price volatility +/- 1% not solve problem

the power of china compels you! :1orglaugh:1orglaugh:1orglaugh

Slow down there... China is still a distant second to the US in GDP and Russia, the other Communist "superpower" (LOL) is a very very distant ninth...

Russia and China, combined, are still $6 trillion away from unseating the US as the world's foremost economic power...

Italy has a GDP greater than Russia -- let that sink in. A country that takes 4 hours off every afternoon to eat lunch and take a nap is still outperforming the Russians...

List of Countries by Projected GDP 2017 - StatisticsTimes.com

it is not the yuan what will be gold backed.

this discussion here is senseless because it have nothing to do with what china wants.

what they are planning to do is a trade bond what is backed by gold.
so not the complete yuan will be backed up just this trades inside this bond.

so it is free of risk for the seller and sanctions against russia will be eliminated this way.

all that is a direct response to an american president what is rotating his face 360 degrees the whole day and what is such a moron that the world will not longer accept that rules are made in washington by a monkey.

you guys are all waiting for this sudden effects - but no - these are very longterm effects you will feel them in 1 or 2 years but your children and grandchildren will still suffer on them.

Very much agree with this part.
And by the time they do feel it, they will find someone else to blame if they are still in office as they did with the banking crisis.
Where did Phil Graham go after the crash ?
In that bill he also did deeds for Enron that his wife sat on the Board of directors... HMMM...
And 20% of congress that signed that repeal of Glass-Steagall went to prison sortly afterwards.
Go Figure !

exactly - american´s are not insured by a goverment. they are insured by private savings insurances and stockmarket bonds.

the way out of the last crash was realized by even more depts and instead of regulate the mafia what is playing with this money trump was breaking their chains and let them repeat the speculation madness.

america is still weak from the last crash if there is another one within the next 10 years it have to declare bankruptcy and we will have to talk about us-economic refugees in china.

Yes but as far as Saudi oil is concerned, if China buys more oil than the USA, it calls the shots...and will get to do so more and more in the future...

Yeah thats not happenin' - China has about the worst air quality of any "modern" (and I use that term loosely) nation...

They are considering banning gasoline autos... so there goes that idea...

https://www.forbes.com/sites/kenrapo.../#3414cf2851b7