The de-dollarization push is on! Russian President Vladimir Putin announced during his meeting with Chinese President Xi Jinping on Tuesday that Moscow supports the use of China’s yuan in trade with African, Asian, and Latin American nations. “We support the use of Chinese yuan in payments between Russia and countries of Asia, Africa, and Latin […]
China
Iraq ditching U.S. dollars for Chinese yuan in trade with Beijing
You can add Iraq to the list of countries at least considering dumping the U.S. dollar for the Chinese yuan. Iraq’s central bank is poised to permit trade with China to be settled in yuan rather than dollars, Reuters reported. The Iraqi central bank announced last week that it intends to allow transactions in the […]
IMF admits CBDCs would allow governments to control what people spend their money on
By now, it is clear that the concept of a central bank digital currency (CBDC) is evil. It will eventually be used as a tool to control the people to enact certain policies and guarantee that the public falls in line with what the government wants. The International Monetary Fund (IMF) essentially conceded that CBDCs […]
China indefinitely postponing release of economic data
The Chinese economy is in such a terrible state that the government is indefinitely delaying key economic data. This comes after the General Administration of Customs failed to produce important import and export data for September. Now, some of the key data metrics scheduled for this month? The third-quarter gross domestic product. Industrial production. Retail […]
U.S. military would defend Taiwan if China invaded, Joe Biden tells ’60 Minutes’
President Joe Biden’s interview with “60 Minutes” is the gift that keeps on giving. In one part of the interview, he was asked about Asia. Biden confirmed that U.S. Armed Forces would defend Taiwan in the event of a Chinese invasion. He reiterated this commitment in the interview. What is even more interesting is that […]