Trump Has Gotten China to Lower Its Tariffs. Just Toward Everyone Else.

What Liberal would berate tRump for not going to war with Iran? Ridiculous.

Have the political parties completely flipped. Well maybe in one person's small mind.

Anyone tRump never served and he has always backed down whenever "the going gets rough". Always.

Probably trying to figure how to get a bunch of lawyers to sue Iran :p LOL.
 
SunTrader said:
What Liberal would berate tRump for not going to war with Iran? Ridiculous.

Have the political parties completely flipped. Well maybe in one person's small mind.

Anyone tRump never served and he has always backed down whenever "the going gets rough". Always.

Probably trying to figure how to get a bunch of lawyers to sue Iran :p LOL.
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Did you go to Mr T’s opening campaign rally in Orlando?
 
bone said:
The strength of “petrodollars” as a “pillar” as you claim has been transformed the past several years due to producer origin. The United States is now the largest Crude Oil producer in the world. And by a comfortable margin over Russia and Saudi Arabia. And I’m quite sure that US refiners and wellhead owners are taking US Dollars - NOT Renminbi in exchange. In other words, OPEC production sway and any FX leverage they might have had has been neutered and superseded by the US and Canada.

Look at the hundreds of billions of US Dollars the Russians glom onto every year through laundering (Danske Bank alone provided $226B in US Currency to Russians through laundering in a single year according to Europol).

Several years ago, OPEC fought a price war with US and Canadian shale producers - and lost.

https://www.cfr.org/backgrounder/opec-changing-world
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Wrong on all counts.

The power of USD comes from having (or forcing at gun point) many other countries to use it.

Whether the US is the largest oil producer or not has no bearing in itself on the ability and resolve of other countries to move away from the dollar.

The CFR as a group has no credibility, other than that it has contributed significantly to the decline of America over the past several decades.
 
elitenapper said:
Wrong on all counts.

The power of USD comes from having (or forcing at gun point) many other countries to use it.

Whether the US is the largest oil producer or not has no bearing in itself on the ability and resolve of other countries to move away from the dollar.

The CFR as a group has no credibility, other than that it has contributed significantly to the decline of America over the past several decades.
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Name ONE OTC Swap contract or regulated futures contract trading anywhere in the world WITH SEGMENT LEADING VOLUME that isn’t denominated in US Dollars. The Brent ICE contract, the Singapore distillates contracts, the DME Oman contract... Crickets...

You can’t. There’s a reason for that and it’s not your facile reason. In 2019, the idea of a petrodollar is a fantasy. Middle Eastern Countries and Nordic oil producers have created Sovereign Wealth Funds. And Russia is a bonafide Kleptocracy whose power elite washes everything for Dollars and Euro.

Look at the traded volumes for the Chinese Exchange Yuan-denominated Oil contract - it’s abysmal. The CCP has a huge thirty year old apparatus devoted to pegging the Yuan low against the dollar. China wants the Yuan to be a world class reserve currency - but at the same time they unilaterally devalue their currency and refuse to allow it to float and be traded openly on world markets.

What’s left for a world reserve currency? US Dollar and the Euro. And Britain and the Eastern European Countries are making the Euro look a bit shaky. The Euro is essentially a shaky diluted Deutsche Mark. The ECB can’t exist without the Bundesbank - and the Bundesbank would love to be rid of their Eastern and Mediterranean kin.
 
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volpri said:
Did you go to Mr T’s opening campaign rally in Orlando?
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No darn it. My white hooded robe was in the cleaners and I couldn't find either of my Q or Proud Boys T-shirts in the dresser. What's a White Nationalist to do? What do you suggest? :D
 
SunTrader said:
NY Fed (backed up by our Dept of Defense Offense) has a stranglehold on 90 something percent of bank to bank money transfers
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Prove it. I’m curious. Especially the ‘stranglehold’ part.
 
elitenapper said:
The power of USD comes from having (or forcing at gun point) many other countries to use it.
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I don't get that.

I thought the USD was strong because so many people want in on US commerce, and have to do their business in USD, because by that metric are forced to exchange their currency to the USD. I thought the USD was strong because our economy is strong.

What is this "gunpoint" stuff? That sounds like conspiracy theorists?

If another nation doesn't want to use it, then they have the choice to not use it.
 
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