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Exclusive: China taking first steps to pay for oil in yuan this year - sources - Reuters
Say hello to what's really going on: a massive transfer of economic power away from the USA and toward Russia and China. Whether masterminded or simply taking advantage of the situation, so far they are winning. Between SARS-CoV-2 coming from China and Russia teaming up with OPEC to price fix oil, we are in a lot of trouble here.
We shot ourselves in the foot by sending all our manufacturing to China. The globalists have screwed us over royally. If China cuts us off of our cheap goods, our economy is doomed. No more cheap goods, no more cheap pharmaceuticals. Our own greed has defeated us.
Here is a report that was presented to the Trump admin mid-March about China's objectives during this crisis. It's been circulating around the International Relations community that I'm part of.
I think we need to prepare for the possibility of long-term disenfranchisement, owed mostly in thanks to the shortsightedness of the neo-liberals who shifted our domestic economy to a service-based one. If the global market collapses or shifts to different leadership, we won't have a leg to stand on because our leaders have successively and myopically failed to prepare any backup plan for our economy.
We were warned over and over that this could happen but all of the self-interested parties have obstructed progress. Now the average joe is screwed while the wealthy corporate fat cats will sit behind their moats watching everything possibly go up in smoke.
China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.
Say hello to what's really going on: a massive transfer of economic power away from the USA and toward Russia and China. Whether masterminded or simply taking advantage of the situation, so far they are winning. Between SARS-CoV-2 coming from China and Russia teaming up with OPEC to price fix oil, we are in a lot of trouble here.
We shot ourselves in the foot by sending all our manufacturing to China. The globalists have screwed us over royally. If China cuts us off of our cheap goods, our economy is doomed. No more cheap goods, no more cheap pharmaceuticals. Our own greed has defeated us.
Here is a report that was presented to the Trump admin mid-March about China's objectives during this crisis. It's been circulating around the International Relations community that I'm part of.
I think we need to prepare for the possibility of long-term disenfranchisement, owed mostly in thanks to the shortsightedness of the neo-liberals who shifted our domestic economy to a service-based one. If the global market collapses or shifts to different leadership, we won't have a leg to stand on because our leaders have successively and myopically failed to prepare any backup plan for our economy.
We were warned over and over that this could happen but all of the self-interested parties have obstructed progress. Now the average joe is screwed while the wealthy corporate fat cats will sit behind their moats watching everything possibly go up in smoke.