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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: James Seagrove who wrote (135780)9/27/2017 2:52:07 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 217671
 
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.



To: James Seagrove who wrote (135780)9/27/2017 7:25:44 PM
From: TobagoJack2 Recommendations

Recommended By
bart13
James Seagrove

  Read Replies (2) | Respond to of 217671
 
re <<gold>>

just received below piece of come-hither photo pitch of now available art

a piece of raw art, nugget weighs in at 1,233 grams (~40 troy oz),

comparing favourably to my now considerably less-awsome 74 grams

whilst on koh samui over the next few days i intend to ponder the elemental question, “is there such a state as 'enough' or 'too much' gold?”

for they call to us, the call of duty

less-awesome, at 74 gm


more-awesome, at 1,233 gm