Discussing the CNY-Crude with Alasdair Macleod

74

With the yuan-denominated crude oil contract ready to begin trading on March 26, we thought we'd check in today with an expert on the significance of this, our pal Alasdair Macleod of GoldMoney.

For this call, I simply asked Alasdair to lay out the short-term and long-term significance of pricing crude oil in something other than U.S. dollars. This new contract not only disrupts the crude oil market, it also impacts gold, forex and geo-politics. So please be sure to listen to this entire podcast and then consider the future implications of this new CNY-Crude contract.

TF

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Thomas More
Mar 16, 2018 - 6:28am

along the same lines

before the US involvement in the first Iraq war:

The Kuwaiti Incubator Babies LIE
Nayirah False Flag Testimony
Thomas More
Mar 16, 2018 - 6:10am

other news

"Deutsche Bank AG (DBK.XE) restated its net loss for 2017 and proposed a dividend of 11 European cents ($0.14) a share, it said on Friday.

In its audited results, the German bank restated its net loss for 2017 at EUR751 million ($927 million). In its preliminary results in February the bank said its 2017 net loss was EUR512 million."

from Warketwatch

phoenixphoenixjaba
Mar 16, 2018 - 6:08am

jaba

Yes I think the whole thing stinks , what the absolute truth is I don't know and probably never will, but I do know the UK politicians and controlled presstitutes(the ones that presented to the World the WMD story, how many died as a consequence of that) are gunning for Russia at every opportunity.The UK with its 200 tanks versus Russia's 20000 tanks, UK has more Admirals than ships and Generals than tanks.

Thomas More
Mar 16, 2018 - 5:46am

Option expiry Friday

I don't trade options any more, but some memories pass through my head this morning of two previous option expiry Fridays.

October 1987 The crash of 87 was very similar to what we are living right now. The King Dollar had been very weak, interest rates had been creeping higher, computer trading was all the rage using Conversion and Reconversion formulas - very good for market liquidity we were told. In the last hour of trading the stock market fell off the table - leaving people to think about and deal with margin calls on the following Monday - oh yes, margin debt another similarity.

August 1991 The Gorbatchev putsch also happened over the weekend of Friday August 16th 1991. I found it odd that the Deutsche Mark was trading down at the same time that the US stock market was also weak - this was contrary to what had been happening up to present. I will not go into the details - but the Deutsche Mark got absolutely slaughtered on the Friday and made an equally miraculous recovery when stability seemed to return on the Monday. IMHO this was one of the biggest stings of all history, and gave Deep State plenty of money to push stocks up until the Dot Com bubble burst. The French TV did a remarkable interview by Christine Ockrent where she interviewed Gorbatchev and Mitterand together - they looked so bad trying to pretend things went as they said. The date and the timing of this sting may not mean much to you, but August 15th is a major religious holiday in Europe - many people would be either on summer holidays or if they weren't they would have taken Friday off to join their families. On TV in Canada I watched Bush senior parade out of his cottage at Kennebunkport, Brian Mulroney the Canadian Prime Minister in office. More than just a little suspicious that they would be holiday making together.

I don't know what today or Monday will bring, but it sure feels to me that Gold has been used to keep Stocks in suspended animation. Pass Friday - all bets are off. Monday is not a holiday, but it is a saint's day that I wish to remember, St Joseph.

jaba
Mar 16, 2018 - 3:51am

@ phoenixphoenix - I concur

with your sentiments.

An article recently posted on Silver Doctors titled British Imperial Geo-Politics is Collapsing written by Harry Schlanger included the following statement - true or false - I do not know, but it would not surprise me if proves to be true:-

"And the U.K. itself possesses the rare chemical nerve agent May claims was used by Russians in London."

I cannot help but feel that this whole event has all the hallmarks of another 'Russiagate,' as it seems that Christopher Steele's name (he who compiled the so called dossier for the DNC) keeps cropping up in connection with Skripal.

phoenixphoenix
Mar 16, 2018 - 2:34am

A question for Alasdair.

If the Russians are responsible for the Skripal deaths, why would they use a Chemical Agent that would point a finger at themselves. Why not a Drug Overdose, a suicide or a Myriad other ways than this obvious headline grabbing method.Unless someone wanted to grab the headlines and sway public opinion to think of Putin as Evil... preparing the ground as it were.

Finally, a New Cold War has begun. 25 out of 28 EU member states have recently signed an enhanced security cooperation agreement known as the Permanent Structured Cooperation (PESCO) whose aim is to structurally integrate the armed forces of EU members. Britain along with Denmark and Malta are being left out. The main objective of the recent assassination attempts on the Russian exiles is to intimidate the Conservatives-led government that Britain will be left to fend for itself post-Brexit.

https://www.zerohedge.com/news/2018-03-15/was-russian-spy-poisoned-avert...

Note. I am British as is Alasdair and I don't trust the British leadership one Iota.I also enjoy Alasdair' work but cannot agree on this Spy business, I am less Sanguine of Britain than he is. I feel the Britain that was right and good is gone for ever, dismantled by all Prime Ministers since and including John Major.

jaba
Mar 16, 2018 - 1:32am

China's Oil Futures market and Aramaco Equity Sale to China

I quote below a relevant extract from my book FROM WEST TO EAST The Greatest Transfer of Power and Wealth in the History of Mankind, which may be of interest, as many predictions made in the book are unfolding along the lines envisaged:-

Although Saudi Arabia is a long-standing ally of the United States of America, that close relationship has been eroded over the last several years. Former US Ambassador to Saudi Arabia Charles W. Freeman Jr. noted that “We’ve seen a long deterioration in the USA-Saudi relationship, and it started well before the Obama Administration.”

US-Saudi relations have been placed under additional strain as a result of the recent Iran nuclear deal, which saw the US-led sanctions against Iran lifted in January 2016 despite very strong objections from both Saudi Arabia and Israel.

The deteriorating Saudi relationship with the United States has also been exacerbated by the recent US bill passed into law allowing US citizens to seek legal redress against Saudi Arabia regarding the 9/11 terrorist action.

Under the circumstances it would not be surprising if Saudi Arabia were actively seeking a new ally (protector, to replace the United States) to safeguard Saudi interests in the Gulf. Perhaps Saudi Arabia might approach China about the possibility of becoming its replacement ally and protector, particularly as China buys a great deal of Saudi oil.

It is conceivable that China might invite Saudi Arabia to become a member of the SCO, hypothetically conditional upon Saudi Arabia (a) settling its differences with Russia and (b) making a commitment to entering into, say, a nonaggression pact with Iran and Syria.

Such an accord, if possible, would provide Saudi Arabia with a new protector, the SCO. It would also enable Saudi Arabia, like Iran, to sell its non-US oil exports in currencies other than the US dollar, namely, the yuan, euro, and yen, safe in the knowledge that it has the support of both China and Russia through the SCO.

Such a development would be a truly devastating blow to the status and strength of the petrodollar, and a real boost to the emerging, fledgling petroyuan and petroruble.

If as outlined above, Saudi Arabia did become a member of the SCO, any improvement in Saudi-Iranian relations would have the significant added benefit of perhaps, just perhaps, providing a possible basis for a gradual rapprochement between Sunni and Shiite Muslims. That, in turn, could provide the Middle Eastern nations with an opportunity to create some very long overdue peace and stability in the region.

That would be a historic development and an extremely welcome, refreshing change from the United States of America’s deliberate policy of creating social unrest, distrust, economic instability, regime change, and proxy wars in the region.

But perhaps the writer is indulging in too much wishful thinking, however, where there is a will, there is a way forward.

It’s worth noting that the Saudi Arabian government may sell a 5 percent stake in ARAMCO (Arab American Oil Company), the state oil company, which could raise USD$100 to 150 billion. If Saudi Arabia does decide to sell a 5 percent stake, do not be surprised if China buys the whole stake.

The sales proceeds would bolster Saudi Arabia’s cash reserves, which have taken a beating due to substantial budget deficits as a result of low oil prices and its costly war with Yemen.

The strength and dominance of the petrodollar is under continuous and growing pressure from the de-dollarisation policies of China, Russia, and Iran.

Russia is currently the largest producer and exporter of oil, whilst China is the largest oil refiner in the world. When China and Russia open their respective oil and gas futures exchanges, which is expected in the first half 2017, the pressure on the petrodollar will ratchet up another several notches, because it will significantly increase the Chinese and Russian influence on the global energy markets.

canary
Mar 16, 2018 - 1:00am

That number 43 intrigued me...Now I know

The Code 43 is one of several Device Manager error codes...and I should not troubleshoot it.

https://www.lifewire.com/43-errors-explained-2619238

Ben Stackin
Mar 16, 2018 - 12:11am

HRC taking up new hobbies (could use a change of clothes tho)

Crooked Hillary is so entertaining these days. I really do hope she is the DNC nominee in 2020.

billhilly
Mar 15, 2018 - 11:36pm

I know, I know...

...it's tough to make out what is really real/not with this Q thing but here is his latest post. Does it make sense ??? One can hope !

Mar 15 2018 19:43:08 Anonymous 678226

Screen Shot 2018-03-15 at ….png Screen Shot 2018-03-15 at ….png

>>678189
pompeo is trumps guy
as head of CIA gather intel on all the shady cia shit we've done both here and overseas
moves to state dept to use that intel to help free the world from the cia bullshitt

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