Posted on 07/23/2022 4:57:05 PM PDT by EBH
“BadGuyBucks”
Who wants to hold the yuan when Chinese citizens can’t even get their deposits out of the Chinese banks?
Who wants to hold rubles when you can’t spend the anywhere but Russia. And you can’t take dividends out of Russia?
Russian inflation rate 2021 6.9% 2022 17.8%
I don’t think we have much to worry about.
The moment we SWIFT’d Russia, the US Dollar as the global reserve currency lost most of its value to the world, as, literally, EVERY COUNTRY now has to wonder if they’re next for being SWIFT’d, and thus losing their dollar holdings.
It was a GREAT RUN, but we gave it up, and only out of SPITE against Putin. Now, like Brazil and Angola, our currency will have to sink or swim on its own merits.
Jul 14, 2022Three more countries - Saudi Arabia, Egypt, and Turkey - are expected to join BRICS International Forum soon with the possibility to discuss and decide on their membership bids at BRICS.
If it destroys the western central bank system ...
Not right now, anyways.
If the nukes fly they will lose quite a bit too.
That’s why the neocons are pushing for WW3.
Instead, worrying about harming Russia, you should be worried the idiot sanction war Biden got us into with the Russians.
I dont blame them, who wants to be held hostage to these woke nuts who are running the West. It me be our undoing, but at this point we deserve to be undid.
Biden Bucks? Hunter Huan?
More fear porn for the Doomers..
China’s economy is crashing faster than they can contain right now - any nation that has to deploy tanks to stop bank runs isn’t going to be the “reserve currency”.
Combine that with the FACT that the RMBs value is only allowed to trade within a narrow band of USD value - their artificial pegging of the yuan to the dollar is the main reason their economy has survived this long. Without that peg, worldwide traders would require a lot more information from the CCP about their economic “data” - which the CCP knows won’t stand up to any scrutiny, and the RMB would become worthless. (And all those nations who owe the CCP money for their Belt and Road projects would stop paying them back.)
So the planet’s two greatest communist nations announce their money will be the new reserve currency?? If that doesn’t make ya laugh, nothing will.
One more indication of the economic destruction our puppet president has caused since the election was stolen!
(international reserve currency)
Oh good - World 🌎🌍 currency 💲💲💲
What could possibly go wrong?
Who wants to hold dollars when their own government is laboring hammer and tong to destroy them?
(That’s why the neocons are pushing for WW3.)
Seems like there IS a push for it.
🛐🙏✝️
Well, the Chinese bank at issue was actually a fraud issue. The criminal has already left the country and secured new citizenship. $6 billion dollars!
That kind of fraud is causing problems for ALL of the major banks in China.
I do not know China’s laws in this regard, but the shutdown of the Hunan bank was due to fraud, not exactly bad business.
The world is pushing for it, not just the neocons.
Historically, with the state of affairs in the world, it is due for a world war. It might be the only way?
Are we really surprised? Since Biden has been in the Whitehouse, the world knows the U.S isn’t strong anymore. We have become weak and so divided that at this point, half of this country would gladly give away our country just to become a socialist “utopia”. Period.
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