Clency this is a quick video on the petro yuan.
https://www.youtube.com/watch?v=na1Mg-l7h1QI am sure it spells real trouble for the petro dollar, but I am not so sure it means or bodes well for China, and that is because the petro dollar is worth more than one dollar to most countries. In a strange way to think about it, the US dollar is worth about 1.06 or 1.09 to Saudi Arabia, and that is because they can turn around and buy US weapons for their Gulf War scenario, and that defense is worth more to them than China paying for its oil imports to Beijing.
Furthermore, China exports almost twice what the US does to Saudi Arabia, and SA must turn around and pay China for those imports with its own gold reserves. I fail to see how China gets that much advantage fighting the petro dollar when it uses the petro dollar to pay Saudi Arabia for what it imports from the Prince of Charm, King Faud and his murderous son, the crown prince.
I use the wise words of SERARA here: "The United States world currency is a reserve currency bar none except it keeps the world trade balance understandable because everybody turns around and spends their capital reserves with the dollar. I am sure that Saudi Arabia is delighted with the gold back petro yuan, but it loses too much not to collect the bill owed them only in the currency of the yuan, gold backed or not. I fully expect this to backfire on China, and that is simply because the US petro dollar is far too small of a currency to go to war with China over this matter.
"The biggest matter the US dollar has to face is the idea of a lost continent called Australia. Australia is a huge importer of Chinese goods but receives scant attention form China due to the fact that the Aussie dollar is worth about 65 cents on the US dollar, and China sits on a glut of them while trying to spend them to help Australia overcome US dominance of its iron ore reserves in spite of them being located inside Australia. The entire matter of a gold backed currency is out the door for now too with the Magisterial Mission, and that is because the remove of God the Supreme from the monetary equation has set back the entire Local Universe of Nebadon by forcing Nebadon to trade gold on its own market as a sub part to its real value to Urantia. In other words this:
"The present value of gold is $1536.90 at close of day Friday just past. In Nebadon, gold is worth about half that, and in Saudi Arabia, it is worth twice that for reasons of ARAMCO being valued at seven trillion dollars for its stock capitalization on the US stock market. That makes pricing gold so dicey not that Michael of Nebadon has refused to allow the gold market on Urantia determine the value of God in Nebadon, and has withdrawn all capitalization schemes to Urantia, period.
"That forces the Magisterial Son, into the raw place of never having said they have reserves in gold for the Urantia Magisterial Mission at all, as he has no gold to trade when Michael bans its use on Urantia. However, the bright spot is that the United States may reverse course and back the US dollar with gold if the Chinese steal the march to back the off shore Yuan with gold too, which they seem to want to do. I further let the world know that the gold backed dollar is so powerful it will reset the United States once again into such a powerful position in the financial dealings around the world, it will dry up all liquidity left in the world trad financial systems, and likely cause the collapse of most local currencies as in southeast Asia, the western democracies, and many others. I dare not speculate too much, but the US dollar even now is very powerful due to the fact that China refuses to trade with it anymore, and that is causing the banks in southeaster Asia to fail more quickly than they otherwise would due to sub pricing of the dollar for the gold back petro yuan that is now being spent today.
"I am SERARA, and my work on Urantia is about to conclude without any real backing from Nebadon over how to finance the collapse of the US dollar when world markets start to call in the debt the US has accumulated in the past four years alone. The US eats up most of the liquidity in the financial markets daily, and those wild gyrations on the DOW for example are symptomatic of a looming crisis that will not stop destroying the US Dollar, but it will decimate China for good an the US for years to come if they persist in railing against each other over trade issues so banal it is useless to describe them here and make any sense to them.
":Clency, I am SERARA, and I warn France something it does that will collapse your sovereign right to have your own currency even in the streets of Paris: Macron has declared a tax on all US usages of the Internet in France. I dare say that is a daring way to raise capital, but it has one draw back: the United States objects but is powerless to take it the next step it could be taken, and that is to force France to use gold to pay the US for its use of the financial markets in the Unites States. The US has nothing against France except its incessant need for currency to pay its international debts. France got itself into this fix by forcing Great Britain to use gold to pay its debts to France a few years ago. France was seen as the bedrock of all financial dealings in the EU, but now the EU is forcing Britain to deal itself outside of the EU financial system, almost. What will happen at the end of October is France wins a big chunk of the reparations GB owes to the EU for leaving in the middle of a financial crisis anyhow, and GB will simply roll over the debt on the US financial markets and the US winds up paying France ten encts on the dollar and under the bus goes France. All of this is building up for the G7 Meeting today. Let us see if they can seriously deal with this brewing mess to all of the world. Take care Clency to place your reserves in liquid form for awhile, okay? SERARA."
MICHAEL OF NEBADON - "the trial to all on this list is to understand that the DOLLAR is ready to collapse if it is pushed too hard by Trump to get the Federal Reserve to drop its monetary policy. Trump is the usual fool and wants something for nothing and he will get it if the Federal Reserve buckles and places its liquid funds into gold and that will force the US dollar back on the gold standard. That is turn, as explained above, will force the dollar to become more than a reserve currency and so valuable it causes deflation in the US itself and then up go the word prices for gold bars and gold ingots and gold coins., There are nearly seven trillion dollars available as gold coins these days and that value will nearly triple if the US is forced back into gold backing of the dollar.
"Finally, the dollar is no longer that well held by countries like Great Britain. Fracne holds plenty of them but is the usual bear about spending them at all. I also wish you to listen better Clency, as the total wear and tear on your income is due to fluctuations on the gold market NOT, but on your own habit to cancel trade balances that fall into the negative numbers even if briefly. You think the entire matter of gold pricing is controlling those trades, but not so. What is controlling those values in your own balances is the failure of France to fully inform the public it is running a much larger deficit than is noted by your own financial markets. Therefore, keep yourself liquid, but out of the gold market period, and let the reserves you won float against the dollar if you can follow that at all. Be assured the dollar will sustain you while your own currency problems of France will drown you if you leave the dollar at all. Good day. SERARA.."
MICHAEL OF NEBADON - "I must lament the passing of the US dollar, as it truly is the currency the world should depend on but it cannot depend on it when the US stops spending for US treasuries itself and forces the US government into paying off old debts in gold again. The Federal Reserve uder Powell is making one error after the other and cannot be held accountable due to its independence and this is truly cause that Trump rants about interest rates through Federal Reserve control. For every dollar more that France spends on debt maintenance, the US has to put up two dollars for its own reserves to pay off immediate claims on what it owes to foreign creditors. That is because France now hides most of its debt inside a huge balloon you know not Clency, and that is the fact that France owes the US about six trillion US dollars for the cost of maintaining it nuclear arsenal. France maintains about six billion dollars in nuclear weaponry so old it is beginning to leak, but the US says if you must keep it, place it in liquid freon gas and that will keep the leaking out of the air, the problem is that the leaking has now becomes so fractious it cannot be held back any longer and will force the US to nuclearize the French connection no more. That will upset France and off we go into another round of nuclear tipped missiles proliferation like ants on a hill of trillions to swarm all over the globe and finally some nuclear ass will trigger one and the world ends as a safe place to live.
"Finally this to you Clency and to Ron and the rest of you. The requirements are met for a Magisterial Mission to proceed on Urantia. However, we look at Ron and his health issues and see him just leaving Urantia shortly because se cannot guarantee a successful transplant of flesh to flesh anymore due tothe fact that the Supreme has no choice but to backlash the whole idea if he is not available on Urantia to send Ron to the gallows not. I am not sure what we have created with Ron as he is but he is ready to serve and serve well, but is caught between a failingheart and a useless set of proscriptions by Machiventa Melchizedek, who feels he is valid but a weak sister in all of this. He asked Ron to take charge over him and Ron sees no problems to that whatsoever, but Machiventa Melchizedek is no longer just any Melchizedek but a genuine Time Lord for the rest of his evidentiary life. It is then for reasons of state that Ron must deploy extreme caution in dealing with MACHIVENTA MELCHIZEDEK, or lost the battle for life and health based on that Melchizedek's life or dislike of Ron's motions on the Urantia scene.
"I now recommend that Machiventa Melchizedek withdraw if he can over this issue until I settle the problems now developing with the health of Ron every which way he turns now. He has reached the point he cannot see well at all all day and fails to gather enough energy to work hard enough during the day to help ME out at all. That is the care he gives us all but he cannot maintain the stamina to keep going this way. I call upon the Father to decide this issue and relieve Ron of the cause of such pain no one can watch it easily and understand it is not passing as Ron had hoped even years ago. We must end the charade that we all play to move problems like this down the road and it is not just the heart now but various internal organs are now showing so much wear and tear we dare not allow much more time to pass before we close the books on the bravest attempt I ever saw to help us over an impasse with the Urantia Foundation and the Urantia Book Fellowship. Agreed and this:
"Your luck is lousy Ron as Bon cannot get free today at all due to a gold game he insists is his last forever, but you are not wearing the cost well to your own health as he must face the fact he is not hitting on all fours either and must remove you from his to do list shortly period as he is suffering old age problems too. Get Dominick out here and you are much better off for a little while but let Dominick know there is no moentary reward without selling that book and that has its own problems to surface when a proposed publisher arrives and bulks at the addendum period and you say that is without precedence to force a whole chapter out of existence that has all the humanitarian help in it and your refuse them and they quit easily too as you are forcing an issue into the public domain no one wants to deal with ever: how much is a human life worth these days? Michael of Nebadon."
END
