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End of Dollar being moved along much quicker?


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End of Dollar being moved along much quicker?

Old 03-15-2022, 05:00 PM
  #21  
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Originally Posted by Myfingershurt
But i the question still remains: if given the choice of whether to use the dollar or yuan for oil purchases, why would any other country choose the yuan and support Chinese yuan becoming the dominant currency. It seems like for most countries in the world, China calling the shots would be a much worse option. And i wasn’t saying other countries can just decide to use their own currencies, but they request the same talks that China is having now. I could definitely see the EU collectively trying to make the same kind of deal when they see opec being open to accepting other currencies than the dollar.
Well because in reality, its really a transaction. of course theres more in detail about it. Lets say Australia needs their Oil, all they do is sign their agreement with Saudi, get their Oil X times per month and they exchange their currency for Dollars or Yuan and then send it to Saudi Arabia. Its really just a transaction. From 1973 to Today its all 100% in Dollars. Why would any other country support the Yuan? well, the dollar is at the end of the road, you cant expand it anymore. People are tired of the US using the dollar as a weapon. Many world leaders are corrupt, along with our own government and WANT to get rid of the dollar. Our government is clearly not even upset about this. China also has been making a ton of deals around the world in places like Latin America, Asia, they have been setting up for this moment, many countries will start using the Yuan to buy Oil and it will be a domino effect as everyone runs for the hills when you start seeing america default. Alot want this to happen because they need to escape the dollar. Its complicated and complex, but this is not happening by accident. Yes, sadly China will eventually get the powers we have by being able to print money like we do and then they will be the next super power. This is the 1st step and this 1st step will be big enough to send inflation so high that we will really be in a world of hurt. We already are seeing it before this announcement by the Saudi's
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Old 03-15-2022, 05:13 PM
  #22  
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You acknowledge the US uses the dollar as a weapon, but you aren't acknowledging that China does the same with the yuan. The only countries that will actually switch to the yuan are doing it out of desperation. That's why China is "investing" heavily in Africa and South America. Those are the only places that are willing to take that risk.
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Old 03-15-2022, 05:31 PM
  #23  
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Yep, we are mere weeks from a Zimbabwe currency situation where our standard of living will fall to that of Europeans or Canadians.
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Old 03-15-2022, 05:38 PM
  #24  
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Originally Posted by 2StgTurbine
You acknowledge the US uses the dollar as a weapon, but you aren't acknowledging that China does the same with the yuan. The only countries that will actually switch to the yuan are doing it out of desperation. That's why China is "investing" heavily in Africa and South America. Those are the only places that are willing to take that risk.
Yes, but the Saudi's are really upset with what we are doing, we have really weaponized the dollar. Did you know we are now stealing dollar reserves from other countries to pay for the interest on our debt so we dont default?? So countries are seeing this and will want to get out, the country seeing this the most is Saudi Arabia. This is why they are having meetings with China and announcing that they are considering the Yuan for Oil. Have you heard of the BRICS countries? Brazil, Russia, China, India, South Africa. Just those countries alone will use the Yuan, then the US defaults and then a domino effect and everyone gets out of the dollar. This is the de-dollarization. When the US defaults, even our allies wont be left holding the bag. There is no way around this... The petro-dollar is what kept our standard of living so high compared to the world, now we lose all that power and the dollar will have hyper inflation and it will impoverish most of us. When we default, its over. Credit freezes up, no more lending, $30 milk, $500 to fill your gas tank, $1000 to fill your truck,probably more. its not gonna be pretty. We will be Argentina and just another country, no more good standard of living. Now is the time to consider a hedge on your money.. thats all
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Old 03-15-2022, 05:42 PM
  #25  
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Originally Posted by Bluesteal
The end of the dollar moving faster than I thought it would be....First, its important to know how the World reserve currency/petro-dollar works, then it will become easy to understand how this all works and why we have all been spoiled for many decades with a much better standard of living.

Saudi Arabia is now considering allowing China to use the Chinese Yuan to buy Oil. Further destroying the Petro-Dollar which was agreed on for many decades to purchase Oil. This is what I have warned about for a long time. You all think this inflation is bad now... there's about to be trillions and trillions, i dont even know anymore how many dollars will be looking for a new home as 25% of Oil being purchased from the Saudi's will be from the Yuan and not the dollar. Of course this is 1 step, then the next step is 50%. Then all other countries that are tired of the dollar being weaponized will then also beable to buy Oil without using the dollar.

Here comes the end of the dollar as the world reserve currency... its very soon and $300-$400Hr as a Captain will be not much money at all as the value of the dollar will plummet and buying power will be lost like we have never seen before. Our standard of living is going plummet. Like ive been saying for awhile, this is all one big spiderweb and to think sanctions will hurt Russia and Putin is just ignorance. This was all 30+ years in the making and designed to bring down the west and sadly our government(both sides of the aisle) is beyond corrupt. Buy Gold, Silver, maybe some Bitcoin, Ethereum, storable food for you and your families because our way of life is about to get destroyed. Every time the collapse of the world reserve currency happens and replaced with another currency, that country that loses it's status becomes very brutally violent (we are already seeing the beginning) as poverty skyrockets, crime rises, cost of living is not attainable by majority of population. Some other advice... all your 401k's, retirement funds will literally be worthless as it will lose all of its buying power. Consider moving some retirement funds into Gold, Crypto if its available. Bottomline, do whatever you can to get away from dollars and into hard assets. Anyone holding dollars will be left holding the bag.

I say all of this to not scare people, but to be a warning and to possibly help some people on here make some moves before it gets really bad, its already beginning, but once the dollar loses its reserve currency, its not going to be fun here. Saudi's considering moving to the Yuan and getting away from the Dollar is going to be the nail in the coffin. Inflation will become Hyper-Inflation. I'll be a happy camper when all my hard assets will not lose value while the dollar gets destroyed. Im hoping you can all do the same also. Good luck and VOTE NO on all your contracts! Being stuck on a 5yr contract sitting at $300Hr for CA and $175Hr for FO's wont be fun trying to survive with a family because it will be impossible to do.

I 100% agree, I have been following this for awhile also. Thats another reason why I own alot of crypto. Sad news, but its not official yet, but if they come to this agreement soon, its not going to be good. But, its bound to happen, its just our time unfortunately.
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Old 03-15-2022, 06:10 PM
  #26  
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Originally Posted by 2StgTurbine
The end is nigh!

For my entire career, I've had to sit next to people claiming that the dollar was about to collapse. Just like doomsday predictions, the date of the collapse is constantly getting pushed forward.

Pilots have been too busy becoming experts in virology, they let their global economics credentials lapse. When it comes down to it, people want to put their wealth in institutions they trust. Since we live in America, we are hyper-aware of all of our problems. That distorts our perception of reality. Do you really think China doesn't have its own crippling economic issues? I don't see any major country tying their economy to the Yuan. Our institutions may be on the decline, but the rest of the world is declining at a great rate.
2Stage:
I just did a quick skim through this thread. The info presented is fragmented at best, which leads to poor conclusions. (example: Iran has sold oil to China for gold, whose value was based on the U.S. dollar. The world somehow kept spinning)
I think your take is the closest to short term reality. Long term, economies are determined by the resources that money is used to trade in. The resources are the reality, not the money.
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Old 03-15-2022, 06:13 PM
  #27  
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Originally Posted by chihuahua
This is exactly the problem. The US govt has proven over the last three weeks that it is no longer an institution that can be trusted. Do something the Washington regime doesn't like, you get cut off from using the dollar. This is why countries will now be dumping their dollars and looking for a different unit of account to settle trade in.
Dude. Who do you work for, the SVR or GRU?

The entire western world, and some of the east just cut RU off.
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Old 03-15-2022, 06:16 PM
  #28  
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Originally Posted by Bluesteal
Exactly Chihuahua... we're so brainwashed by the TV that people dont even realize these sanctions are absolutely killing the west and mostly the US. The whole world will go away from the dollar and as the Saudi's have their meeting with China today, Saudi's and other OPEC nations may now price their oil in Yuan. Crushing the US and impoverishing the people
Don't buy it. If our entire economic system depends on the Saudis dealing in dollars, we have bigger problems.
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Old 03-15-2022, 06:18 PM
  #29  
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Originally Posted by 2StgTurbine
You acknowledge the US uses the dollar as a weapon, but you aren't acknowledging that China does the same with the yuan. The only countries that will actually switch to the yuan are doing it out of desperation. That's why China is "investing" heavily in Africa and South America. Those are the only places that are willing to take that risk.
Yes. China is no beacon of hope and stability, especially compared to the US.
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Old 03-15-2022, 06:47 PM
  #30  
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Originally Posted by rickair7777
Don't buy it. If our entire economic system depends on the Saudis dealing in dollars, we have bigger problems.
Yes, take the time to understand the petro-dollar and how global trade is in USD. If the world goes away from the dollar to purchase Oil from not just the Saudi's but other OPEC nations, the dollar will collapse and all those exported dollars that countries need to buy Oil will then be sent back to the US with no home causing massive inflation and government defaulting on the debt taking down the whole economic system. We were spoiled for 50 years with the Petro-dollar allowing our standard of living to be higher than everyone else. All countries had to exchange their currency for Oil and we didnt. And yes, this is our biggest problem that nobody talks about as everyone focuses on Russia
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