When China stops accepting the dollar...

 The Washington clowns still trying to increase more Chinese companies in their Entity List to hurt China. China on the other hand is quietly working towards full decoupling with the US. When China is fully decoupled from the US, it does not need to trade with the Americans, no need to buy anything from the Americans. If the Americans want to buy Chinese goods, they have to buy from third countries. When this stage is reached, China does not need US$ anymore. It can then dump all its holdings of Treasury Bills and dollars into the market. China's holding of the Treasury Bills is down to US$680 billion from a high of US$1.4 trillion, and shrinking everyday. China can then order all Chinese banks and businesses to stop accepting the US dollar. Can this be possible?

When China no longer accepts the dollar, all its trading partners can only pay for Chinese goods in Yuan or other currencies except the dollar. They too will have to liquidate their dollar holdings, or reduce it to only what they need for trades with America and countries that are still using the dollar. 

The effect is that there will be an over supply of dollars in the system. America will continue to print more dollars to roll over its multi trillion dollar debt. With China dumping the dollar, and with more countries reducing their holding of the dollar, dollars will be overflowing everywhere. American banks will be flooded with dollars. American banks cannot refuse to accept the dollar as a means of exchange. Soon a vicious cycle will be activated, with countries trying to hold less of the abundant dollars for their own safety.

The BRICS countries and the Global South countries would also be trading with their own currencies and if possible, will also not accept dollars for payments as they too have lesser use of the dollar. Plenty of dollars would return to America to make America very rich with all the dollars they have printed and are continuing to print.

The net effect of having so many dollars in the system but with lesser utility value and lesser users, is not difficult to guess. The question is can it happen, when will it happen?

Russia has already started not to accept the Euros for oil and Russian goods. The Euros would end up as an illegitimate currency outside Europe. And there is the BRICS formula for trading in their own currencies except the dollar and also the Euros. There is an alternative financial system in place outside the SWIFT system. When the Global South countries are trading among themselves, there is no place for the dollar and Euros. 

Good riddance to bad rubbish. The end of the dollar, and the Euros, is around the corner.

Trump's Vietnam. Would American boys and girls want to die in Venezuela when they don't have to?

Why is Trump not putting boots on the ground in Yemen to fight the Houthis? The fact is, the USA is wary of another Afghanistan. The Taliban fighters, or should I call them farmers, carry only small weapons, while the USA forces have the best arsenal and supported by heavy artilleries, fighter jets and tanks. How to lose a war like that is unthinkable.

Now, the world is talking about Trump maybe putting boots on the ground in Venezuela. Trump thinks this is just like sending home guards to Los Angeles, a walk in the park for them. Going into Venezuela is going to be another Vietnam, that those serving today may not yet have tasted. Should that happen, Trump's son is probably going to be in the thick of things. Oops, maybe not if Trump can come up with inherited bone spurs excuse, LOL.

By the way, Brazil and Mexico leaders are trying to broker a peace deal between Trump and Maduro. How dare they do that and stealing the limelight from Trump, the peace President, who will be able to do a peace deal within 24 hours himself and gather the honors to move closer to a real 'Peace Prize' instead of a football toy.

But as always, we can more or less expect what to expect at a circus. Enjoy the show!


Anonymous

American AA missiles cannot hit an air balloon at close distance!

Haha, China is learning how to behave like the USA, but not in areas that the USA wanted. While the USA has weaponized its US$, China is weaponizing its control of rare earth, its manufacturing over-capacity and most discreetly its military development. China's spending may be dwarfed by the USA but gets more bang for the buck. China is now selling its proven weapons to many countries. I am sure these are not areas that the USA wanted China to behave like them, right?

Yes, the USA has to be careful of what it is asking for, with more to come from China. China is trying to share the aviation sector cake now. China is also pouring resources into chip development to rival the USA. The fact that China is confident enough not to extend an opening for Nvidia's H200 chips from entering the Chinese market is a clear signal that China is still in the game. Data centers in the USA are being strangled by energy shortage and competing with domestic users, which says a lot about USA's AI sector. Jensen Huang already mentioned that cheap energy is the deciding factor moving forward, not hardware dominance. Is the man saying this for fun.


Anonymous


PS. When it needed two or three air to air missiles to knock down a hot air balloon that is barely moving, not evading, not jamming, and at short distance, with the pilot having all the time in the world, not under any pressure, it speaks a lot about the quality and reliability of American weapons.


Chinese air to air weapons, like PL15, can accurately hit a moving target at high speed, more than a 100km away, now that is something to talk about. That is the quality of the technology, hardware and software in the missile, in the firing aircraft and the surveillance radar tech of the AWACS.

Washington clowns fighting wars they cannot win

Before learning to walk, the West had been talking about running a marathon, exploring mining rare earth under the sea and in space. Really laughable! Rare earth dirt is so abundant everywhere, why float such nonsensical ideas that cannot make sense.

Mongolia had plenty of rare earths that the USA had bulging green eyes to exploit, but due to its enclosed position without seaports, the idea had to be abandoned. China and Russia would not allow the use of their ports to be used by Mongolia, knowing they will be helping the USA instead.

Now, think about mining rare earth in space. The cost would be astronomical if even possible. Stupid idea from stupid people playing stupid games and getting stupid prizes is all I can think of.

The USA is looking for trouble trying to seize vessels operated by China and Iran, hoping to find something of technological value to steal. China can easily send its weapons sold to Iran by rail now. No sweat! The USA is now placing sanctions on 29 Iranian vessels. As I said earlier, those living in glass houses should not try to throw stones. Iran can retaliate very easily, targeting ships operated by the USA and Israel around the Middle East.

The USA tried to target China's shipbuilding industry by raising levies on Chinese built or operated ships and China did the same to them. Chinese ships now avoid calling at USA ports and instead went to European ports. After all, China is in no mood to continue to trade with the USA. Is that a problem? Despite all the news about port fees being imposed, China is still doing a roaring trade with the rest of the world and chalking up a trade surplus of more than US$1 trillion. That must be agonizing news to swallow for the USA.


Anonymous

Venezuela owing a mountain of debt to China?

 The western narrative, Venezuela owing China US$60 billion that it can never pay back. And China is hooking Venezuela onto this debt trap and squeezing Venezuela for concessions and natural resources like oil and minerals. Anyone not informed of the truth would simply swallow this lie and thinking China is exploiting Venezuela and bullying Venezuela. China is the bad guy! Really?

Is this the truth? For more than 15 years, the rogue regime in Washington have done all kinds of evil acts to strangle the Venezuelan economy, to bankrupt it like Cuba or Russia. With more than 900 sanctions and all kinds of embargoes, blocked from the SWIFT financial system, Venezuela is as good as being cut off from the international trade. As the country with the biggest oil reserves in the world, producing more than 10 million barrels of oil daily, the production has been reduced to only a few hundred thousand barrels a day. The Americans have withdrawn all its oil production crew, stop pumping oil from the wells used to be controlled by the Americans. The sanctions have frightened away all buyers of Venezuelan oil. The Venezuelan economy was broken. There were Venezuelans dying of starvation and food shortages because of the blockade by the American terrorists. From a relatively rich country, Venezuela was broke. Venezuela was isolated to be crushed by the Americans. Cannot trade with the rest of the world like Cuba and Russia. 

This is the work of the evil American Empire against Venezuela, including coups, assassination attempts, robbing of Venezuelan gold reserves in UK banks, blockades, threats of invasion.

Venezuela has no buyers for its oil and produces, and no money to buy food for its people. The Americans wanted to starve the Venezuelans and push them to rebel against the Maduro govt, putting all the blames on Maduro as incompetent and even corrupt dictator. With the American terrorists terrorising everyone, no one dares to trade with Venezuela. China came in when no one dares. China defies the American threats and sanctions and sell whatever Venezuela needs for its people. But Venezuela has no money to pay. China offers to buy its oil, in defiance of the Americans. China buys as much as 90% of Venezuela's oil exports and other produces. 

What China did is shocking to the Americans and the world. China pays Venezuela in advance, all US$60 billion to kick start the Venezuelan economy. The US$60 billion is NOT debt, not debt trap. It is money for survival, money that China paid for Venezuelan oil and goods. And Venezuela can repay this with oil and other goods by instalments to China. With the biggest oil reserves in the world, Venezuela has all the means to pay back whatever it owes to China, or whatever China pays in advance. China is giving a lifeline to Venezuela, not a debt trap, to survive from the oppression and sanctions by the Americans.

Venezuela can be a very rich nation if it is able to sell its oil freely to the whole world. But the American terrorists have blocked this path, now with a full blockade of oil tankers in and out of Venezuela. But no worry, China will continue to buy Venezuelan oil, China will continue to invest in Venezuela, help Venezuela to pump its oil, to build infrastructure, to rebuild its economy and feed the Venezuelans.

China did not stop at these. China is helping to build up Venezuela's defence capability by selling it the needed military weapons to defend itself. Russia and Iran and many other countries are also selling weapons to Venezuela to take on the American military threat, threat of an invasion, threat of a regime change, threat of assassinating Maduro.

The American lied about debt trap and Venezuela being unable to pay its debt are the cruel narratives and lies of the American terrorists. Venezuela is surviving the harsh sanctions of the American terrorists and recovering very well and growing its economy. Its people now have enough to eat and not dying from starvation imposed by the rogue regime in Washington.

Venezuela, like all Latin American and African states have a lot of natural resources to sell, to export for revenue to develop their countries, if not because of the cruel and oppressive sanctions of the evil American Empire. All Central and Latin American states are rising in rebellion against the evil American Empire.

China is paying in advance for Venezuelan oil. Only China will do this, US$60 billion, in defiance of the evil American Empire.