China is betting on Russian Win in Ukraine
Will the Yuan be the alternative reserve currency competition to the Dollar?
From February 2022 to the end of March 2023, China's four largest banks more than quadrupled their total investments in the Russian banking sector, from $2.2 billion to $9.7 billion, according to the Financial Times, citing experts from the Kiev School of Economics.
Experts believe that the actions of Chinese banks are part of Beijing's efforts to promote the Yuan as a global alternative to the Dollar, as well as Russia's move to use the Yuan as a reserve currency.
A propagandist economist in Kiev stated that this increase in Chinese investment means the sanctions are working. A sane person has to ask, "To what end? Isn't this what BRICS has been working nearly a decade to make happen?" The answer is yes, and the sanctions are serving as a catalyst to hasten the BRICS' goal of creating a viable alternative to the Dollar.
The Financial Times recalls that before the start of the special military operation in Ukraine, (they called "full-scale war"), more than 60% of payments for Russian exports were made in dollars and euros, and the share of the Yuan did not exceed one percent. Since then, the percentage of payments in currencies that the Russian authorities call "toxic" has amounted to less than half, and the share of the Yuan has reached 16%, the FT writes, citing data from the Central Bank of the Russian Federation. What the Financial Times does not consider vis a vis the Anglo-Judeo Luciferian sanctions is the increased traffic of goods between Russia and other countries using bilateral "local currency" agreements. Ruble to Rubee trades between Russia and India. Ruble to Riyal, Russia to Saudi Arabia, Ruble to PKR (the Pakistani Rupee), and similar agreements with other nations, especially African countries who are not members of the BRICS (with the exception of the newly arrived member, Ethiopia.)
The Anglo-American power structure failed to realize the strength of the Russian economy represented in the bilateral local currency agreements Russia has put in place, beginning with Putin's first years in office. It was a long-haul strategy against sanctions the Russians foresaw. I reference the information in the previous paragraph pre-war: "60% of payments for Russian exports were made in dollars and euros, and the share of the Yuan did not exceed one percent." That means that above the Dollar, Euro, and Yuan, Russian foreign exchange trade was already 39 percent local currencies via bilateral trade agreements. The level of this trade in local currencies did not shrink because of the Ukraine military operation. So, Russia's increased trade in Chinese Yuan represents the decreased use of the Dollar. It appears at present that the Russian economy has strengthened because of Anglo-Judeo Luciferian Sanctions, and the BRICS economic block has more than doubled in size.
There is a push inside the BRICS economic block not to make China's currency the new reserve currency. The pressure of Western Sanctions flows to China's benefit. For Russia and other nations, the escape valve is carefully arranged bilateral trade agreements in local currencies.
It must be noted that the Western Central Banks shot themselves in the foot when they instituted sanctions on Russia and then began to confiscate Russian government and Russian citizens' "reserve deposits." The trust was broken, not just with Russia but with other countries as well. The realization fell hard upon them that Western Central Banks, which had always been tools of political and cultural manipulation, in fact, actual devices to operate soft genocide, had been weaponized for WAR. It is not a mystery hanging out there in the wind why Saudi's western reserve currency deposits are at many decades low. The economists call it "record low," but they do not reference the time when it was lower. Maybe that would be telling too much.
From February 2022 to the end of March 2023, China's four largest banks more than quadrupled their total investments in the Russian banking sector, from $2.2 billion to $9.7 billion, according to the Financial Times, citing experts from the Kiev School of Economics.
Experts believe that the actions of Chinese banks are part of Beijing's efforts to promote the Yuan as a global alternative to the Dollar, as well as Russia's move to use the Yuan as a reserve currency.
A propagandist economist in Kiev stated that this increase in Chinese investment means the sanctions are working. A sane person has to ask, "To what end? Isn't this what BRICS has been working nearly a decade to make happen?" The answer is yes, and the sanctions are serving as a catalyst to hasten the BRICS' goal of creating a viable alternative to the Dollar.
The Financial Times recalls that before the start of the special military operation in Ukraine, (they called "full-scale war"), more than 60% of payments for Russian exports were made in dollars and euros, and the share of the Yuan did not exceed one percent. Since then, the percentage of payments in currencies that the Russian authorities call "toxic" has amounted to less than half, and the share of the Yuan has reached 16%, the FT writes, citing data from the Central Bank of the Russian Federation. What the Financial Times does not consider vis a vis the Anglo-Judeo Luciferian sanctions is the increased traffic of goods between Russia and other countries using bilateral "local currency" agreements. Ruble to Rubee trades between Russia and India. Ruble to Riyal, Russia to Saudi Arabia, Ruble to PKR (the Pakistani Rupee), and similar agreements with other nations, especially African countries who are not members of the BRICS (with the exception of the newly arrived member, Ethiopia.)
The Anglo-American power structure failed to realize the strength of the Russian economy represented in the bilateral local currency agreements Russia has put in place, beginning with Putin's first years in office. It was a long-haul strategy against sanctions the Russians foresaw. I reference the information in the previous paragraph pre-war: "60% of payments for Russian exports were made in dollars and euros, and the share of the Yuan did not exceed one percent." That means that above the Dollar, Euro, and Yuan, Russian foreign exchange trade was already 39 percent local currencies via bilateral trade agreements. The level of this trade in local currencies did not shrink because of the Ukraine military operation. So, Russia's increased trade in Chinese Yuan represents the decreased use of the Dollar. It appears at present that the Russian economy has strengthened because of Anglo-Judeo Luciferian Sanctions, and the BRICS economic block has more than doubled in size.
There is a push inside the BRICS economic block not to make China's currency the new reserve currency. The pressure of Western Sanctions flows to China's benefit. For Russia and other nations, the escape valve is carefully arranged bilateral trade agreements in local currencies.
It must be noted that the Western Central Banks shot themselves in the foot when they instituted sanctions on Russia and then began to confiscate Russian government and Russian citizens' "reserve deposits." The trust was broken, not just with Russia but with other countries as well. The realization fell hard upon them that Western Central Banks, which had always been tools of political and cultural manipulation, in fact, actual devices to operate soft genocide, had been weaponized for WAR. It is not a mystery hanging out there in the wind why Saudi's western reserve currency deposits are at many decades low. The economists call it "record low," but they do not reference the time when it was lower. Maybe that would be telling too much.
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