Why China WILL collapse the Dollar.
When China exported to the U.S. they were the sellers, and sellers take whatever currency they can get from those willing to import their (Chinese) goods.
The U.S. Dollar
Now… China is becoming the largest import economy in the WORLD with 1.4 billion people.
The sellers (commodities-oil) will have to take whatever currency they are exporting the most goods too (China).
That is now the RMB! (Gold-backed)
That’s why global oil is now being invoiced in RMB (OPEC).
Africa will NO LONGER export to the U.S. or Europe (indebtedness).
China (and the world) will no longer support the currencies of the G7.
For the last 50 years, the G7 endorsed an anti-labor, anti-union policy, and to solve that problem of being against a middle-class and supporting higher wages, they exported manufacturing jobs first to China.
And because China used automation correctly, the West couldn’t move manufacturing jobs out of China. Too much capital (trillions) was already invested by the West.
Basel III set up by the Western banking cartel (BIS) thinking they could fool the East to move their gold to the New York Fed were out-foxed by Putin-Xi.
Because Saudi oil was still invoiced in USD’s, since 1990, the U.S. oligarchs created massive Ponzi financial asset bubbles that are now popping as a result of massive QE which pushed interest rates higher.
Basel III makes Western Banks mom-compliant in terms of tier 1 capital (gold), and China’s RMB will be backed by gold.
A defunct Western banking cartel makes the dollar and U.S. Treasury bonds null and void.
Meaning poor countries no longer have to hold 5,000/$70 dollar reserves (5000 Thailand bhat to $70 bbl USD oil trade).
Putin-Xi just check-mated the West (neocons)
Trump won’t save you
DeSantis won’t save you
Biden won’t save you
RFK won’t save you
Accept the facts, for 30+ years, jobs in America sucked, and everyone turned to the quantitative easing vodka punch bowl.
To invest in Ponzi financial assets
-GAME OVER!!