OMG, China & Saudia Arabia are switching to the Euro

It's really happening. On December 27th, the Chinese Yuan rose .37 against the dollar, the largest one day rise in history. The Euro is speeding away from the Dollar as the dollar continues to fall at an alarming rate, and the Euro continues to rise at an alarming rate. I'm talking about the world switching to the Euro. I'm talking about oil, and I'm talking, or at least speculating, on World War III.

It's all about trade. If you want to trade with foreign nations, it's good policy to have the currency on hand with which that nation uses most commonly - or better yet, barter with goods and/or services. If you trade goods or services for the Euro, you are creating jobs and have Euros on hand with which to buy products from nations also trading in Euros. If you trade your own currency for Euros, your trading work already done for cash with which to spend in nations trading mainly in Euros. When nations start spending large amounts of Euros for goods/services, it's fairly easy to deduce that those nations have in fact been trading in Euros in order to have the supply on hand of that currency - or they are trading goods/services for Euros because they plan to spend those Euros, or to save them if they are appreciating.

Trading goods/services for dollars, and then purchasing goods/services from nations trading mainly in Euros, is obviously not a good idea if the dollar is depreciating and the Euro is appreciating.

An older story about China/Iran and big Oil and Gas deals - several more have been made since.

China, France sign 8b-euro nuclear energy deal

Sarkozy wins China 20bn euro deal


Googling "Saudi Arabia Euro" returns lots of recent big dollar contracts with European nations for all kinds of services.

Fears of dollar collapse as Saudis take fright

When Saudi Arabia, our largest ally in the Middle East, decides to buy 72 fighter jets from Britain, it's time to get nervous.

Saudi Arabia to buy Euro-fighter jets worth nine billion dollars This has been confirmed.

Here is a two year graph of the Yuan vs Dollar:
Yuan vs Dollar, 2 years.

Two year graph of Euro vs Dollar:
Euro vs. Dollar

These large Euro deals (and many other indicators), mean that China and Saudi Arabia have already started converting to the Euro and are well on their way. Searching for "China Euro", or "Saudi Arabia Euro" results in lots and lots of recent contracts - some of them are very, very large.

For some reason, unknown to me, many deals were reached or confirmed on Nov. 26th, or Nov. 27th of 2007. Too many deals, it seems, to be a coincidence. I have no idea what this implies, but many multi-million or multi-billion EURO deals were made or confirmed on these two days - as reported in the news around the globe.

Iran converted to the Euro in Feb. 2007, based on what I can find on the web. OPEC has not yet converted, but Saudi Arabia is the dollars' largest supporter within OPEC. Other nations involved in OPEC have recently expressed an interest to investigate switching to the Euro. We all know Iran, Syria and Venezuela are dead set against the USA.

** The point of OPEC trading in euros vs dollars becomes poignant if you paid attention to the paragraphs above regarding trading. If your planning to purchase American goods, trading in dollars makes sense and is convenient, and if the dollar appreciates or if you trade/purchase a lot of American goods, it becomes financially sound. If OPEC decides to accept only Euros in exchange for oil, it means they are more confident in the Euro, and/or they intend to purchase more goods/services from European Union nations. **

America owes China a lot of money. If the dollar shrinks, and the yuan rises... we owe them even more money - and/or China can purchase more products from America with the same amount, or even a lesser amount, of Yuan.

So many other indicators are out there, but how can anyone mis-interpret this data? I mean China's military budget has increased in double digits for ten years now. They shot an orbiting satellite out of the sky in front of the whole world. China is now the world's largest producer of greenhouse gases. Their infrastructure is growing exponentially. They are now the number one purchaser of automobiles in the world. The oil fields in Darfur - Russian alliance hints... large investments in Iran. Search these facts, and you can see for yourself. How many times in 2007 did America buy tainted or poisoned products from China? China is saying "We own you, fools." There is much, much more...

Here is a good summary of what is happening:
7 of the Most Important Economic Events of the Last 7 Years: The Buildup to World War III

I've actually been studying this issue for about a year and a half seriously, and the seven events listed in the article listed above are all true and correct.

We won't even make it to peak oil terminal decline. The war is no longer about oil, it's an economic war, and we've already lost. As the world's oil supply runs out, and oil becomes more expensive, America will lose 60% of it's purchasing power simply due to the disparity between the Euro and the dollar. America also loses the interest on the dollars in store, which are currently used to purchase oil. It's bad... really bad.

Nigeria and the United Arab Emirates are currently considering switching to the Euro. Maybe you've heard about the United Arab Emirates? They have the tallest building in the world, a man made sea... an indoor ski resort, and money, lots and lots of money.

But it gets worse - we owe China all this money, and interest on top. Meanwhile the Yuan is skyrocketing, the dollar is shrinking, and our government has tapped our reserves, even our retirement fund - social security.

China has been selling roughly 1 billion in bonds to Americans per year in recent times, and they are purchasing shares in our financial institutions (Lots of recent articles about China dumping bonds, and buying into American financial institutions on the web). So now, they can pay us 3.5% dividends while charging us 5% interest, and also collect the 10% difference in currency exchange rates on a monthly basis. This is on top of the 200% markup they make from selling us products, which our corporations markup another 500% before we give China more money.

China buys 5 bn stake in American company that lost 3.5 bn in 4th qtr

Corporate America, in it's lust for greed turned to China to purchase products as inexpensively as humanly possible in order to achieve the highest profit margins possible. Corporate America has funded China, in order to sell us crap so that they can make more money. How many of you cringe when you see "Made in China" on the label? Disposable goods. In recent years, it's impossible to tell the products come from China - due to "Distributors".

Corporate America, with the help of our government, moved our manufacturing jobs to other countries in order to increase profits. Also many of our service and support jobs. They are taking a large dump on the very people who built and supported their companies.

That's how it all started... in my opinion. Keep in mind I'm no economist. I've never studied Economics, except for Business 101 and Marketing 101. I've just been watching the news around the world very closely for some time now, and it's all bad news.

I'm pretty much a noob, I'm just publishing my thoughts and opinions... I could be wrong. Haha - let's hope I'm wrong.

Now... knowing what you now know or at least suspect, take a look at this:
Sheeple

One of the main reasons behind the collapse of the US Dollar: Why the US wants to attack Iran

Keep in mind, I've been involved with collection agencies in the USA for 20 years, and have developed three collection agency management packages, three skip tracing packages, and two service processing packages. I know something about bankruptcy and debt collection. We are now sheep, offered to the highest bidder, without recourse or reprise, and there seems to be no intelligent response to this gesture.

China signs $2bn Iran oil deal