Saudi Arabia ends 50-Year Petrodollar deal with US [Post Updated #65]

[Red-Indian]

All currency will be either digital or gold/silver . Yuan is already digital e-CNY . Once majority of the oil and gas is sold in yuan , the dollar is to officially over as the global currency if it’s not already.

Keep watching you’ll see soon.

Not that I care but any American should get rid of 25% of your dollars immediately and buy hard assets , later when possible buy digital yuan .

That's fine but if say India needs 100 Billion Yuan or Digital Yuan tomorrow to buy oil for the next couple of months, how does it get hold of the money? Will Chinese banks sell Yuan or let India borrow them? Will China be willing to free up it's currently closed markets to allow it.

In fact, India is an easier case since it at least has dollars and gold to sell if it wants to get hold of Yuan in the event some of the Gulf countries start invoicing in Yuan. How do countries like Pakistan and Bangladesh get hold of this currency?

 

[KingKhanWC]

That's fine but if say India needs 100 Billion Yuan or Digital Yuan tomorrow to buy oil for the next couple of months, how does it get hold of the money? Will Chinese banks sell Yuan or let India borrow them? Will China be willing to free up it's currently closed markets to allow it.

In fact, India is an easier case since it at least has dollars and gold to sell if it wants to get hold of Yuan in the event some of the Gulf countries start invoicing in Yuan. How do countries like Pakistan and Bangladesh get hold of this currency?

Gold backed . It’s in progress right now . It’s called hybrid convertability. You will be able to take your yuan and exchange for physical gold in allocated banks . India will be fine , most countries have been stockpiling gold for this new world monetary system .

 

[Red-Indian]

Gold backed . It’s in progress right now . It’s called hybrid convertability. You will be able to take your yuan and exchange for physical gold in allocated banks . India will be fine , most countries have been stockpiling gold for this new world monetary system .

I'm not sure we're talking about the same thing so I'll leave it at that. I believe you don't really understand the implications or mechanics of what you're blithely proposing.

 

[KingKhanWC]

I'm not sure we're talking about the same thing so I'll leave it at that. I believe you don't really understand the implications or mechanics of what you're blithely proposing.

I don’t think you understand what day it is . You’re not making any sense.

Petroyuan is now a reality . Within time it will be the world’s dominant currency. It’s a simple view many hold inc big banks and national treasuries. Feel free to ignore , most Americans esp immigrants are in denial of their dream collapsing