Posted on 04/25/2022 3:27:58 PM PDT by delta7
Israel has now moved to add the Chinese yuan to its reserve currency portfolio, which will create a natural hedge against the risk of insanity pushing for war by the United States and Europe. Adding the yuan to the reserve portfolio will automatically reduce the exposure to the dollar and especially to the euro, thereby creating a natural hedge, whereas a decline in the dollar and euro would imply a rise in the yuan and even the ruble.
The Middle East is divided and Zelensky pretends to be the Jewish hero, yet before the war, at the United Nations, Zelensky maintained a firm anti-Israel position. In 2020 alone, he voted for Ukraine affirming UN resolutions condemning the Israeli “occupation” of Judea and Samaria. He also opposed the Israeli “occupation” of Jerusalem and the Israeli “occupation” of “the occupied Syrian Golan.” After the war began, he suddenly became Jewish, asking for money and equating the Russian invasion to the Holocaust. Then Zelensky has the audacity to criticize Israel for not sending more money to his personal piggy bank. He tells everyone that World War III has already begun so, therefore, send all your money to him in Ukraine – no refunds accepted.
Zelensky is a fraud, and he was as corrupt as the rest of the lot in Ukraine. Corruption in Ukraine is certainly in the top 5 in the world. I was told that you MUST pay bribes and if you do not pay them to the right people, they will still retaliate against you. NEVER send money to Ukraine. It is as bad as all the fraud from Africa with people claiming they have millions and nobody to leave it to. He knows how to act always appearing in an army T-shirt and unshaven to pretend he is roughing it.
Zelensky had stashed $15 million in offshore accounts and that was before the war (See Gravitas). The rumor is his target is to stash at least $100 million now demanding $7 billion per month from the West. He has NO incentive to end the conflict and will not seek peace and as long as he is filling his pockets. What Zelensky has actually done is putting Israel at risk, for now, even Egypt has turned to Russia and is holding joint military exercises. The old Arab states that were against Israel in previous wars are now aligning with Russia as the US appears to be using Zelensky as its proxy to start a war with Russia. This is now turning up the heat for World War III to also engulf the Middle East.
It is curious that the United States’ closest ally in the Middle East, Israel, which pours dollars into the finances of the Jewish state on an annual basis, has realized that there is a risk to having only dollars and euros. Economically, Israel appears to have been awakened to the reality that the Neocons have divided the world economy and the sanctions on Russia will NEVER be removed, resulting in the total destruction of the world economy and the end of globalization. Including the yuan in their reserve currency portfolio is an acknowledgment that the Biden Administration has in fact destroyed the world economy as we have known it.
The Chinese yuan in Israel’s reserves at the central bank is just the beginning of a major change in the monetary distribution of its reserves since the collapse of Bretton Woods. Israel added the Chinese yuan, along with other currencies creating a natural hedge. Their reserves include the US dollar, the euro, and the British pound but will also include the Canadian and Australian dollars, the Japanese yen, and the Chinese yuan.
The Israel Monetary Commission has added the pound and yen, which will represent 5%, and the currencies of Canada and Australia will have 3.5% each. The yuan will be set at 2% of the portfolio. This shift has resulted in the decline of the euro’s share falling to 20%, declining from 30%+, while the dollar is declining to 61% from 66.5%. While the headlines talk about the dollar declining, they generally do not reporting the most drastic decline was in the euro which was over 33%. The British pound weight, on the other hand, almost doubled to 5%, returning to the level it last saw in 2011.
Likewise, Saudi Arabia agreed to price oil also in yuan as it is in a Petroleum Alliance with China-Russia. It should be noted that the change coincided with the Russian invasion of Ukraine and the Western sanctions on Russia. They have come to realize that the Biden Administration has singlehandedly destroyed the world economy rendering SWIFT to be just a political tool undermining its integrity. This has led China to push its alternative system that our model warns will eventually supersede SWIFT post-2032. Obviously, Israel has seen the handwriting on the wall and is attempting to gradually become independent of the SWIFT system itself.
The International Monetary Fund has also warned that the sanctions on Russia are undermining the dollar’s share of total world foreign exchange reserves which is rapidly falling to its lowest point in two decades as we are witnessing the rise of the Chinese yuan.
Argentina at best, Venezuela at the absolute worst.
Do note; Vlad tied the Ruble to the Yuan, gold, oil, and Bitcoin. A fact our MSM financial “ news” left out.
…and Vlad and Xi says, again, CHECKMATE. Welcome the new kids on the block, the China / Russia/ India and Brics alliance…..
“Israel Added Yuan to Reserve Currency Portfolio”
perfect timing given that the chinese stock market and the yuan are tanking because of china’s insane lockdowns ...
Granted the U.S. has some real challenges in that area, but compared to the Chicoms ???
Just think about the effect of the Chinese lockdowns on the American consumer market in a couple months.
Chinas GDP has been rising during Covid, all western nations rapidly declining. Due to lockdowns. Keep your eyes on the Yuan and Ruble, both are being bought by “ unfriendly “ US nations- India, ME, SA, about 60 percent of the world’s population. The USD dethroning is here and now, the power of the Fed is masking its decline.
Make no mistake, we are living in historic financial times. Prepare accordingly.
I forgot, thank you vegetable head Joe for weaponizing the USD with historic sanctions….and all the war cheerleaders say, go Joe. Sickening.
You post this kook garbage over and over again. All these idiots you follow have no clue why the dolkar is used. NONE! They yap endlessly about the petrodollar but that is mytb. You being scared out of your mind over utter fiction shows you don’t have any ability to critically evaluate what you are reading from them.
“Chinas GDP has been rising during Covid, all western nations rapidly declining. Due to lockdowns.”
Hmmm... lets put on the thinking caps boys and girls. If all your customers are in big economic slowdowns how can your financial numbers be great? ITS NOT POSSIBLE. All the numbers from China are utterly frauulent and phony. Only the most naive take them at face value.
This article actually shows how bad things are getting for the US under the Brandon administration.
But it seems like a game of chicken. The Chinese it is said, had their lockdowns due to internal political struggles (according to Jack Posobeic); others said it was to strangulate Western economies, particularly ours, with supply chain problems.
In so doing, China would supplant the US as the top superpower.
So who breaks first? China, which has to have customers or the West, which uses China as its manufacturing base?
We should have established alternative suppliers long ago, namely India, Vietnam, and Thailand. But that’s not what corporate wanted.
Just think about the effect of the Chinese lockdowns on the American consumer market in a couple months.
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Lots of suffering coming our way. However, population numbers put the non western nations in favor of weathering the storm.
Expect a housing crash that makes the 08 meltdown look like chump change, ( mortgage rates skyrocketing), reduced manufacturing output from Xi puts us in a dark place, credit markets upheaval thrusts us into food, manufacturing , and supply shortages ( per Fed,they are now making $280 billion in overnight loans- undisclosed recipients), means nothing to the Joe six pack, but fact is we have just entered historic, global financial times.
What you are witnessing is a global move to commodities/ energy based currencies. The USD is backed only by “ a promise to pay”, and with a $30 trillion debt, the USD days have been numbered.
Pray hard for discernment, and guidance on how to emerge unscathed.
“India, ME, SA, about 60 percent of the world’s population.”
Perecent population or percent land mass are irrelevant and those who use them don’t know what they are talking about. India has like 4 times the population of the US but 1/10 the GDP.
“In so doing, China would supplant the US as the top superpower.”
China is a house of cards and is in no position to play chicken with the rest of the world. They are not just shutting down ports to Western economies but all.
He’s a Soviet troll - just go back thru his posting history. One of the more prevalent ones at that.
Posts the same articles over again once a different site picks them up. Always with the typical anti American slant to go with it.
I may hate the current administration, but I still love the US, rather than actively hoping for its destruction as the OP and his fellow travelers do.
“However, population numbers put the non western nations in favor of weathering the storm.”
Wrong. Non western nations are poorer and cannot outbid the West for higher priced and scarce commodities. They will suffer the worst. People in the US will pay more for the 100,000 items in a typical US supermarket or be annoyed that a few percent of those items are not available. But in the non-western nations there will be real starving and chaos.
I read a bunch of the comments and I would guess that the Chinese are having lots of problems. The completely global economy is breaking up into regional groups. It is almost like looking at Pangia when all the land mass was connected and then the continental drift happened. South America May be able to supply us with tomatoes during the winter. The USA needs to get going with fossil fuel independence. Drill baby drill.
The promise to pay is shattered to me.
Arrogance is talking. What the wealth is based on? What you are going to do if the Chinese are to charge more for consumer products? They become rich and you become poor.
After last week the Yuan is barely toilet paper.
Lots of drama about collapsing currencies. Except it looks like they are all garbage these days.
That’s not to say that China won’t try. If the leadership is surrounded by “yes” men and everyone must ensure dear leader all is fine they could make disastrous decisions. At any rate we won’t diversify our supply chain.
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