1/3 1/2 Fox Business
Brazil, China strike trade deal agreement to ditch US dollar
3/30/23
“Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions.
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. ...”
https://www.foxbusiness.com/markets/brazil-china-strike-trade-deal-agreement-ditch-us-dollar
2/3 Zee News Rupee To Replace Dollar? Indian Money Nearer To Become International Currency — Check List Of Countries [18] Agreed To Trade In INR
3/17/23
New Delhi: India has been attempting to internationalise the rupee for a long. Nowadays, currencies like the US dollar, Euro, Japanese yen, British pound, and to a lesser extent, the Chinese yuan, can claim to be a global reserve currency. But, the latest report suggests that India has made tremendous progress towards giving the rupee this status.
The latest report says that as more nations try to de-dollarize international trade, the Indian rupee is getting closer to becoming a recognised currency. The opening of 60 special rupee vostro accounts in 18 countries, including Russia and Sri Lanka, has been authorised by India’s central bank, the RBI, in order to facilitate the smooth operation of international trade in INR. ...
List of countries allowed to trade in Indian rupees
- United Kingdom
- Malaysia
- Russia
- Singapore
- New Zealand
- Sri Lanka
- Myanmar
- Botswana
- Israel
- Fiji
- Oman
- Germany
- Kenya
- Guyana
- Mauritius
- Seychelles
- Tanzania
- Uganda
3/3 Trending Politics
India Abandons US Dollar In Trade Deal With Malaysia
4/1/23
https://trendingpoliticsnews.com/india-abandons-us-dollar-in-trade-deal-with-malaysia-paub/
The Plan is working. The cabal whose objective is the destruction of the USA is succeeding, thanks to America’s useful idiots. America is being destroyed from within—and also from without.
your usual America-hatred is starting early today
When the strongest economy in the world is still the U.S. (despite Biden and democrats), and Russia is a third-world economy and China is still far behind the U.S., those countries are fooling themselves if they believe that there’s a new world order.
I guess India and Brazil can patrol their own relative shipping lanes on the open sea.
Honey, there’s a crack in the windshield.
There are going to be a lot of dollars “coming home.” Just a few at first. Then a trickle. Then there will be a rush to get out.
It’s not happening because of India and Bangladesh. Nor because of Brazil. But each pair adds to more dollars being sold.
And we thought inflation was bad last year. If the trickle turns into a stream…things could turn quickly.
These countries just need a decent currency to run to.
They do not want to be dragged down with us.
Printing vast quantities of money has consequences.
Dollar was once backed by Gold.
Than it was backed by its own wealth created by its domestic free-market capitalism.
Than American free-market capitalism went global, and dollar became global currency of global trade that required all nations to trade internationally using only dollar. It allowed USA to print dollars to sustain its welfare state, provide bail-outs to its sinking industries, create soft-landing for its over-valued economy and business cycles, create wealth by pumping up its stock markets using its monetary policies - When democrats championed ‘you did not build or create your wealth by your own merit and hard work’, he was not entirely wrong. Left’s policies to distribute wealth was not entirely re-distribution of wealth, but wealth amassed by printing dollar backed by trade done by other nations.
Biden destroyed that world-order by weaponization of dollar and global trade. He thinks he can build it better, and to do that, he thinks he must destroy it first. He is not content with petty, subtle and incremental power-grabs. He is going big. He wants it to be sweeping, dramatic and of global proportions. His political platform is way beyond national and nation-first. And he is alarming nations that have vested interest in multi-polar world order built on independence and sovereignty of nation-states
When one side or the other ends up holding worthless paper for their goods, that’s how wars start and trade stops. This abandonment of the US dollar will do more for neo isolationism that the election of an all Republican Congress.
As I write this, the US Dollar is trading at 102.285, against a basket of foreign currencies.
Except for a sharp spike to 112.1 in June 2022, the USD is still trading at a 21 year high.
I do not understand why other exporting countries want to crash the US Dollar.
The USA buys more foreign goods than any other nation in the world.
If the USD crashes, our purchase of foreign goods will crash, too.
Bkmk