Recently The WinePress reported that Kenyan President William Ruto raised a few eyebrows when he told investors to start dumping their dollars due to a new gas deal, that will most likely cause a ripple effect the will only put more pressure on the dollar’s value. Around the same time Russia’s Vladimir Putin has once again condemned the United States for destroying their currency. Russia has long been dumping their holders of the U.S. dollar, something that was accelerated since the U.S. and NATO nations started levying restrictions on them in 2022.
This dumping of the dollar has only been exacerbated after it was revealed that China and Brazil have reached a new agreement to trade only in their currencies and excluding the dollar in the process.
Brazil, the largest economy in South and Latin America, will engage in a new trade agreement that will only be transacted in Chinese yuan for Brazilian reais and vice-versa. The two nations trade roughly $150 billion in goods annually. This move will now allow China to expand their trade beyond their top allies such as Russia, Pakistan, and Saudi Arabia.
The expectation is that this will reduce costs… promote even greater bilateral trade and facilitate investment.
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) said in a statement.
Commenting on this news ZeroHedge reported:
To be sure, we are still a long away away from the yuan replacing the USD as global reserve currency, or maybe not so far if one reads the recent reports from Zoltan Pozsar. And yet, even such foaming Bretton Woods III skeptics as Rabobank’s Michael Every is starting to realize that he may have been wrong. From his morning note today:
We showed in ‘Why Bretton Woods 3 Won’t Work’ (2022) that an anti-US BW3 bloc does not balance its trade internally by value or structure: BW3 can sell commodities to China; but unless they absorb the exports China now sends to the West, or China runs trade deficits like the US, then it can’t happen. Instead, we all just return to global mercantilism – which is happening, is inflationary, and ultimately suits the US – just not Wall Street (either in terms of mercantilism or monetary policy). When BW3 players no longer hold their official and unofficial savings in USD assets (if not Treasuries, then agencies or stocks, or property), and want to stash cash in Moscow and retire in China, then things are changing
Alas, at the rate the current US ruling regime is destroying the world’s faith and confidence not only in the dollar but in what was once truly a superpower and is increasingly a third world banana republic – the latest news of Trump’s indictment for political reasons being the third world cherry on top – we won’t have very long to wait.
Giving strength to a potential rise in the petroyuan, China completed its first trade of liquefied natural gas (LNG) in yuan. The trade deal, according to the Shanghai Petroleum and Natural Gas Exchange, explained that the trade involved approximately 65,000 tons of LNG imported from the United Arab Emirates (UAE), purchased by France.
‘China has been looking for years to establish more trade deals in yuan to increase the relevance of its currency on the global markets and challenge the U.S. dollar’s dominance in international trade, including in energy trade,’ OilPrice.com reported.
China will continue to import large quantities of crude oil from GCC countries, expand imports of liquefied natural gas, strengthen cooperation in upstream oil and gas development, engineering services, storage, transportation and refining, and make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.
China President Xi Jinping said in December
The increased use of the Chinese yuan in more and more deals are becoming hard to ignore. On Wednesday Saudi Arabia announced that they will be joining the Shanghai Cooperation Organization (SCO), an Eurasian security and economic bloc that was established in 2001 by China, Russia, and a few other Central Asian nations.
Reuters reported:
Saudi Arabia’s cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as Riyadh builds a long-term partnership with China despite U.S. security concerns.
Saudi Arabia has approved a memorandum on granting the kingdom the status of a dialogue partner in the Shanghai Cooperation Organization (SCO), state news agency SPA said.
The SCO is a political and security union of countries spanning much of Eurasia, including China, India and Russia.
Saudi Arabia has also considered transacting in yuan for oil instead of U.S. dollars, which would be a massive blow to the petrodollar and megaboost for the petroyuan. The Wall Street Journal reported in March, “Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales.”
Saudi Arabi had already made these ambitions known in January during the annual World Economic Forum meeting in Davos, Switzerland, The WinePress reported.
We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries who are willing and able to work with us.
Mohammed Al-Jadaan, the Minister of Finance for Saudi Arabia, said at the time
Furthermore, China recently facilitated new agreements between Saudi Araba to strengthen their relationship with one another and the BRICS nations. Jon Rubino explained more details about this move and more on his Substack:
China brokers a peace deal between Saudia Arabie and Iran, two bitter historical enemies who want to join the BRICS alliance but can’t if they’re in an undeclared war. Should they stop competing and start cooperating they could dominate the Middle East and raise China’s clout in the region, at the petrodollar’s expense. An example of the press coverage:
Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the North-South Transport Corridor (NSTC) connecting them to Russia while the China-Central Asia-West Asia Economic Corridor (CCAWAEC) will do the same vis-à-vis China…
…Only two weeks after Saudi Arabia announced an effort to establish diplomatic ties to Iran in a deal mediated by China, more news surfaced that Saudi Arabia was also planning to reopen its embassy in Syria for the first time in over a decade. Rumors are swirling that Iran, Saudi Arabia and Syria are on the verge of geopolitical and economic agreements that sidestep the US.
Russia and India agree to trade oil for rupees. Russia is now India’s largest oil supplier, with 35% of that massive, growing country’s imports. The U.S. is not happy about this — but India doesn’t seem to care. From a recent article:
Even the US itself seems to have finally accepted that it can’t reverse this trend, which is evidenced by former Indian Ambassador to Russia Kanwal Sibal recently telling TASS that “Lately, the discourse from Washington has changed and India is no longer being asked to stop buying oil from Russia. In a recent visit to India, the US Treasury Secretary actually said that India can buy discounted oil from Russia as much as it wants so long as western tankers and insurance companies are not used.”
African leaders travel to Moscow. Representatives of 40 African nations traveled to Rissia for the Second International Parliamentary Conference “Russia – Africa in a Multipolar World.” According to the press release, the attendees:
… discussed the potential for collaboration across a range of sectors, their contribution to the African continent’s economy and security, and their work in the realms of science and education, politics, and techno-military area.
During the conference, the African continent was invited to work together to form a new multipolar world order. This is especially important given the significant human resources of Africa, which is home to more than 1.5 billion people and has enormous mineral reserves in its soil.
Brazil and Argentina announce a common currency. In February, the two dominant Latin American economies announced plans for a common currency called the “sur” for use in bilateral trade. South America is a big, resource-rich place with numerous grudges against its intrusive northern neighbor. So a de-dollarization movement there, while not as immediately consequential as what’s happening in the Middle East or Asia, is both plausible and potentially serious for the dollar.
And to top it all off, mainstream media is increasingly warning that the United States is on the brink of losing it world reserve status, being dethroned by the yuan. The WP had noted this in the aforementioned report linked in the beginning of this post; but since then outlets like CNN and Fox News are now alerting their viewers to this real possibility, as if it’s already a done-deal.
AUTHOR COMMENTARY
In a rare moment of truth, Fox and CNN are actually speaking the truth here. It cannot be underscored that when – not if at this point, but when the U.S. loses its reverse currency status, all hell will break loose across the nation, and turn the world upside down.
The World Economic Forum has already prophesized that the United States will no longer be a superpower by 2030, and based on all the laundry list of problems going on besides the threat of losing the world reserve currency status, it is not difficult to see that. Moreover a military website once predicted that by 2025 America will have lost 70% of its population (which was removed about a month after I reported on it).
While I cannot say that the new preeminent currency will be the yuan, I can “comfortably” say that the U.S. is going lose its reverse currency status sooner than most realize.
[10] The name of the LORD is a strong tower: the righteous runneth into it, and is safe. [11] The rich man’s wealth is his strong city, and as an high wall in his own conceit. [12] Before destruction the heart of man is haughty, and before honour is humility. Proverbs 18:10-12
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Jesuit occult organization & planning working out w/their corporatist cronies. Prince of Tyre stuff.
I’m becoming convinced they’re shooting for a faked agriculturally centered economy counterfeiting the millennium, but in the old Dark Age, tyrannical crony aristocrat-serf communal pattern….like those historical Jesuit reducciones in Bolivia they’re bringing back. If so, it’ll be part of their ‘salvation’ from the ‘liberals’ after the bloodbath, & many will believe it.
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But all they ‘succeed’ in doing with all their manipulations, chicanery & deceit is fulfilling God’s word, lining up for Ezekiel 38, Isaiah 11&19….and probably a ton of other endtime passages not even noticed or put together yet. Maybe Obadiah. While all they ‘win’ is solidifying their own damnation, making it more sure, & Hell.
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We here in the US are but an extension of the enlargement of Japheth with idolatrous humanism overtaking biblical faith in the main, with 2 Peter 2&3 and Jude applicable, Roman 11 KJB. Our turn: Europe already ‘transformed’ w/ the EU Babel (and don’t they know it, & aren’t they open about it?!…w/Rome pretending to be ‘separate’ from all of it: NOT!) Dancing in this nation to Rome’s bacchanalia, militaristic tune at large & in the main, but don’t forget what the Lord told Elijah when he despaired of being utterly alone.
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1 Kings 19:18 KJB Yet I have left me seven thousand in Israel, all the knees which have not bowed unto Baal, and every mouth which hath not kissed him.
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Romans 11:4 KJB But what saith the answer of God unto him? I have reserved to myself seven thousand men, who have not bowed the knee to the image of Baal.
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The preparation& warning of the Lord, remembering mercy in judgment, the promises & for his name’s sake. There’s a passage earlier in the history of Israel that explains where those ‘seven thousand’ came from…but it’s escaping me at the moment where it’s at. Perhaps another saint has come across it, too, or been taught it, & can fill it in.
It might be the preserved soldiers of 2 Kings 1, but I was thinking the specific numbering was involved.
America still in their book worth of evils and pride still think they’re too great to fall.
Just you wait America! You’re in for a rude awakening…a VERY rude awakening!