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Israel Added Yuan to Reserve Currency Portfolio
Armstrong Economics ^ | 25 Apr 22 | Martin Armstrong

Posted on 04/25/2022 3:27:58 PM PDT by delta7

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To: NorseViking

Stupid is talking. If the Chinese charge more they can be told go fly a kite, we’ll either buy less or none at all or buy from a competitor.


21 posted on 04/25/2022 5:10:00 PM PDT by BiglyCommentary
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To: NorseViking

“What the wealth is based on? “

Seriously? The US did not become wealthy from China. They got wealthy from us.


22 posted on 04/25/2022 5:14:36 PM PDT by BiglyCommentary
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To: BiglyCommentary

Show me the competitor. 80% of consumer goods in the US are Chinese. They are already charging more, hence the inflation.


23 posted on 04/25/2022 5:15:40 PM PDT by NorseViking
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To: BiglyCommentary

Where the wealth comes from NOW? Hint: a maxed out $30 trillion T-bond credit card.


24 posted on 04/25/2022 5:17:19 PM PDT by NorseViking
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To: NorseViking

You are a clown in saying they are charging more as if that means more profits for them. The Chicoms prices for all raa materials have gone way up. Their energy costs have gone way up. Their stocks markets are cratering. Thats your clue as to whether their companies are doing better or worse.


25 posted on 04/25/2022 5:36:32 PM PDT by BiglyCommentary
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To: BiglyCommentary

It is funny to talk the economy with you because you are operating on media propaganda and don’t have a clue. What is the labor price dynamic in China?


26 posted on 04/25/2022 5:40:48 PM PDT by NorseViking
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To: NorseViking

Your talking points come straight from Pravda and are all pure fantasy. Companies have been moving supply chains FROM China for several years now and one reason is the former big cheap labor advantage has been evaporating. You seem to be clueless about that.


27 posted on 04/25/2022 5:48:37 PM PDT by BiglyCommentary
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To: BiglyCommentary

And still 80% of goods are Chinese made...Okay.


28 posted on 04/25/2022 5:49:31 PM PDT by NorseViking
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To: NorseViking

Supply chains keep moving out of China. THAT IS THE TREND. The smaller Asian countries are kicking their butt hard.


29 posted on 04/25/2022 6:09:22 PM PDT by BiglyCommentary
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To: delta7

Nothing of that level of hysteria as your post.

Israel will have 2% of its foreign currency reserves in yuan.

And the USD will go down from 65% to 61%.

Far from the hype in your post


30 posted on 04/26/2022 1:31:02 AM PDT by Cronos
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To: SecondAmendment

But the Jews are not aligning with china.

They will just have yuan as 2% of their foreign currency reserves.


31 posted on 04/26/2022 1:31:59 AM PDT by Cronos
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To: NorseViking

Think about the effect of Chinese lockdowns on their purchases of your oil and gas.

And it means the Chinese will not be able to supply your people in Russia with alternatives to western made products.


32 posted on 04/26/2022 1:33:17 AM PDT by Cronos
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To: BiglyCommentary

And India is far from unfriendly to the USA. Thanks to trump it is America friendly neutral


33 posted on 04/26/2022 1:34:33 AM PDT by Cronos
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To: Cronos

More deflection? Oil and gas are selling just great everywhere. And Russia has more domestic goods than Western countries. Chinese import was miniscule until recently.


34 posted on 04/26/2022 1:41:28 AM PDT by NorseViking
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To: NorseViking

Not really.

Russia has to sell its oil a d gas at steep discounts to India and China


35 posted on 04/26/2022 1:43:48 AM PDT by Cronos
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To: Cronos

Oh, ye, and the US increased import by 43% two weeks ago despite the official rhetoric.


36 posted on 04/26/2022 2:02:45 AM PDT by NorseViking
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To: NorseViking; Cronos

You DECEITFUL CLOWN. It is not credible to pull out one week of imports and try to make that meaningful. But two can play that game. Week one of March was 148k of imports. Week 2 was only 38k. LOOK AT THAT, A HUGE PERCENTAGE DECREASE!!!


37 posted on 04/26/2022 3:27:56 AM PDT by BiglyCommentary
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To: NorseViking; Cronos

PS clown, in April the US imports of Russian oil was ZERO for the first 3 weeks. ZERO!!!


38 posted on 04/26/2022 3:32:32 AM PDT by BiglyCommentary
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To: NorseViking
And Russia has more domestic goods than Western countries.

Just like they always have, comrade. 5 Year Plan exceeded again!!!

39 posted on 04/26/2022 6:06:22 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: BiglyCommentary

If you rename Urals blend “Latvian” it doesn’t change. How are American refineries geared towards heavy crude working right now? Question to a friend....


40 posted on 04/26/2022 9:07:28 AM PDT by NorseViking
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