China is no Longer Going to Sell Oil in Dollars

This is very big news.  Ever since crazy Dick unlinked the dollar from gold in 1971, oil has served as an unofficial price support for the dollar ever since.  This is because all oil that is traded in the world is traded in dollars.  There were a few countries that did not trade oil in dollars like Iraq and potentially Libya but luckily they were ruled by very bad men and had to be taken out by the peace loving civilized societies of the West.  This of course issued an new golden age that allowed the poor oppressed people of Iraq and Libya to enjoy the fruits of democracy that is working so well here, but I digress. 

China is now the newest country in the world to attempt get out from under the Federal Reserve’s massive monetary devauluation. They want to trade oil in something else besides dollars.  This is very logical for them, they are getting killed economically by continuing to buy so many dollars because dollars are dropping in value so quickly and will continue to drop in value as far as the eye can see.  It is likely obvious to the leaders of China and many other national leaders from around the world for that matter, that the dollar is on its last legs.  No one wants to get stuck holding the bag of trillions of dollars when the run against the dollar finally takes place.  For this reason, China is already taking measures to insulate themselves when this inevitably happens.  The problem for the U.S. is that the more steps that China takes to protect themselves, the more weak the dollar eventually becomes.  Unfortunately for the U.S., China will be much harder to persuade than Iraq or Libya.

When the actual run on the dollar actually happens is still unknown but things continue to move in that direction.  There is no end to the debt or the money printing that comes out of the Federal Reserve.  The U.S. will default either out right by reneging on its obligations like social security, medicare, and bonds or through massive inflation which the usual tool of governments.  Either one will be devastating to the U.S. economy but massive monetary inflation will be much worse.  It is best to prepare now.

 

 

 

601 thoughts on “China is no Longer Going to Sell Oil in Dollars

  1. Today, I went to the beach with my kids. I found a sea
    shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put
    the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is entirely off topic but I had
    to tell someone!

  2. Howdy I am so glad I found your webpage, I actually observed you by accident, although I had been seeking on Digg for another thing, No matter I am below now and would similar to to state many thanks a great deal to get a marvelous article and also a all spherical interesting website (I also like the topic/layout), I don’t have time to browse all of it in the mean time but I have e-book-marked it as well as additional within your RSS feeds, so After i have enough time I will probably be back again to examine quite a bit much more, Please do keep up the wonderful work

  3. Superb get the job done! This is the kind of knowledge that ought to be shared all over the online market place. Shame on the search engines for not positioning this write-up bigger! Arrive on about and go to my Website . Many thanks =)

  4. 734 595565Thank you for your really great information and respond to you. I require to verify with you here. Which isnt 1 thing I often do! I get pleasure from reading a publish that can make men and women think. In addition, thanks for permitting me to remark! 252698

  5. 232246 842800Hi. Cool post. Theres an concern together with your internet site in firefox, and you may want to check this The browser is the market chief and a excellent section of men and women will pass more than your great writing because of this dilemma. 623602

  6. Pingback: hindi movie online

  7. Awsome article and right to the point. I am not sure if this is in fact the best place to ask but do you folks have any thoughts on where to get some professional writers? Thank you :)

  8. 673956 31206informatii interesante si utile postate pe blogul dumneavoastra. dar ca si o paranteza , ce parere aveti de inchirierea apartamente vacanta ?. 91057

  9. 824330 92482Fascinating internet site, i read it but i nonetheless have several questions. shoot me an e-mail and we will talk a lot more becasue i may possibly have an fascinating idea for you. 709207

  10. 103162 682758Quite man or woman speeches want to seat giving observe into couples. Brand new sound system just before unnecessary people ought to always be mindful of generally senior common rule from public speaking, which is to be the mini. finest man speaches 983435

  11. 591069 441764Youre so cool! I dont suppose Ive learn anything like this before. So nice to find any person with some authentic thoughts on this subject. realy thank you for starting this up. this internet site is something that is wanted on the internet, someone with slightly bit originality. valuable job for bringing something new to the web! 767962

  12. A formidable share, I simply given this onto a colleague who was doing slightly analysis on this. And he actually bought me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading extra on this topic. If potential, as you grow to be expertise, would you thoughts updating your weblog with more particulars? It is highly useful for me. Large thumb up for this blog put up!

  13. It’s in point of fact a great and useful piece of information. I’m satisfied that you simply shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.

  14. Hi! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog post or vice-versa? My blog goes over a lot of the same topics as yours and I believe we could greatly benefit from each other. If you are interested feel free to send me an e-mail. I look forward to hearing from you! Fantastic blog by the way!

Leave a Reply

Your email address will not be published. Required fields are marked *