Alfredo Jalife-Rahme
A
The death rattles of the unipolar neoliberal globalism of the Anglosphere are rising in full financial distress. Speculative finance (https://bit.ly/42G4DE6) live their “Minsky moment (https://bit.ly/2OzjVZf)”, while the neoliberal globalist and unofficial spokesman for the Rothschild bank, the Khazarian (https://amzn.to/2MR0PfM) Gideon Rachman, grieves over de-dollarization: “alternatives to the dollar as a global currency (https://on.ft.com/3nbNeCT)”. The gradual replacement of the dollar comes from the side of a yuanization
: adoption of the yuan, the Chinese currency, by most of the global south (https://bit.ly/3JYF6Pd).
Russia is getting ready to adopt the yuan in its trade dealings, as Putin announced after his fruitful talks with his counterpart Xi: We are in favor of the use of the Chinese yuan among Russia’s arrangements with the countries of Asia, Africa and Latin America (megasic!)
. Two thirds of the trade between Moscow and Beijing – with a record of 200 billion dollars gracias
to the sterile sanctions of the West – are done in yuan and rubles, leaving out the once-omnipotent dollar. Today the cash is king
and China holds the first place in reserves with 3.4 trillion dollars – which would have much more if those of Hong Kong are added for almost 500 billion dollars. Despite the sanctions and the stripping of its deposits in Western banks, Russia holds 633 billion dollars (sixth in the world ranking), almost on a par with India (fifth) and a little less than the US with 716 billion ( room; https://bit.ly/42mAycm) when the GDP of the BRICS exceeds that of the G7.
Russia is the eighth least (sic) indebted country in the world with 17.8 percent of its GDP, while the US is the twelfth most (sic) indebted country with 128 percent (https://bit.ly/40cjx3m). Don’t tell now after your bank nationalization
covert. China is the first manufacturing country in the world with 28.7 percent, followed by the US with 16.8 percent (https://bit.ly/3LKbeqS). It is worth noting that the hidden gold
in China and Russia “can cause global chaos (https://bit.ly/3yVGEmxx). according to Henry Chia, who handles data from last year, and which have increased massively a year later, while doubts persist in the US about the true possession of US gold in Fort Knox, as has been contested by former Texan congressman Ron Paul, who has years requesting an audit of the alleged possession of the metal by the today cornered Federal Reserve (https://cnn.it/3FKvAwn).
According to James Tweedie, the Putin-Xi summit “may herald the end of the dollar hegemony
and the EU domain (https://bit.ly/3JWw8lc). Tweedie quotes financial analyst Angelo Giuliano, who says that the Putin-Xi duo envisions in their agenda “building a new international money transfer mechanism, independent of the Western SWIFT system (https://bit.ly/3yYb5bG)”. Giuliano ponders the creation of a new currency controlled by the BRICS development bank
, propped up by a basket of the currencies of its five members and shielded by gold reserves. Giuliano did not yet find out that the BRICS bank will be mostly yuanized (https://bit.ly/3TwNisQ), taking into account the reluctance of India and Brazil.
By the way, Brazilian President Lula da Silva will visit China from March 26 to 30 with 240 businessmen (https://reut.rs/3Z4A5sy). None other than the supreme leader Ayatollah Khamenei of Iran – the world’s eleventh largest economy, despite the brutal US sanctions, with a GDP of 1.97 trillion dollars, before Brazil (12) and behind Italy (10), according to the IMF–, on the occasion of Nowruz (Persian new year), accepted that the “economy is the main weak point of the Islamic republic and to improve it, de-dollarization is prescribed (https://bit.ly/42stWt5)”. For its part, WSJ acknowledges that the Putin-Xi summit constitutes a challenge to the west
and is “closely monitored by Western countries concerned (sic) about the closer political and economic relationship between Moscow and Beijing (https://on.wsj.com/40suzRJ)”. De-dollarized hypersonic multipolarity goes!
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