December 20th, 2014, 11:31 am
QuoteOriginally posted by: APlusIn my opinion there is nothing to be worried about, as there is a settlement of spot crude oil price as a virtual exchange currency via the Thai bacht, from the American dollar to the Russian ruble. Nobody really has the actual paper/coin/string of bits but both America, China, Russia and OPEC are happy to use it.With the unveiling of Hong Kong?s cross-border payment link between Hong Kong and Thailand which has a focus on facilitating a safer and more efficient arrangement for settling foreign exchange transactions between Thai baht and US dollar, the Advanced Markets brokerage does the "real" thing, via cah contracts with no time to expiary (spot crude oil, Russian ruble and Thai baht/US dollar), and little people do it with a limited time to expiry via crude oil futures.I believe that it does not look at all as a deflation if you consider it in crude oil units and not in fiat currencies units.?dollar hoarding smart alec. thats the link. its now oil hoarding and you will see oil cans exchanged for big mac. out of your vivid imagination.