Chinas support of Russia demonstrates Chinas power and ability to maintain trade payments and supply of manufactured goods to Putin and his war efforts.
Trumps threats are hollow- he cannot impose further banking sanctions as they have already been proven ineffective- China has already demonstrated to all observers that it can provide a viable alternative to the USD/SWIFT trade payments hegemony- Chinas CIPS and Chinas huge and diverse range of manufactured goods.
China has won the trade war and is now vying to displace the USD/SWIFT/IMF institutional and protocol apparatus that underpins the US empire.
Putin is already preparing for a broader invasion of Northern Europe as US power is shown to be incapable of asserting its will upon China and its growing number of trading partners who have exiting the USD/SWIFT hegemony.
This may be good for Bitcoin but not so good for western civilizations global wealth power and domination.
The Saudis have already begun accepting Yuan for oil...
pull down to refresh