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To: mac_truck

Considering all commodities are settled in USD, any talk about removing the USD from what is the largest pool, crude, is definitely a primary step in that argument and has been thrown about before by the Chinese, the Saudis (foolishly) and the Iranians.

There is not a growing demand for ex-USD assets. There is a growing call to undermine the US in any way possible that cannot be achieved on pure global trade because the US is the largest consumption based economy the world has ever or will ever know.


15 posted on 04/09/2018 11:08:14 AM PDT by Reagan Disciple (Peace through Strength)
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To: Reagan Disciple
Considering all commodities are settled in USD...

False, all commodities are NOT settled in USD.

...any talk about removing the USD from what is the largest pool, crude, is definitely a primary step in that argument

Again, no one is talking about removing or replacing the USD...they're developing alternatives.

For example, the Petro/Yuan began trading last week.

18 posted on 04/09/2018 11:34:38 AM PDT by mac_truck (aide toi et dieu t'aidera)
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