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interests / alt.politics / Re: Now Argentina Dumps Dollar - Yaun & Cypto Instead

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* Now Argentina Dumps Dollar - Yaun & Cypto Instead26B.X938
`- Re: Now Argentina Dumps Dollar - Yaun & Cypto InsteadKlaus Schadenfreude

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Now Argentina Dumps Dollar - Yaun & Cypto Instead

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Subject: Now Argentina Dumps Dollar - Yaun & Cypto Instead
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 by: 26B.X938 - Fri, 28 Apr 2023 01:34 UTC

https://www.zerohedge.com/markets/argentina-abandons-usdollar-china-trade-bitcoin-reaches-record-high

Over the last few weeks, it has seemed you can't turn a page,
blink at a pixel, or hear a news report without some form of
de-dollarization headline shrieking at you. From Brazil to
Saudi Arabia, and from India to Argentina, and increasing
number of nations are 'reportedly' shifting away from the
dollar hegemon.

And today it escalated further as Reuters reports that
Argentina will start buying the bulk of its Chinese imports
in yuan instead of dollars, as it seeks to preserve its
shrinking supply of USDollars.

.. . .

Thanks Joe !

Looks like the Yaun (and, alas, unstable crypto) are
the world's new choices for doing biz.

This gives the Chinese dictatorship TREMENDOUS power.

No, they are NOT nice people.

Re: Now Argentina Dumps Dollar - Yaun & Cypto Instead

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Subject: Re: Now Argentina Dumps Dollar - Yaun & Cypto Instead
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 by: Klaus Schadenfreude - Fri, 28 Apr 2023 03:15 UTC

On 4/27/2023 9:34 PM, 26B.X938 wrote:
> https://www.zerohedge.com/markets/argentina-abandons-usdollar-china-trade-bitcoin-reaches-record-high
>
>
> Over the last few weeks, it has seemed you can't turn a page,
> blink at a pixel, or hear a news report without some form of
> de-dollarization headline shrieking at you. From Brazil to
> Saudi Arabia, and from India to Argentina, and increasing
> number of nations are 'reportedly' shifting away from the
> dollar hegemon.
>
> And today it escalated further as Reuters reports that
> Argentina will start buying the bulk of its Chinese imports
> in yuan instead of dollars, as it seeks to preserve its
> shrinking supply of USDollars.
>
> . . .
>
>   Thanks Joe !
>
>   Looks like the Yaun (and, alas, unstable crypto) are
>   the world's new choices for doing biz.
>
>   This gives the Chinese dictatorship TREMENDOUS power.
>
>   No, they are NOT nice people.

It's not totally Biden's fault. The US has been abusing SWIFT's US
dollar based international financial transaction system to impose
economic sanctions to strong-arm every country into submission. Now
every country in the world is disgusted by the arrogance of the US and
ditching the US dollar based system in droves. Now the US cannot print
money out of thin air without incurring inflation because SWIFT is what
made the US dollar the de facto reserve currency of the world.

--

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