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Started By
Message
Well guys, Saudi Arabia just abandoned the petrodollar
Posted on 6/14/24 at 3:14 pm
Posted on 6/14/24 at 3:14 pm
We are effed. Although it could force us to manufacture again.
10
Posted on 6/14/24 at 3:15 pm to sooner4life130
So did Germany
Posted on 6/14/24 at 3:15 pm to sooner4life130
quote:No, they didn't. They did it almost two weeks ago. Try to keep up...
Saudi Arabia just abandoned the petrodollar
Posted on 6/14/24 at 3:15 pm to sooner4life130
quote:
Although it could force us to manufacture again.
We're the 2nd largest manufacturing nation in the world
Posted on 6/14/24 at 3:16 pm to BigApple
What’s scary is they’re going to sell in Chinese currency which will make them the sole superpower
Posted on 6/14/24 at 3:17 pm to sooner4life130
quote:
What’s scary is they’re going to sell in Chinese currency which will make them the sole superpower
Posted on 6/14/24 at 3:17 pm to sooner4life130
quote:
Saudi Arabia just abandoned the petrodollar
No, they didn't. They did it almost two weeks ago. Try to keep up...
The last time I checked.......The world hasn't ended either.
Posted on 6/14/24 at 3:33 pm to sooner4life130
quote:
What’s scary is they’re going to sell in Chinese currency which will make them the sole superpower
Yeah, cause the Chinese will not manipulate the Yuan. You know what drives the Chinese economy? The US consumption of their goods.
Posted on 6/14/24 at 3:41 pm to SlowFlowPro
quote:
We're the 2nd largest manufacturing nation in the world
Just posting this as a data point:
Posted on 6/14/24 at 3:47 pm to GumboPot
When you add in the per capita output of our manufacturing, we're in the top 10 (IIRC). There is no nation that produces the mix of volume and value that we do.
Posted on 6/14/24 at 3:48 pm to BigPerm30
quote:
Yeah, cause the Chinese will not manipulate the Yuan. You know what drives the Chinese economy? The US consumption of their goods.
Yeah that's the catch 22
Devalue the yuan, and nobody will accept the yuan for goods in time.
Don't devalue the yuan, and China's export economy dissolves.
That's why this is doomed to fail.
Posted on 6/14/24 at 3:49 pm to GumboPot
What do we manufacture? What is a "share of global manufacturing"?
Everything is made overseas - I assume defense spending is categorized as manufacturing, which is here in the US. At $109M per fighter can add up pretty quickly.
Per usual, SFP can only see 1" deep through the water of the pond and decides, its just an 1" deep cause that is what he can see.
Everything is made overseas - I assume defense spending is categorized as manufacturing, which is here in the US. At $109M per fighter can add up pretty quickly.
Per usual, SFP can only see 1" deep through the water of the pond and decides, its just an 1" deep cause that is what he can see.
Posted on 6/14/24 at 3:49 pm to sooner4life130
Who blames anybody for doing this, when the Dems just print and hand out TRILLIONS, many to people that hate the US. And devaluing the dollar by the day. 
Posted on 6/14/24 at 4:21 pm to AnotherRound
quote:
What do we manufacture?
A lot of shite
quote:
What is a "share of global manufacturing"?
A country's manufacturing / total global manufacturing
Posted on 6/14/24 at 4:46 pm to sooner4life130
Buy XRP Ripple XLM etc
Going digital and cross border payments. Can move billions in a few seconds for less than pennies
Going digital and cross border payments. Can move billions in a few seconds for less than pennies
Posted on 6/14/24 at 4:47 pm to sooner4life130
You must be black. The petrodollar been dead two weeks and you are just now burying it
Posted on 6/14/24 at 5:30 pm to sooner4life130
Everywhere and everything is collapsing under this fraud imbecile in the Oval Office. Try as they can to portray this dementia patient in cognitive as fully functional and engaged the reality of his sad condition keeps rising to the surface. The latest embarrassing incident - Potatus wanders off from the group of G-7 dignitaries. The Prime Minister of Italy is seen herding him back to the group. Total disconnect.
Posted on 6/14/24 at 5:44 pm to sooner4life130
They said this a few weeks ago. Pedo Joe has destroyed everything on the world stage that the US used to have a good bit of power in
Posted on 6/14/24 at 5:50 pm to BigPerm30
Re elect Trump
Bring home Manufacturing
Bye Bye GChina
Posted on 6/14/24 at 6:10 pm to AnotherRound
quote:
What do we manufacture? What is a "share of global manufacturing"? Everything is made overseas
We manufacture a lot, but some of which is just final assembly of cheap Chinese and Japanese components.
That is why we were screwed when the epidemic hit and China slowed manufacturing of certain components.
This post was edited on 6/14/24 at 6:12 pm
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