Is the Dollar in Danger

[Troll]

fool boy can't even admit when he's busted Lying his ass off... 🤣

check it now....

1 hour ago, Wildcat Will said:

You want France and their stance?

 

France and Arab countries deny ditching the US dollar in oil market

Wednesday, October 7th 2020 05:38 UTC

Full article

“Speculation, speculation” said French Economy Minister Christine Lagarde

France dismissed on Tuesday as “speculation” a British newspaper report that it was in secret talks with Gulf Arab states, Russia, China and Japan to replace the US dollar with a basket of currencies in trading oil.

Asked about the report in The Independent, French Economy Minister Christine Lagarde told Reuters: “Speculation, speculation. We don't like speculation.”

Pushed further on the issue, Lagarde added: “It is not on the agenda.”

The Independent's Middle East correspondent Robert Fisk cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong for his story.

It said the proposal was for trade in crude oil to move over nine years to a basket of currencies including the Japanese yen, the Chinese Yuan, the Euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, which includes Saudi Arabia and Kuwait.

Big oil producing nations denied the report on Wednesday.

The head of the United Arab Emirates' central bank said the Gulf nation has no plans to stop pricing oil in dollars or tying its currency to the greenback.

UAE Central Bank Governor Sultan Nasser al-Suweidi told The Associated Press in a statement Tuesday that “there has been no meeting ... whatsoever” to discuss ending the US currency's role in the pricing of oil.

Al-Suweidi “denied totally” a report in Britain's Independent newspaper that said secret meetings were taking place between Arab states, China, Russia, Japan and France to instead use a basket of currencies for oil.

Al-Suweidi says “there is no substitute for the dollar because it is the basis of international trade and investments”.

Saudi Arabia’s Central bank governor, Muhammad al-Jasser, in Istanbul for International Monetary Fund meetings, told reporters that there has been “absolutely nothing” of that nature discussed between Saudi Arabia, the world’s biggest oil exporter, and other countries.

Scrambling to protect the dollar's status as an international yardstick, Treasury Secretary Timothy F. Geithner told reporters the US will do “everything necessary” to maintain confidence in its currency.

Also in Istanbul for the IMF session, Geithner said, ”We recognize that the dollar’s important role in the system conveys special burdens and responsibilities on us, and we are going to do everything necessary to make sure we sustain confidence”.

Now stop your lying.

who you tryina fool fool...

you think people won't notice 

you overtyping  2020 on 2009

immediately after being busted ?!?! 

💩

 

PS: Now how you gonna manage that ....

on your original link: https://en.mercopress.com/2009/10/06/france-and-arab-countries-deny-ditching-the-us-dollar-in-oil-market 🤣🤣🤣

 

BTW: That lady in the article.... Lagarde had also served in the Government of France, most prominently as Minister of the Economy, Finance and Industry from 2007 until 2011. She was the first woman to hold each of those posts.

 

 

[Warrior]

This will have an impact if it continues at some point. 

NEW - China’s yuan has replaced the US dollar as the most traded currency in Russia for the first time — Bloomberg

[Wildcat Will]

9 hours ago, Troll said:

fool boy can't even admit when he's busted Lying his ass off... 🤣

check it now....

who you tryina fool fool...

you think people won't notice 

you overtyping  2020 on 2009

immediately after being busted ?!?! 

💩

 

PS: Now how you gonna manage that ....

on your original link: https://en.mercopress.com/2009/10/06/france-and-arab-countries-deny-ditching-the-us-dollar-in-oil-market 🤣🤣🤣

 

BTW: That lady in the article.... Lagarde had also served in the Government of France, most prominently as Minister of the Economy, Finance and Industry from 2007 until 2011. She was the first woman to hold each of those posts.

 

 

The prospect of an economic slowdown also casts a specter of doubt over whether the European Central Bank will be able to tighten monetary policy sufficiently to rein in record-high inflation.

Deutsche Bank suggested that the euro could fall into the $0.95-0.97 range if "Europe and the U.S. find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates.

[Wildcat Will]

There is a turmoil on French politics with the Emmanuel Macron, struggling to set a function in government. We ask if there is a possibility for a coalition and what is the Uber files scandal that came to light.

But before that, the euro and the dollar have reached parity for the first time in 20 years, the European economy is heading to a deep recession, but what does this mean in practice and how does it affect European citizens

Janos: You get about $1, if you change one Euro for dollars about a year ago, you could get nearly $1, 20 for this. So there has been a depreciation of the Euro. The fact that it is now one to one, the parity thing, this is a symbolic thing. In theory, it doesn’t really matter whether you get one to five, one to a half.

[Wildcat Will]

9 hours ago, Troll said:

fool boy can't even admit when he's busted Lying his ass off... 🤣

check it now....

who you tryina fool fool...

you think people won't notice 

you overtyping  2020 on 2009

immediately after being busted ?!?! 

💩

 

PS: Now how you gonna manage that ....

on your original link: https://en.mercopress.com/2009/10/06/france-and-arab-countries-deny-ditching-the-us-dollar-in-oil-market 🤣🤣🤣

 

BTW: That lady in the article.... Lagarde had also served in the Government of France, most prominently as Minister of the Economy, Finance and Industry from 2007 until 2011. She was the first woman to hold each of those posts.

 

 

I guess you know more about what they are doing than they do.......

By the way, stop getting your news from Tyrone on YouTube. He has only 64 likes and you are one of only 495 views, not counting me finding the root of the lie.

[Troll]

[Wildcat Will]

2 minutes ago, Troll said:

Telling the truth keeps you away from that.

Boys learn eventually and I will be patient with you as you come along.

[Troll]

[golfaddict1]

53 minutes ago, Warrior said:

This will have an impact if it continues at some point. 

NEW - China’s yuan has replaced the US dollar as the most traded currency in Russia for the first time — Bloomberg

Back to charting and economics vs Fear factor 

@Warriorthis is a good listen from the panel around mid Nov last year when the USD was in decline from a peak in Sept.  

For the next quarter after this vid, Worth’s prediction was accurate.  It’s bounced up a little and is now in descend mode.  

As an investor, it’s trying to understand trends and in my case trying to preserve capital.  

I’m as transparent as a persona can be on a forum.  If and when (if I’m alive to post) there is a real impact to the fear factor equation, investors will know because it will be discussed on financial shows.  To date, I have yet to view or listen to an uh oh mention… and nothing last week.   or today thus far.  
 

Listen to the panel @Warrior as this is a bit of the X’s and O’s of FX/currency.  For me, it’s a small hedge in my portfolio and that’s why I follow it closely.  I’m not in this thread for fear factor or Biden/Fed 👍🏻.   I dig analyzing things and like to express my opinions on investing as you’ve noticed on this side.
 

https://www.cnbc.com/video/2022/11/11/why-the-chartmaster-thinks-a-weak-dollar-signals-weak-stocks.html
 

 

 

 

[Wildcat Will]

3 minutes ago, golfaddict1 said:

Back to charting and economics vs Fear factor 

@Warriorthis is a good listen from the panel around mid Nov last year when the USD was in decline from a peak in Sept.  

For the next quarter after this vid, Worth’s prediction was accurate.  It’s bounced up a little and is now in descend mode.  

As an investor, it’s trying to understand trends and in my case trying to preserve capital.  

I’m as transparent as a persona can be on a forum.  If and when (if I’m alive to post) there is a real impact to the fear factor equation, investors will know because it will be discussed on financial shows.  To date, I have yet to view or listen to an uh oh mention… and nothing last week.   or today thus far.  
 

Listen to the panel @Warrior as this is a bit of the X’s and O’s of FX/currency.  For me, it’s a small hedge in my portfolio and that’s why I follow it closely.  I’m not in this thread for fear factor or Biden/Fed 👍🏻.   I dig analyzing things and like to express my opinions on investing as you’ve noticed on this side.  
 

 

Don't mean to butt in but I do mean to get an answer from someone with more knowledge in the field than myself.

What do you see, in layman's terms, regarding the strength of the dollar and the advent of nations deciding to use common currency when dealing with regional trading partners?

[golfaddict1]

8 minutes ago, Wildcat Will said:

Don't mean to butt in but I do mean to get an answer from someone with more knowledge in the field than myself.

What do you see, in layman's terms, regarding the strength of the dollar and the advent of nations deciding to use common currency when dealing with regional trading partners?

I think this covers all the bases.  
He articulated it better than I could and he’s certainly more knowledgeable than I am .  
 

 

 

“IF” the… 

[golfaddict1]

I’d love to see a neutral piece like above from CNN on Fox Business news.

Imo, cnbc and Bloomberg do solid work, with some hosts having a right side bias.  It’s good to have a mix.  

Fox Business news?  Holy “grift” Batman.   I tried to watch a few times last week, but the constant shade on the Dems was brutal and I’m not even talking about Kudlow.  

[Wildcat Will]

22 minutes ago, golfaddict1 said:

I think this covers all the bases.  
He articulated it better than I could and he’s certainly more knowledgeable than I am .  
 

 

 

“IF” the… 

I was reading you post and agreed with your take, in my mind.

[golfaddict1]

@Warriorhave a listen.  

17 min 15 secs to 35 min 31 secs 

Interview with Mark Tinker 

There’s a break between his interview, so be sure to ff and listen fully.  

I was watching this live and just remembered to share it with you.  

Was an interesting listen.  
 

https://www.bloomberg.com/news/videos/2023-04-05/-bloomberg-markets-china-open-full-show-04-05-2023
 

 

 

 

[Warrior]

19 hours ago, golfaddict1 said:

@Warriorhave a listen.  

17 min 15 secs to 35 min 31 secs 

Interview with Mark Tinker 

There’s a break between his interview, so be sure to ff and listen fully.  

I was watching this live and just remembered to share it with you.  

Was an interesting listen.  
 

https://www.bloomberg.com/news/videos/2023-04-05/-bloomberg-markets-china-open-full-show-04-05-2023
 

 

 

 

Tinker makes some interesting points. I’m not a fan how he down plays inflation in the US and it’s impact. He makes the claim that the USD will see and increase in the West with China/Russia and others moving away. I’m not sure I agree with his analysis but he’s much smarter than me so we’ll see how it plays out. I’m curious to see how this news yesterday could impact the dollar in the future if at all. 

REAKING: French President Macron wants Europe to reduce its dependency on the US and become an "autonomous third superpower.”

This comes right after he spent 6 hours with Chinese President Xi Jinping. 

He is currently still in China despite the Chinese military exercises encircling Taiwan.

According to Macron, Europe must resist pressure to become ‘America’s followers' and must avoid getting caught up in the China-US confrontation

'The great risk is getting caught up in crises that are not ours'

China enthusiastically endorsed Macron’s concept of strategic autonomy, a term Chinese officials constantly refer to in their dealings with European countries.

Macron goes further: "The worse thing would be to think that we Europeans must become followers on this topic and take our cue from the U.S. agenda and a Chinese overreaction"
 

[golfaddict1]

1 hour ago, Warrior said:

Tinker makes some interesting points. I’m not a fan how he down plays inflation in the US and it’s impact. He makes the claim that the USD will see and increase in the West with China/Russia and others moving away. I’m not sure I agree with his analysis but he’s much smarter than me so we’ll see how it plays out. I’m curious to see how this news yesterday could impact the dollar in the future if at all. 

REAKING: French President Macron wants Europe to reduce its dependency on the US and become an "autonomous third superpower.”

This comes right after he spent 6 hours with Chinese President Xi Jinping. 

He is currently still in China despite the Chinese military exercises encircling Taiwan.

According to Macron, Europe must resist pressure to become ‘America’s followers' and must avoid getting caught up in the China-US confrontation

'The great risk is getting caught up in crises that are not ours'

China enthusiastically endorsed Macron’s concept of strategic autonomy, a term Chinese officials constantly refer to in their dealings with European countries.

Macron goes further: "The worse thing would be to think that we Europeans must become followers on this topic and take our cue from the U.S. agenda and a Chinese overreaction"
 

Glad you listened.  

His pov covered much of the discussion we’ve had along with others in this thread, pros and cons of what’s transpiring now and how things may look in the future of trading in FX with two dominant currencies for example. 

He also brought up Gold making a move, which hedges vs inflation historically, but seems to have more clout with making new highs in play for this year vs FX discussions/reactions.  

Macron has the intermediary title and is doing his best I’m sure to keep things smooth and no doubt the US is watching/listening.  

 

 

[golfaddict1]

Crypto has been doing well this year, but it’s still waaaaaay off its highs, clearly evidenced by one look at my ETHE loss of value currently.  I have ETHE and MSTR investments in the Crypto sector.  

 #shrinkage  #seinfeldagain 

[Warrior]

9 minutes ago, golfaddict1 said:

Crypto has been doing well this year, but it’s still waaaaaay off its highs, clearly evidenced by one look at my ETHE loss of value currently.  I have ETHE and MSTR investments in the Crypto sector.  

 #shrinkage  #seinfeldagain 

I made the mistake, got in early and sold Crypto way too early. Got excited about the gains and missed the real wave. Still stings. 

[golfaddict1]

21 minutes ago, Warrior said:

I made the mistake, got in early and sold Crypto way too early. Got excited about the gains and missed the real wave. Still stings. 

My best crypto gain was probably cashing in my 5dimes winnings for bitcoin and letting it just sit for months. Then at some point of appreciation I cashed it in.   What a pita it was to get that 5dimes account settled.   I recall having to pay some bs fee with the bitcoin transfer payment to clear my account. 

I created a digital wallet setup to place the bitcoin transfer… had some crazy long link.  I was worried I’d lose that setup/link and adios $.  It was odd and not like having a Schwab account for example where you can reset a password.  

[Warrior]

8 minutes ago, golfaddict1 said:

My best crypto gain was probably cashing in my 5dimes winnings for bitcoin and letting it just sit for months. Then at some point of appreciation I cashed it in.   What a pita it was to get that 5dimes account settled.   I recall having to pay some bs fee with the bitcoin transfer payment to clear my account. 

I created a digital wallet setup to place the bitcoin transfer… had some crazy long link.  I was worried I’d lose that setup/link and adios $.  

Had to do the same hoops, for minute I didn’t think it was going to happen. The whole process to cash out took me almost 4 months.

[golfaddict1]

12 minutes ago, Warrior said:

Had to do the same hoops, for minute I didn’t think it was going to happen. The whole process to cash out took me almost 4 months.

Ouch.  Well glad you received your $. 

5Dimes founder , you may recall in the news.  

https://www.casino.org/news/costa-rica-court-sentences-5dimes-founders-killers-including-two-cops-to-prison/

Many feel that if you believe in God, then you need believe in a very hot place with not so nice standards of after life.  
If such a place exists, you get my drift.  There’s plenty in this read with CV’s in hand.  

[golfaddict1]

@Warrior I flipped on Bloomberg and they’re showing a repeat of a David Rubenstein interview with fed chair Jerome Powell from February 7th.  

If you’re interested to view in full… I recommend to and it has some humorous moments as a bonus.  

 

 

 

[golfaddict1]

https://www.reuters.com/markets/commodities/australias-newcrest-gets-sweetened-offer-newmont-2023-04-10/

The article doesn’t mention the NYSE tickers.  Newmont is NEM and Barrick is GOLD.  

Big deal (and sweeter) offer by the world’s top gold miner …

[Warrior]

This concerns me down the road if this trend continues.

 

https://oilprice.com/Energy/Energy-General/China-And-Russia-Look-To-Challenge-The-Petrodollar.amp.html

[golfaddict1]

16 minutes ago, Warrior said:

This concerns me down the road if this trend continues.

 

https://oilprice.com/Energy/Energy-General/China-And-Russia-Look-To-Challenge-The-Petrodollar.amp.html

Thx for the share.  I’ll have to read this later and comment if anything stands out.   

If you recall, Tinker mentioned likely the end of the petrodollar, which is his basis for two hemispheric if you will major currencies one day, which he felt was a good thing politically speaking if I recall correctly for the USD and the dark side of the moon.