The following report is by RT:
Speaking at a meeting with his Chinese counterpart, Xi Jinping, in Beijing on Thursday, Putin heaped praise on the deep level of cooperation between the two powers, especially in trade.
Relations between Moscow and Beijing are based on “the principles of mutual respect, good neighborliness, and mutual benefit,” Putin said. He added that despite the coronavirus pandemic and “some actions aimed at constraining our development” by third countries, the volume of trade is steadily increasing, as both countries have built a solid investment portfolio in various fields.
A powerful impetus to expand our trade flows was given by our timely joint decision to ensure that transactions are conducted in national currencies. As of today, 90% of all payments are made in rubles and yuan.
the Russian president said.
According to Putin, trade turnover between Russia and China soared by almost 25% in 2023, reaching $227 billion.
Putin is on a two-day state visit to China, his first foreign trip since his inauguration for a fifth term as president earlier this month. The Russian and Chinese leaders, as well as senior officials from both countries, are expected to hold talks on a wide range of issues such as bilateral relations, economic cooperation and the international situation, including the Ukraine conflict.
The Russian president has said that while Moscow has never sought the “dedollarization” of the national or international economy, this process is “inevitable.” Putin has particularly rebuked Washington for using its currency as a “tool of combat,” which he said is undermining global confidence.
After the start of the Ukraine conflict in February 2022, the US cut off Russia’s central bank from dollar transactions and later banned the export of dollar banknotes to the country. Putin has called Washington’s restrictions “complete foolishness” that only serve to undercut US power and its economy.
AUTHOR COMMENTARY
Putin is being disingenuous when he says their intent is not to de-dollarize. I’ve reported a number of times that Russian and other BRICS delegates could not be any clearer that they are looking to de-dollarize, as is the rest of the world when accounting for the over forty nations that are seeking membership; and ASEAN, who also said that they are intending to trade in local currencies and get away from the greenback.
SEE: Russian Delegate Says De-Dollarization Is Top Priority For BRICS In 2024
Having said that, this is further evidence that the U.S. dollar’s days are numbered and are dwindling quickly. Mainstream media does not want to report on this because they need to keep the American people blind before the powers at be allow the system to collapse.
Job 12:23 He increaseth the nations, and destroyeth them: he enlargeth the nations, and straiteneth them again.
[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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This is the 3rd of three instances (this week alone) where other nations are either moving away from the US Dollar or close to doing so. I agree with Jacob, that early 2025 is it, possibly even late 2024. If people are not purchasing extra goods now or over the last 12 months, start now! 4 years ago: whatever goods purchased, were on sale…due to inflation. I say the same now: get it now because inflation in about 3-6 months will be uncomprendable!
I’m not buying into the theory this current financial crisis was pre planned. This has come about from arrogance and incompetence.
I believe our current administration thought they could get Russia into an arms race over Ukraine similar to what President Reagan did with the former Soviet Union and bankrupt the country. The sanctions and war failed so Biden had the natural gas pipeline to Europe destroyed hoping to bankrupt them from the loss of sales. This failed too and only reinforced the rest of the world’s opinions that America is a financial terrorist organization and to join forces with the new international monetary system that is BRICS and abandon the Central Bank of the west.
Now we are talking about financing the Ukrainian conflict with currency seized from Russia. This will only make other countries withdraw their money from America because we can’t be trusted to not steal their money if they do something that the American government does not approve of.
What was supposed to be a plan to bankrupt Russia, replace their president with a puppet then move in and take over the vast wealth of the country has backfired and now the Central Bank is the one in danger of bankruptcy.
The western billionaires are about to lose their stranglehold on world power so they are terrified and dangerous to the survival of humanity in my humble opinion. If they can’t rule the world then nobody will type of mindset.
To Old News: Your not thinking Deep Enough! You are at the “Worldy” Level. This is Spiritual and…Intentionally Pre Planned “Decades, possibly Centuries “ back. Refer to the King James Bible for Discernment to be awakened to this reality
To Old News: Your not thinking Deep enough. You are at the “Worldy” Level. This is Spiritual and…Intentionally Pre Planned “Decades, possibly Centuries “ back. Refer to the King James Bible for Discernment to be awakened to this reality