VCheng
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Ending dollar dominance in world market | Updates
- Thread starter Muhammed45
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As do the RT articles manufacturing this alternative universe for you to live in.Threads like this have their own entertainment value.
Chat SAMOSA
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Goodness ! This is from 2017 , this thread. Guess defence.pk can become the official source of failed attempts at dethroned the USD.
To take this seriously for just a moment:
1. Chinese yuan pegged to gold will be disastrous for China. They can control yuan with reserves now but imagine also dealing with bullion volatility
2. Nobody including g CCP know how much of the regional and sectoral state owned banks' "targeted" loans are bad. Are Russia and Iran so desperate to fly blindly into it?
It took XI more three years to get off his temper tantrum and let Chinese owned listed companies to submit full data to American auditors. This only after the American exchanges pulled the trigger on delisting Chinese companies. CCP wi have to do something similar with China's budgets if they want to elevate status if yuan.
To take this seriously for just a moment:
1. Chinese yuan pegged to gold will be disastrous for China. They can control yuan with reserves now but imagine also dealing with bullion volatility
2. Nobody including g CCP know how much of the regional and sectoral state owned banks' "targeted" loans are bad. Are Russia and Iran so desperate to fly blindly into it?
It took XI more three years to get off his temper tantrum and let Chinese owned listed companies to submit full data to American auditors. This only after the American exchanges pulled the trigger on delisting Chinese companies. CCP wi have to do something similar with China's budgets if they want to elevate status if yuan.
VCheng
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Funnier than all of that are the fervent believers that keep making threads on PDF based on that pile'o'steamin'crap.
VCheng
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Been 5 year since article was written and dollar is strengthening against all other currencies as we speak
For such a dead currency, surely this "strength" means the onset of rigor mortis.
925boy
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...NOT THE ROUBLE!!Been 5 year since article was written and dollar is strengthening against all other currencies as we speak
Muhammed45
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I have said this a few years ago, as it seems i shall repeat it again.
Russia has to drop dollar as a reserve currency or for its bilateral transactions with other countries esp its potential allies/FriendlyCountries. Iran is in the same situation but China, it will take some time for China to be prepared and also to tolerate its grave consequences. China has conducted mega projects such as OBOR, CPEC, etc just to prepare itself. The most important matter for Chinese is energy security to take on the American global dominance in the world market.
It is true that China-US trade volume is hundreds of billions of dollars but the NATO advancing towards Chinese borders is convincing the Chinese to fight American dominance on every front. The blade of sanctions is always threatening Chinese throat, the trade with west even if trillions of dollars is not worth living under western threat.
As for the trolls, it took decades to replace British currency and to eliminate its dominance, it will take long to do the same with dollar. Don't derail the thread, it is on its way.
Russia has to drop dollar as a reserve currency or for its bilateral transactions with other countries esp its potential allies/FriendlyCountries. Iran is in the same situation but China, it will take some time for China to be prepared and also to tolerate its grave consequences. China has conducted mega projects such as OBOR, CPEC, etc just to prepare itself. The most important matter for Chinese is energy security to take on the American global dominance in the world market.
It is true that China-US trade volume is hundreds of billions of dollars but the NATO advancing towards Chinese borders is convincing the Chinese to fight American dominance on every front. The blade of sanctions is always threatening Chinese throat, the trade with west even if trillions of dollars is not worth living under western threat.
As for the trolls, it took decades to replace British currency and to eliminate its dominance, it will take long to do the same with dollar. Don't derail the thread, it is on its way.
Muhammed45
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BIG BIG news
Trends Lee Trend about 14 hours ago
South Korea and Indonesia abandon the dollar!
--
New blow to US currency’s omnipotence as South Korea and Indonesia abandon dollar for domestic payments in favor of their own currencies
The central banks of South Korea and Indonesia signed a memorandum of understanding and cooperation on Tuesday, committing the countries to use only each other’s domestic currencies in bilateral economic relations, Reuters reported.
The deal means Seoul and Jakarta will mutually renounce the dollar to reduce economic risks and support each other’s domestic currencies
The memorandum was signed by the heads of the countries’ central banks during a meeting of ASEAN+3 finance ministers and central bank governors in Incheon
Bank Indonesia will issue a card linked to its own payment system. This is part of a removal program from Visa and Mastercard
hellas.postsen.com
South Korea and Indonesia abandon the dollar!
Trends Lee Trend about 14 hours ago
South Korea and Indonesia abandon the dollar!
--
New blow to US currency’s omnipotence as South Korea and Indonesia abandon dollar for domestic payments in favor of their own currencies
The central banks of South Korea and Indonesia signed a memorandum of understanding and cooperation on Tuesday, committing the countries to use only each other’s domestic currencies in bilateral economic relations, Reuters reported.
The deal means Seoul and Jakarta will mutually renounce the dollar to reduce economic risks and support each other’s domestic currencies
The memorandum was signed by the heads of the countries’ central banks during a meeting of ASEAN+3 finance ministers and central bank governors in Incheon
Bank Indonesia will issue a card linked to its own payment system. This is part of a removal program from Visa and Mastercard
South Korea and Indonesia abandon the dollar!
New blow to US currency’s omnipotence as South Korea and Indonesia abandon dollar for domestic payments in favor of their own currencies The central banks of South Korea and Indonesia signed a memorandum of understanding and cooperation on Tuesday, committing the countries to use only each...
Muhammed45
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France, Brazil plan to abandon Dollar in trade settlements
As noted by the Turkish publication, Haber7, Turkiye’s successful example in moving away from the Dollar in international markets is pushing Brazil and France to follow the same path, RIA Novosti reports
The publication reads that the French leader Emmanuel Macron declared the need to move away from the Dollar and not depend on its extraterritoriality after the Head of Brazil, Lula da Silva, had done the same.
As reported, the statements of the leaders of Brazil and France speak of the need for de-dollarisation and the global rejection of this currency.
www.sb.by
As noted by the Turkish publication, Haber7, Turkiye’s successful example in moving away from the Dollar in international markets is pushing Brazil and France to follow the same path, RIA Novosti reports
The publication reads that the French leader Emmanuel Macron declared the need to move away from the Dollar and not depend on its extraterritoriality after the Head of Brazil, Lula da Silva, had done the same.
As reported, the statements of the leaders of Brazil and France speak of the need for de-dollarisation and the global rejection of this currency.
SB news
As noted by the Turkish publication, Haber7, Turkiye’s successful example in moving away from the Dollar in international markets is pushing...
www.sb.by
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