America’s Done and Being Dusted
One might start by stating, the writing is literally and figuratively on the wall, and the United States of America is going to the wall; we are not referring to that wall President Donald J. Trump wanted to build, the border wall along the US-Mexico border was started and not completed. To start, a nice summary by a #Twitter user (with links added); then a couple of recent articles; there are so many like this, and the facts speak for themselves.
Let’s add this little reminder of the ticking time bomb of global derivatives that can and will implode soon; many countries around the globe are fed up with American hypocrisy; America’s aggression, corruption, greed and neptotism are uncontrollable; thus, the implosion is inevitble and it’s happening faster than most acknowledge.
The global derivatives market is a $2+ QUADRILLION (2,000+ TRILLION) ticking time-bomb. When banks fail, derivatives won’t just unwind in an orderly fashion. Few people understand this. These are some of the top U.S. banks ranked by derivatives exposure (double-digit TRILLIONs).
https://twitter.com/gaborgurbacs/status/1637522483476680710
3) 🇨🇳 China and Brazil to settle trades in their own currencies, ditching the US dollar.
4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says.
5) 🇸🇦 Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion).
6) 🇰🇪 Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars.
7) 🇰🇪 President of Kenya tells citizens to get rid of US dollars.
8) Association of Southeast Asian Nations (ASEAN) considers dropping the US dollar, euro, yen, and British pound for local currency financial settlements.
10) 🇺🇸 US Senator Elizabeth Warren launches “anti-crypto” re-election campaign.
11) 🇮🇳 India to settle trade in Indian rupees with certain countries instead of US dollars, Commerce Secretary says.
12) 🇨🇳 Chinese yuan surpasses the euro to become Brazil’s second-largest currency in foreign reserves.
13) 🇺🇸 US government to sell 41,500 #Bitcoin ($1.18 billion) connected to Silk Road, in four batches this year.
14) 🇭🇰 Hong Kong regulators to assist #crypto firms with banking in effort to become a digital asset hub.
15) #Binance and CEO sued by US CFTC over alleged regulatory violations
16) 🇺🇸 US Social Security funds are projected to run out by 2033, Reuters reports.
17) 🇫🇷 5 major banks raided by French authorities in €100 billion fraud investigation
18) 🇺🇸 Former President Trump says President Biden is directly responsible for the bank failures and creating an economic catastrophe that will only get worse.
19) MicroStrategy purchases an additional 6,455 #Bitcoin ($150 million).
20) 🇺🇸 President Biden says the banking crisis is “not over yet.” https://twitter.com/WatcherGuru/status/1642206765675687937
India and Malaysia announce trade in Indian Rupees, Apr 01, 2023
India and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the Ministry of External Affairs (MEA) said on Saturday.
The move follows the decision by the Reserve Bank of India (RBI) in July last year to allow the settlement of international trade in Indian currency.
China And Brazil Strike Deal To Ditch The US Dollar, 1st April 2023
In a time when de-dollarization news are dropping fast and furious and even Elon Musk is now jumping on a bandwagon…According to the Brazilian government, China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary entirely, AFP reported.
The deal, Beijing’s latest salvo against the “almighty greenback”, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade which amounts to $150 billion per year, and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar. In doing so China extends its bilateral, USD-exempting currency arrangements beyond countries such as Russia, Pakistan and Saudi Arabia to now include the Latin American exporting powerhouse.
Ryun: Red States Are Going To Have To Return Lawfare Nukes On Democrats By Tim Hains, 30th March, 2023
NED RYUN: They are targeting a political opponent over policy differences. The Unamerican Left is ushering in a new era of pure power politics in which they have decided the rule of law, and equal operation of it, is dead.
We are living in an illusion of a constitutional republic than in the actual reality of it. The real rules of the game are: 100% law is a weapon.
The question that I have is, are red state AGs and DAs prepared to wage this war of lawfare? And I don’t want to hear, “This is icky, we are better than that.” Whoever says that, does not know what time it is. We are in a cold war/civil war era in this country in which we have to commit to and decide on the policy of mutually assured destruction.
Democrats are launching nukes at us. We better decide to launch nukes back at them until they stop.
https://www.realclearpolitics.com/video/2023/03/30/ryun_red_states_are_going_to_have_to_return_lawfare_nukes_on_democrats_now.html
U.S. Is Threatening to Default China Debt Repayment, What Will Beijing Do? 28th March 2023
Experts reckon China will continue to reduce its holdings of US Treasury holdings in 2023. However, clamoring for selling US debt as soon as possible is growing by the day in China. Financial experts say the ramifications of the continuing US-China political rivalry are now increasingly being manifested in arenas other than geopolitics — in the speeding up of the Renminbi’s exit from the dollar. International Capital Statistics (ICS) released by the US Department of Treasury this February show China’s holdings of US treasury bonds stood at $867 billion at the end of December last year — a month-on-month fall for five consecutive months. Viewed from escalating political hostility, this decline is a new low since Xi Jinping was installed as the party general secretary at the CPC 18th Congress in October 2012. Remember, this was also the time when the Obama administration had launched its China containment strategy, called the “pivot to Asia” policy.
US bans good for Chinese chipmakers, and bad for us, says Taiwanese rival Wednesday, 29th March 2023
Beijing investing locally in advanced nodes will mean it buys locally, says MediaTek chairman. The chairman of Taiwan’s biggest chip designer, Mediatek’s Tsai Ming-kai, expressed distress over US semiconductor sanctions yesterday, saying they may hurt Taiwan’s chip houses. “The US export controls against China’s advanced chip sector in October last year has prompted Chinese government funds to flow into the mature chip technology sector, and we believe Taiwan’s small and mid-size chip design houses will possibly be the first to be affected,” Tsai reportedly said. The chairman was speaking at the release of a white paper he co-authored by Taiwan Semiconductor Industry Association (TSIA) and Digitimes titled “Taiwan IC Design Industry Policy White Paper.” The TSIA referred to the document as the first policy white paper initiated by the IC design industry in Taiwanese history.
Read enough? Read some more, and more importantly, think about how to survive in the coming years; the world is changing fast and those who are not preparing for such cataclysmic tectonic moves will be left wondering where it all went wrong.
Let's round off on a positive note, and perhaps there’s a way for you to become more aligned and more involved with a bright future … joining and sharing with the FREEDOM | EXPRESSION | EQUALITY | LIFE NETWORK
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