"Gold-Backed Yuan" - Jester's Place Chat Highlights 9/8/17

by **Ssmith** Sat Sep 09, 2017 9:42 am

Jester’s Place

[Pollyp] Jester, there is much ado about the BRICS and the oil contracts that are convertible to gold. Could this be the beginning of the end for gold manipulation?

[JESTER] Pollyp I DON'T KNOW ABOUT THAT... IT LOOKS LIKE THEY ARE BACKING THEIR CURRENCY IN SAID CONTRACTS... NOT SURE THEY WANT IT RUNNING ALL OVER JUST YET SO I EXPECT IT TO STAY STABLE A WHILE UNTIL THEY GET THAT DONE... IF THEY CAN GET IT DONE...

[JESTER] PEOPLE DON'T UNDERSTAND HOW IT ALL TIES TOGETHER AND THEY LIKE TO MAKE IT MEAN SOMETHING THEY LIKE IT TO MEAN... IT IS NOT GOING TO JUST CHANGE FOR THE HELL OF IT..

[Pollyp] Jester so it is their way to asset back their currency? So all other countries will have to move that direction also, correct?

[JESTER] Pollyp WOULD YOU RATHER HAVE SOME UNBACKED USD TO GET PAID IN OR SOME GOLD BACKED YUAN TO GET PAID IN?

[JESTER] THEY WILL LIKE TO PAY WITH YUAN INSTEAD OF USD SO THEY ARE BACKING THE YUAN IN THE CONTRACTS TO MAKE IT MORE ATTRACTIVE...

[MarySunshine] JESTER So if the Chinese are wanting to buy oil credits with Yuan..... then why don't they just hurry up and buy our dinar so they can have the oil credits from that.... why wait?

[diditrvyeet] Jester [JESTER] HI AND HAPPY THURSDAY EVERYONE...

[Pollyp] Jester, there is much ado about the BRICS and the oil contracts that are convertible to gold. Could this be the beginning of the end for gold manipulation?

[JESTER] Pollyp I DON'T KNOW ABOUT THAT... IT LOOKS LIKE THEY ARE BACKING THEIR CURRENCY IN SAID CONTRACTS... NOT SURE THEY WANT IT RUNNING ALL OVER JUST YET SO I EXPECT IT TO STAY STABLE A WHILE UNTIL THEY GET THAT DONE... IF THEY CAN GET IT DONE...

[JESTER] PEOPLE DON'T UNDERSTAND HOW IT ALL TIES TOGETHER AND THEY LIKE TO MAKE IT MEAN SOMETHING THEY LIKE IT TO MEAN... IT IS NOT GOING TO JUST CHANGE FOR THE HELL OF IT..

[Pollyp] Jester so it is their way to asset back their currency? So all other countries will have to move that direction also, correct?

[Pollyp] Jester, is that possible for us?

[JESTER] Pollyp WOULD YOU RATHER HAVE SOME UNBACKED USD TO GET PAID IN OR SOME GOLD BACKED YUAN TO GET PAID IN?

[JESTER] Pollyp WHY WOULD THE US PAY FOR OIL IN YUAN?

[JESTER] THEY WILL LIKE TO PAY WITH YUAN INSTEAD OF USD SO THEY ARE BACKING THE YUAN IN THE CONTRACTS TO MAKE IT MORE ATTRACTIVE...

[Pollyp] Jester. I'm wondering if you are saying contracts are the same things as the oil credits? But isn't that exchange just between the US Treasury and China? We just get what the Treasury wants to give us, I thought. Please explain

[JESTER] Pollyp NO... SINCE YOU DIDN'T REALLY TELL ME WHAT YOU WERE TALKING ABOUT AT THE START... I TRIED TO ASSUME WHAT YOU MEANT... SO I WENT WITH THE CHINA OIL CONTRACTS TRYING TO BUY OIL WITH GOLD BACKED YUAN...

[JESTER] WOULD BE A GOOD IDEA TO EVER GET AN ARTICLE OR SOMETHING TO TELL ME WHAT YOU ARE SAYING BUT I HAVE GIVEN UP ON THAT... LOL

[Pollyp] Sorry, tech problems. I know. I'm still not very good with the article thing. Patience has to help me a lot

[MarySunshine] JESTER So if the Chinese are wanting to buy oil credits with Yuan..... then why don't they just hurry up and buy our dinar so they can have the oil credits from that.... why wait?

[diditrvyeet] Jester http://www.zerohedge.com/news/2017-09-06/escobar-exposes-real-brics-bombshell-putins-fair-multipolar-world-where-oil-trade-by

[Pollyp] diditrvyeet, thank you

[JESTER] EASIER TO UNDERSTAND... http://www.zerohedge.com/news/2017-09-02/de-dollarization-accelerates-china-readies-yuan-priced-crude-oil-benchmark-backed-go

[Pollyp] Jester yes! Thank you! My understanding is the yuan is convertible to gold. You would take yuan to Shanghai or Hong Kong and get actual gold?

[JESTER] I WOULDN'T... BUT THE GOVERNMENT OF ONE OF THE OIL COUNTRIES MAY OPT TO...

[Pollyp] Jester, would that be an incentive for oil producing countries to want to only sell to China?

[JESTER] Pollyp THEY WILL LIKE TO SELL TO ANYONE WITH FUNDS... BETTER FUNDS MAKE BETTER FRIENDS...