🇨🇳💴❌🇺🇸💵 — 🏴 ZeroHedge | The Start Of De-Dollarization: China's Move Away From The USD | May 24, 2024:
"Since 2010, the majority of China’s cross-border payments, like those of many countries, had been settled in U.S. dollars (USD). As of the first quarter of 2023, that’s no longer the case.
As Visual Capitalist's Julian Wendling shows in the grahic [above], from the Hinrich Foundation, the Chinese renminbi (RMB) is growing in popularity in payments both domestically and globally.
(...)
As of March 2024, over half (52.9%) of Chinese payments were settled in RMB while 42.8% were settled in USD. This is double the share from five years previous. According to Goldman Sachs, foreigners’ increased willingness to trade assets denominated in RMB significantly contributed to de-dollarization in favor of China’s currency. Also, early last year, Brazil and Argentina announced that they would begin allowing trade settlements in RMB."
#Geoeconomics
🗄 Archive
🔗 Source
— 🇺🇸/🇮🇱 WATCH: Jewish-American venture capitalist Michael Eisenberg urges Jews to move to Israel and explicitly calls the United States 'a declining empire' while sitting in New York for a conference.
In the UK, the Net Zero agenda has resulted in fleets of electric ambulances that don't have enough electricity to make the defibrillators work. 🤡
For more content like this, subscribe to @RealWideAwakeMedia
Merch: https://wideawake.clothing
X | IG | Rumble
NEW - UN Watchdog says Chernobyl protective shield can no longer confine radiation after drone strike.
Read more: https://www.disclose.tv/id/mz8rtd8e8b/
@disclosetv
"…there really is no place to run and hide. The time of the end is the time of no room.
Indeed, seemingly just a handful of technocrats will soon have the power to force everyone to “buy and sell” through their system once digital currency and digital IDs are imposed on the global populace. Then there will truly be nowhere to run, nowhere to hide.
So many of us are growing very tired and weary as we watch a system fall into place that we feel helpless to stop. Even though we have “filled our lamps with oil” as best we can to prepare for these days, we find the increasing evil, lukewarmness, blindness, cowardice, and political correctness of both secular and church authorities exhausting.
I am convinced that we are seeing the rise of this beast in our generation, however long that takes to unfold. As such, Mr. O’Brien is right: There really is no place to run and hide. “The time of the end is the time of no room.”
For instance, many in my country (Canada) have ...