'After the February 2022 Special Military Operation launched by Moscow in Ukraine and NATO has devolved into, for all practical purposes, war against Russia, we have stepped beyond Hybrid War territory and are deep into Total Financial War.
The whole Global South absorbed the “lesson” of the collective (institutional) west freezing, as in stealing, the foreign reserves of a G20 member, on top of it a nuclear superpower. If that happened to Russia, it could happen to anyone. There are no “rules” anymore.
Russia since 2014 has been improving its SPFS payment system, in parallel with China’s CIPS, both bypassing the western-led SWIFT banking messaging system, and increasingly used by Central Banks across Central Asia, Iran and India. All across Eurasia, more people are ditching Visa and Mastercard and using UnionPay and/or Mir cards, not to mention Alipay and WeChat Pay, both extremely popular across Southeast Asia.
Of course the petrodollar – and the US dollar, still representing under 60 percent of global foreign exchange reserves – will not ride into oblivion overnight. Xi of Arabia is just the latest chapter in a seismic shift now driven by a select group in the Global South, and not by the former “hyperpower.”
Trading in their own currencies and a new, global alternative currency is right at the top of the priorities of that long list of nations – from South America to Northern Africa and West Asia – eager to join BRICS+ or the SCO, and in quite a few cases, both.
The stakes could not be higher. And it’s all about subjugation or exercising full sovereignty. So let’s leave the last essential words to the foremost diplomat of our troubled times, Russia’s Sergey Lavrov, at the international interparty conference Eurasian Choice as a Basis for Strengthening Sovereignty:
“The main reason for today’s growing tensions is the stubborn striving of the collective West to maintain a historically diminishing domination in the international arena by any means it can… It is impossible to impede the strengthening of the independent centers of economic growth, financial might and political influence.
Link to article:
http://thesaker.is/xi-of-arabia-and-the-petroyuan-drive/
Anonymous
18 comments:
Good morning All
Just out of Curiosity applied for Alipay and they approved.
Lots of documentations though.
Useful in Matland especially where they accept in many shops.
Also Sinkieland Fragrance Bak Kwa also accept.
Just transfer Sinful Dollars into their Account China's clearing banks and they converted into Yuan for you.
Can also pay in Yuan for China's online orders.
Cheers
What is seen as a small step towards de-dollarisation will soon turn into a tsunami, once an alternative system, now being tested, is working well enough to make it happen. Then countries will join and real dumping of US$ as reserve currency will be the norm rather than the exception. Exceptionalism is not going to prevent this from happening and let us not keep harping on the 60% usage of the US$.
Sadly, Singapore's dull 4G can't see it coming, still worshiping at the Washington altar of US hegemony and participating in the illegitimate US-led sanctions on Russia that the rest of the Global South countries wisely shunned . . .
Sadly, among all ASEAN countries, only Red Dot worships at the Washington Altar, believing that exceptionalism is also having its glorious effect on us. When the exceptional one loses its own exceptionalism, what will happen to the wannabe exceptionalist?
Chinese people ditching Via and Mastercard dealt a serious blow to the two global payment giants. The money they were able to make just converting spending from one currency to another is a big rip off. China is a market not to be sniffed at on all counts.
The only allies in the American camp are the white men in Europe and the Anglosaxon countries. Japan and South Korea are not allies, but semi colonies.
With the trade war and the Ukraine War losing steam, seeing no light at the end of the tunnel, the European allies and even Australia are getting uneasy as the economic price and sacrifices are too big and painful to bear.
European allies and Australia are making a queue to Beijing. The American unwilling coalition is breaking up. Only silly countries would still stick with the Americans, led by no brainer leaders. If some diehard blind worshippers of white men in Asean can choose to distance themselves from the Americans, it clearly says that they have seen the writings on the wall.
And there is diehard Saudi Arabia that was tied to the apron string of the Americans taking an aggressive defying stance against the Americans, choosing to form new strategic ties with China and Russia. This is very clear sign that the days of the Americans are over.
But silly leaders are silly leaders and cannot read the change and will go down with the Americans.
Hi Anon 9.52
Sing&Tel aka SingTel alreday advertised that they are using the 5G Networks.
With their advtg of that Lady smiling in goggles and climbing up the tallest tree in the Mandai Forested Area to install their 5G Networks.
Also., happened to install my Matland Maxis Hotline card into a new phone and it clearly shown a Grern 5 logo.
True or NOT with that Joint Venture with that obsolete Errisons chosen by our Dafts just to please their UAssA masters.
Thought initially may be Maxis with SingTel as their partners here are using their Huawei Networks in Malaysia.
Wah 5G in Matland using China's Huawel and NO spyings.
Cheers
Shud be a Green 5G Logo.
Australia's intention to soften its stance towards Beijing is a clear signal that economic considerations are more important than just adopting a confrontational approach that does nothing good for the country. Australia is worried about China cutting off all its iron ore imports as China has now found alternative sources.
Even some EU countries are now asking themselves what are the benefits and for whom are their sacrifices for Ukraine actually benefitting? Clearly, short of reaping benefits as a result of their support for Ukraine, they are bringing disaster instead to their national interest.
Using Ericsson's half baked 5G has become a silly joke. Germany and France are also working with Huawei to use the best 5G system available. All the Arab countries are also using Huawei system.
Huawei has a 75% share of all 5G networks in the world. What does it say? The Americans are still struggling with 4 and the 1/2 G network and unable to piece together a decent 5G.
Now the Americans are trying to copy Huawei's 5G but this they also unable to do so. England now refuses to dismantle the 5G network installed earlier as they have no better alternatives. So keep delaying and delaying, and continue to use Huawei's 5G. What a joke.
Got good stuff refuses to use. The rest of the world would overtake the Americans and the AngloSaxon countries in having the best 5G network and moving ahead with more advance AI applications, leaving the silly Americans and AngloSaxons behind.
Beitou is now starting to replace the antique GPS system just like the Tiangong Space Station replacing the expired life ISS.
The American Empire is in the same stage as the dying Manchu Dynasty in the late 19th Century and behaving exactly in the same way. Refuses to adapt and work with new technology. The Manchu China was left behind by the Industrial Revolution.
America has chosen to be left behind by the 4th Industrial Revolution and become dinosaurs.
The big joke is that Biden is trying to bribe the Africans with his 'digital transformation' plans for Africa just after the African Summit with African leaders. It failed even to take off and died an immediate death.
The even bigger joke is that his promise of US$360 billion was soon to be deflated and reduced to US$350 million for all the 54 countries in Africa. Which translates into US$7 million for each country to develop internet and digital infrastructures. Those infrastructures to be developed using the US$7 million must be children's toys for the Africans to play with. And the Africans do not even trust in his ability to keep his promise, with barely two years left of his Presidency.
The mother of all jokes, that takes the whole cake, is that the USA could not even put together a credible 5G network in the USA itself until now. I think the plan is to give Africa a 3G or 4G network which will still enable the USA to spy on African leaders talking to Russia and China. This must be the motive behind the idea why the USA is suddenly becoming so caring about Africans not having mass access to the internet. Surely, and in reality, developing 5G in Africa is beyond the capability of the USA right now.
Russia and China are providing free grains and aid to starving Africans and the USA is trying to provide 'digital transformation' for them of all things. When hunger cannot even be satisfied, what is the point of a 'digital transformation' when computers and mobile phones are beyond their most African's reach? What a dumb move that only those morons in Washington can think of.
Ultimately, the value of any currency (even gold and Rolex) depends on its implicit value, and implicit value is based on trust. Who do you trust? Someone who hides his accounts, or someone who create a facade.
All of us Rolex-loving sinkie kena suckered by the Chinaman and his Thai wife. Until now, we thought we could trust him but he never show anything, just promise to deliver or pay back money. His shop also is a facade. Even though he is caught, until now he had not been charged, and we have not got any of our money back. How can $36m disappear without any trace? Why the police never update us.
Similarly, I don't trust the Arabia. Many pray 5 times, but drink alcohol and womanise once they are outside. They are rich, but hypocrites. You can choose to see what you want to see.
Hi Anon 11.33
Are you referring to that so called instant baked red IC and Passport Sinkie that you claimed is a Chinaman or one of the very few actually NOT very smart but cunning and locally born Sinkies?
It's NOT that this Sinkie is Smart in scamming all other Sinkies but is easily led leashed by his nose by his cunning street smart cheats of his Thai wifey that are they are in their natural genes.
Sinkies in their cocoon Red Dot does NOT know of all these Hyenas and Wolves lurking around them in this Cheating World.
Also, Most if NOT all Sinkies are stupid or else they won't be labelled Dafts and called Sinkies.
Now NOT many SMART thinking Sinkies now exists with nearly sixty years of pampering and coddling by their Parental Papies and Mapies.
Also, now also had lost their abilities in Real Lifes Down to Earth Working Lifes and only knew how to speculate and lapped up their good lives by just flipping around with all sorts of monies making schemes the soft and easy ways.
Maybe, they also following their Leaders in doing so. They are also been scammed of nearly four hundred millions by an Americunt boy without so called Adults supervisions.
Nowadays with bananas following the Barbarians ways of upbringing their children, why got Adults Supervision anymore?
Where in the World they can simply trust all these individuals who just simply put their businesses online and advertised them that they can get cheaper luxurious wares elsewhere and parted their monies to them in advance and waited with wide eyed trusts that they be honouring their sales?
It's their own greed just simply to get a discounts and saved some of their pennies and think that they had good deals.
Likewise why so many are been scammed of jobs offers and loans deals when they are asked to transfer monies to their accounts in order to have them and approvals.
Lastly, just another example of their stupidity.
They wanted to make more monies by advertising that their BTO are brand new the last five years without even any souls staying in them except maybe for the seventh month Good Bros and Sisters who lodged in them temporarily.
They thought in this way they can asked for much higher price as most buyers would be delighted to have one that are "cleaned" just like NEW.
Never they think that they are contrevening or breaking the HDB's rules that must be owners occupied for five years before they can sell and most will always think that they can make a pile ahem without working a sweat just like the Americunts printing their currency.
Now, not only they made a pile but hopefully have their flats confiscated and return to the Board.
Thought these types of happenings are akin to my old time Sinkies friends who in their olden times speculated on private properties of newly launched Condoms and Landed and just wanted to flip them in a matter of months to have profits of piles of cash.
Now, even new Sinkies are doing.the same to public housings BTO flats.
My God, when are we or they going to wake up and still have the traits of our fore generations of just been buy and sell tradesmen and entreport service commissions agents?
NOT solid on the ground real industrialists and brillant innovators that could swept the wealth from outside as a World's Renowned Country of Pride.
Still wanted to built your artifical man made attractions to attract the Tourists to your stale Country?
Even World's class Resorts have to made turned and redone over many.times to attract the vistors that will go stale after a period of time.
Sinkieland wanted to be a circus of entertainment with all these economy churned servile industries?
Also just with their Casinos speculating of the World's Manipulating Shocks and Shares for them to con you?
MOT kaput!
https://www.asiaone.com/lifestyle/please-think-twice-singaporean-warns-super-human-jam-genting-highlands-theme-park. Sinkes loved to waste 7 to 8 hours of Jams at Checkpoints just to enjoy a few hours of entertainments. Or jus a few days.
https://www.channelnewsasia.com/singapore/empty-bto-flats-hdb-investigation-cases-property-portals-penalties-mop-3162821
Most so-called tourist and leisure attractions are patronized by the Locals who have no better things to do in the Tiny Barren Rock.
Wise foreigners do not waste their money to see man-made common
artefacts at exhorbitant prices.
It is obviously stupid to do so.
Period
Beg to differ. As a local, I never patronise those tourist and leisure attactions. Take Resorts World Sentosa for example. Dragged there once by my children, and all nothing but childish attractions that adults have no relation to. And not only vulgarly expensive like those others around the island. Only tourist will visit since they are here and have no other place to roam around during their stay. Waste of money for locals.
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