MikeCristo8
@MikeCristo8
The moment oil stops being traded exclusively in dollars, the global demand for the U.S. currency will plummet. The petrodollar recycling system—where oil-exporting nations reinvest their surplus dollars into U.S. Treasury bonds and assets—will evaporate, leaving the U.S. with fewer buyers for its ballooning debt.
Basel III – remember when I said yesterday that the dollar will be rejected at the point of sale?
China is massively dumping US Treasuries.
Argentina will be the next Zimbabwe.
Few understand this.
China is giving away dollars in its sale of U.S. Treasury bonds.
*this is not printed yuan.
It is my view that China has just disconnected from the dollar.
China controls interest rates on gold which controls oil price.
The release and internationalization of the unit will make China rich beyond your wildest dreams.
Gold is rising because China is selling dollars.
By Monday China will have dumped all $700 billion of their U.S. Treasury bonds.
Oil is down almost $5 since yesterday.
We are transitioning from dollars for oil.
To gold for oil.
The BRICS unit launch is likely Tuesday.
