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41 sats \ 3 replies \ @Solomonsatoshi 10 Feb \ on: Gold Is Sending A Clear Message charts_and_numbers
BRICS nations led by China are buying gold rather than US bonds.
The USD is in decline.
More and more international trade is conducted via Chinese channels completely outside of the USD/SWIFT/IMF/BIS/World Bank hegemony.
I agree with your analyzes on geopolitics. I don't believe we're even close to seeing the dollar decline, and I don't think China wants that either, at least right now.
If Brics' audacious plan is put into practice with greater intensity and involvement of its members and associates and has unity of economic thought... which is not an easy task, a long work will need to be carried out to result in success. For example, in Brazil at the moment, there is a lot of criticism, mainly from some left-wing parties, against President Lula for his strategic distancing from the Brics bloc after the agreement with the European Union and for refusing to participate in the new silk road.
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India has long ties with Russia especially in military hardware and Russia is now highly reliant upon China for the facilitation of trade payments and the sale of its gas and oil.
In fact for nearly all nations on earth today trade with China is almost essential ~ as to not trade with China will result in a significant loss of economic opportunity.
Trade payments routed by China are the tertiary level of the Belt and Road.
There will be resistance, and it may be a gradual process- the Chinese are in no hurry- but there is a tipping point where it becomes both inevitable and rapid.
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