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From: BottomofChart (Rep: 0) reply to shurtha2000Date: 2018-04-06 10:32:14
Forum: Ipath Oil Return - Thread #674001790Msg #10007 - Part 1/5 (Rec: 0)
China just opened the Petrol Yuan this week where China is buying oil in chinese yuan instead of the us dollar if they can get it where they can purchase all there oil imports with there own currency all of a sudden they dont need all those us dollars or nearly as many. Re: China acting unreasonable by Retaliating ?You have $500B surplus and you wan...

Reply to shurtha2000 - Msg #2728132 - 04/06/2018 10:25
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From: apmoore (Rep: 33) reply to BottomofChartDate: 2018-04-06 10:40:04
Forum: Ipath Oil Return - Thread #674001790Msg #10008 - Part 2/5 (Rec: 0)
Re: China just opened the Petrol Yuan this week where China is buying oil in chin...

This is a dangerous prospect for the US, but I don't see any middle east country accepting Petrol Yuan for Oil as china get most of its oil from there. Who's going to accept the Petrol Yuan from those same Middle east countries that want to buy other resources that can only be bought with US dollars?


Reply to BottomofChart - Msg #2728136 - 04/06/2018 10:32
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From: shurtha2000 (Rep: 99) reply to apmooreDate: 2018-04-06 10:53:25
Forum: Ipath Oil Return - Thread #674001790Msg #10009 - Part 3/5 (Rec: 1)
Agreed ,who wants money from a country that devalues their currency on a regular basis and trades so unfairly with everyone



Re: China just opened the Petrol Yuan this week where China is buying oil in ...


Reply to apmoore - Msg #2728144 - 04/06/2018 10:40
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From: shurtha2000 (Rep: 99) reply to BottomofChartDate: 2018-04-06 11:11:48
Forum: Ipath Oil Return - Thread #674001790Msg #10010 - Part 4/5 (Rec: 0)
Re: China just opened the Petrol Yuan this week where China is buying oil in chin...

This was discussed on a conspiracy site - dangerous times ahead Game changer actually

China Russia and Iran will be using non dollars we'll see how this plays out

United States has more flaws than I wish to admit but remember one thing the countries mentioned above are scumbags its really cut and dry


Reply to BottomofChart - Msg #2728136 - 04/06/2018 10:32
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From: sammy (Rep: 131) reply to BottomofChartDate: 2018-04-06 11:37:50
Forum: Ipath Oil Return - Thread #674001790Msg #10011 - Part 5/5 (Rec: 0)
Challenging the hegemony of the dollar might be the biggest mistake China could make. Look at the money the US spent/ is spending maintaining that position. China has some huge problems; a billion people who aren't participating in the economic growth of the east coast, a huge aging population, the economy is managed through unpopular price controls and currency devaluation. And the environment has been destroyed, maybe irretrievably, to get to where they stand now. In May my son, just out of school with a BS in Econ/Math is headed to Beijing for a year to teach English. I envy him. Exciting times. Re: China just opened the Petrol Yuan this week where China is buying oil in chin...

'Gold is the only monetary asset that doesn't represent somebody else's liability'



Reply to BottomofChart - Msg #2728136 - 04/06/2018 10:32
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