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Title: How China Just 'Reset' the Global Monetary System With Gold
Source: [None]
URL Source: https://www.newsmax.com/Finance/Pet ... y-system/2017/09/09/id/812544/
Published: Sep 9, 2017
Author: Peter Reagan
Post Date: 2020-09-22 11:50:25 by BTP Holdings
Keywords: None
Views: 756
Comments: 20

How China Just 'Reset' the Global Monetary System With Gold

(Dollar Photo Club)

By Peter ReaganSaturday, 09 September 2017 12:08 AM

China is taking the next big step towards dethroning the dollar’s place as the number one reserve currency around the world. But the strategy behind this big move could send gold soaring.

International oil trade is the crux of the issue. For decades, the world’s largest oil importers have paid for oil using the petrodollar, which supports the dollar’s value and fuels U.S. government deficit spending (primarily because the petrodollar is backed by Treasuries).

But now, China is looking to upset the current petrodollar system by introducing gold-backed “petroyuan” oil futures contracts. And since China is the largest importer of oil globally, this massive shift away from the petrodollar could be bad news for the U.S. But it could be great news for gold owners. Here’s why…

Building the Petroyuan

In June, China took the first step towards overturning the petrodollar by establishing a direct-trade relationship with Russia allowing for oil purchases to be made strictly in yuan. And just like that, the petroyuan was born.

Not long after China’s new deal with Russia, Chinese officials began negotiations for a similar agreement with Saudi Arabia. But the discussion didn’t flow as smoothly as it did with Russia.

That’s why China is taking things one step further with these new gold-backed futures contracts...

Gold Solves Petroyuan Concerns

Russia welcomed the petroyuan with open arms. But other big oil exporters haven’t been as keen to embrace it. Despite rising concerns around the U.S. dollar’s stability and viability, the yuan is still too illiquid and unestablished globally in comparison, causing many exporters to shy away from accepting it.

But China has an ingenious way to solve this problem: Simply back the petroyuan with gold.

By introducing these new petroyuan oil futures contracts that are convertible to gold, China is effectively negating exporters’ fears of accepting the yuan as trade payment. Gold holds a significant draw for exporters over the yuan alone, and these new contracts are opening the door for the petrodollar to be overturned… permanently.

The Nikkei Asian Review reports:

Grant Williams, an adviser to Vulpes Investment Management, a Singapore-based hedge fund sponsor, said he expects most oil producers to be happy to exchange their oil reserves for gold. "It's a transfer of holding their assets in black liquid to yellow metal. It's a strategic move swapping oil for gold, rather than for U.S. Treasuries, which can be printed out of thin air," he said.

Good News & Bad News

Depending on how your savings are invested, China’s new gold-backed petroyuan futures contracts could either be good news or bad news. Let’s get the bad news over with first…

With major oil exporters finally having a viable way to circumvent the petrodollar system, the U.S. economy could soon encounter severely troubled waters.

First of all, the dollar’s value depends massively on its use as an oil trade vehicle. When that goes away, we will likely see a strong and steady decline in the dollar’s value.

Second, the U.S. government relies heavily on the geopolitical bargaining power and benefits provided by the petrodollar system. Since the petrodollar is backed by Treasuries, the federal government depends heavily on it to fund deficit spending. Without the monetary support of the petrodollar, the U.S. government could soon find itself shouldering an even bigger debt burden than it already is (not to mention lawmakers’ current budgetary struggles and the approaching need for another debt ceiling increase).

But there are still very good news…

While the dollar and U.S. government brace for the crushing impact of China’s new game-changing oil trade instrument, there’s one asset that could benefit handsomely from this situation, and that’s physical gold.

For the first time since our nation abandoned the gold standard decades ago, physical gold is being reintroduced to the global monetary system in a major way. That alone is incredibly good news for gold owners. But that’s not all…

Think of it like this: Given the choice between trading in something backed by Treasuries (which can be created at-will from nothing by the U.S. government) or physical gold, what do you think exporters will prefer?

Not much of a question, the choice for gold-backed instruments over Treasury-backed is kind of a no-brainer…

As more and more nations pile into this new gold-backed oil trade instrument, global demand for physical gold will surge, giving gold prices a tremendous upward thrust.

All this is coming at a time when gold already has several bullish price drivers poised to drive it higher… China’s new gold-backed oil futures contracts are just icing on the cake.


Poster Comment:

It has been three years since this article was published. Where are we now with all this?

Post Comment   Private Reply   Ignore Thread  


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#1. To: BTP Holdings (#0)

The dollar still rules and DC still harasses China :-s

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-22   12:43:12 ET  Reply   Trace   Private Reply  


#2. To: NeoconsNailed (#1) (Edited)

The dollar still rules and DC still harasses China

It was a good thing that Nixon closed the gold window in 1971.

Now China is looking to dump their U.S. debt into the secondary markets. As of now the FED is buying up these Notes and Bonds. Brazil is doing the same thing.

Once the FED runs out of options and fails to buy up this debt, the chickens will come home to roost. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-22   13:16:35 ET  Reply   Trace   Private Reply  


#3. To: NeoconsNailed (#1)

The dollar still rules and DC still harasses China :-s

China has no desire or design for a free country. They rule by authority of the gun as has every communist country.

Mao was picked in 1919 by Jews to overthrow Chinese government and he did, at a cost of untold millions of lives.

POWER....That is what is afoot in this country, Godless Communists want POWER. They are willing to destroy the country to get it.

Cynicom  posted on  2020-09-22   13:25:51 ET  Reply   Trace   Private Reply  


#4. To: Cynicom (#3) (Edited)

All true, Cyni! And here's one of the MOST important links for any of us to keep handy at all times -- pics and names of the GD jews perpetuating communism in China TO THIS DAY:

https://www.islam-radio.net/islam/english/jewishp/china/jew-china- gov.htm

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-22   15:42:29 ET  Reply   Trace   Private Reply  


#5. To: BTP Holdings, Global Terrorist Thugs, Wahhabi Communism (#0)

President Donnell & the Axis of Assholes are on a global jihad for Wahhabi Totalitarian Communism.



Ron Paul - Lake Jackson Texas Values

hondo68  posted on  2020-09-22   16:24:39 ET  (1 image) Reply   Trace   Private Reply  


#6. To: NeoconsNailed (#4) (Edited)

https://www.islam- radio.net/islam/english/jewishp/china/jew-china-gov.htm

Mao had his links to the Hebes. And this also makes me think they got their nukes from the Israelis.

This was something (Israel having nukes) to which JFK was opposed.

But it was LBJ who was behind that assassination. He said to his mistress Madeleine Brown on the eve of the assassination, "After tomorrow I'll not be disrespected again." The Kennedy's thought of him as a country bumpkin. But he was ruthless to the core.

I can recall the anti-war demonstrations, "Hey! Hey! LBJ! How many kids have you killed today. :-/

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-22   16:58:47 ET  Reply   Trace   Private Reply  


#7. To: BTP Holdings (#2)

So the Fed (sic) is doing a little QE in the direction too -- what an outfit. Just throw money at everything!

I hate to say it but you and Nixon are prolly right about the gold standard. Even Sheldon Emry tau't that it was no panacea. There were constant recessions and depressions under it thru ameriKan history, amirite?

Daily Stormer preaches that (IIRC) what we need is to abolish the Fed and for the govt to issue dollars that are officially a public utility -- that would (ha ha HA) prevent all the fun and games the monsters have done through Fed usury, including the wars and their many attendant scourges.

Think I'm mixing in some Mike Rivero here and that's an unbeatable combination (which he'd never agree to).

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-22   17:01:20 ET  Reply   Trace   Private Reply  


#8. To: BTP Holdings (#6)

Yeah, where'd that peace mvt go? It's totally vanished. the 1960s peaceniks I know do not give a crap about war or peace.

""After tomorrow I'll not be disrespected again" -- respect is a huge priority with kikes, mafiosi and the brethren. It's a short jump from LBJ to the ghetto cry "You dissaspected me"!

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-22   17:05:19 ET  Reply   Trace   Private Reply  


#9. To: NeoconsNailed (#7)

abolish the Fed

Marine Corps Maj. Gen. Smedley Butler said, "I was a hit man for the bankers". ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-22   17:08:25 ET  Reply   Trace   Private Reply  


#10. To: NeoconsNailed (#8) (Edited)

1960s peaceniks

When we worked Security at Woodstock 94, one morning they called us in early because the bands started early.

When we got in there this guy had his GF on his shoulders right down front. They were telling him to get her down and he wouldn't do it.

There were two old hippies down front who were at Woodstock in 1969. I told them, "Spread out! I'm coming in!" And I jumped into the crowd.

Meanwhile, one of the guys reached out and grabbed the girl by the wrist and pulled her off his shoulders. I circled around in the crowd. He was heading for the Mosh Pit. I grabbed him by the wrist before he got in there. I reeled him in and threw him against the barricade. I put my hand under his behind and pushed up. They guys grabbed him and then they pulled me out.

Someone threw a wad of muddy straw and hit me in the face. There was a black guy on the crew who was hosing down the crowd. I tapped him on the shoulder. He turned around and hosed me off.

I saw him again in 1996 in Des Moines at Lollapalooza. He was on he crew cart. When he saw me he stopped the cart, jumped off and ran over to give me a big hug. He said, "Tex how ya doing?" He remembered me and I am lucky to remember that since the meningitis wiped out so much memory.

At Woodstock we were not supposed to throw anyone out. So we took that guy and his girlfriend to Danny, the boss, so he could read them the riot act. LOL

But after one shift I went in and sat down to eat dinner. There was a vendor sitting across from me. He said, "Buddy, you look like you been thru the war." I told him, "You know something? I feel like it.

We would go in line for breakfast. There was a guy handing out apples. I said tot him, "Give me another apple. He said, "No". I said, "Give me another apple or I will take you out behind this tent and kick your ass." He said, "There ya go."

I told that story to a Marine on Facebook and he gave me the thumbs up. LOL

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-22   18:01:58 ET  Reply   Trace   Private Reply  


#11. To: hondo68 (#5)

President Donnell & the Axis of Assholes are on a global jihad for Wahhabi Totalitarian Communism.

yes, all with two brain cells or better know this, and then there are the bushbots er trump-chumps...


I used to be in a hurry, then I figured out I was just getting nowhere fast.

IRTorqued  posted on  2020-09-22   18:17:36 ET  Reply   Trace   Private Reply  


#12. To: BTP Holdings, eoconsNailed (#10)

ere was a guy handing out apples. I said tot him, "Give me another apple. He said, "No". I said, "Give me another apple or I will take you out behind this tent and kick your ass."

the cops should have shot you! apple stealing punk that you are.


I used to be in a hurry, then I figured out I was just getting nowhere fast.

IRTorqued  posted on  2020-09-22   18:29:28 ET  Reply   Trace   Private Reply  


#13. To: BTP Holdings (#10)

Yeah, the 1960s peaceniks showed their love of truth by piling in by the 100,000s at the Woodstock Mud and Decadence festival. In 1994 they celebrated these glorious principles with muddyy, strawy, violent bedlam.

'Tis credibly said the CIA foisted the hippie mvt on the world to derail the mounting peace mandate of sane, clean-cut, drug-free youth. That 'new normal' was never proclaimed except in unlistenable drivel like The Age Of Aquarius and If You Go To San Francisco -- and is still with us in the form of a drug-saturated, mindlessly 'liberal' society.

www.youtube.com/watch?v=QwotO1M3jVg

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-23   1:06:25 ET  Reply   Trace   Private Reply  


#14. To: BTP Holdings (#9)

In his immortal, damning pamphlet WAR IS A RACKET. He was the most- decorated soldier in the US Army (or military?) up til that time.

www.ratic al.org/ratville/CAH/warisaracket.html

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-23   1:09:44 ET  Reply   Trace   Private Reply  


#15. To: NeoconsNailed (#13)

muddyy, strawy, violent bedlam

The first day I was at the TV tower. I saw some commotion over at the next tower that had the sound board. I went over there to see. Some guy had a camcorder and they were removing the batteries.

I start to head back to my spot and the crowd split. I got caught in the open with the mud people bearing down on me. I held up my hand and hollered, "STOP!" They froze in mid stride. I got over the the side and waved them on, "Go ahead." It was like a freight train going past. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-23   10:06:14 ET  Reply   Trace   Private Reply  


#16. To: NeoconsNailed (#14)

www.ratic al.org/ratville/CAH/warisaracket.html

I am well aware of Smedley Butler.

In the 1933, fascist elements in the U.S. approached Butler to lead the troops in a coup against FDR. Butler turned them all in. This was known as the Business Plot. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-23   10:12:17 ET  Reply   Trace   Private Reply  


#17. To: BTP Holdings (#16)

Many of our heroes did stupid things early in their careers.... and I'm not referring to those fascist elements ;)

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-23   10:29:37 ET  Reply   Trace   Private Reply  


#18. To: BTP Holdings (#15)

Would you agree all that represents youth gone badly off course, abandoned to it by their elders and encouraged in lostness and decadence by jew promoters who cashed in hugely?

Ha, ha, "BILL GRAHAM" -- like Billy Graham. Get it?

https://www.jpost.com/israel-news/from-holocaust-refugee-to-rocks- greatest-promoter-619888

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-23   10:32:38 ET  Reply   Trace   Private Reply  


#19. To: NeoconsNailed (#18)

https://www.jpost.com/israel-news/from-holocaust-refugee-to-rocks-greatest-promoter-619888

He and other Jewish orphans were given the choice to go to America or Israel.

“We’d never heard of either place, so we went to America!”

Germany allowed Jews to emigrate to Israel under the Transfer Agreement

It was a major factor in making possible the migration of approximately 60,000 German Jews to Palestine in 1933–1939.

What rock are they pulling these holohoax survivors out from under? 1940 was so long ago. And if they were Jews in Germany then they would have been in the camps with no hope of escape.

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-09-23   12:00:51 ET  Reply   Trace   Private Reply  


#20. To: BTP Holdings (#19) (Edited)

What rock are they pulling these holohoax survivors out from under? 1940 was so long ago. And if they were Jews in Germany then they would have been in the camps with no hope of escape.

Some ppl jokingly say well if 6 million jews died in the Holocaust why are there 6 million of them here" -- but I think that's a good serious point. Whenever I've tried to get ppl to consider the facts they've (almost always women) said "the Holocaust was real. I KNOW somebody who was in it -- she showed me her tattoo!"

Everybody in the has known a 'Holocaust survivor' (including me) and there were not 6 million jews in the countries in question.

"In all of German-occupied Europe, there were 2.4 million Jews. After the war, 3.8 million Jews applied for Holocaust reparations. Tragically, the remaining 6 million were lost. More Jews received pensions than were present in German-occupied Europe because so many of them moved west from Russia after the war and cleaned up on the pension scam."

RIP Edgar J. Steele Esq.

nationalvanguard.org/2015/03/holy-holocaust/

Wow -- says to subscribe to the NV bitchute channel. I did!

https://www.bitchute.com/channel/Lfluu5Az8RO5/

https://nationalvanguard.org/2020/09/subscribe-to-the-new-national- alliance-video-channel/

_____________________________________________________________

USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um

NeoconsNailed  posted on  2020-09-23   14:15:17 ET  Reply   Trace   Private Reply  


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