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Russia is now dependent upon China to arrange and settle its oil and gas trade- China now buys most of Russias oil and gas output. In return China fascilitates trade payments for Russia and supplies manufactured goods which sustain the Russian economy.
India would like a word.
The Yuan is more stable in value than the USD.
Kids this is a textbook example of why we stay away from crack.... this makes zero since as China literally has two Yuan currencies
So energy exports from Russia and Iran to China are already denominated in Yuan-simply because both Russia and Iran need the Chinese manufactured goods those Yuan access.
Ah yes this is why both Russia and Iran are just thriving right?!?! Drowning in goods? I mean butter is only $12 a stick in Russia but thats 110% a thriving economy
imminent collapse.
When I die and it still hasnt collapsed I will def think back to this
I am not sure what you are smoking.... but damn it must be some wild shit.
You are not making a lot of sense and none of the strawmen you construct are actually credible let alone capable of refuting the points I have made.
India is a small economy in terms of goods exported and imported...ranked about 25th. It contributes about 1.5% to the total world trade in manufactured goods and commodities. Russia is not much larger at about 2%. See this graph to see how China is now significantly dominates global trade.
China is at over 15% of global trade (twice the size of US and Germany who are numbers 2 and three) and by far the largest single trading nation- as such China can now provision most of the manufactured goods required by any nation and can buy their commodities such as oil.
The managed value of the Yuan gives it stability and utility for trade payments. It is managed just as the USD was once managed to give a stable price until the USD went full fiat, fully detached from gold, and began its steady and rapid debasement and decline.
India and Russia have long had close economic ties and the fact that Russia is now dependent upon China for trade payments and sale of its oil and gas exports has not harmed India and Russia mutual trade. Russia is now providing China with nuclear submarine technology and other technologies improving Chinas military capabilities.
Russia and Iran economies may not be thriving but they are still functioning and Putin is not cowed by Trumps (empty) threats of further sanctions if he does not cease the war in Ukraine. Putin knows Trump is desperate to get Russia back under the USD/SWIFT trade payments hegemony because the ongoing demonstration that a client state of China can now not just survive, but continue to wage war against Ukraine and its western backers despite US/SWIFT sanctions is a demonstration that signals to other nations that dependency upon USA is no longer the only option open to them.
China now provisions a comprehensive full service alternative for trade, trade payments enabling significant economic and military capabilities. Russia and Irans attacks on US associates in the middle east and Europe are funded by Chinas purchase of their energy exports. This costs US significantly while profiting China economically, strategically and symbolically. China is reverse engineering the Opium Wars, this time against the west.
If mBridge becomes fully and openly operational and the Saudis join, then the petrodollar and US hegemony is all over.
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You must be a comedian cause honestly it is soooooo funny what you say and how you bend and twist a source or two into your favor. It’s so disconnected from reality I mean honestly wtf do you smoke cause that is some WILD shit.
China innovates what exactly? TikTok? And even that was Music.ly a US company Bytedance bought 😂 China itself has not innovated and manufacturing is leaving. 18-35 year olds have a 25% unemployment rate. Why do people never see homeless in China? Oh because they arrest them and send them off to rural areas and drop them off.
You understand you are on a bitcoin and an individual rights place right? So you want a managed system but you also scream free market? Those don’t work bud.
China latest nuclear sub is currently at the bottom of the Yangtze River… Russia ln Nulcear subs… welp RIP the Kursk… so not exactly safe subs and they haven’t been pumping out nuclear subs recently… wonder why that might be?
Russia and Iran economies functioning is wild considering Russia is 100% on war footing and their mil bloggers have said they can’t end the war without a complete economic collapse. Iran is struggling with basic needs of its citizens so that’s just a moronic take.
Final though Trump isn’t trying to get Russia back onto SWIFT where the hell are you reading that 😂 get off of your Russian propaganda sites!
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