#yuan — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #yuan, aggregated by home.social.
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https://www.europesays.com/ie/677956/ China unveils plan to revamp ‘classic products’ in bid to boost sluggish consumer spending #Beijing #BlackMyth:Wukong #Business #China #ChinaMaxxing #ChineseHeritage #ChineseMedicine #Economy #Éire #IE #Ireland #july #june #Monday #XieYuansheng #yuan
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Food fraud: Why fake honey, olive oil and meat cost economies billions — Dr Jacqueline Rowarth https://www.diningandcooking.com/2783492/food-fraud-why-fake-honey-olive-oil-and-meat-cost-economies-billions-dr-jacqueline-rowarth/ #And #annually #Around #billions #cost #costs #Currency #dinars #dollars #Dr #economies #euros #fake #food #fraud #Honey #items #jacqueline #Meat #Mediterranean #MediterraneanOliveOil #millions #Oil #Olive #OliveOil #pesos #pounds #rowarth #rupees #trillions #why #world #yuan
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From the article linked to in the original post…
>> #Iran’s play is not military; it’s financially #nuclear. The model for the rest of the #GlobalSouth to follow — nearly 90% of Iran's crude exports are settled in #yuan via the #CIPS payment system.>> #Iran is not saying the #StraitOfHormuz is blocked. It’s blocked only to the hostile #Trump - #Epstein Syndicate – the #UnitedStates – and its minions trading in #petrodollars.
>> #BRICS advancing alternative payment systems🔥
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From the article linked to in the original post…
>> #Iran’s play is not military; it’s financially #nuclear. The model for the rest of the #GlobalSouth to follow — nearly 90% of Iran's crude exports are settled in #yuan via the #CIPS payment system.>> #Iran is not saying the #StraitOfHormuz is blocked. It’s blocked only to the hostile #Trump - #Epstein Syndicate – the #UnitedStates – and its minions trading in #petrodollars.
>> #BRICS advancing alternative payment systems🔥
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From the article linked to in the original post…
>> #Iran’s play is not military; it’s financially #nuclear. The model for the rest of the #GlobalSouth to follow — nearly 90% of Iran's crude exports are settled in #yuan via the #CIPS payment system.>> #Iran is not saying the #StraitOfHormuz is blocked. It’s blocked only to the hostile #Trump - #Epstein Syndicate – the #UnitedStates – and its minions trading in #petrodollars.
>> #BRICS advancing alternative payment systems🔥
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This has got to have a bunch of the elites in banking, politics, and the rest of the corrupt moneyed establishment shaking in their boots, as they say.
In short: the USA has enjoyed a privileged position since the end of WWII, because the #US #dollar has been the de-facto standard international #currency. Not just for trade, but as a reserve as well. Other countries buy US-issued government #bonds by the absolute truckload, and it lets the US spend far above its income without triggering the #hyperinflation you see when another country does that by printing money (see: Zimbabwe).
The foundation of that international currency choice is the oil trade. Pretty much every oil transaction between parties in different countries uses US dollars, hence the "petrodollar' name.
#Chinese yuan becoming an alternate global reserve and trading currency has been a worry for the US for some years now. Oil transactions happening in #yuan could make it happen in a big way.
And then the dominoes might start falling. I'd say "popcorn time", but the collateral damage to the US #economy collapsing will have huge consequences for us all.
#GovernmentBonds #USBonds #ReserveCurrency #USFederalReserve #USPol #Iran