India and Malaysia announce trade in Indian Rupees

[Anonymous No.54422385]

As more countries do this, the demand for UST will fall. It will create high inflation inside USA.

[Anonymous No.54422513]

>>54422385
Is this the same person posting these?
We know

[Anonymous No.54422572]

>>54422513

I cross post this from /pol/

[Anonymous No.54422574]

>>54422385
BENCHOD BLOODY BASTERD DO NOT

[Anonymous No.54422582]

>>54422574

REDEEM

[Anonymous No.54422593]

petrodollar sisters ... it keeps happening

[Anonymous No.54422620]

>>54422385
Imagine accepting anything from India

[Anonymous No.54422629]

>>54422620

Their banking system was immune during GFC 2008. No credit default swaps.

[Anonymous No.54422632]

>>54422593
i refuse to believe a white person could be ignorant enough to post this shit so i assume you END OF PETRODOLLAR shills are indian or chinese

[Anonymous No.54422634]

>>54422513
Why are you so scared? It's not like American primacy depends on the dollar being used as reserve currency...
oh, wait

[Anonymous No.54422659]

This is the same fake-adoption shit like "getting paid in crypto," where you still get your salary denominated in USD you are just auto purchasing bitcoin. Same with these announcements, they mean almost nothing unless you are pricing goods and services in CNY or INR. Especially commodities which have free floating price, they weren't pegged to USD to begin with. So the only thing you're doing is having Malayasia sell the INR instead of india.

[Anonymous No.54422691]

>>54422659

Malaysia pumps its own crude oil called Tapis which has lower sulphur content than WTI or Brent.

Now Indians will be buying that with Rupee.

[Anonymous No.54422699]

Bet my virgin ass that there be going a mass jewflight to Israel or Ukraine leaving empty shell of USA
And that's when the petrodollar will start losing their value rapidly.
Remember we are currently living in clown world.
Weird shits can happen.

[Anonymous No.54422708]

>>54422691
sir we only accept poopees and google play card please again thank you

[Anonymous No.54422723]

>>54422632

India is as big as western Europe. And they consume a lot of oil. Malaysia has its own crude oil blend with less sulphur than WTI or Brent. So it might be a problem.

[Anonymous No.54422725]

>>54422691
>Now Indians will be buying that with Rupee.
Which melaysia just sells upon receiving. They're just using indian banks as the payment processor. Its not liking they're pricing oil in INR which will floor the value of INR.

[Anonymous No.54422737]

>>54422385
Bloddy basterd redeemed the Google dollar card

[Anonymous No.54422753]

>>54422723
That has nothing to do with the dollar though. If Malaysian oil is slightly better it will just trade at a slight premium to other types of oil. Oil isn't sold at a fixed price, its sold at market price. Malaysia doesn't care about the value of INR they will just immediately liquidate it on receipt.

[Anonymous No.54422763]

>>54422725

Usually these non-dollar trade often does a net settlement at the end using gold or oil.

And that net settlement price in INR might have already been decided.

So we won't know this until the jubilee year between India and Malaysia.

[Jean Truong No.54422771]

>>54422753

US Treasuries are used to back offshore USD liabilities. There will be less demand for US Treasuries in a oil for INR trade.<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

[Anonymous No.54422810]

>>54422385
>2022
Its been happening long time now. But normies are being fed news now through CNN and fox. Decisions have been made

[Anonymous No.54422839]

>>54422771
What liabilities have changed? The announcement is that Malaysia opened a bank account in India so it can settle through Rupees. So there could still be USD liabilities that are just settled at market rate of INR/USD.

[Anonymous No.54422879]

>>54422839

The Union Bank of India mentioned in that government announcement has an account at the Reserve Bank of India. And Union Bank of India holds Indian government bonds for INR accounts. That is what it means to trade INR.

India International Bank of Malaysia has an account at the Union Bank of India.

There is no USD involved.

[Anonymous No.54422911]

>>54422879
>There is no USD involved.
You don't know. If Malaysia agrees to provide X oil at some numbers of dollars in the future, then India hast o get X dollars woth of INR to pay Malaysia. Then pay the INR through the bank account. But that still creates a USD liability for India and does little to strengthen INR. A real announcement would be future pricing in INR. Price denomination is what matters no just whatever bank is used to do the settlement.

[Anonymous No.54422969]

>>54422911

> in the future

50 years from now you don't know how much X barrels will cost in USD.

Remember USG cannot export inflation to other economies anymore so don't expect INR to inflate/deflate in sync with USD.

[Anonymous No.54423034]

>>54422632
it's over

[Anonymous No.54423046]

>>54422969
Can india export inflation? Both are shitty fiat currencies but look at INR/USD for the past 10 years its been a straight line down. If countries are trying to get rid of dollar assets, they aren't going to replace them with indian rupees or yuan. Its going to be gold, commodities, or even bitcoin.

[Anonymous No.54423114]

>>54423046

> gold, commodities, or even bitcoin.

Net settlement will be like this. Oil is a commodity.

> Can india export inflation?

On its own no. There are other countries not using UST so the lost demand for UST will have to be created by Federal Reserve by minting USD. And that will create inflation inside USA. The other solution is USG increases taxes to be able to afford the high rates when UST price falls due to lack of demand due to foreign trade which is not using UST.

[Anonymous No.54423163]

>>54422634
Kek

[Anonymous No.54423177]

>>54423114
They can use commodities, its just bartering, like oil for grain, etc. If you don't want to barter, and you don't want to price in gold or bitcoin, then what are you going to use if you won't get the asset until the future? Are you going to hope India or China don't devalue their currency? Lmao. No you are going to use USD and suck it up or you are going to demand gold or something.

[Anonymous No.54423196]

>>54423177
Or you might accept rupees or yuan but with inflation adjustments and heavy interest rates which the other side will have to hedge against anyway which will weaken the currency.

[Anonymous No.54423208]

>>54422810
So what's ((their)) game? I feel like they're have an Ace up their sleeve when even the MSM is screaming about the end of the Petrodollar. I mean really, would you broadcast the end of your world order to the proles/future cannon fodders if it was even remotely true?

[Anonymous No.54423423]

>>54423208
I dont think it was ever a american world order and just like that now it wont be chinese century .Usa vs china is mostly distraction.Nothing is actually changing in world order .Pic related Blackstone CEO investing in china since 2013

[Anonymous No.54424125]

>>54423423
Blackpillish but true
The only good thing is these things dont really reproduce that well; except the useless ultra orthodox kikery

[Anonymous No.54424176]

>>54422634
lending decline in dollar-denominations = money supply go poof = supply decline faster than demand destruction = dollar go up. way up.

[Anonymous No.54424431]

>>54422699
So freedom from the international jew and the vulture boomers?
And only working class people left, providing simple finance and banking?
Are you ok moishe?

[Anonymous No.54424481]

>>54422911
>at some number in dollars
No. Some number in Rupees.
You can argue that the amount in oil will be in, let's say 1,500 INR a barrel which is the equivalent of $100USD a barrel but the trade will not involve currencies backed by UST or be transacted in USD. Thus there is loss of reserve status of the USD.