Sicilianthing wrote:
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Yep I’ll say, there are some serious minds here on OPP, that’s what keeps me here and I keep learning from them too.
Brilliant people.
Yep, I agree, I know you're not supposed to plug up other other podcasts but we're all like Snow White as innocent as the day we were borne and all in the same pod, Snow Peas are Chinese of course but if the abyss happens it's hot water for everyone, David Quintieri (The Money GPS, September 2018 YouTube video) points out that where as the US market is firm and expanding its only because of Fang stocks and the rest of the world is being eaten alive by the Fang Gang, very sad for us all.
Quintieri is claiming victory in this video right at the end.
Earlier he predicted failure for China's initial investment move into the IMF's "Special Drawing Rights" in November 2015 China was accepted as a Basket Currency Nation to define a calibration for a single value of the USD, Euro, Pound, Yen, RMB based on allocation and investment in that allocation by purchasing SDR's from other Basket Nations using hard currencies so the biggest investors are supported by interest payments of the lesser investors creating single value based on commitment from among the top 5 currencies, so far Quintieri is correct, the US hasn't budged from its lowest commitment, Japan is the highest.
Quintiere claims success for the new Shanghai Crude Futures Contract, now he states the Shanghai Crude Futures Contract has 5 Byers signed up for immediate delivery, this I think Trump should take into account, because it's "post trade war" and a new bench mark for price of oil per barrel.
If Trump's not the absolute winner of "his" Trade War, China will push the IMF's concept of SDR's to be the replacement of the USD as the only way to calibrate common value within the World's Terms of Trade , the US would be included but no longer the principal in that consideration, so then the US acting as only a competitor in the fixing of value by the Basket of Currencies would automatically unlock Saudi Arabia from selling oil based only in USD.
And the outcome of that currency competition to create common value as the marker of exchange could spell the collapse of the US economy.
The Democratic Party is factoring this predicament into their strategy, opposing Trump's Trade war agenda. Tell me if I'm wrong !!!! , who went to China jest prior to Nixon in 1972, to organise Globalisation, I'll tell you who, !!!! it was Henry Kissinger.
USC Annenberg, University of Southern California.
Getting to Beijing Henry Kissinger's Secret 1971 Trip.
Reported in Time Magazine.