Posted on 03/19/2022 1:10:19 PM PDT by marcusmaximus
A senior Chinese government official said on Saturday that sanctions imposed by Western nations on Russia over Ukraine are increasingly "outrageous".
Vice Foreign Minister Le Yucheng also acknowledged Moscow's point of view on NATO, saying the alliance should not further expand eastwards, forcing a nuclear power like Russia "into a corner".
China has yet to condemn Russia's action in Ukraine or call it an invasion, though it has expressed deep concern about the war. Beijing has also opposed economic sanctions on Russia over Ukraine, which it says are unilateral and are not authorised by the U.N. Security Council.
"The sanctions against Russia are getting more and more outrageous," Le said at security forum in Beijing, adding that Russian citizens were being deprived of overseas assets "for no reason".
(Excerpt) Read more at usnews.com ...
This from the Social Credit nation.
There’s a reason: it’s to discredit US dollars as a reserve currency, ensuring its collapse. Which is what the enemies of the US, unfortunately currently at its helm, seek to do.
Because they know what’s in store for them if they do something stupid in the South China Sea.
The world has indeed taken note of the western ability to completely destroy another countries economy.
Globalism may be in for an upgrade by the press of nations seeking insularity or competition in the financial systems.
The world doesn’t like bullies. Nobody likes a big guy beating up a little guy.
The Chinese will tell Joe Biden and John Kerry anything they want to hear. However in the final analysis China does what is best for China. China needs oil and energy to produce food and keep its economy working. Russia needs markets for its oil, natural gas and fertilizer. Both India and China need food. Brazil grows surplus food if it can get reasonably priced fertilizer and energy. South Africa has minerals and also needs oil and sometimes must import food and fertilizer. It is therefore easy to see how these five countries have become a mutually beneficial trading bloc. Their leaders ultimately do what is in the best interests of their country’s well being and prosperity. Unlike the green lunatics that now govern the EU, Canada and the US, they have not joined a suicide pact.
Russia has been badly hurt and weakened by Putin’s catastrophic decision to wage war on Ukraine. However given the self economic mutilations going on in the United States and Europe, would not count post Putin Russia out.
[There’s a reason: it’s to discredit US dollars as a reserve currency, ensuring its collapse. Which is what the enemies of the US, unfortunately currently at its helm, seek to do.]
There’s another big issue - the country with the biggest economy naturally has the biggest currency exchange volumes. That makes its currency exchange trades the ones with the lowest bid-ask spreads. If you use a different currency, one party has to be willing to accept the additional costs from that arrangement. If the Saudis are willing to accept a lower price from the Chinese, or the Chinese are willing to pay a higher price, maybe this will work out to everyone’s satisfaction.
But someone in there is getting the short end of the stick vs working with the dollar. The real bottom line is that people use the dollar not because they like Americans. They use the dollar for the same reason they use iOS or Android phones - they offer the most bang for the buck. Whether operating system or currency, their association with the US has only the barest relationship to the reason people use them.
The dollar is the reserve currency of choice for two reasons - the size of the economy and the fact that unlike Japan, Germany and Switzerland, we don’t charge people interest to park their reserves in dollars to discourage them from doing so. The yuan will *never* be a reserve currency. They don’t want the trade deficits, and no one trusts them.
The Chinese king (Trump’s verbiage in frank conversation with Xi) wiped out $100b is American stockholder value by declaring for-profit education companies non-profits. I wouldn’t trust Xi with the loose change from a trip to the grocery store, never mind a nation’s forex reserves.
The Globalists can make you an un-person if you displease them.
They can do it to Russia they can do it to you.
Don’t support the people who use economic warfare against individuals.
This isn’t hard. Don’t support Cancel Culture.
Horse hocky.
Ukraine is not in NATO and has said they will not be in NATO.
Estonia and Latvia are both NATO, both are on the Russian border just like Ukraine, only slightly to the north.
Lithuania is NATO and is about 120 miles from the Russian border.
Absolutely none of that has or is changing.
There is no "expansion of NATO" towards Russia but Russia is damn sure expanding towards NATO.
China's Vice Foreign Minister Le Yucheng is yelping loud enough that it is clear the sanctions are and will continue to have a significant effect.
If China and Russia want the sanctions lifted then Russia need to get OUT of Ukraine.
👍🏼
Chinese flip flopping compared to earlier this week
Yup. BRISC is not a suicide pact.
“Lithuania is NATO and is about 120 miles from the Russian border.”
No, it borders Russia at Kaliningrad, as does Poland. That’s why Putin’s “justification” for going to war against Ukraine because it doesn’t want a NATO country on its border is bullsh!t.
去死吧
Because they know what’s in store for them if they do something stupid in the South China Sea.
- - - - - - -
I’m not sure the U.S. can do much against China given their ability to end the dollar.
Well how about that!
It is just not very noticable on a map of the general area.
https://www.google.com/maps/@55.3067482,29.0497081,6.6z
I did find it and sure enough, that is Russian territory.
Mr. Putin and the Chinese need a new shtick for the prog media.
.
Why shouldn’t they?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.