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China hints at its asymmetric warfare system aimed at dethroning US dollar

China hints at its asymmetric warfare system aimed at dethroning US dollar

For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative By Henry Johnston, an RT editor. He worked for over a…

Emerging Economies Pursue Non-Dollar Commodity Trade Amid U.S. Sanctions

Emerging Economies Pursue Non-Dollar Commodity Trade Amid U.S. Sanctions

dollar sign(Farm Journal) By PRO FARMER EDITORS Several major emerging economies are increasingly trading commodities without using the U.S. dollar, aiming to reduce their reliance on the American currency, the Wall…

Petrodollar Endgame Moves Even Closer

Petrodollar Endgame Moves Even Closer

US one hundred dollar bill on fire he UAE just stopped transacting oil in U.S. dollars. BRICS now controls most of the world’s nuclear arsenals, oil and precious metals &…

Iran, Russia to Sign National Currency Deal in First Quarter of 2024

Iran, Russia to Sign National Currency Deal in First Quarter of 2024

© AFP 2023 / ALI AL-SAADI Subscribe TEHRAN (Sputnik) – Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter…

Has the U.S. Dollar Already Struck the BRICS Iceberg?

Has the U.S. Dollar Already Struck the BRICS Iceberg?

As of this writing, US dollar reserves have fallen by 6.5% as foreign central banks cut ties with the currency. The BRICS countries, especially those in the global South, are…

BRICS: Russia & South Africa Ditch US Dollar in $265M Oil Deal

BRICS: Russia & South Africa Ditch US Dollar in $265M Oil Deal

Source: Reuters In a continuation of the bloc’s overarching de-dollarization efforts, BRICS members Russia and South Africa had ditched the US Dollar in a landmark $265 oil deal. Indeed, reports have…

Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade

Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade

The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank…

Russia and China no longer using dollar in trade – Mishustin

Russia and China no longer using dollar in trade – Mishustin

Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM © Getty Images / alptraum Western currencies have almost been completely phased out in Russia-China trade, as…

WE INVITE YOU ALL TO JOIN US TOMORROW ON “THE STAR & CRESCENT REPORT” BLOG TALK RADIO SHOW AS WE SOAR ON THE AIRWAVES TEACHING DIVINE TRUTH THAT HAS BEEN HIDDEN IN POLITICS, GEOPOLITICS, WORLD NEWS, AND CURRENT EVENTS.

WE INVITE YOU ALL TO JOIN US TOMORROW ON “THE STAR & CRESCENT REPORT” BLOG TALK RADIO SHOW AS WE SOAR ON THE AIRWAVES TEACHING DIVINE TRUTH THAT HAS BEEN HIDDEN IN POLITICS, GEOPOLITICS, WORLD NEWS, AND CURRENT EVENTS.

Greetings, WE INVITE YOU ALL TO JOIN US TOMORROW ON “THE STAR & CRESCENT REPORT” BLOG TALK RADIO SHOW AS WE SOAR ON THE AIRWAVES TEACHING DIVINE TRUTH THAT HAS…

BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment?

BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment?

Source: xinhuanet.com BRICS member China could use the Belt and Road Initiative (BRI) to advance the Chinese Yuan and diminish the USD. For the uninitiated, China launched the Belt and…

Gold’s Gain Means End of US Dollar-Based System is Near – Expert

Gold’s Gain Means End of US Dollar-Based System is Near – Expert

CC0 / / Subscribe Ekaterina Blinova All materialsWrite to the author The price of gold soared over $2,100 per troy ounce on Monday, reaching an all-time high. What signal does this…

Bank of China Will Use Zambia Unit to Boost Renminbi Trade Clout

Bank of China Will Use Zambia Unit to Boost Renminbi Trade Clout

Zambia is a major copper producer and much of it goes to ChinaZambia has faced delays in restructuring its external debt Have a confidential tip for our reporters? Get in TouchBefore…

30 More Countries Planning To Join BRICS

30 More Countries Planning To Join BRICS

Russia and Vietnam ditching dollar in trade – banking major

Russia and Vietnam ditching dollar in trade – banking major

Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says © Getty Images / Pavel Lvov Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year,…

Yuan benefiting from sanctions on Russia – tycoon

Yuan benefiting from sanctions on Russia – tycoon

Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims © Getty Images / Bloomberg Creative The share of Chinese yuan in global payments has nearly doubled because of…

US weaponizing dollar for global trade wars – Lavrov

US weaponizing dollar for global trade wars – Lavrov

The West has destroyed free global competition and the immunity of property, Russia’s foreign minister says ©  Getty Images / CHUNYIP WONG The US is using the dollar to unleash trade…

US weaponizing dollar for global trade wars – Lavrov

US weaponizing dollar for global trade wars – Lavrov

The West has destroyed free global competition and the immunity of property, Russia’s foreign minister says ©  Getty Images / CHUNYIP WONG The US is using the dollar to unleash trade…

Russia and Venezuela confirm de-dollarization plans

Russia and Venezuela confirm de-dollarization plans

The two countries will switch to national currencies in trade, the Venezuelan foreign minister has announced Russian Foreign Minister Sergey Lavrov (R) and his Venezuelan counterpart Yvan Gil Pinto are…

US will run out of paper to print dollars – Kremlin

US will run out of paper to print dollars – Kremlin

Washington will soon be unable to service its growing national debt, Dmitry Peskov has said ©  Mark Wilson/Getty Images The US national debt has risen so high that Washington will no…

China’s central bank reports progress in yuan internationalization, pledges support for growth of offshore yuan market

China’s central bank reports progress in yuan internationalization, pledges support for growth of offshore yuan market

By Song Lin     Chinese yuan Photo:VCGThe People’s Bank of China (PBC), the country’s central bank, released its 2023 Yuan Internationalization Report on Friday. Among a series of forthcoming measures, the…

Yuan-clearing bank launched in Pakistan as Chinese currency gains momentum in internationalization push

Yuan-clearing bank launched in Pakistan as Chinese currency gains momentum in internationalization push

Internationalization of Chinese currency gains momentum amid de-dollarization By Zhang Hongpei     RMB Photo:VCGState-run Industrial and Commercial Bank of China (ICBC) has opened a yuan-clearing bank in Pakistan, the latest example of…

BRICS trade surges ahead of enlargment – Bloomberg

BRICS trade surges ahead of enlargment – Bloomberg

Six more nations are expected to join the group in January 2024 © Global Look Press / Cfoto The five current members of the BRICS group increased trade by 56% from 2017…

Digital Yuan: Chinese Currency’s Internationalization Goes Full Throttle

Digital Yuan: Chinese Currency’s Internationalization Goes Full Throttle

© AP Photo / Ng Han Guan Subscribe Ekaterina Blinova All materialsWrite to the author China has begun to conduct cross-border crude oil settlements in digital yuan. The China National…

BRICS: China Dumps Another $22 Billion in US Treasuries & Stocks

BRICS: China Dumps Another $22 Billion in US Treasuries & Stocks

Vinod Dsouza Source: Fortune.com The BRICS alliance is indulging in massive sell-off by offloading billions worth of US treasuries and stocks. China is on a US Treasury dumping spree as…

39 Countries Ready To Join BRICS in 2024

39 Countries Ready To Join BRICS in 2024

Vinod DsouzaOctober 22, 2023 Source: geopoliticaleconomy.com A total of 45 countries had expressed their interest to join BRICS before the 15th summit in Johannesburg in August. In a historic move,…

US went ‘overboard’ in weaponizing dollar – Musk

US went ‘overboard’ in weaponizing dollar – Musk

Sanctions on Russia have forced countries to shift to other currencies, the billionaire says Elon Musk. ©  Drew Angerer/Getty Images The United States has “overplayed” its hand in “weaponizing” the dollar with sanctions, pushing more countries…

Russia boosts cross-border settlements in yuan

Russia boosts cross-border settlements in yuan

The currency has even reportedly been used as a means of payment with the UK, US, and EU 2551458 12/27/2014 Chinese 100, 50, 20, 10 and 5 yuan bills and…

Putin calls for global economic change

Putin calls for global economic change

The modern financial system only serves the interest of the elites, according to the Russian president Russian President Vladimir Putin. ©  Sputnik/Vladimir Astapkovich The global economic system is structured to serve the…

Time to ‘kill’ SWIFT, Russian banker suggests

Time to ‘kill’ SWIFT, Russian banker suggests

Moscow and its trade partners should switch to transactions in national currencies, Andrey Kostin believes VTB Bank CEO Andrey Kostin ©  Sputnik/Evgeny Biyatov Russia should abandon the use of the Western-controlled global…

BRICS Expansion Aims to Reduce ‘Dollar’s Decades-Long Dominance’ – Report

BRICS Expansion Aims to Reduce ‘Dollar’s Decades-Long Dominance’ – Report

© AFP 2023 / KHALED DESOUKI Subscribe International India Africa Oleg Burunov All materialsWrite to the author Leaders of the BRICS countries reiterated their calls to evade the dollar and create a…

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