Putin Announces Agreement for the Yuan to Become the New Global Reserve Currency

by Chris Black

The Chinese and the Russians are devising a way to use the US sanctions regime as a judo maneuver to bring down the entire dollar system.

🇷🇺 Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, and Latin America. pic.twitter.com/ptuDybKL56

— Watcher.Guru (@WatcherGuru) March 22, 2023

RT:

Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said on Tuesday during talks with his Chinese counterpart Xi Jinping, who is in Moscow on a three-day official visit.

“We are for the use of Chinese yuan in settlements between Russia and the countries of Asia, Africa, and Latin America. I am sure that these forms of settlements in yuan will be developed between Russian partners and their counterparts in third countries,” Putin said.

 

People are beginning to notice.

Russia, the most resource rich country on Earth starts to deal in Chinese yuan, it will be the first step for the Chinese yuan to become a major global reserve currency

China's recently brokered Saudi-Iran peace deal will have similar potentials backing the yuan with oil and gas pic.twitter.com/ll7uuHFD3l

— Zhao DaShuai 无条件爱国🇨🇳 (@zhao_dashuai) March 21, 2023

America is a rich country because the dollar as the global reserve currency, alongside the dollar as petrodollar (related but distinct concepts), allows the US to suck wealth out of the rest of the world without producing anything of value. 

The US then uses this wealth to fund its military, as well as various political and social movements across the world, maintaining a centralization of global power and influence under what we call “hegemony.”

There is no longer any way to save the dollar, so the US will no longer be the world empire.

 Instead, you’re going to have a normal world, as it was before the rise of the (((American))) system, where there is no single global power. 

China will be the center of the global economy, but China has no interest in becoming the next America because unlike they don’t care what you’re doing in your life.

Short of the US doing a last ditch attempt at a massive global war, things are already wrapping up. 

I tend to think the US won’t do a massive global war, because this would mean the destruction of Israel, and I think you’re going to see the American authorities prioritizing keeping that particular country viable.

The US media is not really even talking about the Saudi-Iran deal brokered by China, which is the most significant world event since the stealing of the 2020 election. 

Xi’s visit to Russia is also getting precious little media coverage.

 The Russian announcement of standardizing the Yuan as the global trade currency is the most significant threat to US hegemony since Adolf Hitler, and this morning the media is fixated on histrionic nonsense about Donald Trump.

It will likely take a joint announcement by China, Russia, Saudi, and Iran about the future of the global economy for the gravity of the situation to begin to set in with the elite in America.

 It’s possible that they’ve realized that they went too far with the rate hikes torpedoing the domestic economy, and they might walk that back soon.

The Biden Administration really helped Xi a lot by constantly threatening China with war and sending all of these war ships and weapons over there. And they’ve helped the East generally with the insanity of this Ukraine war. 

The biggest thing was the sanctions, because every country saw that and realized that it simply was no longer viable to rely on the US to preserve the world order.