Oil - Gold -USD

[Dr.Masih Rezvani + 27]

Bretton Woods 3, gold backed yuan, and demise of petrodollar… 
“An Asian Bretton Woods type set up is coming” 
Connect the Points
Gold >  USD > PetroDollar 

1- Create Gold Demand: 1944 we steer world towards gold for good reason (we have it, and Germany's lack of Gold was the cause for WW2)

2- Inflate Debt: 1971 we have to monetize debt to pay for wars in vietnam and korea > go off gold standard .

3- Create USD Demand: 1974 cut Arab deal USD for Oil > we sell them military arms, they buy UST (underground storage tank )
-------

Now: PetroDollar > Gold / PetroYuan
1- Arabs have their own strong army, US not buying as much oil, China wants more Oil 
2- China wants to replace USD as world reserve, Arabs want to sell more oil (without shale competition)
3- Arabs cut deal to sell oil to china in Yuan. Arabs will buy gold with Yuan
4- Arab world increasing trust in China, Russia a product of implicit backing of currencies with Gold
5- Arab world increasing mistrust of US intentions- ambivalent to US policies

Endgame- Arabs get to sell oil locally to China and Russia. avoid shale oil competition in U.S. This is underpinned by Yuan and Rubble implicit backing by Gold, increasing mistrust of US, especially since Saudi's don't need our weapons any more. 

[Meredith Poor + 884]

Anyone reading this should look up the book 'The Battle of Bretton Woods'. What a lot of people think happened there and what was actually going on are a bit different.

Bretton Woods set up fixed exchange rates among various currencies. This fell apart over the next couple of decades. A 'Bretton Woods 3' would be commodity focused (presumably oil) rather than 'fixed exchange rate'.

3 hours ago, Dr.Masih Rezvani said:

Endgame- Arabs get to sell oil locally to China and Russia. avoid shale oil competition in U.S. This is underpinned by Yuan and Rubble implicit backing by Gold, increasing mistrust of US, especially since Saudi's don't need our weapons any more. 

They might not need our weapons, but they are going to be in a bad way without US military support.

If the Persian Gulf turns into a free for all among the various Arab and Iranian interests (under the presumption the US withdraws and 'no longer cares', the eventual outcome would be the destruction of large swaths of hydrocarbon production, refining capacity, and terminal facilities. China might be able to 'keep the peace' until the Middle Eastern actors discover their military is ineffective.

China would be sucked dry trying to maintain a military presence on the scale of the US presence in the Gulf. China has, for example, one 'operational' aircraft carrier (which spends half it's time in drydock) and another one that isn't finished and appears to have suffered some kind of shipbuilding mishap. Some of China's terms for trading include not only trading in Yuan, but in the currencies of countries that owe China money, such as various countries in Africa. The whole point of petrodollars was to create a globally consistent and stable equation for barrels to and from currency units.

It's possible that (among themselves) they can behave decently enough to leave each other alone. So far there is little evidence that would last very long.

[footeab@yahoo.com + 2,135]

.... Delusional if you think Yuan printing press, printing at least 300% more than anyone else not named Argentina, is backed by gold. 

Has anyone been able to trade oil for Gold?  No.  Or any other product for gold?  No. 

This is a one way street and why the USD for Gold exchange failed as well.  US Fed was not willing to trade USD for gold anymore. 

Here ends the discussion of this absurdity of a supposedly "gold backed" currency.    

EDIT: PS: The only "gold backed" currency which can even partially claim to be so WAS the Russian Ruble... until the war and they decided to open the printing presses of course. 

PPS: Have you read about the hilarity of Zimbabwe "launching" a supposed "gold backed" Digital "currency"... Talk about hilarious...  Not gold backed of paper money... oh no no, the elite might lose a little gold to the plebs that way or it can be physically moved out of country... only "digital" where all the gold stays in their banks and the powerful get to change 0's and 1's on a computer whenever they feel like it. 

Unless ANYONE can trade for the gold with said currency it is NOT a gold backed currency.  Gold would have to increase in price by ~1,000,000 X

Gold only worked when very few goods were being traded outside your empire and power elite could trade it between themselves and then likewise for a VERY short period of time when one country owned ALL the worlds Gold... This is absurd. 

Energy/Power is what modern civilization's actual currency is.  Why oil/nuclear drive the world with a helping hand from NG and coal and very minor hand from hydro.  Without it you are a stone age society. 

 

Edited June 14, 2023 by footeab@yahoo.com

[alvinabish 0]

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Edited February 23 by alvinabish

[notsonice + 1,080]

On 6/13/2023 at 5:16 PM, footeab@yahoo.com said:

.... Delusional if you think Yuan printing press, printing at least 300% more than anyone else not named Argentina, is backed by gold. 

Has anyone been able to trade oil for Gold?  No.  Or any other product for gold?  No. 

This is a one way street and why the USD for Gold exchange failed as well.  US Fed was not willing to trade USD for gold anymore. 

Here ends the discussion of this absurdity of a supposedly "gold backed" currency.    

EDIT: PS: The only "gold backed" currency which can even partially claim to be so WAS the Russian Ruble... until the war and they decided to open the printing presses of course. 

PPS: Have you read about the hilarity of Zimbabwe "launching" a supposed "gold backed" Digital "currency"... Talk about hilarious...  Not gold backed of paper money... oh no no, the elite might lose a little gold to the plebs that way or it can be physically moved out of country... only "digital" where all the gold stays in their banks and the powerful get to change 0's and 1's on a computer whenever they feel like it. 

Unless ANYONE can trade for the gold with said currency it is NOT a gold backed currency.  Gold would have to increase in price by ~1,000,000 X

Gold only worked when very few goods were being traded outside your empire and power elite could trade it between themselves and then likewise for a VERY short period of time when one country owned ALL the worlds Gold... This is absurd. 

Energy/Power is what modern civilization's actual currency is.  Why oil/nuclear drive the world with a helping hand from NG and coal and very minor hand from hydro.  Without it you are a stone age society. 

 

This is a one way street and why the USD for Gold exchange failed as well.  US Fed was not willing to trade USD for gold anymore.???

why do you need to get gold from the Fed......You can buy gold at spot price plus 10 bucks and ounce everywhere and that includes delivery to your door

Your crying because you are special????????

Once you get the gold?????? well to spend it you have to sell it for dollars first

it seems that gas stations do not want gold nor physical dollars they just want you to use a credit card and for you to get the hell out of the front of the pump as others want to buy gas

 

your gold backed/use gold for transactions world ended 100 years ago......for good reason

Energy/Power is what modern civilization's actual currency is????

 

where do you come up with your BS???????

 

how is that working for you???? bringing a couple of gallons of gas to your locale grocery store and trying to use it to buy a loaf of bread?????