https://twitter.com/thepreparedhom1/status/1642292385563439106
The Prepared Homestead - @ThePreparedHom1
Weekly Recap
1) ๐ธ๐ฆ Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
2) ๐จ๐ณ China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades.
3) ๐จ๐ณ China and Brazil to settle trades in their own currencies, ditching the US dollar.
4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says.
5) ๐ธ๐ฆ Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion).
6) ๐ฐ๐ช Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars.
7) ๐ฐ๐ช President of Kenya tells citizens to get rid of US dollars.
8) Association of Southeast Asian Nations considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements.
9) ๐ธ๐ป El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
10) ๐บ๐ธ US Senator Elizabeth Warren launches “anti-crypto” re-election campaign.
11) ๐ฎ๐ณ India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says.
12) ๐จ๐ณ Chinese yuan surpasses the euro to become Brazil’s second-largest currency in foreign reserves.
13) ๐บ๐ธ US government to sell 41,500 #Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year.
14) ๐ญ๐ฐ Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub.
15) #Binance and CEO sued by US CFTC over alleged regulatory violations
16) ๐บ๐ธ US Social Security funds are projected to run out by 2033, Reuters reports.
17) ๐ซ๐ท 5 major banks raided by French authorities in โฌ100 billion fraud investigation
18) ๐บ๐ธ Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse.
19) MicroStrategy purchases an additional 6,455 #Bitcoin ($150 million).
20) ๐บ๐ธ President Biden says the banking crisis is “not over yet.”
21 )๐ธ๐ฆ Saudi Arabia agreed to join the Shanghai Cooperation Organization as a dialogue partner. A China led security bloc.
22 ) We learned that the BRICS reserve currency could be potentially backed by gold and other commodities, such as rare-earth elements.
23 ) NATO to fully adopt Finland
24 ) ๐ญ๐บ Hungaryโs Prime Minister states NATO close to decision on sending peacekeeping troops to Ukraine.
25 ) ๐ฐ๐ต North Korea announced they will be sending 50,000 troops to Ukraine to fight along side with Russian troops.
26 ) ๐ท๐บ Putin signed decree to conscript 147,000 troops of next 3 months.
27 ) ๐ฐ๐ต Satellite imagery shows increased activity at main North Korean nuclear site.
28 ) Bank deposits fell 126 billion this past week. 225 billion since the banking crisis started.
29 ) Mammals in California and Oregon test positive for H5N1 bird flu.
30 ) 33 tons of gold were withdrawn from JP Morgan vaults this week.
31 ) 4.8 million ounces of silver sold from the COMEX this week.
This has all happened within seven days.
Yep...now let's look at how much global debt is denominated in US dollars.
The BRICS efforts are small, not well systematized, and laughable when compared to the US dollar (Eurodollar in their verbiage).
Don't get me wrong. Debt-based money is of Satan, but it is the way it is.
The US dollar will strengthen in the months ahead, like it already has over the last few years.
Now we know they were lying to us - they simply don't care what happens to the US, they just want to stick it to Russia, and they're failing at that too! LOL.
Great recap