Nice Going Biden: China, Brazil strike deal to ditch U.S. dollar for trade.

[g5000]

BULLSHIT! Prove that!

CIPS said it processed 135.7 billion yuan ($19.4 billion) a day in 2019. As of end-June, about 980 financial institutions in 96 countries and regions have used the system.

They include 30 banks in Japan, 23 banks in Russia and 31 banks from African nations receiving yuan funds via infrastructure projects under Beijing’s Belt and Road Initiative, according to a survey by Nikkei newspaper in 2019.

FACTBOX-China's onshore yuan clearing and settlement system CIPS

Chinese banks may have to rely on the country's homegrown payment system for cross-border transactions if the U.S. imposes sanctions on lenders who serve officials involved in the implementation of the new national security law on Hong Kong.

www.reuters.com

 

[The Duke]

China and Russia ditch dollar in move toward 'financial alliance'

Greenback's share of neighbors' trade falls below 50% for first time

asia.nikkei.com

China, Russia sign MOU on yuan clearing in Russia

The central banks of China and Russia on Saturday signed a memorandum of understanding on setting up a yuan clearing mechanism in Russia, the People's Bank of China said.

www.reuters.com

You're welcome!

China and Russia is not China and Russia and anyone in the Western hemisphere or Europe, you fucking retard!

And why is Japan dealing with them?

 

[toobfreak]

This started during Trump or did you fail to notice it?

What's that--- that slow whistling leak in your head?

 

[g5000]

China and Russia is not China and Russia and anyone in the Western hemisphere, you fucking retard!

You asked for proof China has been making such deals for years, including under Trump.

I provided it.

Sorry to make your ignorant ass hurt.

 

[JohnDB]

This was very poor timing....bur maybe not if it's far future dates and done slowly.

The dollar is getting too strong...which makes imported goods less expensive but exported goods hard to sell.

Currently most economies are in a period of inflation. People are having to spend more and more to get the same goods. So those with lots of currency exchange it for US dollars because the USA usually has the lowest inflation of any economy.

So most countries have reserve deposits to back up their currencies....most use US dollars.

Brazil produces a TON of groceries....everything from sugar to ethanol to corn...wheat and coffee. Most comes to America.

 

[BasicHumanUnit]

Biden is showing he has no business savvy like Trump on the international stage. His whole goal is to weaken the US and its currency.

China, Brazil strike deal to ditch dollar for trade

It's Beijing’s latest salvo against the greenback. Read more at straitstimes.com.

www.straitstimes.com

Truth Social

Truth Social is America's "Big Tent" social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology.

truthsocial.com

The Pentagram has long been associated with evil and Satanic rites and rituals.

Is it coincidence that the very HUB of US power and might resides inside a Pentagram shaped building?
Hmmmmmmm

 

[Moonglow]

You asked for proof China has been making such deals for years, including under Trump.

I provided it.

Sorry to make your ignorant ass hurt.

They do get pissy.

 

[Nostra]

And our cable reception just got ten percent poorer.

Simps gonna Simp.

 

[BasicHumanUnit]

Trump......Biden.......?

Meh.......they play on the same team.
And if you haven't figured this out yet then the fool is in the mirror.

 

[bodecea]

By all means please explain in detail how the world no longer using our currency is a good thing

"The world no longer using our currency"...............tell us, whenever did the world use our currency?

 

[The Duke]

You asked for proof China has been making such deals for years, including under Trump.

I provided it.

Sorry to make your ignorant ass hurt.

None were with western countries, retard.

Surprised Japan wasn't sanctioned.

I do not understand why you cheer on the degradation of all Americans' wealth.

 

[The Duke]

"The world no longer using our currency"...............tell us, whenever did the world use our currency?

Since after WW2, you stupid fat dyke. Prepare to has less groceries. (and money, and home value)

Since 1945. This is how bad Biden has fucked things up for Americans.

Petrodollar

Petrodollars are the extra U.S. dollars that oil-exporting producing countries accumulate and have to find a way to spend.

www.thebalancemoney.com

 

[Rust_Cohle]

"The world no longer using our currency"...............tell us, whenever did the world use our currency?

How the U.S. Dollar Became the World's Reserve Currency

The U.S. dollar was first minted in 1914. Find out what occurred during the last century to make the U.S. dollar the world's reserve currency.

www.investopedia.com

Here genius

 

[The Duke]

I saw this coming with Biden's day 1 EOs, and now here it is.

 

[BasicHumanUnit]

China and Russia is not China and Russia and anyone in the Western hemisphere or Europe, you fucking retard!

 

[BasicHumanUnit]

Since after WW2, you stupid fat dyke. Prepare to has less groceries. (and money, and home value)

 

[The Duke]

View attachment 770873

Your point-?

How stupid are you? If the world moves away from the petrodollar, everyone in America gets 15-20% poorer, instantly.

Did you not know that? It's a FACT.

Hillary assassinated Gaddafi to stop a 9% drop. That's The African Union.

Post some moar tone deaf memes without knowing what the fuck is going on!

 

[BasicHumanUnit]

Trump voters

 

[BasicHumanUnit]

When you switch to DeSantis that'll cure itself

 

[BasicHumanUnit]

Your point-?

How stupid are you? If the world moves away from the petrodollar, everyone in America gets 15-20% poorer, instantly.

Did you not know that? It's a FACT.

Hillary assassinated Gaddafi to stop a 9% drop.

Hate to tell ya lil Bubba.......
It's happening and whining ain't gonna stop it.

Like I "Done" said many times.......the cost of doing "nuttin".
Are you beginning to understand the cost of doing nothing yet?