The dollar's paradigm shift

 The mighty US dollar was what every country was craving for. It was the safest and dependable reserve currency for the world. Practically every country would hold on to some US dollar in their national reserves. International trade was all done in the dollar. Many countries work their guts out to sell their products and services to the US in exchange for the dollar. The US was in such an enviable position, to print toilet paper into money to buy everything they need for their own pleasure.

China's economy was in a big way anchored to the US economy and the dollar. The Chinese work tirelessly for the last few decades to send their products to the US for the dollar. They amassed trillions of US dollar, even converted a big sum into US T bills for safe keeping and to earn interest.

Every country grudgingly put up with the dollar as the world's reserve currency when there was no alternative available. But things took a dramatic change when the Americans abused this privilege and weaponised the dollar to bring down their enemy countries through sanctions and ransom of the international financial system. The urgency to look for an alternative to the dollar gains speed and traction. Within months, the whole picture of the dollar as the reserve currency changed.

Dedollarisation is now the top game being played by the international community. The dollar is no longer the only means for international trade. The implications are pervasive and far reaching. Before the straw broke the camel's back, China was carefully working to by pass the trade wars and sanctions imposed by the Americans. It moved many of its low end industries overseas, to Asean, esp Vietnam, Indonesia, Africa and Latin America. The branded shoes and apparel factories popped up everywhere, making the same shoes and whatever, to sell to America. China still make the money as well as the countries where their factories have been relocated. All earning American dollar.

This is going to change when the value of the dollar plummaged. What is the point of earning dollar when it is no longer a safe currency, when its value is falling everyday? What is the point of earning dollar when it is not going to be accepted as an international currency? It has not reach this point yet. What if, the dollar becomes like the Argentinian or Venezeulan currencies,  when it becomes a banana currency? When this day comes, China nor any country would still want to sell to the American market in exchange for the dollar that is worth nothing but toilet papers. And when no one wants to sell to the Americans, you can imagine what the scenario would be, a hamburger costing $200 today and $400 tomorrow, and eventually there will be dollars everywhere, like banana currency. Have dollars but worth nothing and can buy nothing. The shelves of Walmart stores would be empty.

Every country would be turning to China to sell their goods and services for Yuan or BRICS currency instead of the US.  1.4b middle class Chinese would absorb the products and services from the rest of the world. There will be no American tourists as their dollars not wanted and not usable. By then the Yuan and BRICS currency would earn their place as the most trusted and safest international currency for trade and savings, as national reserves. Whither the dollar when the trust and confidence is lost, when it is not backed up by anything, but just a piece of toilet paper.

And no more sanctions when every country is not using American dollar.

When would this day come, the day of reckoning for the evil American Empire, for bullying the rest of the world, for cheating on the world, for abusing the dollar, for abusive the trust of the people of the world, for lying to the world and for creating all the wars in the world? It would be very soon and surprise everyone. The Americans still telling each other that China has a lot of problems and the US has no problems, at home or abroad. What a blessed country, America!

Indians Nervous as China Seeks to Reclaim Its Ancient Territory of Zangnan (or South Tibet, Arunachal Pradesh)

China's Ministry of Civil Affairs on Sunday standardized the names of 11 places in Zangnan (southern part of Southwest China's Xizang Autonomous Region) in Chinese characters, Tibetan and pinyin, in accordance with regulations on geographical names issued by the State Council, China's cabinet.

Zangnan, or South Tibet, is the name the Chinese government refers to the state of Arunachal Pradesh, which is located in India’s northeast. China lays claim to around 90,000 square kilometers of the land of Zangnan (the southern part of China’s Tibet) as part of the Tibet Autonomous Region (TAR) of China.

It is a legitimate move and China's sovereign right to standardize the geographical names. The official names of the 11 places were released by the ministry on Sunday, which also gave precise coordinates, including two residential areas, five mountain peaks, two rivers and two other areas. It also listed the category of places' names and their subordinate administrative districts.

This is the third batch of standardized geographical names in Zangnan issued by the civil affairs ministry. The first batch of the standardized names of six places in Zangnan was released in 2017, and the second batch of 15 places was issued in 2021.

Zangnan is located in Southwest China's Xizang region which has been China's territory since ancient times. In order to strengthen the standardized administration of place names, China's move to standardize the names in Zangnan completely "falls within China's sovereignty" and it is also in accordance with the regulation on the administration of geographical names.

It is more meaningful to safeguard national sovereignty, maintain peace in border regions and manage border-related matters at the legal level. For instance, some river names were standardized, making people more aware of China's territory.

A revised rule on the management of place names by the State Council came into effect on May 1, 2022. The regulation requires strict management over the naming and renaming of localities and sites.

The names were written both in standard Chinese characters and Tibetan, reflecting the respect for ethnic culture in accordance with the law. Meanwhile, the third batch of standardized names added corresponding pinyin, which will help people to remember and identify these place names more conveniently and accurately.

Indian external affairs ministry spokesperson Arindam Bagchi claimed: "Arunachal Pradesh has always been, and will always be an integral part of India. Assigning invented names to places in Arunachal Pradesh does not alter this fact.”

Chinese President Xi Jinping had said China cannot give up “even one inch” of territory that the country’s ancestors left behind.

The Indians are nervous over China's coming moves to reclaim its lands that will stolen by British India that are now administered by New Delhi.

 Anonymous 

PS. Arunachal Pradesh was carved away from China by the pen of a white man coming from the British isles. There was no India before 1947.

World Makes a Move Against Analmerica

'Since the end of World War II, the US has taken the position that it has an absolute right to bully the entire world. Following the lunatic sanctions against Russia last year, most of the world, led by China, has begun questioning this assertion, and claiming that the US does not have this right.'

China recently asserted itself as the natural leader of the free world by negotiating a peace between Saudi Arabia and Iran, countries which had been at one another’s throats for nearly five decades. This not only put the US to shame, indicating that China is more capable of securing peace than the supposed “global democracy system,” but was also an attack on the core interests of the United States.

When Putin met with Xi last month in Moscow, they did a toast “to Biden, for bringing us together.” This appears to be applying to every country outside of the direct control of the United States.

Now, Saudi is leading an attack on the US, kicking them while they are down by cutting oil output.

Russia already voluntarily cut oil output by 500,000bpd back in March, in retaliation for an oil price cap introduced by the West, which it said would eventually result in scarce supply and trigger uncertainty in the global market. On Sunday, however, Moscow announced it will synchronize with OPEC in extending its cut until the end of the year.

The goal, obviously, is to push the US and the collective West into an economic collapse before they are able to set off a global war. This is an act of radical peace by the world aligned against the Beast.

With each day that passes, the US gets further past the point of no return, with the possibility of a global war becoming less and less likely.

Joe Biden might go down in history as the man who who saved the world by creating the conditions for the end of this empire.

Link to arrticle:
https://www.unz.com/aanglin/world-makes-a-move-against-analmerica-oil-outputs-cut-energy-prices-explode/

Anonymous

Charlie Munger - when copying the worst of democracy

 

5 minutes of hard truth and wisdom from Charlie Munger on democracy as a defective system for economic development. He was asked if a democracy like India could grow like Singapore, another democracy?

The answers were a dose of hard truths that was a bit difficult to swallow for India.

Arab World seizing the moment...Evil American Empire planning to strike back

For the last few decades after WW2, the Americans have been lying and bullying the Arab countries by shouting peace but fixing them up for endless wars against each other and building up Israel to lord over the Arab countries. The Americans were never for peace. They want every country to be fighting each other, they want the whole world to be destabilise except North America.

It is not that the Arabs were stupid and did not know they were had. They were just too weak to resist. It is only now that the combined forces of China and Russia were strong enough to give them the backing and confidence to stand up against the control and manipulation of the Americans. Now they could push for peace and development, even ending petrol dollar.

Saddam Hussein and Gaddafi tried but were killed by the Americans and their countries invaded. The Americans could not lie about what they had done to Iraq and Libya and all the Arab countries. The Arab countries are crying for the Palestinians but could not do much against the might of the Americans and the West with Israel as the fighting dog.

Given this chance, the Arab countries are not going to lose it and are in together to break free from the oppression of the evil American Empire. It is now or never. They seized the chance to have their freedom back and to chart their own future, in their own interests, not in the interests of the Americans, the West or Israel.

 Anonymous 

Now the Americans may want to do the unthinkable, to take down the Arab countries again, starting with Saudi Arabia. The Saudis are prepared for it, with DF21Ds, YJ21s, drones etc etc and with assurance from Russia and China to come to their defence.

An attack by the Americans or Israel on Saudi Arabia or any Arab countries would be an attack on the Arab and Muslim world and on Russia and China. The Americans and the West would not be allowed to take out individual Arab countries one at a time like Iraq, Libya, Syria etc etc anymore. Russia has put the first stop in Syria.