Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Russian banks say they've run out of yuan as Chinese firms pull away from the nation
Business insider ^ | 6th September 2024 | Jennifer Sor

Posted on 09/07/2024 5:50:30 PM PDT by Cronos

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-36 next last
Hmmm...
1 posted on 09/07/2024 5:50:30 PM PDT by Cronos
[ Post Reply | Private Reply | View Replies]

To: Cronos

hope they don’t hit a BRICS wall.


2 posted on 09/07/2024 5:51:24 PM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world or something )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cronos

US DISINFO is a thing.


3 posted on 09/07/2024 5:53:35 PM PDT by jdt1138 (Where ever you go, there you are.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: teeman8r

I guess it has nothing to do with the government.


4 posted on 09/07/2024 5:53:58 PM PDT by DIRTYSECRET
[ Post Reply | Private Reply | To 2 | View Replies]

To: jdt1138

“US DISINFO is a thing.” Dito

Hard to miss - obvious.


5 posted on 09/07/2024 6:06:16 PM PDT by paulk ( If one fails to learn self discipline, Don't worry; there will be others to boss you around. -kps )
[ Post Reply | Private Reply | To 3 | View Replies]

To: jdt1138

Indeed trade has rapidly escalated between Russia and China.

The trade war with China preventing NVIDIA and ASML and so on from sending high end chips to China that spooks the NASDAQ down every day IMHO.


6 posted on 09/07/2024 6:07:05 PM PDT by Nextrush (FREEDOM IS EVERYBODY'S BUSINESS-REMEMBER REV. NIEMOLLER)
[ Post Reply | Private Reply | To 3 | View Replies]

To: jdt1138

Remember when they were a 2nd world country and then they fell apart and then they started a war they couldn’t afford?


7 posted on 09/07/2024 6:11:44 PM PDT by Farmerbob
[ Post Reply | Private Reply | To 3 | View Replies]

To: DIRTYSECRET

—”I guess it has nothing to do with the government.”

Or the ruble trading at 90 to the dollar in an artificial market.

No one wants to be holding rubles as they lose value.

This situation appears beyond the NO LMITS FRIENDSHIP.

FEAR NOT!
PRESIDENT Xi will be more than happy to accept Outer Manchuria in exchange and at a very good price too, for anything China has on offer.

And everyone already understands that Bolshoy Ussuriysky and Tarabarov have always been part of China.

Not to worry.


8 posted on 09/07/2024 6:18:06 PM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Farmerbob

—” and then they started a war they couldn’t afford?”

Worse than that!

They failed to read their own intel reports suggesting they pencil in considerably more time than three days for the conquest of Ukraine.


9 posted on 09/07/2024 6:23:30 PM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
[ Post Reply | Private Reply | To 7 | View Replies]

To: teeman8r

Just what I was going to say. So much for BRIC.


10 posted on 09/07/2024 6:31:45 PM PDT by Bookshelf
[ Post Reply | Private Reply | To 2 | View Replies]

To: Allegra; AndyJackson; ANKE69; bimboeruption; Candor7; Carriage Hill; C210N; Cold_Red_Steel; ...

💥PING!


11 posted on 09/07/2024 6:32:23 PM PDT by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cronos

Meanwhile…

#Ukraine shot itself in the foot. When Zelensky ordered to bomb bridges and water purifying station in Kursk he forgot that rivers flow towards 🇺🇦
When the purifying station was destroyed by 🇺🇦 the dirty water eventually reached Dnepr and will get to #Kyiv in a few days.

https://x.com/arthurm40330824/status/1832423086257328515?s

Vid at link


12 posted on 09/07/2024 6:37:10 PM PDT by aMorePerfectUnion (🦅 MAGADONIAN ⚔️ )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cronos

I doubt this story, China needs Russian oil.


13 posted on 09/07/2024 6:40:47 PM PDT by Robert DeLong
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bookshelf

BRICS was always a scam. PR fluff and nothing but fluff. For one thing China and India are geo-strategic enemies - why would we ever think they’re in cahoots?


14 posted on 09/07/2024 6:40:53 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Cronos

“Russian banks say they’ve run out of yuan as Chinese firms pull away from the nation”

>>>>>>>>>>>>>>>>>>>><

Yes, this is being confirmed everywhere now. Looks very bad for Russia.
And to top it all they are at about 10% inflation rate right now., expected to increase to 12% soon.
And they have burned through half of their liquid assets.

The implosion of Russia has begun.


15 posted on 09/07/2024 6:41:14 PM PDT by USA-FRANCE
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert DeLong

Sure China needs oil, but China can buy from a lot more places than Russia can easily sell to. That gives China by far the stronger hand to pay Russian a few kopeks on the ruble.


16 posted on 09/07/2024 6:42:41 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
[ Post Reply | Private Reply | To 13 | View Replies]

To: aMorePerfectUnion

Meanwhile you are trying to change the topic which is about Putin’s economic disaster


17 posted on 09/07/2024 7:55:39 PM PDT by Cronos
[ Post Reply | Private Reply | To 12 | View Replies]

To: Robert DeLong

China does not NEED Russian oil. They have a number of suppliers happy to sell to them, like Iran. However Putin has been selling Russian oil at a 40% discount and accepting payments in Chinese yuan.

China will make a simple deal: Putin to hand over resources for China’s help. Vladivostok is one of those territories China sees as hers


18 posted on 09/07/2024 7:58:17 PM PDT by Cronos
[ Post Reply | Private Reply | To 13 | View Replies]

To: USA-FRANCE

I don’t think the implosion of Russia has begun. Russia in its history goes for a long time before it collapses suddenly, in months. That’s because of its autocratic style of government where everyone pretends the Tsar is wearing fine clothes until one day suddenly everyone knows the Tsar is naked.

It never is gradual in Russia’s case.

Democracy allows for a gradual decline, even a flawed democracy will have a slow implosion.

An autocratic governance implodes suddenly and that’s Putin’s style of governance


19 posted on 09/07/2024 8:02:27 PM PDT by Cronos
[ Post Reply | Private Reply | To 15 | View Replies]

To: Cronos

What time is it in Poland?


20 posted on 09/07/2024 8:20:08 PM PDT by bimboeruption (“Less propaganda would be appreciated.” JimRob 12-2-2023)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-36 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson