MikeCristo8
@MikeCristo8
My guess is China provides 40% gold.
The remainder of the basket is likely to consist of currencies from OPEC including Russian ruble.
Remember when I said China would control the oil price by managing the gold price via interest rates?
Now everyone will want a piece of the unit.
The Western G7 are in huge debt traps by inflating their Ponzi assets.
They either deflate their Ponzi or their currencies implode.
Same for USD.
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Deflate or implode.
If you all want to know why China doesn’t bail out their markets.
You can’t be competitive (in exports, industry) and still get cheap energy.
China has mastered what the G7 fails.
The G7 is focused on bailing out their Ponzi.
While China is focused on cheap oil.
Mario Draghi’s critique is accurate.
— Elon Musk (@elonmusk) September 9, 2024
A thorough review of EU regulations to eliminate unnecessary rules and streamline activity in Europe would revitalize growth and strengthen competitiveness.
Things should be default legal, rather than default i-----l. https://t.co/NQQom5OYIS
The launch of the unit will immediately destroy the dollar.
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By China managing interest rates on their gold reserves to control the price of oil.
The new monetary system.
All the countries desperate to join BRICS now realize the dollar is toast.
Big moves being made against the dollar.
Saudi Arabia's shift to settling oil transactions in yuan instead of the US dollar is a game-changer.
— Gold Telegraph ⚡ (@GoldTelegraph_) September 9, 2024
We are talking about the world’s largest oil exporter and importer.
Reminder,
Saudi Arabia joined a China-led central bank digital currency project in June.
Big moves…
Saudi Arabia is settling oil in BRICS gold payments via the unit.
Saudi Arabia's shift to settling oil transactions in yuan instead of the US dollar is a game-changer.
— Gold Telegraph ⚡ (@GoldTelegraph_) September 9, 2024
We are talking about the world’s largest oil exporter and importer.
Reminder,
Saudi Arabia joined a China-led central bank digital currency project in June.
Big moves…
America is ONLY great because of the money printers.
Once the money printers stop.
America will not be great.
Oil is crashing.
Stocks will follow.
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Saudi Arabia’s minister of industry says country willing to ‘try new things’ in relationship with China, Chinese companies ‘welcome’. pic.twitter.com/uk9VP2AEse
— Eric Yeung 👍🚀🌕 (@KingKong9888) September 10, 2024
If oil crashes (which I think it will).
The Fed will not cut rates.
Basically China has figured it out.
In order for BRICS countries to industrialize.
They need cheap oil (not priced in dollars).
China will finance the oil trade using gold and Chinese bonds.
And OPEC currencies.
This completely cuts off the dollar.
OPEC will sell more oil to the BRICS then they ever could to the U.S.
It’s happening folks!
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Oil and stocks are crashing.
Oil down $3.40.
Gold is breaking out.
Basel III is the end-game for oil being priced in dollars.
The crash will simply tell you the U.S. doesn’t have the gold it says it does.
The Fed isn’t going to cut rates with yields now at 3.65%.
A Basel III reset (to gold).
Global oil now being sold in yuan.
The Fed lowering rates is never going to happen.
The dollar is already being sold off.
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When the banks become illiquid on October 1st.
The Fed is not going to save the banks.
The Fed will let the banks collapse before it lets the dollar hyper-inflate.
If the U.S. banks aren’t Basel III compliant by October 1st.
The rest of the world will not recognize the dollar as a medium of exchange (trade).
Either way, it’s going down.
Source(s):
https://x.com/MikeCristo8/status/1832967199096750262
https://x.com/MikeCristo8/status/1832979744528519230
https://x.com/MikeCristo8/status/1833173850374455735
https://x.com/MikeCristo8/status/1833178833119478063
https://x.com/MikeCristo8/status/1833182612556493119
https://x.com/MikeCristo8/status/1833195038479892981
https://x.com/MikeCristo8/status/1833278661950329053
https://x.com/MikeCristo8/status/1833322876516335643
https://x.com/MikeCristo8/status/1833513456919843080
https://x.com/MikeCristo8/status/1833516201764606087
https://x.com/MikeCristo8/status/1833530216280690910
https://x.com/MikeCristo8/status/1833535548356760072
https://x.com/MikeCristo8/status/1833563614181265513
https://x.com/MikeCristo8/status/1833585805887258692
https://x.com/MikeCristo8/status/1833617244150239728
https://x.com/MikeCristo8/status/1833622358013448581
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