2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.91

+0.4%

Nov 11 4:00 PM EST

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To: James Seagrove who wrote (135780)	9/27/2017 2:52:07 PM
From: Elroy Jetson	Read Replies (2) of 217688

China traded-off most of their foreign currency to support the Yuan exchange-rate China promised the IMF. Due to the constraints laid out by Mundell-Fleming, China has effectively been reduced to barter to fund major purchases like oil. The problem is there's not one single oil producer outside of China which is willing to accept Chinese Yuan in payment for oil. The local "Yuan futures market in oil" will provide the Chinese government a source of Dollars, or at the minimum gold, contributed by Chinese oil speculators to continue purchasing oil and gas during those periods of time when the Chinese central bank is completely out of foreign currencies. China and other communist nations purchased vitally needed supplies in the recent past with jewelry, paintings, antiquities, and anything else they could scrounge up that might be of value on the global markets. North Korea has gone one step further and sells the slave-labor of their citizens to work on construction projects in Russia, China and select other nations to barter for goods. China should set up a futures market in oil, payable in Chinese or North Korean slaves, and China's leadership will always be able to buy as much oil as they prefer.

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