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

GLD 379.87

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Nov 11 4:00 PM EST

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To: TobagoJack who wrote (135783)	9/27/2017 8:26:18 PM
From: Elroy Jetson	Read Replies (1) of 217701

Each statement is true and verifiable. If you prefer an alternate reality it won't be supported by the facts. ******************************************************************************************************************** China has 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 oil producers outside of China will not accept Chinese Yuan in payment for oil. Venezuela alone accepts Yuan because they owe China huge debts incurred to prop-up their collapsing economy. 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. The Soviets began this practice in 1932 with their sale of the art in the Hermitage to western galleries to raise hard currency. North Korea has gone one step further and sells the slave-labor of their citizens to work in Russia and select other nations to barter for goods. - nytimes.com China should look to this ancient and noble civilization for the solution to ongoing oil purchases. China should set up a futures market in oil, payable in North Korean or Chinese slaves, and China's leadership will always be able to buy as much oil as they prefer**.

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