@imetatronink Several notes: 1. Using gold in IMS (directly) as monetary payment is no go. It is forbiden by IMF rules. Even RF, its CB, is not gonna to walk that path.
@imetatronink 2. The Russia can not "announce" seling oil for gold. Semi independent private companies swll to market, long term contracts,... 3. Oil producers do coordinate their policies. Only KSA has the power to rump up/down the production to move markets.
@imetatronink 4. The IMS is changing (slooowly, hard to notice) from $ based to Multi-polar Multi-reserve Monetary system. There are 3 main assets / Mundel's ccy areas -$, €, ¥. Gold will play wider rule in future as more active nutral rsrv asset.
@imetatronink Notice: The world is changing, all surplus economies - The EU, China, oils (energy producers - sheiks & RF) are located on EuroAsia.
The USA is the only debtor of monetary assets.
In time it is harder to export its inflation.
Realize the comparative inflation rates in EU/USA.
...
@imetatronink -》 Once, Neither Creditor Nor Debtor to be 《-
Imagine how international order changes while these disbalances keep shrinking.
Exporters switching their rsrv portfolios.
Who, which CB will be willing to mop out excess $ they produce?
So far major CB keep the "non-sysem" alive...
@imetatronink The rate at which US prints is "kind of" coordinated, monitored (IMF, FSB,...), fought over behind closed doors. CB-ers are frustrated and hate US living on surpluses of other nation supporting it with their exports for free,...
@imetatronink ...yet the $ sys kind of works so nobody is "touching it" in fear of collapse. Attempts are made, issue is known, developments, scenarios are exercised,... nothing changes -yet the IMS keeps changing - The EuroAsia is rising, more integrated - USA runs a policy of "Roadblocks"...
@imetatronink I call them "MacKinder Roadblocks against EuroAsian integration". Just look at map and see the old silkroards being torn: Afghanistan, Iran, Iraq, Syria, Azeri-Armenia, Ukraine. .... even "-stans". Whole place is on fire yet few connect dots on the map. Many Is Blind.
@imetatronink The biggest fear in W.D.C is not RF, CN, EU but their joint growing trade, -> their SURPLUS outside the $ monetary captivity <- and the possibility of new monetary rule, balancing mechanism, in which their decision power is limited.
@imetatronink The US is more or less enrgy independent, their strength. Since seventies, US armies, US navy are located focused on areas where surplus is made making sure the right amount is going throyght its ctrl, the $-based system allowing export of inflation for domestic policy purposes.
@imetatronink They are there to make sure the energy price does not fall, making their production uncompetitive, their economy loosing its advantage.
RF-UA issue in short: "Keep EU down by keeping energy input high! policy."
Long term deals via #NS2 is inevitable. GER, RF knows #NS2 is future.
@imetatronink So to roll back to the original topic of selling oil for gold...
No need, no rush, trade and live, the market is taking us to MultiPolarMultiReserve IMS regardless.
As for (monetary) gold, its neutrality in MPMRS provides balancing escape valve would one actor try destabilize.
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@OdiousDebt In sixties the USA has realized that it can no more be the surplus economy it used to be after WW2. After Vietnam the amount of $s outside in rsrvs portfolios were too large to honour.
It was decided that instead of aiming to ctrl US to have highest surplus and leadership they..
@OdiousDebt decided that US will ctrl surpluses of other nations. U S went off the gold in 71, to oil backing.
For 50yrs it was possible to have "deficits without tears".
Aka:
“The Dollar is our currency, but it is your problem“ – John Connolly, US Secretary to the Treasury – 1971.
@OdiousDebt As a result the US had a competitive advantage of free energy printing.
The higher the oil was (but not breaking the demand) the better as their position vis-a-vis trade competitors was better, no?
(Reason why US has invested in shales lately - expecting crash of $ as rsrv ...
@freegroucho@VictorCleaner Do you know about this? images.app.goo.gl/P5LA8J8d4rSNbs…
Most (almost all) Antarctica volcanoes are positioned on the West side which loosing ice. The other bigger part is actually gaining ice. We do not know why. So a GW "proof" that CO2 is responsible for this is not a verified theory.
@freegroucho@VictorCleaner Some glaciers are melting, some glaciers are are gaining (like recently in Greenland.
In middle age Viking's Greenland (time of Maunder's minimum) was full of green pastures, hence the name.
Noticed today the news about ocean ship paths changing frequency of storms? Will repost..
@VictorCleaner@PopescuCo@CNBCi OLD QUOTE: ...Mr. Junior, Be very sure to understand this: They can "stand cheap oil prices". But, it is the loss of having the US$ removed as the "world reserve currency" that makes them "fight" a lower oil price, and the new "world oil currency" that it would bring...
@VictorCleaner@PopescuCo@CNBCi ...Bring this thought into focus and you will understand why Iran and Iraq did fight so long. And why Iraq invaded. The warships are an attempt to keep prices from "falling"! You think long and hard on this!"