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De-DOLLARization world-wide

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Post by KneelB4Zod! on Thu Jul 30, 2020 10:23 am

Enrico Ivanov Orthodox cross
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Bye Bye Dollar! #Russia & #China speed up de-dollarization process: most trade no longer conducted in greenbacks.


https://www.rt.com/russia/496570-russia-china-dedollarisation-process/
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Post by KneelB4Zod! on Fri Aug 07, 2020 1:03 pm

KneelB4Zod! wrote:Enrico Ivanov Orthodox cross
@Russ_Warrior
·
14m
Bye Bye Dollar! #Russia & #China speed up de-dollarization process: most trade no longer conducted in greenbacks.


https://www.rt.com/russia/496570-russia-china-dedollarisation-process/

Ian56
@Ian56789
·
1m
Russia-China "Dedollarization" Reaches "Breakthrough Moment" As Countries Ditch Greenback For Bilateral Trade
https://zerohedge.com/economics/russia-china-dedollarization-reaches-breakthrough-moment-countries-ditch-greenback

_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961

"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
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Post by Slovák on Wed Aug 12, 2020 8:52 pm

China has begun preparing a "domestic circulation" strategy for the economy.
that should help them reorient the economy towards domestic consumption from exports, amid the global recession and worsening relations with the US.
The new strategy is expected to be concretized in October at a plenum of the Central Committee of the Communist Party of China, which will approve an economic plan for the period from 2021 to 2025.

https://www.interfax.ru/world/721524

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Post by guest2 on Tue Sep 01, 2020 5:45 am



De-DOLLARization world-wide - Page 6 EgzFdxHXYAAM9qv?format=jpg&name=large


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Post by KneelB4Zod! on Wed Sep 02, 2020 3:36 pm

zerohedge
@zerohedge
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Former Central Banker: "The World Is Heading Towards A New Monetary System That Incorporates Gold"


https://www.zerohedge.com/commodities/former-central-banker-world-heading-towards-new-monetary-system-incorporates-gold

_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961

"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
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Post by guest2 on Thu Sep 03, 2020 9:21 pm



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Post by Slovák on Sat Sep 05, 2020 2:04 pm

Russia's growing gold and foreign exchange reserves in recent years make the country virtually invulnerable to new sanctions from the West, which it threatens to impose because of the situation around Alexei Navalny, according to an article published in the newspaper Die Welt:
http://go.tass.ru/XkL3.

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Post by KneelB4Zod! on Sun Sep 06, 2020 2:32 am

AS-Source News
@ASB_Breaking
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2m
‘I don’t like saying it, but something will replace the US dollar’: American Investor Jim Rogers says century of USD reign is ending

_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961

"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
KneelB4Zod!
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Post by Slovák on Wed Sep 30, 2020 4:05 pm

Don’t expect the Fed, focused more on supporting equity and bond markets than on leaning against inflation, to save the day. The dollar’s decline has only just begun."
the Federal Reserve will exacerbate the rapidly destabilizing savings and current-account imbalances with its zero percent interest rate policies and its “average 2% inflation” targeting. In simple terms, the Fed is committed to holding interest rates low, even if inflation gets hot.

the federal budget deficit exploding towards 16% of gross domestic product this financial year, according to the Congressional Budget Office, … the current-account deficit is widening. It came in at 3.5% of GDP in Q2

three factors he thinks will ultimately doom the dollar: the rapid deterioration in macroeconomic imbalances in the United States,the ascendancy of the euro and renminbi as alternatives, and the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era.” … the confluence of an erosion in domestic savings and the current account deficit “nothing short of staggering.”
https://www.zerohedge.com/markets/yale-economist-warns-looming-dollar-collapse



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Post by KneelB4Zod! on Mon Oct 05, 2020 11:07 pm


_________________
"This is not a new world, it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super-states that preceded it, it has one iron rule: logic is an enemy and truth is a menace." - "The Obsolete Man" - The Twilight Zone, 1961

"I assure you, ladies and gentlemen that, very soon history will show that we and our allies have fought a war on behalf of the whole world against terrorism supported by governments that will be held accountable by its own people..."
Quoting Dostoyevsky:
"Rest assured, hell is big enough for all. It doesn't deserve this fierce competition over who will be the worst." - Dr. Bashar Jaafari, UNSC session, 22nd of February, 2018
KneelB4Zod!
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