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Russia & China Declare All Out War on US Petrodollar
LoP Guest
lop guest
User ID: 397629
07-17-2017 05:31 AM

 



Post: #16
RE: Russia & China Declare All Out War on US Petrodollar
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LoP Guest  Wrote: (07-17-2017 05:28 AM)
This allows nations to trade directly for goods or materials without having to set up bills of credit denominated in dollars that pass through US banks who take a percentage for servicing the deal.

What they will do is settle any imbalance in the trade in gold bullion. This is exactly how they use to conduct world trade before WW1, in gold bills of credit.

Any difference in an arranged trade was settled in gold bullion. That's why you don't really need a lot of gold to trade, you just need to deal squarely with someone from your wealth, instead of conning them with promises you will never fulfill.
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LoP Guest
lop guest
User ID: 424656
07-17-2017 09:50 AM

 



Post: #17
RE: Russia & China Declare All Out War on US Petrodollar
Time for Babylon The Great to fall
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Alpha Omega
Friendship is Magic
User ID: 419000
07-17-2017 12:13 PM

Posts: 5,680



Post: #18
RE: Russia & China Declare All Out War on US Petrodollar
LoP Guest  Wrote: (07-17-2017 09:50 AM)
Time for Babylon The Great to fall

Yup, it's been planned for a long time. The script will play out, just sit back and enjoy the ride.

It could be a good idea to get those bags of rice and beans soon. It's easier to fully enjoy the entertainment on a full stomach.
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LoP Guest
lop guest
User ID: 420616
07-17-2017 12:24 PM

 



Post: #19
RE: Russia & China Declare All Out War on US Petrodollar
House of Medvichi and Cavendish trying to wrestle control away from the Rothschild and Stuart. Hmm maybe they'll all just bankrupt each other, one can dream.
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LoP Guest
lop guest
User ID: 396841
07-17-2017 12:45 PM

 



Post: #20
RE: Russia & China Declare All Out War on US Petrodollar
Thats out of our control. Unload as many expenses as you can and be able to ride it out.....
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LoP Guest
lop guest
User ID: 397180
07-17-2017 01:48 PM

 



Post: #21
RE: Russia & China Declare All Out War on US Petrodollar
v³Exceed  Wrote: (07-17-2017 04:40 AM)
LoP Guest  Wrote: (07-17-2017 02:36 AM)
IMO this is a non-issue.

How much middle east oil is left? Not much. They've been past peak oil for years. It's taking more and more effort to get less and less oil out of the ground over there.

Russia and China can stop using dollars if they want, but where are they going to get their oil from in the future?

In the future, the United States will be the world's biggest oil producer because we have the largest untapped reserved on planet Earth.

The United States would be happy to accept payment in gold from Russia and China for our oil.

HAHAHAHAHAHAHAHAHA omfg..... The fact tha you believe this makes it even funnier....The USSA has always been the fat kid at the table. The world has just realized that they can do very well without feeding the fat kid. Fat kid should be worried....

I don't have to believe it, it's a matter of fact. The United States has the largest oil shale reserves in the world. Enough to power Earth's current annual demand for oil for hundreds of years.

We have more oil than any other country on Earth.

Instead of cackling like a clown you could do a few google searches and become informed?
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LoP Guest
lop guest
User ID: 397180
07-17-2017 02:00 PM

 



Post: #22
RE: Russia & China Declare All Out War on US Petrodollar
Saudi Arabia is already continually ramping up production to sustain demand. In another 10 years production will begin to drop irregardless of how many new wells they drill.

When that happens there will be chaos in the middle east. A number of arab countries depend on Saudi for handouts in order to survive. They don't have enough agriculture to sustain their population and depend on food imports. When Saudi can't produce enough oil to feed the arab world, the middle east will collapse into lawlessness and mass starvation even worse than anything ever seen in Africa.

American oil shale is already an industry, but at the moment a floundering one. It's harder to extract oil from shale so it's more expensive to produce. Barrels of oil have to be a certain price before it becomes profitable. Saudi knows this and that's why they are ramping up production to flood the market. They don't want US competition. They want the US dependent on them.

The problem is that while ramping up production maintains the Saudi monopoly in the short term, it hastens their peak oil crisis and hands the world energy supply to the US in the long term.
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LoP Guest
lop guest
User ID: 407372
07-17-2017 02:08 PM

 



Post: #23
RE: Russia & China Declare All Out War on US Petrodollar
LoP Guest  Wrote: (07-17-2017 01:48 PM)
v³Exceed  Wrote: (07-17-2017 04:40 AM)
HAHAHAHAHAHAHAHAHA omfg..... The fact tha you believe this makes it even funnier....The USSA has always been the fat kid at the table. The world has just realized that they can do very well without feeding the fat kid. Fat kid should be worried....

I don't have to believe it, it's a matter of fact. The United States has the largest oil shale reserves in the world. Enough to power Earth's current annual demand for oil for hundreds of years.

We have more oil than any other country on Earth.

Instead of cackling like a clown you could do a few google searches and become informed?

U.S. also has one of the largest, if not the largest, natural gas reserves in the world...and will start selling it to Europe. Trump said that in a speech while he was in Poland. So far, Putin has a monopoly on it...but not for long.
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LoP Guest
lop guest
User ID: 418260
07-17-2017 10:04 PM

 



Post: #24
RE: Russia & China Declare All Out War on US Petrodollar
LoP Guest  Wrote: (07-17-2017 01:48 PM)
v³Exceed  Wrote: (07-17-2017 04:40 AM)
HAHAHAHAHAHAHAHAHA omfg..... The fact tha you believe this makes it even funnier....The USSA has always been the fat kid at the table. The world has just realized that they can do very well without feeding the fat kid. Fat kid should be worried....

I don't have to believe it, it's a matter of fact. The United States has the largest oil shale reserves in the world. Enough to power Earth's current annual demand for oil for hundreds of years.

We have more oil than any other country on Earth.

Instead of cackling like a clown you could do a few google searches and become informed?

Shale production is already close to barely break-even EROI/EROIE in dollar terms. No one would continue to process it if it the barrel price is less than the production cost, whether in dollars or in energy spent to obtain it.

As far as ANWR (Alaskan oil) goes, it's a bit important that a NK nuke missile could turn it into a radioactive wasteland, no?
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