China yun to be used instead of dollar for oil transactions.

Taylor

Senior Villager
#7
At the moment usa is struggling to increase the growth,create jobs for its ppl bring back jobs to america immigrate illigals so that americans can get their jobs back minimum wage increase has really been an issue as the cost of living is going up(cost of things are bacoming expensive just like kenya) a 15$ minimum wage wont work when even other states like Wyoming have a minjmum of 5$/hr and crumbling infrastructure increase trend in real estate,health insurance expensive no universal health, low millennial owning homes since they are stack paying student loans, country has a loan of 18trillion ,trump withrdrawing from unions results to lack of faith of america, its education was ranked as poor among developed countries and even to an extend some developing countries hav a good education. Our kenyans in america no longer enjoy the american dream they work to pay bills.Doing double shift 16hrs a day ...while regular americans have two or three jobs just to survive the comfortable life....china is out doing america in all sorts of ways fastest computers in china fastest train china biggest industries china foreign investment china leads comanies in USA are regreting the big opportunity chinas are doing in africa and foreign countries they now have decided to finance some african projects against their policies but the truth is america need china that much both countries import n export the same in terms of value frm each other but the leading industry is china. But Hollywood will always brainwash us .....The land of milk and butter...
 

Taylor

Senior Villager
#12
Oh they can. The renimimbi is not a free floating currency. Its outlook is affected by the currency it is pegged to. Guess which? USD man.
Post of correction Mr. countries peg their currencies to stabalize their economy arabian countries (for oil)use dollar cz they hav confidence it doesn't loose value while chinese currency is nt officially pegged to any n its manupulate its currency to favor itself no other country does tht ....read more
Countries have different reasons for pegging to the dollar. Most of the Caribbean islands (Aruba, Bahamas, Barbados, and Bermuda, to name a few), peg to the U.S. dollar because their main source of income is derived from tourism paid in dollars. Fixing to the U.S. dollar stabilizes the economies and makes them less volatile. In Africa, many countries peg to the euro. Dijibouti and Eritrea, pegged to the U.S. dollar, are the exceptions. In the Middle East, may countries (including Jordan, Oman, Qatar, Saudi Arabia, and United Arab Emirates) peg to the U.S. dollar for the stability—the oil-rich nations need the United States as a major trading partner for oil. In Asia, Macau and Hong Kong fix to the U.S. dollar. China, on the other hand, has been embroiled in controversy about its currency policy. While it does not officially peg its currency, the Chinese yuan, to the U.S. dollar, it does manage it (some say manipulate it) to benefit its manufacturing and export-driven economy.

Read more: Top Exchange Rates Pegged To The U.S. Dollar | Investopedia http://www.investopedia.com/article...ange-rates-pegged-us-dollar.asp#ixzz4wk0JRPk4
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Taylor

Senior Villager
#13
this not good for USA, and they can do no shit about it.
Apparently they already did somethng elected Trump to change everythn what trump is really doing is cut expense ka kenya venye inafanya inakanyagililia pesa like spending little in paying doctors n teachers in oreder to hav enough for project for kenya thts good bt for USA its bad many organizations that depend on this money will go dry business will shut dwn n cutting taxes for the rich all this will result to a hardship in economy.
 

Alchemist

Village Sponsor
#15
Plus your friends have a lot of USD reserves as of my writing. Why do you think they are lending to projects in Africa? To create IOUs and avoid any shocks associated with their situation. It is not out of good heart, just economical dexterity.
 

Taylor

Senior Villager
#16
Read on balance of payments crisis @Taylor
I may not getting the exact point u want to put across please explain to me what balance of payment crises has to do with china currency used to transact petrol....yeah there might lead to a balance of payments crises on the dollar and devalue its currency. Let me know.
 

Alchemist

Village Sponsor
#17
I may not getting the exact point u want to put across please explain to me what balance of payment crises has to do with china currency used to transact petrol....yeah there might lead to a balance of payments crises on the dollar and devalue its currency. Let me know.
I hate it when someone expects me to hand them the torch and switch it on.

If crude oil trade settlement are to be done in yuan, while yuan is pegged how will the balance of payments crisis be resolved? Again read on it...
 

Taylor

Senior Villager
#18
Plus your friends have a lot of USD reserves as of my writing. Why do you think they are lending to projects in Africa? To create IOUs and avoid any shocks associated with their situation. It is not out of good heart, just economical dexterity.
I agree with you its not out of good heart .they are leanding to africa to ensure incase there will be any shock in usa economy they will nt be affected again like how the 2007-8 recession in america countries that had no tight association with american didnt get affected tht much compared to western,european n asian countries. China is trying to creat business atmostphere globally which the USA never wanted and only concentrated on it being superior ...after world war ii America help rebuild Europe with infrastructure bridges and industries china is doing the same creating this field wher to ensure it will nt fall down made a railway across asia to Europe..Those great reserves are what ensures even as much as its currency is on demand it will not go high to disrupt its industries and ensure it is afforbable to do business with them.waiting to here more from you @Alchemist
 

Taylor

Senior Villager
#19
I hate it when someone expects me to hand them the torch and switch it on.

If crude oil trade settlement are to be done in yuan, while yuan is pegged how will the balance of payments crisis be resolved? Again read on it...
Smart ass...no disrespect ...lemmei lighten walee watu wako apa n wanasoma ww mchoyo wa knowledge jst cz inakuuma to explain for others.
 

Alchemist

Village Sponsor
#20
I agree with you its not out of good heart .they are leanding to africa to ensure incase there will be any shock in usa economy they will nt be affected again like how the 2007-8 recession in america countries that had no tight association with american didnt get affected tht much compared to western,european n asian countries. China is trying to creat business atmostphere globally which the USA never wanted and only concentrated on it being superior ...after world war ii America help rebuild Europe with infrastructure bridges and industries china is doing the same creating this field wher to ensure it will nt fall down made a railway across asia to Europe..Those great reserves are what ensures even as much as its currency is on demand it will not go high to disrupt its industries and ensure it is afforbable to do business with them.waiting to here more from you @Alchemist
Now we are talking.
They are also alluding to floating their currency. But that will leave their economy at the mercy of the markets.
 

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