Russia's Foreign Exchange Trading is NOW ALMOST 100% in YUAN. Meanwhile the US Response is 100% Predictable.
WAR WAR WAR WAR & MORE WAR
from just 1% 2 years ago to now over 95% today. The dollar's share has dropped to nearly zero.
Russia's Shift to Yuan in Foreign Exchange Trading
Key Points:
Russia's foreign exchange trading is now almost entirely conducted in yuan
This shift is a result of Western sanctions following Russia's invasion of Ukraine
The move represents a significant change in Russia's financial landscape
Details of the Transition:
Yuan's share in Russia's foreign exchange market reached 95% in June
This is a dramatic increase from just 1% in early 2022
The dollar's share has dropped to nearly zero, down from 80% in early 2022
Implications for Russia:
Reduced vulnerability to Western financial pressures
Increased economic ties with China
Potential challenges in international trade and finance
Global Impact:
Weakening of the dollar's dominance in global markets
Strengthening of the yuan as an international currency
Potential shift in global economic power dynamics
Expert Opinions:
Analysts view this as a significant development in de-dollarization efforts
Some experts caution about over-reliance on the Chinese currency
Future Outlook:
Continued growth of yuan usage in Russian markets expected
Potential for other countries to follow suit in reducing dollar dependence
Ongoing monitoring of the impact on global financial systems
This summary provides an overview of the key points from the Bloomberg article, highlighting Russia's dramatic shift towards using the yuan in its foreign exchange trading and the potential implications of this change
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Yesterday we reported Gold being accumulated by everyone who is not in NATO
And that NATO's only response is to back the ECB and Federal Reserve notes with military adventures (the de facto war bonds have no value except for the blood spilled) now in Gaza, Russia, Ukraine, etc … and US is whispering that Iran is now in their crosshairs
Remember this is how we kept the petro-dollar alive by offering Saudi prison yard protection but now they have joined BRICS
The War to back the dollar at all costs (like we saw in Libya, Iraq, Somalia, Lebanon, Mali, Yemen and 251 other wars since 1991)
Speaking of NATO…NATO meeting in DC, Kicked off with a Fiery Start
He said “I was fvcking your wife”. Don’t believe us, watch and listen for yourself
The 2024 NATO Summit is currently underway in Washington, D.C., marking the 75th anniversary of the alliance. This high-profile event, taking place from July 9-11, 2024, brings together leaders from all 32 NATO member countries to demonstrate the continued strength and unity of the Transatlantic Alliance.
The last time Washington, D.C. hosted a NATO Summit was 25 years ago, making this gathering particularly significant for the U.S. capital.
The summit is being attended by numerous world leaders, including U.S. President Joe Biden, who is hosting the event. A key focus of the summit is NATO's position on Ukraine. The summit is addressing several crucial topics, including the implementation of NATO's new defense plans, strengthening the alliance's deterrence and defense capabilities, and advancing cooperation with Indo-Pacific partners. Leaders are also discussing the modernization of NATO's command structure and the development of comprehensive defense plans, which are the first of their kind since the end of the Cold War.
Biden's appearance on the World stage is also intended to show US voters that he has what it takes cognitively to be the so-called "leader of the Free World."
Following what has been widely regarded as the most disastrous debate performance in US Presidential political history, numerous Democratic politicians have been vocal in their calls for Biden to step down.
So maybe the gaffe "I was fvcking your wife" is forgivable.
So maybe having a bad debate is understandable.
Maybe having the serious medical condition of Lewy Body Dementia, Alzheimer's, or Parkinson's disease exhibited on live TV in his debate is also forgivable? ( yet the WH press secretary stated it was a cold or jet lag)
This below is not forgivable.
The use of bombs, shells, missiles, drones, machine guns, and troops to support a Federal Reserve Note is not just unacceptable, it's illegal, immoral, and unwise foreign policy at best. At worst, it's an act of pure evil.
Using executive orders or Congressional acts to send $175 Billion to Ukraine, while the US is grappling with a surge in crime, inflation, layoffs, and consumer debt, is a stark reminder of the impact of political decisions on the everyday lives of Americans.
The imagery, symbolism and sentiment below is not just unacceptable, it is a shocking example of the irresponsible actions that have become all too common in our political landscape.
Threatening Russia and Stealing Money from US Taxpayers
Conclusion:
His Freudian slip “I was fvcking your wife” should be translated to our Reality Today…