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  • The End of the Petro Dollar

    From Paul Popinjay@21:1/5 to All on Fri Mar 31 00:45:57 2023
    For the first time, China has settled an international LNG deal in the Chinese currency, the Yuan. French TotalEnergies purchased 65,000 tonnes of natural gas from China via the Shanghai Petroleum & National Gas Exchange, in the first, but almost
    certainly not the last, PetroYuan deal.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to Paul Popinjay on Fri Mar 31 05:29:33 2023
    On Friday, March 31, 2023 at 12:46:01 AM UTC-7, Paul Popinjay wrote:
    For the first time, China has settled an international LNG deal in the Chinese currency, the Yuan. French TotalEnergies purchased 65,000 tonnes of natural gas from China via the Shanghai Petroleum & National Gas Exchange, in the first, but almost
    certainly not the last, PetroYuan deal.
    Elton John sat down at the piano long ago and sang it best, ode to empire... "Goodbye dollar hegemony
    Though I never knew you at all
    You had the grace to hold yourself
    While those around you crawled
    They crawled out of the woodwork
    And they whispered into your printing press
    They set you on the treadmill
    And they made you change your name
    And it seems to me you lived your life
    Like a candle in the wind
    Never knowing who to cling to
    When the rain set in
    And I would've liked to know you
    But I was just a Bitcoin kid
    Your candle burned out long before
    Your legend ever did"
    Goodnight and thank you! Joe Biden's America everyone, the death of empire. https://www.youtube.com/watch?v=1o9rLDCfO6o

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)