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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happycamper515
Mar 15, 2018 - 9:38pm

Gold reset

Wish we could have polls here. Today there are two articles out calling for a gold reset, one by Bill Holter, and the other by Jim Willie. JW's one says it's coming "within months". Just wondering how many subs here actually believe a gold reset is going happen in our life times let alone "within months" ?

Bohemian
Mar 15, 2018 - 9:23pm

Just before the sunset --

"Queen Elizabeth II Has A WW3 Speech Written And It's Ready To Deliver" (Zerohedge)

---

“Sometimes I notice I'm demented, especially at sunset.”
Jaroslav Hašek, The Good Soldier Švejk

“And somewhere from the dim ages of history the truth dawned upon Europe that the morrow would obliterate the plans of today.”
Jaroslav Hašek, The Good Soldier Švejk

“Austria's victory crawled out of her latrines.”
Jaroslav Hašek, The Good Soldier Švejk

CC Horses
Mar 15, 2018 - 9:01pm

Russian Plane Loses 3 Tons Of Gold On Takeoff

I know this was posted earlier but without the picture.

Winder
Mar 15, 2018 - 8:36pm

Webinar

With Martenson, Rubino. Nothing earth shattering but a good listen.

https://offer.learcapital.com/a/jgroup/bg_wwwlearcapitalcom_LearCap-PEAK...

AGXIIK
Mar 15, 2018 - 8:06pm

Once Bain Capital et al had drained Toys R Us

of anything valuable, the toy store will close every US retail outlet Toy R US was a big deal, pioneering the toy biz. Bain Capital is Mitt Romney's little fund that likes to buy businesses, drain them of life force and capital, load them up with debt used to pay billion dollar bonuses to the owners and then bankrupt the company that collapses under debt. Employees get screwed. Creditors get screwed. Shareholders get screwed. Bain gets rich

Eddie Lamprey Lampert is not done sucking the last drop of life force from Sears. You'll know he's finished his last blood meal when Sears says "No Mas", dies an ugly death and closes every retail outlet.
It's interesting to note that Sears started way over `100 years ago and has survived every economic downturn since the crash of 1887. It took a special type of evil blood thirsty hedge fund to destroy a century old company.

sryutaro
Mar 15, 2018 - 8:05pm

WATCH LBMA

I remember when I visited LBMA in London in 2012. The air of the office was so odd that I could not feel anyone was working there seriously. I instantaneously knew that LBMA was just a facade which concealed the secret of the price manipulation. The information LBMA is to delay the timing of it's announcement of the precious metal price is much more important than the daily analysis of the price charts. Watch closely and describe their moves to details.

Welder99
Mar 15, 2018 - 7:44pm

Great Thoughts from Alisdair Macleod

Craig, awesome questions from TMFR, led to deep incites from my favorite British economic guru. Watching the yuan-crude contract settle will be unlike watching Janet’s paint dry.

Mar 15, 2018 - 7:22pm

Hahaha.... very funny Ferg.

Hahaha.... very funny Ferg. :)

@canary, yes that's not a surprise. I've seen some weird interactions between a browser and mouse -- not just Firefox, but also Chrome and Microsoft Edge, and on lots of sites.

Have had some browser pages get stuck in a scroll-down, and it's impossible to scroll the page back up without closing the tab. Other times a single button click gets in a loop where it performs multiple clicks.

Keeping the browser up-to-date is a good idea, plus also worthwhile to check if there are mouse driver updates.

indiana rod
Mar 15, 2018 - 7:13pm

Canary

Your problem was another reason Hillary lost.

That's number 43.

Marcus
Mar 15, 2018 - 7:07pm

hmmm...

Not much new in this video for most of us, but still a good listen nonetheless:

Why The U.S. Dollar Will Collapse | Mike Maloney and Stefan Molyneux

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