Yongpeng Sun-Tastaufen
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lol........You're twisting yourself up in knots, unnecessarily.
A russia china oil trade will be the easiest thing in the world. They will create a mechanism for it and if they have to, the Chinese will bring a van load of USD cash and drive it to Moscow if need be.
More importantly, people like me don't care about what people like you have to say about me in the leastThis @Wood person, in a message above, clearly said that because Canada's interests lie with in American camp--and he is living in Canada--and so it is quite okay to turn a blind eye to international events as long as it serves his interests. He is a 'well adjusted' Indian in Canada who could even sell India's interests if I were to guess. Humanity doesn't matter as long as his interests are served. People like him hide behind 'freedom and democracy' or 'sovereignty' or other higher principles despite whatever facts are given to them, but it is not hard to spot opportunism, intellectual laziness and hypocrisy in such people.
I believe unless the world is a fair world we are condemned to eternal wars. And for that we need to question everything in front of us as a start. And we need to especially question the dominant media narratives because they are purposefully driven. Some people could benefit from watching Michael Moore's 'Fahrenheit 911'.
Well, that's why I said you should not have ever work in a bank.......The "extra" money is just a shift of your existing money. You may plan to do some investment elsewhere. Now, Russia oil is the deal of the century. So, you table your original plan to buy Russia oil. It is the same as how housewives manage their purchase with their money.
US also have asset based loan, US loan Congo the money in exchange of lease and ownership of Uranium and Gold/Diamond mine.The difference between US/EU loans and Chinese loans is that Chinese have asset based guarantees for their loans. I don't know if US did the same in most of their soft loans
Russian oil and gas exports are 150 billion per year USD. They can pay in different currencies, but I suspect it will be a RUB:RMB trade of some sort. We will find out soon.Again, you are not talking about a few millions here and there, Russian oil export alone is worth roughly 200 billions.........Gas is about 250 billions. You are talking about flooding ~ 500 billions (let's say with wheat and precious metal and so on as well) in currency market.....
You do know even USD have only 2 trillions dollar + change in circulation, you are talking about flooding 1/4 of the entire US currency value in China......
True. I don't work in a bank. It doesn't mean what I said isn't right. Besides, many people working in banks are clueless about money, too. My investment banks always want to assign some wealth manager to help with my investment. Many discussions with them have convinced me that they are really clueless. Maybe my nest egg isn't big enough to attract the top-notch manager. I don't know.Well, that's why I said you should not have ever work in a bank.......
Silver is also real money. So are platinum and palladium.Gold is real money. The rest are all garbage.
Russian oil and gas exports are 150 billion per year USD. They can pay in different currencies, but I suspect it will be a RUB:RMB trade of some sort. We will find out soon.
What is right? What is wrong?True. I don't work in a bank. It doesn't mean what I said isn't right. Besides, many people working in banks are clueless about money, too. My investment banks always want to assign some wealth manager to help with my investment. Many discussions with them have convinced me that they are really clueless. Maybe my nest egg isn't big enough to attract the top-notch manager. I don't know.
Silver is also real money. So are platinum and palladium.
I don't think that Russia recognized ICJ