Bretton Woods 3, gold backed yuan, and demise of petrodollar…
“An Asian Bretton Woods type set up is coming”
Connect the Points
Gold > USD > PetroDollar
1- Create Gold Demand: 1944 we steer world towards gold for good reason (we have it, and Germany's lack of Gold was the cause for WW2)
2- Inflate Debt: 1971 we have to monetize debt to pay for wars in vietnam and korea > go off gold standard .
3- Create USD Demand: 1974 cut Arab deal USD for Oil > we sell them military arms, they buy UST (underground storage tank )
-------
Now: PetroDollar > Gold / PetroYuan
1- Arabs have their own strong army, US not buying as much oil, China wants more Oil
2- China wants to replace USD as world reserve, Arabs want to sell more oil (without shale competition)
3- Arabs cut deal to sell oil to china in Yuan. Arabs will buy gold with Yuan
4- Arab world increasing trust in China, Russia a product of implicit backing of currencies with Gold
5- Arab world increasing mistrust of US intentions- ambivalent to US policies
Endgame- Arabs get to sell oil locally to China and Russia. avoid shale oil competition in U.S. This is underpinned by Yuan and Rubble implicit backing by Gold, increasing mistrust of US, especially since Saudi's don't need our weapons any more.
“An Asian Bretton Woods type set up is coming”
Connect the Points
Gold > USD > PetroDollar
1- Create Gold Demand: 1944 we steer world towards gold for good reason (we have it, and Germany's lack of Gold was the cause for WW2)
2- Inflate Debt: 1971 we have to monetize debt to pay for wars in vietnam and korea > go off gold standard .
3- Create USD Demand: 1974 cut Arab deal USD for Oil > we sell them military arms, they buy UST (underground storage tank )
-------
Now: PetroDollar > Gold / PetroYuan
1- Arabs have their own strong army, US not buying as much oil, China wants more Oil
2- China wants to replace USD as world reserve, Arabs want to sell more oil (without shale competition)
3- Arabs cut deal to sell oil to china in Yuan. Arabs will buy gold with Yuan
4- Arab world increasing trust in China, Russia a product of implicit backing of currencies with Gold
5- Arab world increasing mistrust of US intentions- ambivalent to US policies
Endgame- Arabs get to sell oil locally to China and Russia. avoid shale oil competition in U.S. This is underpinned by Yuan and Rubble implicit backing by Gold, increasing mistrust of US, especially since Saudi's don't need our weapons any more.