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Pakistan, China and Russia decide to conduct trade in local currencies skip dollars
Business Recorder ^ | March 17, 2020 | Ali Ahmed

Posted on 04/02/2020 7:02:49 AM PDT by NImerc

The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars.

(Excerpt) Read more at brecorder.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Front Page News; News/Current Events; Russia
KEYWORDS: china; dollar; dollars; economics; iran; northkorea; pakistan; russia; sco; trade; usd; usdollar; usdollars
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Curious as to how everyone feels about this. Last night Tucker was talking about China's strategy to arise from the crisis as THE world's leader. Judging from what we have seen so far, I don't think there can be much of an argument against that (with complete compliance from the U.S. media of course).

I'm not much of a conspiracy guy, but truth be told from the very early days of this virus I have not been able to shake the thought of the possibility of this (virus) being a scorched-earth move by China as a response to DJT's "trade war". It definitely checks all the boxes in regards to crashing the U.S. economy and, with the help of the U.S. media and WHO their reputation and leadership has been elevated to ridiculous, and quite frankly, disgusting levels. It seems a next step might be to begin the process of removing the US dollar as the standard for global trade and naturally weaken it in the process. Is this a trial balloon? Is this nothing to worry about?

PS The article mentions Russia twice. One of those should be Kazakhstan, making eight countries.

1 posted on 04/02/2020 7:02:49 AM PDT by NImerc
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To: NImerc

Very possible. They were losing the war and realized Trump was gonna be elected again.

Or i it was accidental, they played their hand well with the help of the media.

That’s why we CANNOT let the country forget that many important products must now be made here!

Screw China and any other 3rd rate country. Make it law that certain goods must be made here. Make the list long.

Then we can still win this fight.


2 posted on 04/02/2020 7:06:15 AM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: NImerc

China is Asshoe.™


3 posted on 04/02/2020 7:06:22 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: grey_whiskers

Lol!


4 posted on 04/02/2020 7:08:55 AM PDT by ecomcon
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To: grey_whiskers
Love that clip! 😁
5 posted on 04/02/2020 7:09:23 AM PDT by RushIsMyTeddyBear ("Progressives" (elitist Communists) "Love you to death".)
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To: NImerc; Vigilantcitizen

This link was posted by Vigilantcitizen on another thread —

https://medium.com/@Blockchance/trump-putin-and-jinping-together-stand-for-a-global-blockchain-based-currency-system-eb6554f7700d

Published April 1, it could be an April Fool’s joke. But if serious, it’s quite interesting.


6 posted on 04/02/2020 7:10:36 AM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: dp0622

It could have been accidental but once out the Chinese rolled out a future plan since the “war” effectively was started. That is what I assume. But I’m a worse case type.


7 posted on 04/02/2020 7:11:17 AM PDT by Lockbox
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To: NImerc

Desperate people do desperate things. We get to play too


8 posted on 04/02/2020 7:11:36 AM PDT by redgolum (If this culture today is civilization, I will be the barbarian)
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To: NImerc

China will never beat the free, work, entrepreneurial spirit of America. Even despite leftist retards in the country. They will be clambering for dollars and whatever else we have once this is over. China is an ant, albeit a big ant compared to USA.


9 posted on 04/02/2020 7:12:03 AM PDT by pangaea6
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To: Lockbox

Well whenever the worst case turns out not to be true then you get to be happy :)

Not a terrible way to look at things.

And when the worst case is true you get to say you were right.

You can’t lose :)


10 posted on 04/02/2020 7:12:46 AM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
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To: NImerc

Right now we are severely weakened. For them, now is the time.


11 posted on 04/02/2020 7:12:59 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: NImerc

I’m going to accept payment for my accounts receivable ONLY in Pakistani rupees. And I’ll convert all my cash assets from dollars to rupees. What could possibly go wrong.


12 posted on 04/02/2020 7:13:33 AM PDT by House Atreides (It is not a HOAX but it IS A PRETEXT!)
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To: NImerc

A weaker dollar actually helps the US. Our good become more affordable to the rest of the world so it helps exports and lets us be more competitive on the world market. The US has been wanting out of the reserve currency business for awhile. This could be just what we need.


13 posted on 04/02/2020 7:18:38 AM PDT by freedomlver
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To: NImerc
What the Chi-coms cannot purchase outright, they will reverse engineer, violate copyrights by reverse engineering and copy or steal.

American corporations, particularly the globalist multi-nationals are slitting their own throats...I should know, I work for one.

Allowing the Chinese to take over manufacturing, technical design, logistics and inviting them into our corporations, research facilities and institutions of higher learning are setting America up for a huge disaster and have been for decades.

It's insane!! The Chi-coms are not just being invited, they are infiltrating via other Asian countries....such as Taiwan.

Chinese communist are burrowing into societies such as Taiwan, creating citizens of those countries for the express purpose of espionage. Sending these “Taiwanese” over to work alongside Americans on our soil and gleaning technology on a daily basis.

It's happening as we speak and this is why China has gained such economic and military power so rapidly.

Buy..beg..borrow..steal..copy.

Globalist leaders in congress, corporate America will sell their mama for the almighty $$$. Dollars over loyalty to the country of their birth. Money over national security.

IMHO...they're traitors.

https://www.pbs.org/wgbh/frontline/article/made-in-china-2025-the-industrial-plan-that-china-doesnt-want-anyone-talking-about/

14 posted on 04/02/2020 7:20:44 AM PDT by servantboy777
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To: NImerc

If Covid-19 really is a bio-weapon aimed at the United States, why would they release it among their own population first and not care about the consequences if it also reduced populations around the rest of the world?

Releasing it first among your own populations and into known streams of contagion spread (international air travel) is certainly cynical enough and far-reaching enough to be sure the United States gets it and with some deflecting cover besides.

But the world knows it came out of China and I don’t think any other country hates us enough to be happy in sharing our Covid-19 fate. Especially when the world knows we’ll likely to be the first to develop an effective treatment and/or cure while they languish until treatments finally reach them.


15 posted on 04/02/2020 7:22:04 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: NImerc

The article is from March 17th referring to a March 18th meeting. Did that meeting ever happen?


16 posted on 04/02/2020 7:23:01 AM PDT by FewsOrange
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To: pangaea6

We may have quality, but they have quantity and, when their blue water build out has a few moire years the whole formula will alter.


17 posted on 04/02/2020 7:23:18 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: cuban leaf
A billion mouths to feed is a liability.

Mine a couple of their ports where food comes in, rod from god the Three Gorges Dam, take out a couple key transport junctions, and China devolves into warring feudal lords with nukes.

18 posted on 04/02/2020 7:29:00 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: NImerc

China needs food.

Trump and Bolsanaro control a LOT of food.


19 posted on 04/02/2020 7:30:00 AM PDT by Bobalu (We are going to witness such a circus between now and Nov that we should have to buy tickets)
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To: NImerc

This will not work. They will manipulate their currencies for trade advantage. China? Class? Anyone? This is a surefire train wreck.


20 posted on 04/02/2020 7:37:37 AM PDT by Lonesome in Massachussets (Forsan et haec olim meminisse iuvabit)
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