Iran too, is selling oil in Yuan to China, the major importer of Iranian crude, which is even more detrimental with de-dollarization on the cards. Here again, it is nothing about nukes, which is a red herring, as many have said that Iran is not developing nukes, which is against its religious doctrine, often repeated by its leaders. Even USA National Security leaders are saying the same thing, but they cannot hope to convince the neo-con war mongers in the Deep State and had to be removed.
Oh, Venezuela was doing that same thing, selling oil to China in Yuan, and see what happened to the country. And do not forget about Muammar Gaddafi who also shared to same mindset as Saddam Hussen.
Now BRICS is doing de-dollarization too, but with Russia and China providing the protective umbrella, the USA could do little to harm countries joining the bloc. Of course, we heard the threat by Trump of tariffing those countries joining BRICS to death. Suffice to say, why do countries joining BRICS really have to fear? The whole Global South can do business among themselves inside BRICS, outside the US$ and away from the USA. What can the USA be using to sanction or tariff them to death without the tools to do it? In fact, that will be counterproductive and escalate the fall of the US$ by forcing smaller countries to move away from using the US$ in more ways.
Anonymous
2 comments:
The problem with BRICS, is the I in it. Any collective effort to de-dollarise/delink from the big Bully will be sabotages by the I.
That 'I' is in big trouble now. Without massive industrialization, not enough jobs are created for around 12 million Indian graduates joining the employment market every year. Moreover, AI is taking over the call center jobs that India betted on. The shit is hitting the fan, not just dumped into rivers and roadsides.
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