Comments on: Iran’s yuan oil payments won’t catch on, yet Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: PieceofPeace Sun, 13 May 2012 00:19:41 +0000 What is the background history as to why we gave our dominance away to China? Or is it that multinationals have no allegiance but to shareholder profits, so we have the double whammy of unrestricted immigration and out sourcing / off shoring of jobs, so to break American expectations of being special or valued?? This plays into the speculation of a North American Union, as American wages, job security had to come down so to make the merge possible.

By: Wantunbiasednew Thu, 10 May 2012 18:23:27 +0000 Freud was right. Sometimes when you don’t want to say sth which you think about, it will inevitably appear, like in this article.
Iran is under “tough sanctions from US” so they accept payment in yuan. The author forgets to mention that, as pragmatists say, much of their problems IS due to their trading in oil in Euro INSTEAD of US dollar.
In next sentences a lot meaningless words appear like “the US monetary policy may not be ideal etc.” and then we have some truth:”and for governments which still rely on U.S. military support.”
So now Iran does not rely on “US military support” which in US hard diplomacy language means “we will crush you, only problem is China and Russia in this UN Security Council”.

By: slowsmile Thu, 10 May 2012 06:23:20 +0000 Although the author makes some relevant points about the ongoing yuan/dollar tussle, she has missed an awful lot of evidence too,

Over the last 4 years China, Russia, Brazil, India, Japan, The 10 Asean Nations, The Gulf States, Nigeria, Turkey, Belaruss as well as Iran have all agreed to swap currencies not only to pay for oil but to pay for goods and service as well. Will this have an insignificant effect on the dollar value and the current US economic situation?

Currently, China is building the biggest oil refinery in the world for the Saudi Arabians. The obvious next stage to this new “friendship” would be for the top exporter of oil in the world to then allow China to pay for Saudi Arabian oil using the yuan instead of the buck. How would that outcome effect the petrodollar’s value and influence?

I therefore find your article superficial and quite poorly researched.

By: Logical123 Thu, 10 May 2012 00:37:10 +0000 Iran is also selling its oil to India, partly to be paid with Rupees. Soon, the dollar will become irrelevant. The US and its lackeys are committing economic suicide. Also, as the price of oil goes up, Iran ends up making more money selling less oil. Hello, Obama, do you understand what is going on?