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China and Brazil just dropped the USD for trade, will now use their own currencies with each other. Where do you think all of those dollars are now going to go? If this continues, we are staring down the barrel of hyperinflation. Not hyperbole.
— EJ Antoni (@RealEJAntoni) March 29, 2023
The dominos are cascading rapidly now.
It’s unclear how it is even possible for the US to prevent a collapse of the US dollar in the medium term.
The United States is not a productive country. We produce pornography, black crime, and human suffering. The reason America is a rich country is that they tax the whole world through the dollar system.
If the world stops engaging with the dollar system, America is no longer a rich country, which means America can no longer use its military to bully the world.
Perhaps more importantly, to me at least: when America stops being a rich country, the government of America will no longer be able to bully the people of America.
RT:
Beijing and Brasilia have signed an agreement on trade in mutual currencies, abandoning the US dollar as an intermediary, and are also planning to expand cooperation on food and minerals.
According to media reports, the deal will enable the two BRICS members to conduct their massive trade and financial transactions directly, exchanging renminbi for real and vice versa, instead of using the US dollar for settlements.
“The expectation is that this will reduce costs… promote even greater bilateral trade and facilitate investment,” AFP quoted the Brazilian Trade and Investment Promotion Agency as saying on Wednesday.
The countries also reportedly announced the creation of a clearinghouse that will provide settlements without the US dollar, as well as lending in national currencies. The move is aimed at facilitating and reducing the cost of transactions between the sides, and getting rid of dollar dependence in bilateral relations.
Brazil is the world’s 12th biggest economy.
China, which is number 2, India, which is number 5, Russia, which is number 9, Iran, which is number 11, and Saudi Arabia, which is number 18 and dominates the oil market, are already actively abandoning the dollar system.
There is only one way this can go.
The American-Zionist “Anal Empire” is falling.
A new order is rising, which will be so much better than what we have now.
There is nothing the Americans can do to stop the collapse now.
“Brazil is China’s largest trade partner in Latin America and bilateral trade exceeded 100 billion U.S. dollars for four consecutive years. China continued to be Brazil’s largest trade partner for 13 straight years.” https://t.co/LTnMvpB1oG
— Cate Long (@cate_long) March 29, 2023
