The unilateral sanctions the United States has imposed on countries all across the planet, in flagrant violation of international law, are backfiring. Just two days before China and Brazil revealed their deal to trade in local currencies, the South American giants former President Dilma Rousseff officially assumed her new role as chief of the New Development Bank (NDB) in Shanghai. Why did you try sneaking into any country and see how that works out for you ! Credit: (photo: MicroStubHub/iStock by Getty Images). New Global Currency Designed to Ditch US Dollar Coming From BRICS Mapped: U.S. Explained: What Is Dedollarisation & Why Are Countries Dumping - MSN Prices just dropped on gold and silver. Will it be the yen, the euro or even the rupee? The infographic above uses data from Incrementum AG and Crescat Capital LLC to show the relationship between commodities and U.S. equities over the last five decades. The media outlet added that Indonesias central bank plans on creating a local payment system as well. H.E. China, the emerging and competing empire, has already started the process of dumping the American dollar in a careful and coordinated fashion. Your email address will not be published. The report quoted the chairman of the Shanghai Petroleum and Natural Gas Exchange, Guo Xu, who said the deal encouraged multi-currency pricing, settlement and cross-border payment. Well look at South Africa after Mr. Mandela.. all respect to this great man. A CBDC properly backed by this public blockchain can provide the underlying value. Is this the beginning of the end for the US dollar? - The Post - UnHerd It doesnt need to be backed by gold or silver. ?/ so u can spend 1 trilion every year for defence?? . "[15], In April 2022, four European gas companies made trade payment settlements in rubles. Chinese President Xi Jinping visited Moscow, national currencies are increasingly used in bilateral trade, Beijings attempts to undermine the US dollar, Latin America to develop a new currency for regional trade, struggle between neoliberalism and socialism, Malaysia to continue depending on the dollar. Language links are at the top of the page across from the title. Once the new system is in place, our dollar won't be needed in these countries and a new reserve currency will come into being. Dedollarisation - Wikipedia i think one day we will evolve to the point where value will not be money but something else.. All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. Perus coup-plotting congress has 6% approval, 91% disapproval (but full US backing), Brazils Lula travels to China and calls to end US dollar dominance, Mexicos AMLO calls out US oligarchy at Bidens democracy summit, Mexico is not a US colony!: AMLO condemns invasion threats, celebrates nationalization of oil, lithium, Taiwan separatists lose key ally, Honduras recognizes China just 12 small countries remain, Europe pays more for banned Russian oil, resold by India as EU wages fall, US corporations cash in on Ukraines oil and gas, Russia leaves neoliberal West to join World Majority Economists Radhika Desai and Michael Hudson explain.
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list of countries dumping the us dollar
