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Irish_Dem

(81,185 posts)

62. China importing massive amounts of gold. Also launched gold backed yuan oil futures contracts.

Sat Nov 13, 2021, 11:30 PM

Nov 2021

These contracts were priced in yuan, but convertible to gold.
The rise of the petroyuan could be the death blow for the dollar.

Anyone who has seen first hand the astounding progress it has made in the past two decades, should not be surprised at what it does in the next 20 years.

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In the coming second American Civil War, [View all] samplegirl Nov 2021 OP

The Balkanisation of America bluecollar2 Nov 2021 #1

Much closer to the truth than a classical civil war. former9thward Nov 2021 #30

According to one respondent bluecollar2 Nov 2021 #65

Of course not. former9thward Nov 2021 #83

Thank you bluecollar2 Nov 2021 #85

"Balkanisation" is a political slur. milestogo Nov 2021 #44

A political slur? bluecollar2 Nov 2021 #64

It's history. Not anti-immigrant, not a slur. History. Explain your thesis Bernardo de La Paz Nov 2021 #69

Thank you bluecollar2 Nov 2021 #86

Balkanization can be pejorative in some cases, but not in this case. marie999 Nov 2021 #92

Who benefits from internal war, chaos and division and how do they benefit? Irish_Dem Nov 2021 #2

Putin Deep State Witch Nov 2021 #54

Exactly. I don't know why more cannot see this fact. Irish_Dem Nov 2021 #55

Yup. Putin's facilitating what's been developing here. Hortensis Nov 2021 #73

Divide and Conquer: Make a group of people fight one another so they can be taken over. Irish_Dem Nov 2021 #77

Yes. Divided we fall. Seemingly the Russians were shocked at Hortensis Nov 2021 #80

Yes of course, it has been a collaboration between Putin and the GOP. Irish_Dem Nov 2021 #81

:) Has so much time passed since 43/Repubs lied to invade Iraq Hortensis Nov 2021 #82

Ruthless sociopaths rise to leadership positions in many societies. Irish_Dem Nov 2021 #88

Oh, so you've noticed the crowds of RW sociopaths Hortensis Nov 2021 #89

The most clever sociopaths don't break the law, they make it. Irish_Dem Nov 2021 #90

No one benefits from the collapse of the major reserve currency. roamer65 Nov 2021 #59

China is planning on the yuan becoming the global reserve currency. Irish_Dem Nov 2021 #60

The only way they would save the RMB is to back it with gold. roamer65 Nov 2021 #61

China importing massive amounts of gold. Also launched gold backed yuan oil futures contracts. Irish_Dem Nov 2021 #62

They also will have to float the RMB. roamer65 Nov 2021 #63

They have a lot of prep work to do before a free float. Irish_Dem Nov 2021 #68

I'm perfectly happy to have New York and New England have their own little country. dem4decades Nov 2021 #3

me too. I hope the hell it happens in my life time. Cobalt Violet Nov 2021 #5

I think you will be sadly disappointed Blues Heron Nov 2021 #7

You're actually hoping for a civil war? BlackSkimmer Nov 2021 #23

if we go full authoritarian I am. Cobalt Violet Nov 2021 #27

This! Blaukraut Nov 2021 #52

Okay, states to the south decline severely due to climate change, Hortensis Nov 2021 #74

It could be a peaceful breakup Polybius Nov 2021 #38

Civil war? Just offer them a chance to be rid of Liberals and some Mt Dew and we'd be good. dem4decades Nov 2021 #48

my guess is that New York City might join New England but RicROC Nov 2021 #17

New England isn't as liberal as one might think, either. intheflow Nov 2021 #21

Those folks are greatly outnumbered by the rest of us Blaukraut Nov 2021 #51

I'm sure you'll have a rude awakening from folks upstate. Tommy Carcetti Nov 2021 #34

Exactly. Straw Man Nov 2021 #66

Feel same way about West Coast Tree Lady Nov 2021 #43

Magats are all bluster and weakened by covid Blues Heron Nov 2021 #4

Not in the sense of the first one, no. Jedi Guy Nov 2021 #6

Thats hardly a civil war though - especially when they get caught as they will Blues Heron Nov 2021 #8

Well maybe they won't get caught. former9thward Nov 2021 #31

It's not the 70s anymore though -harder to just disappear Blues Heron Nov 2021 #33

Very true. former9thward Nov 2021 #46

No real penalties ... Straw Man Nov 2021 #67

Boudin, Clark and Gilbert went into another group after the Weathermen disbanded. former9thward Nov 2021 #84

OK. Straw Man Nov 2021 #95

Think of al lthe 1/6 rioters who got turned in by family, friends, co-workers and acquaintances. Kaleva Nov 2021 #32

Let's surely hope not. samplegirl Nov 2021 #14

+1 treestar Nov 2021 #78

The civil war Chille Nov 2021 #9

That's my guess samplegirl Nov 2021 #15

agree as scary Chille Nov 2021 #16

A decision has been made to keep American citizens divided. The Jungle 1 Nov 2021 #10

This Second Civil War I would argue is misnamed Sherman A1 Nov 2021 #11

While it's possible to interpret the ARW as *a* civil war Bucky Nov 2021 #39

I will refer to them as I choose Sherman A1 Nov 2021 #45

There are no real defined John Ludi Nov 2021 #12

Good post Dave says Nov 2021 #49

Thank you! John Ludi Nov 2021 #70

Agree. Except question how dysfunctional we might become overall. Hortensis Nov 2021 #53

I suppose John Ludi Nov 2021 #71

Again, all things I've thought. Chaos and civil disorder facilitate Hortensis Nov 2021 #72

Just beware of anyone with a name sounding like Bilke Wooth.... OnDoutside Nov 2021 #13

I would be one of the first casualties I am doc03 Nov 2021 #18

Me, too Ishoutandscream2 Nov 2021 #41

Red regions of red states likely would see relatively little disorder. Hortensis Nov 2021 #75

If it does happen it won't be state v state. GemDigger Nov 2021 #19

Exactly Ishoutandscream2 Nov 2021 #42

honestly imavoter Nov 2021 #57

Nah, it'll just be a mopping up after the original U.S. Civil War. hunter Nov 2021 #20

It's not going to be south vs north. BlackSkimmer Nov 2021 #24

Divisive stories like this are part of the problem FakeNoose Nov 2021 #22

+1000. Hortensis Nov 2021 #76

I don't consider it unlikely at all American Interregnum Nov 2021 #25

Here's the problem for the right wing jmowreader Nov 2021 #26

In MI, the vast majority of Magahats live in the more urban counties. Kaleva Nov 2021 #29

But not necessarily from the Cities themselves. maxsolomon Nov 2021 #35

I believe and hope you're right, but don't underestimate Republican conformity Bucky Nov 2021 #40

I certainly wouldn't be here at DU if I thought there was a chance of a CWII Kaleva Nov 2021 #28

In time Governments will probably be secondary to a Global Corporatocracy. Tommymac Nov 2021 #36

NO..not when Biden is President. (or Democrats are in power)..NO, NOT A CHANCE Stuart G Nov 2021 #37

Better to drive every Confederate out of the country. LiberalFighter Nov 2021 #47

First, lol XRubicon Nov 2021 #50

I guess a few of those proud boys might know that a Baptist minister wrote the pledge. discntnt_irny_srcsm Nov 2021 #56

or that Amazing Grace imavoter Nov 2021 #58

There will be no national civil war in the streets as some imagine. Hortensis Nov 2021 #79

I think that we are destined for an American version bluecollar2 Nov 2021 #87

I wouldn't make it misanthrope Nov 2021 #91

It's an overused phrase... Civil War WarGamer Nov 2021 #93

Well it had been at least 20 minutes since we had a civil war thread. BannonsLiver Nov 2021 #94