>>796783 China launches the gold backed Petro-Yuan
Anons - there is no such thing as a GOLD BACKED YUAN. The YUAN is FIAT, just like the USD. China did start trading in Singapore on a YUAN-based commodity exchange for oil. Contracts can be purchased in FIAT YUAN, or any other currency. There's nothing gold about it.
BAKER 796783 is bullshit and does not belong as a notable
Read that one. Thanks
Missed the Roth's part. I suppose they're hedging like any prudent investor. /snark
Look legit. Nothing in OB about restrictions on southern border barrier materials.
The rumor is that the commodity exchange will someday accept gold payment for contracts. Right now its currency only.
>In reality, Pentagon sources say the trade war with China “provides a cover for the U.S. military so that they can crash the stock market
No sauce. How, and why, would the US military crash a foreign exchange?
Thanks, Baker
China needs to circulate much more currency WW to get to reserve status. These oil contracts may be a step in that direction. China also needs to export more yuan (increase imports) and reduce their trade imbalances to increase yuan exposure
The secretQ slide was bad last night
I know people who made real money on BTC and cashed out. SHA-256 is only so good, js.
Moar russian collusion. kek POTUS needs he optics stateside
Indeed, Always be prepared. PMs will be a good currency of last resort if the SHTF. Not to mention TP. kek
I read (sauce not handy) that Trump wants to build a wall between the commercial banks and the local banks/credit unions. Let the commercial make paper (derivatives), risky loans, etc. Let the locals/CUs service the people. Separates our money from the big bank fuckery
Daily concernfag post