Posted on 03/31/2023 6:36:20 AM PDT by SeekAndFind
What could go wrong? You elect a leftist in Brazil, China comes calling and the U.S. president is too busy with what he calls equity. Well, the Brazilians sing you a samba called "adeus norte-americano" or goodbye, North American. Yes, nice knowing you and your "Dinheiro" (money) but we are turning "chinês" (chinese). To paraphrase that song from the 1980s, Brazil is turning Chinese -- I really think so.
Well, here is the story:
The deal, announced Wednesday, will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais -- or vice versa -- rather than first converting their currencies to the U.S. dollar.
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) said the new arrangement is expected to "reduce costs" and "promote even greater bilateral trade and facilitate investment."
China is Brazil’s largest trading partner, accounting for more than a fifth of all imports, followed by the United States, according to the latest figures. China is also Brazil’s largest export market, accounting for more than a third of all exports.
China overtook the United States as Brazil’s top trading partner in 2009. Today, Brazil is the largest recipient of Chinese investment in Latin America, driven by spending on high-tension electricity transmission lines and oil extraction.
Officials from both countries reached a preliminary agreement to ditch the U.S. dollar in January and the deal was announced after a high-level China-Brazil business form in Beijing.
Brazilian President Luiz da Silva, sworn in on January, has moved to strengthen ties with Beijing after a period of rocky relations under his predecessor, Jair Bolsonaro, who used anti-China rhetoric on the campaign trail and in office.
(Excerpt) Read more at americanthinker.com ...
Down in Argentina, China is learning to tango quickly: "Argentina and China formalize currency swap deal."
Beyond trade and currency, this is a slap in the face because other countries will see this as China rising and the U.S. falling. That's exactly the image that China wants to project to the Third World. In other words, China is the future and Washington is the past.
During the campaign, we were told that the smart people had to replace the crazy Trump. We needed Biden's experience to work out all these foreign policy issues. So far, it looks like the only smart people here are the Chinese.
The world’s largest economy in the future will be China.
The west is bankrupt.
No surprise here.
Business is important. Getting along with your best customer is very important.
President Lula is the Brazilian version of a communist
RE: The west is bankrupt.
Well, China is just about as bankrupt as the west too.
China has been slowly trying to insert that Yuan as the alternative global currency. The success you see is after many years of work and weakness from the US.
The BRICS nations have greater output than the G-7. This will continue and it will result in the dollar being dropped as the world’s reserve currency.
Our economy will collapse and the left will implement their single digital currency for all western aligned nations.
As your dollar loses value, they will offer you 150% of its value if you switch to the new digital currency.
Game, set, match. WEF wins.
Pretty much the entire world is bankrupt.
If the US shuts down most trade with China it will take 18% out of their GDP and collaps their economy. “...The size of China’s debt problem is truly staggering. At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China’s economy as measured by the country’s gross domestic product...” https://www.forbes.com/sites/miltonezrati/2023/01/16/chinas-overwhelming-debt-burden-points-to-still-deeper-problems/?sh=1ed981614433
“As your dollar loses value, they will offer you 150% of its value if you switch to the new digital currency.”
More like you’ll pay 10% service fee.
“almost three times the size of China’s economy”
I saw a figure for the US of 372% on a google search.
the Chinese economy has in effect already collapsed or is continuing to collapse.
The banking system is in chaos. People can’t withdraw their deposits. Unemployment is rampant and growing. Businesses by the tens of thousands are bankrupt. Workers are not paid and some are going unpaid for as long as 16 months.
All of this is without American Input
“You elect a leftist in Brazil”
It’s not who votes that counts it’s who counts the votes that matters.
—> If the US shuts down most trade with China it will take 18% out of their GDP and collaps their economy.
It won’t.
Brazil was Biden's gift to the Chinese Communist Party, in exchange, of course, for millions of dollars in bribes to the Biden family.
This would never have happened with Bolsonaro. And it was the US that messed with their elections and made sure he wouldn’t be elected, although, like Trump, he probably actually was elected.
The key question is which side, China or the West, is better able to make necessary course-corrections.
The West is a hopeless woke mess. So I cannot choose them. What about China? They are, in general, more pragmatic. But they’ve got internal problems.
Overall, I’ve got to give the edge to China.
Biden is a weak man, set in place by Obama/Soros to destroy America. China is digging it since they bought off Biden.
My in-laws, all dim-witted New England Leftists, are pronouncing that Trump should be in prison for like (they watch Morning Joe and The View). I mentioned “What about Biden taking bribes from China?” Now they won’t speak to me. Good.
They love them some Communist Dictatorship
China got their money’s worth out of the few millions paid to Biden.
Half the right doesn’t care about foreign policy anymore either, unless that policy is handing the rest of the world to the commies on a silver platter.
“To paraphrase that song from the 1980s,”
The song from the 80s was ‘Turning Japanese’ — The Vapors
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