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Tag Archives: china
De-dollarization Has Begun.
De-dollarization Has Begun. Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to […]
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of […]
China Report Excoriates ‘US Hegemony’, War Crimes, CIA Coups 400 Foreign Interventions
China Report Excoriates ‘US Hegemony’, War Crimes, CIA Coups 400 Foreign Interventions China’s Foreign Ministry published a lengthy report condemning “US hegemony” and its crimes around the world, including wars with millions of victims, coups and “regime change” against elected leaders, and 400 foreign military interventions. Photo obtained via Flickr The Chinese government has published a […]
Iraqi central bank to drop dollar for yuan in trade with China
Iraqi central bank to drop dollar for yuan in trade with China Iraq is the latest nation in the Global South to move away from the US dollar in bilateral trade with China (Photo credit: AFP) The Iraqi central bank announced on 22 February that, for the first time, it plans to allow trade from […]
Don’t Let Balloons Distract You from the Global Economic Collapse
Don’t Let Balloons Distract You from the Global Economic Collapse We’re only two months into 2023, and so much water has already passed under the bridge. All I can say is, what a year this is shaping up to be. Is it just me, or does anyone else feels the same? To anyone still involved with […]
The Crisis Report — 13
The Crisis Report — 13 Russia, Ukraine, China, Taiwan, the US , and the Fossil Fuel Elites — Understanding the Global War that’s happening right now and what it means for the Anthroposphere. Imagine this is the world. This image is a metaphor for our world. In this image the “ocean” around the island is […]
French Historian: World War III Has Already Begun
French Historian: World War III Has Already Begun “We are now in an endless war.” JOEL SAGET via Getty Images A French historian who accurately predicted the fall of the Soviet Union over a decade in advance says that World War III has already begun as a result of the conflict in Ukraine. The comments […]
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies Rather than cheer the concept of a new currency, we’re better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return. Longtime readers know not to expect me to rubber-stamp anything, […]
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, […]
China’s Oil Demand Is Set To Hit A Record High In 2023
China’s Oil Demand Is Set To Hit A Record High In 2023 China’s oil demand is expected to hit a record high 16 million bpd this year, an increase of 800,000 bpd. Having lifted its zero-Covid policy, China is currently suffering through an exit wave of Covid but should recover in the second quarter. China […]
Top Marine General In Japan Bluntly Describes US Is “Setting The Theatre” For Future War With China
Top Marine General In Japan Bluntly Describes US Is “Setting The Theatre” For Future War With China The top Marine Corps General for Japan this week issued some very revealing statements in an interview focused on countering China in the Financial Times. Despite Chinese leadership insisting that the Taiwan and Ukraine situations are not comparable, this […]
World Bank Warns Global Economy “Perilously Close To Falling Into Recession”
World Bank Warns Global Economy “Perilously Close To Falling Into Recession” Six months ago, The World Bank slashed its global growth outlook for 2022 and 2023 to +2.9% and +3.0% respectively blaming “the war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation” for hammering growth. Today, in its latest report on global economic […]
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand did say last week that oil demand will be limited somewhat by a growth in […]
