By Jerry PDX
thursday, march 30, 2023 at 12:37:00 p.m. edt
china and brazil ink a deal to use the yuan and bypass the petro dollar:
https://www.breitbart.com/asia/2023/03/30/brazil-inks-deal-use-yuan-not-dollar-trade-china/
How long before other countries follow suit, and help with china’s ascent to becoming the dominant world economic power?
The big banks aren’t going to be too happy about this, but levering a President like Trump out of office and replacing him with a doddering old fool like Biden didn’t help things.
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2 comments:
The threat of a dollar collapse has been predicted for this year at some point.The fundamentals are starting to take shape with stories like this one.If your currency declines,the price of everything you buy should explode higher. I watch the dollar index(DXY)as an indicator of traders pricing in future moves from other countries acting like Brazil did. If that happens,watch out for economic armeggedon.
-GRA
Gonna be much of same. BRICS league going big time now and part because of the Ukraine Conflict.
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