Russia And China’s Revenge Plot Takes Shape, US Is Not Prepared For What’s Coming!

Russia And China’s Revenge Plot Takes Shape, US Is Not Prepared For What’s Coming! #economy #market #trade De-dollarization has been brewing for quite some time, and it’s picking up speed now! You may be wondering, when will it reach a tipping point in all aspects - military, GDP, natural resources, shipping lanes, human population? When will it become significant enough to flip the switch? We are witnessing that moment and there’s no turning back.A big indicator of this trend is the BRICS countries ditching US Treasuries in favor of gold. China’s taking the lead with its central bank buying up gold. If You Like This Video: Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video: Russia And China’s Revenge Plot Takes Shape, US Is Not Prepared For What’s Coming! It’s a clear signal of what’s brewing in the financial years, the US dollar has been the king of global markets, with a history of dominance that’s hard to match. As the reserve currency, it held outstanding prestige worldwide. But now, with more talk of de-dollarization, the dollar’s future seems uncertain. Rising inflation and geopolitical tensions are shaking its once-solid position. In the midst of this uncertainty, China is making moves to thrust its currency- the Yuan, into the global spotlight. The Yuan, ranked as the world’s fifth-largest currency, is making big waves in the market. A recent report shows it’s also the fifth-largest international reserve currency. Check this out: Yuan foreign exchange transactions have skyrocketed, grabbing 7 percent of the global market share. That’s a massive leap, making it the fastest-rising currency in the last three years! China’s been on a mission to expand the Yuan’s horizons beyond its borders. Forbes dishes out the details that the Chinese government rolled out the Cross-Border Interbank Payments System, smoothing the way for cross-border transactions in Yuan. Then, in 2018, it shook things up again by launching the world’s first Yuan-denominated crude oil futures contracts. That move allowed exporters to trade oil in Yuan, adding even more weight to its global presence. Exploration of Russia’s strategic moves to challenge the petrodollar. Now, amid the Russia-Ukraine conflict, US and allied sanctions cut off Russia from SWIFT, showing how dollars can be used as a weapon. In response, Russia turned to the Yuan, beefing up its Yuan reserves. This move sparked changes, making other countries rethink their reliance on the dollar. Seeing Russia embrace the yuan, other nations saw a chance to dial down their dollar dependency. It’s like a wake-up call, shaking up the currency game for everyone. Even the European Union is itching to break free from the dollar’s grip. The German foreign minister is leading the charge, pushing for a fresh EU payments system that’s totally independent from the US and SWIFT. It’s definitely a bold move toward independence. Now, when Russia made the bold move to reunify with Crimea back in the day, it triggered a wave of measures against it. The world wasn’t having it, especially when Crimea refused to play ball with the new government. Fast forward to 2014, and Russia was shaking things up. It started shifting away from the dollar and leaning towards the euro, with the European Union becoming its top trading buddy. Then, in 2022, the European Union decided to crank up the heat. They slapped sanctions left and right, banning all sorts of transactions with Russia’s Central Bank and cutting off the flow of euro banknotes. That hit Russia where it hurts, snagging over half of its reserves, about $300 billion worth! The talk of the town is whether the West is straight-up using that cash. The Central Bank of Russia isn’t too happy, saying foreign currencies have become toxic for Russian businesses. So, they’re doubling down on agreements with friendly countries using their own currencies. And guess what? Trade between Russia and Europe took a nosedive, plunging by over 70%. But trade with Asia? Well, that’s a whole different story—it’s booming, up by a whopping 70%! Imports from Asia, especially China and Hong Kong, now make up a whopping 40% of Russia’s total imports. But here’s the thing: Russia’s got a secret weapon up its sleeve. Over a whopping 60% of its sovereign wealth fund is in Chinese yuan assets, and 40% of its foreign exchange reserves are also in yuan assets. They’re even considering accepting yuan futures contracts, known as “petroyuan,“ in their pricing model at Aramco, the state oil this news broke, it sent shockwaves through the financial world. Suddenly, everyone was talking about the “petro-RMB“ and what it could mean for the global reserve currency landscape. More Details In The Video