BACKDOC: SINCE CHINA WENT TO PARITY THIS WEEK WITH SAUDI ARABIA IN REGARDS TO BLACK GOLD OIL SALES, A DE-PEG IS NOT EVEN NEEDED. (See article Below)
IT LOOKS LIKE THAT MAY HAPPEN ANYWAY! THIS GIVES A REASON FOR THEM TO DO IT NOW!
DUMPING THE BONDS GIVES THEM CASH BEFORE SOMETHING IS ABOUT TO HAPPEN. RIGHT? HEE HEE
THEN LIKE I PREDICTED THE YUAN'S CURRENCY WILL BE STABILIZED IN THE SDR BASKET BY BLACK GOLD SALES IN YUAN AND BRITISH POUND!
THE DRAMA FOR THE POUND IS STILL UNFOLDING AS YOU ARE SEEING!
LIKE I PREDICTED THE BREXIT AND THE POUND HEADING TO PARITY, THIS ALSO SEEMS TO BE PLAYING OUT NICELY!
MY BOND SHORT IS WORKING OUT NICELY! HEE HEE DOC IMO
Walkingstick: OFFICIALLY .. SAUDI ARABIA IS NEGOTIATING WITH OTHER COUNTRIES TO SELL THEIR BONDS TO THE UNITED STATES IN RESPONSE TO "THE "JUSTA
BAGHDAD / revealed the agency "economic Bloomberg," the US, for the start of the Saudi series of negotiations with international financial institutions for the purpose of selling their bonds in a number of countries in the world, after less than a week after the issuance of the law "Justa" which aims to enable the victims of the events of .September 2001 11 sue Riyadh
According to the agency, that "officials at the bank (JPMorgan Chase), the largest bank in the US banking and financial services, entered in the meetings of the twoday, with a number of senior financial officials in Saudi Arabia, to discuss their desire to attract more foreign markets investments and discussions also include the consequences of the release of Justa law on financial markets in Saudi Arabia, and its impact " .
on investors' intentions toward Riyadh The Agency pointed out that " a number of senior officials at the Ministry of the Saudi economy and the central bank are involved in these meetings, as well as some officials in a number of Saudi companies such as" Saudi Telecom Company STC "and" SABIC "and" Samba "financial", as quoted by "Bloomberg"
sources have recently reported that Riyadh is considering selling bonds by about $ 10 billion .at least for maturities of 5, 10 and 30 years It is noteworthy that Saudi Arabia warned earlier, the consequences of which will cause the law "Justa", after a vote of the Senate and House of Representatives to drop the veto of President Barack Obama on the law known as justice law against sponsors of terrorism, known for short as "Justa", which allows for the families of victims of attacks September .11, 2001,
terrorist sue the Saudi government Abandon the dollar Observers Saudi economists said that the establishment of a system of direct exchange rates between the currencies of the Chinese yuan and the Saudi riyal Index for China's purchase of Saudi oil in its own currency in the future, while the US dollar will be affected by this .
foundation Analyses observers, came after the signing of the Kingdom of Saudi Arabia an agreement with China, entered into force on 26 September, which are business dealings between the two countries to "Yuan" .Chinese and "Real" Saudi He said observers and economists Saudis that the agreement brought "serious blow" to the dollar, because the establishment of a system of direct exchange rates between the currencies of the
Chinese yuan and the Saudi riyal would allow Beijing to buy Saudi oil in the future as its .currency would hurt the dollar
There may come a Saudi abandon the dollar in the context of a violent version of American law, "Justa" passed by the US House of Representatives responses,
and the failure of a veto by US President Barack Obama to reverse the law was passed, under which the right to the families of the victims of the events of September 11 to sue the Government of the Kingdom and incur sums of money and .compensation money
China is the largest importer of Saudi oil in the world, including more than 1.1 million barrels a day, by nearly 15% of Saudi Arabia's oil exports to the world total, and is linked to the Saudi riyal in US dollars for more than 30 years, with an exchange rate of 3.75 riyals to the dollar, according to the Monetary Authority Saudi Arabia "Saudi Arabia's ".central
He said the Chinese International Monetary Fund and the yuan to the approved basket of currencies of the Fund as well as the dollar, euro, yen, pound sterling, and before the days of the International Monetary Fund's decision to the Chinese yuan,
China announced the launch of two new direct exchange rate between the yuan and the Saudi riyal, said currency trading system Chinese foreign that China also will establish a system of direct exchange rate between the yuan and the .UAE dirham