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Saudi Arabia Willing To Trade In Other Currencies Poses Threat To The Petrodollar
The Deep Dive ^ | 1/19/22

Posted on 01/20/2023 3:49:57 AM PST by EBH

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1 posted on 01/20/2023 3:49:57 AM PST by EBH
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To: EBH
Why would a producer continue to bourse in the currency of a nation that is doing everything in its power to destroy the business of that producer?

The BRICS don't give a s--- about sustainable unicorn rainbows, ESG, carbon credits, et al.

2 posted on 01/20/2023 3:55:44 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: EBH
Why would a producer continue to bourse in the currency of a nation that is doing everything in its power to destroy the business of that producer?

The BRICS don't give a s--- about sustainable unicorn rainbows, ESG, carbon credits, et al.

3 posted on 01/20/2023 3:55:44 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: EBH

Sure try Chinese Yen or Russian Rubbles then come back and tell us how that worked out.


4 posted on 01/20/2023 3:57:52 AM PST by jmaroneps37 (Freedom is never free. It must be won rewon and jealously guarded.)
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To: jmaroneps37

“Sure try Chinese Yen or Russian Rubbles then come back and tell us how that worked out.”

Russia isn’t a big deal with Saudi Arabia, but the Chinese Yawn will be JUST FINE, as China needs the oil.

And one thing, for sure, China WILL NOT lecture MBS on so-called ‘human rights’.


5 posted on 01/20/2023 4:21:53 AM PST by BobL
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To: BobL

If ever there were a government set on its own self-destruction, then the Joe Stolen/”Que mala” Harris regime certainly fits the description.

Fools racing about with spearpoints thrust against their own chests, on a broken and unlevel field, without any formation or discipline, often at cross purposes with themselves.

What could possibly go wrong?


6 posted on 01/20/2023 4:42:47 AM PST by alloysteel (People who think they know everything are a great annoyance to those of us who do - Isaac Asimov)
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To: Sirius Lee
Why would a producer continue to bourse in the currency of a nation that is doing everything in its power to destroy the business of that producer?

And why should the US Navy protect Ruble or Yuan denominated tankers at sea from piracy? And why should maritime insurance companies write insurance policies on those vessels?

7 posted on 01/20/2023 4:45:52 AM PST by Poison Pill
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To: EBH

SWIFT fallout begins.


8 posted on 01/20/2023 4:49:47 AM PST by EEGator
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To: BobL
China needs the oil.

Who will guarantee safe passage of those tankers from the Persian Gulf to Shanghai?

9 posted on 01/20/2023 5:01:14 AM PST by Poison Pill
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To: Poison Pill
And why should the US Navy protect Ruble or Yuan denominated tankers at sea from piracy?

The chinese navy has shown that it is more than willing to expand to protect its own container ships.

10 posted on 01/20/2023 5:08:19 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: EBH

China is the biggest export partner with over 20% of exports.

China is also the biggest import partner. They produce what Saudi wants.

Why wouldn’t they trade in Yuan?


11 posted on 01/20/2023 5:10:53 AM PST by FarCenter
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To: Sirius Lee

Well they don’t currently have a blue water capable Navy. Are they going to build one next week?


12 posted on 01/20/2023 5:13:08 AM PST by Poison Pill
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To: FarCenter

Can you tell me who will guarantee safe passage of container ships from China to Saudi and who will guarantee passage of oil tankers from Saudi to China?


13 posted on 01/20/2023 5:27:35 AM PST by Poison Pill
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To: Poison Pill
Well they don’t currently have a blue water capable Navy. Are they going to build one next week?

A) Yes they already do. B) They are expanding rapidly. The Type-003 carrier is undergoing trials and a bigger Type-004 is already under construction.

https://news.usni.org/2022/11/29/pentagon-chinese-navy-to-expand-to-400-ships-by-2025-growth-focused-on-surface-combatants

The oil producers don't need an America that is anti-petroleum, and the WEFtards hate both America and oil.

Enjoy your bug meal and occasionally running EV (And remember - no trips farther than 15 minutes from home. Or else!)

14 posted on 01/20/2023 5:29:04 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Sirius Lee
A) Yes they already do.

No, they don't.

15 posted on 01/20/2023 5:38:56 AM PST by Poison Pill
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To: Poison Pill

Yes they do.


16 posted on 01/20/2023 5:46:00 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Poison Pill

China will work with the local countries to deter piracy, and it will deploy the Chinese navy to a limited extent.


17 posted on 01/20/2023 6:02:13 AM PST by FarCenter
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To: EBH

Demented Joe is the cause of this dilema


18 posted on 01/20/2023 6:37:34 AM PST by chopperk
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Comment #19 Removed by Moderator

Comment #20 Removed by Moderator


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