The US decision to confiscate Russian assets appears to be accelerating the move away from the dollar-based monetary system by major antagonists such as China. Data shows that the China is dumping US government bonds like never before! And the sad attempt by US Secretary of State Blinken to talk China out of cooperating with Russia must also be interpreted as a farce against the backdrop of the ostentatious move away from the dollar. The bifurcation of the world into two large trading blocs is gathering pace and the pressure on the dollar is growing.
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63 sats \ 0 replies \ @Satosora 17 May
We know that west taiwan wants to destabilize the usa.
I dont think the brics will work, but they are starting a trend.
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43 sats \ 0 replies \ @Coinsreporter 17 May
While dumping US bonds, China appears to be accumulating more and more gold. Russia is doing the same. I just suspect if anyhow US can retaliate this war against the dollar? The clear answer is no. Yes, US are far more powerful in defence of their land and their allies but US dollar and also its big ally EURO are on the verge of being kicked out from the land of communists.
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42 sats \ 2 replies \ @madisonsandoval 17 May
The US Dollar is so screwed.
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10 sats \ 1 reply \ @TomK OP 17 May
The others will go down before
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42 sats \ 0 replies \ @madisonsandoval 17 May
Like dominoes, all fiat currencies will fall against Bitcoin
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