[Poison Pill]

Another brain dead non prediction. If the petro dollar is dead, can this man please tell us what system takes its place and how that system is enforced?

[Jumper]

There is no reason that anyone selling oil cannot accept other currencies... thus the dollar may not be the gold standard... all money is good as “good as gold for a day” when accepted.

[C210N]

When the petro dollar is dead and gone, the US will need a Recovery Act for National Economic Security.

Hopefully something along that line will surface.

[Georgia Girl 2]

“If the petrol dollar is dead can this man please tell us what system takes its place.”

First the author of the article is correct. The petrol dollar is all but dead. The entire world is going to shift to a new gold backed system with a one to one exchange. The US dollar is going to be called the US note. One US note will equal one Ruble, one yuan, one rupee, one peso etc.

China, India, Russia and Saudi Arabia and I believe Brazil have already agreed to this as of a week or so ago. So that means about 3.5 billion people have shifted away from the central banking system. That’s half the population of the world.

The US is preparing to join the new global system shortly as soon as the illegal foreign belligerent force is removed from DC. I was watching a video of a guy who is involved in the alternative media. He is a former Deputy Sheriff not a kook in any way. He said he spoke with a friend recently who is a VP at a Wells Fargo bank and was told that they have been training for six months for the transfer to the new system. Trump recovered our gold while he was in office. We now have sufficient reserves to be in the new system.

The Federal Reserve and SWIFT are going bye bye. They may still refer to the Fed in name only but it will be completely absorbed by the US Treasury. Nobody is going to lose their money in the transfer. It will be one for one.

[nathanbedford]

Xi jinping is fully familiar with the tenants of general Sun Tzu and therefore it is essential that one looks upon the battle environment the way xi jinping no doubt will do as his disciple.

Mindful that The Art of War emphasizes the need for quick victory, Putin's fiasco in Ukraine will be of profound disappointment to the Chinese leader. Moreover, he will take a serious lesson from the failure of Russia's invasion.

Sun Tzu emphasizes the need not only to know one's enemy but to know oneself. At this point it is difficult to assess what motivates Xi Jinping respecting his ambitions for Taiwan. We think we know what motivated Putin respecting Ukraine. The most likely analysis of Xi Jinping is that he is a flat-out fully dedicated communist who has drunk the Kool-Aid and is ideologically and emotionally committed to seize Taiwan. If that is the case, it will make it more difficult for him to comply with the mandates of The Art of War which will tell him to avoid conflict when other means might suffice.

Xi Jjinping will survey the environment with respect to his ambitions to take over Taiwan. He will, of course, weigh the power of the Taiwanese themselves to defend their island and he will further consider the power of the United States to intervene. Certainly, he will consider whether Joe Biden has the stones to intervene and will come to conclusions concerning each of these factors. But this article is concerned about the impact of sanctions on the dollar as a reserve currency and this makes up a very serious part of the environment that Xi Jinping will not fail to consider.

If xi jinping applies the principles of The Art of War he will recognize that his best course now is not to invade but to appear to cooperate with Taiwan, the United States and world opinion. This is for the obvious reason that he would like to avoid the sanctions that would probably come in the wake of an invasion. More important, he will know that the sanctions imposed on Russia have a chance of crashing the dollar as the world currency. If that occurs the military power of the United States will be dramatically vitiated because America will sink into a Great Depression aggravated by inflation caused by doomed Keynesian attempts to spend to recovery.The battlefield environment would then be greatly altered in xi jinping's favor.

There is, however, a counter consideration fo xi jinping if he delays an invasion as he waits for Taiwan to virtually fall into his grasp. His own economy is in desperate trouble with the all-important real estate sector in effect bankrup and generating knock on effects for the rest of hi economy that, anyway, is now struggling with Covid lockdowns and supply chain blockages.

He may conclude that he is in foot race with America to see whose economy will suffer first. He may conclude that it is not in his interests at this point in his marathon contest over generations to eclipse America to sacrifices economy. He might conclude that if America loses the dollar as reserve currency, America will plunge into a deep recession which in turn will drag China down. He may think that the risk for China of a deep recession are worse than the advantages that it might provide in his generations long contest with America. He might conclude that the risk of internal unrest, the internal bogeyman of the Chinese government, is simply to grave an existential risk to court.

Indeed, is even possible for these reasons that Xi Jinping will pressure Putin to cut his losses and at least enter into some sort of armistice to begin to take sanctions off the table. A world of sanctions is not a healthy world for China, no matter how ineffective many of those sanctions when directed against China might be because China is winning so long as the world sleeps. Ukraine is waking the world up and that is not in China's interest.

Whatever scenario xi jinping chooses, it is possible that these events in Ukraine have in fact made an invasion of Taiwan less likely and might even have delayed one that was already scheduled. He may want to put the world back to sleep.

[rollo tomasi]

Our "betters" in the private sector do not know what is going on because they are short-sighted buffuns addicted to debt/leveraging and bailouts, "great reset here, great reset there" while throwing poop on the wall, seeing if it sticks and securing their assets anyway they can.

The idiots running central governments just appease the fools who follow the fools as they drive up spending and regulate anything that moves as control mechanisms because they are micro-managing boneheaded PR creatures enjoying their ride at the expense of people just trying to get by in life.

A wicked lounge, but hopefully will be remodeled soon.

[CodeToad]

“If the petro dollar is dead, can this man please tell us what system takes its place and how that system is enforced?”

Simple: They use their own national currencies. How hard is that to understand?

[cgbg]

“what system takes its place and how that system is enforced?”

That is the right question—but most folks will not like the answer.

It is beginning to look like financial chaos is in the cards—with no real system taking its place and no way to enforce it.