Whoever thought, Russia gave China the option to pay for delivery of its Coal in any currency it (China) wants. Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, according to Chinese consultancy Fenwei Energy Information Service Co. said.
These will be the first commodity shipments paid for in Yuan since US/Europe penalized Russia and cut several of its banks off from the international financial system.
One thing is sure: In terms of future currencies, we’re going to see the adoption of new payment systems outside the SWIF. Examples abound, nations trading in local currencies, adopting future cryptocurrencies or digital currencies in multilateral formats such as the Eurasian Economic Union (EAEU) and the Association of Southeast Asian Nations (ASEAN).
The pillar of future trade will be in currencies which are backed by real wealth, to include gold, perhaps silver and a basket of commodities.
David
Ukraine came out and said Navalny's death wasn't in fact Putin (as Biden and the US Policy makers were so quick to decry)! David & Elizabeth react to the news in this short reaction video!
This class was taught LIVE on November 8, 2023, at 06:00 PM CT (-6GMT)
The Hidden Machinery: America's Foreign & Military Affairs Exposed.
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As we journey through the intricate maze of foreign policy, you'll confront pressing questions that demand answers: Is there a clear, consistent strategy steering the ship of state, or are we adrift, pushed and pulled by the undercurrents of vested interests, secret pacts, and hidden allegiances?
Explore the controversial realms of the military-industrial complex—a symbiotic behemoth where industry, military, and politics collide in a ...
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Dive deep into the murky waters of media evolution, from objective reporting to sensationalism, from public service to profit-driven enterprises.
Unearth the tactical maneuvering of media platforms that, under the guise of delivering news, often serve tailored narratives designed to sway, to incite, and sometimes, to mislead blatantly.
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Dumb Ford: " Canada is not the ptoblem, USA is not the probem; we should blame China for forcing US imposing tariff on Canada.
PMSL.
China official statement on Xi and Trump phone call.
http://us.china-embassy.gov.cn/eng/zmgx/zxxx/202506/t20250606_11642132.htm