via Zerohedge: China has just completed its first trade of liquefied natural gas (LNG) settled in yuan, the Shanghai Petroleum and Natural Gas Exchange said on Tuesday. As OilPrice notes, the Chinese state oil and gas giant CNOOC and TotalEnergies completed the first …
by Shaun Richards Today’s theme is something that has become quite a saga and reminds me of this from Paul Simon. hello darkness my old friend I have come to talk with you again This is because we have been …
by magnora7 Most governmental debt in the world is denominated in USD, so the headline doesn’t apply to just China either: https://miro.medium.com/max/840/0*IquGcDF-q_pHTayP.jpg If a government has a lot of debt, they may often try to “print their way out of it”, like …