Trump Indicted. Again.Posted By Rod Kaufman |
From a recent article in the Business Insider:Originally Posted by Greg ShafferAhh so those links have nothing to do with what I was talking about then.....no surprise there.
China and Russia have a whole different tact now, I guess those links are old news.....
They are well into the process of a joint effort to devalue the US dollar.....ie bringing about the devaluation of the dollar as the global reserve currency. If they are successful Trump will be the last thing on anyone's mind. The threat is real and ongoing....
"Here's why experts say Russia and China's attempts to 'de-dollarize' global markets are going nowhere"
"Russia's attempts to combat the supremacy of the US dollar are unlikely to work, experts say, even as the country cozies up to China in a move to to challenge the greenback with an alternative reserve currency."
"...one of Russia's chief problems is that its economy is inherently tied to the dollar through its oil trade. Crude oil is one of Moscow's main revenue sources, and transactions are widely denominated in the US currency."
"A report from the Carnegie Endowment for International Peace claimed that the yuan wasn't a threat to the greenback, as the yuan's internationalization requires dollar reserves to keep it stable."
https://markets.businessinsider.com/news/currencies/dollar-dominance-russia-china-us-currency-wars-ruble-yuan-trade-2023-2
