- 27 Jul 2023 18:37
#15281155
Tainari, you are correct. The dollar is on its way down now that loads of other countries are using their own currency.
Here is a report based on a Wall Street Journal report from a year ago. The U.S./NATO war on Russia via Ukraine is what precipitated all of this. And it's been fun to observe the changes in real time towards multipolarity. This is a fun report and amusing too for anyone who is not a fan of the declining Empire.
Some of the stuff we learn in the above report since last year:
India and Pakistan bought millions in (discount) oil and wheat from Russia in rupees.
Saudi Arabia is selling oil to China in yuan.
Other stuff that happened in this very welcome saga:
Israel, of all fake-states, has lowered the U.S. dollar reserves and embraced the yuan.
Lula in Brazil is moving towards a Latin American currency.
Russia replaced Saudi Arabia to become India's second biggest oil supplier.
Things are not looking good at all for the dollar's (near) future. But the usual suspects, as usual, want to pretend it's not happening because of course they don't put this kind of news on CNN...
As of Feb 2023, the top 7 most sanctioned countries are:
14,081 sanctions on Russia
4191 sanctions on Iran
2643 sanctions on Syria
2133 sanctions on the DPRK
1155 sanctions on Belarus
806 sanctions on Myanmar
651 sanctions on Venezuela
Here is a report based on a Wall Street Journal report from a year ago. The U.S./NATO war on Russia via Ukraine is what precipitated all of this. And it's been fun to observe the changes in real time towards multipolarity. This is a fun report and amusing too for anyone who is not a fan of the declining Empire.
Some of the stuff we learn in the above report since last year:
India and Pakistan bought millions in (discount) oil and wheat from Russia in rupees.
Saudi Arabia is selling oil to China in yuan.
Other stuff that happened in this very welcome saga:
Israel, of all fake-states, has lowered the U.S. dollar reserves and embraced the yuan.
Lula in Brazil is moving towards a Latin American currency.
Russia replaced Saudi Arabia to become India's second biggest oil supplier.
Things are not looking good at all for the dollar's (near) future. But the usual suspects, as usual, want to pretend it's not happening because of course they don't put this kind of news on CNN...
Rancid wrote:Which nations is the US sanctioning, what is their GDP, how integrated are they with the global economy, do these same nations rely on the US's protection of global trade?
Can things change? Yes... Are we at the verge of a change? Yes. Is the dollar going to be dethroned soon? no... not all.
As of Feb 2023, the top 7 most sanctioned countries are:
14,081 sanctions on Russia
4191 sanctions on Iran
2643 sanctions on Syria
2133 sanctions on the DPRK
1155 sanctions on Belarus
806 sanctions on Myanmar
651 sanctions on Venezuela
Free Palestine.