November 22, 2017, 08:58:32 PM

Author Topic: De-dollarization: watch this space  (Read 1011 times)

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Re: De-dollarization: watch this space
« Reply #20 on: November 12, 2017, 06:07:21 PM »
Oh noes! Stock up on Bitcoin, boys; the American dollar is in trouble!

You had the same complacent attitude before Brexit and Trump's election victory I remember.

Still determined to stay in your echo chamber? then you'll keep being surprised by reality.

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China’s Petro-Yuan Plan Could Upend Oil Markets

Oct 24, 2017, 1:00 PM CDT

China launching a yuan-denominated oil futures contract by the end of this year will shock those investors who have not been paying attention to the Chinese plans, Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), told Bloomberg Television on Tuesday.

The yuan-priced oil contract will be a kind of a hedging tool for Chinese firms, Levinson told Bloomberg. The yuan crude futures contract will also help the Chinese in their push to make their currency more international and widely used in global trade settlements, Levinson noted.

https://oilprice.com/Latest-Energy-News/World-News/Hedge-Fund-Chinas-Petro-Yuan-Plan-Could-Upend-Oil-Markets.html
Article by Tsvetana Paraskova. Russki plant?

Offline Aurata

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Re: De-dollarization: watch this space
« Reply #21 on: November 14, 2017, 10:16:56 PM »
If I were you i'd be converting my dollars to won at least.

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Petroyuan Can Accelerate the De- Dollarization

26 minutes ago

The introduction of Yuan-denominated oil futures benchmark by China in coming months may represent a big shift in the global order. It could potentially start the progressive decline in US Dollar. To start, there will be lesser demand for U.S. securities across the board. Secondly, Carl Weinberg, chief economist at High Frequency Economics estimates it will take away between $600 billion and $800 billion worth of transactions out of the dollar.

Based on the correlation chart above, we should also see Oil priced in dollar starting to rise as the U.S. dollar lose its value. Not only that, we should also see Gold and other commodity's price rallying in dollar's term...
https://www.fxstreet.com/analysis/petroyuan-can-accelerate-the-de-dollarization-201711141343
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Re: De-dollarization: watch this space
« Reply #22 on: November 14, 2017, 10:43:36 PM »
The dollar will never collapse. America, the most powerful, most successful nation in history. Now and forever. Suck it, Russia.  :afro:

Offline Aurata

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Re: De-dollarization: watch this space
« Reply #23 on: November 15, 2017, 01:11:06 AM »
America, the most powerful, most successful nation in history. Now and forever.

You've never heard of the British Empire I take it?

Quote
The dollar will never collapse.

 :laugh:

I can assure you that it will, and in the not too distant future.

Imagine your Korea...

Online gogators!

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Re: De-dollarization: watch this space
« Reply #24 on: November 15, 2017, 08:25:02 AM »
If I were you i'd be converting my dollars to won at least.

Quote
Petroyuan Can Accelerate the De- Dollarization

26 minutes ago

The introduction of Yuan-denominated oil futures benchmark by China in coming months may represent a big shift in the global order. It could potentially start the progressive decline in US Dollar. To start, there will be lesser demand for U.S. securities across the board. Secondly, Carl Weinberg, chief economist at High Frequency Economics estimates it will take away between $600 billion and $800 billion worth of transactions out of the dollar.

Based on the correlation chart above, we should also see Oil priced in dollar starting to rise as the U.S. dollar lose its value. Not only that, we should also see Gold and other commodity's price rallying in dollar's term...
https://www.fxstreet.com/analysis/petroyuan-can-accelerate-the-de-dollarization-201711141343
financial porn--clickbait that you fell for.

Offline MayorHaggar

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Re: De-dollarization: watch this space
« Reply #25 on: November 15, 2017, 10:52:48 AM »
The dollar will never collapse. America, the most powerful, most successful nation in history. Now and forever. Suck it, Russia.  :afro: