🇫🇷 🇨🇳 💵👉 BUY GOLD PATRIOTS - France Buys 65,000 Tons Of LNG From China In First Ever Yuan-Denominated Trade
(www.zerohedge.com)
💥 BANK COLLAPSE 💥
Comments (22)
sorted by:
Ok At least the illegals will go the fuck home when the dollar collapse makes the wages suck.
I've been trying to convince people of this for years and they have difficulty believing it. A primary driver of illegal immigration is the disparity in value between the dollar and the peso, and when that changes, many of these people will go back home.
Maybe they can all go to Chyna!
Looks like we’re invading France. Saddam tried it. Khadaffi tried it. Russia trying it. France is about to find out.
Petrodollar must die! Fiat currency is whats keeping the final boss from being destroyed! We will rise from the ashes!!
How bad is the economy/life gonna get if the dollar is no longer the reserve currency? Are we talking Venezuela levels of collapse?
Yes. Venezuela levels of collapse. Once the dollar is no longer the reserve currency, other countries will not need it to settle international trade. If other countries no longer want/need the dollar then the US won't be able to pay for imports with the dollar and the trillions of dollars that foreign governments hold will come flooding back to the US. This will cause both empty shelves and hyperinflation.
I guess we better pray Xi is really a white hat like some have speculated. Crazy ass times we are living in
What confuses me is once those trillions come back, why cant the government just exchange dollar for what ever country it needs to trade with.
LNG, IS LIQUID NATURAL GAS. was not 65,000 tons of gold. Header is misleading. I read it as France buys 65000 tons of gold. Read carefully.
Uhhh... OP was saying buy gold because this is a terrible sign for the dollar.
While not a gold transaction, it’s a major U.S. “ally” moving away from the petrodollar.
This is the first drop in what will almost certainly be a flood of people moving away from the USD. This is important because the value of the USD is propped up by its status as a reserve currency. Gold and silver will likely skyrocket in demand (and price) as people look for for safe havens as the dollar collapses.
Buy gold and silver!
ty
O.k. I see what you're saying.
So can anyone explain to me how China is going to make these international trade deals in their denomination regular/stable if they have time and time again devalued their own currency.
If china is selling gold, It’s not real gold.
You make a good point. Assuming the gold is real, why would they sell a lot of gold right now?
Yup. Gold is also a super conductor. Every modern digital product uses small amounts of gold. China is the production capital of the world. I doubt china’s domestic gold production gets exported outside of the occasional panda coin.
To buy Silver?