Ghost of Truth on Nostr: De-dollarization: China picks up the pace The US decision to confiscate Russian ...
De-dollarization: China picks up the pace
The US decision to confiscate Russian assets appears to be accelerating the move away from the dollar-based monetary system by major antagonists such as China. Data shows that the Middle Kingdom is dumping US government bonds like never before! And the sad attempt by US Secretary of State Blinken to talk China out of cooperating with Russia must also be interpreted as a farce against the backdrop of the ostentatious move away from the dollar. The bifurcation of the world into two large trading blocs is gathering pace and the pressure on the dollar is growing.
#China #USA #BRICs
The US decision to confiscate Russian assets appears to be accelerating the move away from the dollar-based monetary system by major antagonists such as China. Data shows that the Middle Kingdom is dumping US government bonds like never before! And the sad attempt by US Secretary of State Blinken to talk China out of cooperating with Russia must also be interpreted as a farce against the backdrop of the ostentatious move away from the dollar. The bifurcation of the world into two large trading blocs is gathering pace and the pressure on the dollar is growing.
#China #USA #BRICs