stable currency anyway
> which may not be USD, but will definitely never be yuan

There is literally 0 advantage to the Saudis abandoning the US dollar.
The moment that happens is the day America goes "muh freedoms" on the Saudis and the Chinks are absolutely powerless to do anything about it.
It aint happening.

China doesn't want the Yuan to become a global currency, they want to force countries to trade with THEM in Yuan. They want to encourage a "currency basket" system where countries trade in their own preferred regional currency (eg. EU countries buy oil in Euros, former Soviet countries in Roubles, Japan in Yen etc.) to weaken the US dollar and thereby the US economy, which will make it easier for China to exert its influence in other areas around the world. China does not want to become a superpower, but rather able to defend its own interests easily, which the West and especially the US is preventing right now. Divide and conquer 101.

The US has a world of leverage over China. Meanwhile China is freefalling into collapse

>China does not want to become a superpower, but rather able to defend its own interests easily, which the West and especially the US is preventing right now.
Oh for fuck's sake
China is a big con
They lie about their economic numbers
Their whole economy is a lie
They spy on everyone with hidden microchips
It's over

>Saudi Arabia moves to Yuan
>We blame them officially for 9/11
>Give them our Freedom™

>It's over
I wish.
I'm so tired all the time.

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We will go to war if that's the case

>Remove Carrier group and military bases
>Somalis block the gulf and ISIS moves in
>Saudis now can’t export oil reliably to anyone
>US decides to move back in and secure freedom and democracy
>No more saudis

A lot has happened in a year user

America is the #1 oil consumer, China can pound sand.

Yes. China lies. But it doesn't matter how they got their wealth if they're buying up your neighbourhood.

The Chinese are pushing the "Renminbi" not the Yuan.

The US has been giving the Sauds obsolete military hardware for 40 years. The good shit. The buck rodgers shit is in reserve. I mean we have fusion reactors that can plug into directly into a steam turbine and integrate into our current power distribution system. That is just the icing on the cake.

Tl;Dr US has tech to make China obsolete and the US totally self sufficient. It is only a matter of will power to do so.

It's not as if the chinks are gonna be able to show up and repo chunks of Nebraska. They call that debt in and the games up, we would be poor, they would be poor, global trade would be fucked.

Eventually things would go back to normal and the debts will be forgotten.

I've been waiting for this moment for all my life, oh Lord.

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>implying the petrodollar is relevant anymore
We surpassed saudi arabia in oil production recently, fuck off newfag

That's a long term goal, but China still knows oil is on the petrodollar. For sure. They're not going to fuck with that too much right now. That would be suicidal.

literally 1 year old

God I hope so. It’s time to end this farce.

Just this. Again.

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We've lost
>Turkey to Russia [Obama: Failed Gülen coup]
>Egypt to Russia [Obama: Arab Spring fuck-up]
>Iraq to Iran [Obama: Due to neglect]
>Afghanistan to China [Obama: Due to neglect]
>Syria to Russia/Iran [Obama: Due to incompetence]
>Pakistan to China [Trump: Refused to play ball in the delicate Indian/Pakistani foreign relations game]
>Qatar to no one [Trump: Kicked them to the curb because Saudi Arabia needed a scapegoat when Trump wanted to crack down on the funders of anti-US terrorism]

We've already lost most influence we had in the region. If we lose Saudi Arabia to the Chinese, the only ones left would be Israel, since Jordan would tag along with the Saudis.

And hopefully then we can just abandon the whole levant and allow the sandniggers to obliterate Israel.

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I want solar powered/electric cars anyways