If they fail however, that stand to lose everything and given how the leadership is becoming increasingly more insane, well they must be prepared for a time when resources abroad will no longer flow to the USA and also a time when the people simply will not put up with the government any more due to this. I don’t think the leadership is remote prepare for what is coming
Miscellaneous News
- Thread starter bd popeye
- Start date
Yuan internationalization gains pace amid geopolitical tensions as Rusal issues bonds
Global de-dollarization push continues to gain pace: expert
By Published: Aug 03, 2022 10:27 PM
RMB Photo:VCG
More countries are poised to pivot to the yuan, arguably the most preferred non-Western currency for the developing world, Chinese experts said on Wednesday, amid a global push toward de-dollarization that began in 2021.
The yuan's relatively stable exchange rate and market anticipation of gradual appreciation has ensured its popularity among many developing countries, especially after the Russia-Ukraine conflict began in February.
The latest example of the yuan's growing foothold abroad is the issuance of 4 billion yuan ($590 million) worth of yuan-denominated bonds in the Russian market by Rusal, a Russian aluminum company, with the issuance completed on Wednesday.
....
Given China's massive purchasing power for commodities, I'm surprised they haven't started demanding producers from "unfriendly" countries accept Renminbi for purchases of coal/iron ore/bauxite/etc. Heck, they don't even need to demand, just offer a 0.1% premium(relative to local currency) for CNY payments or demand a 0.1% discount for USD ....
It's why I've always said that defeating the US and its vassals was far more important than even a Chinese or Russian victory, because as long as the incumbent hegemon remains in place the demands never stop no matter the concessions or guarantees given. Monopoly uber alles is the hegemon's modus operandi after all.
solarz
Brigadier
Sounds like a win to me.
2022-08-04 09:55:05Xinhua Editor : Li Yan
An earthquake with a preliminary magnitude of 5.6 struck off the coast of Fukushima Prefecture in northeast Japan on Thursday, the weather agency here said, although no tsunami warning has been issued.
According to the Japan Meteorological Agency (JMA), the temblor, which occurred at 9:48 a.m. local time, was centered offshore with its epicenter at a latitude of 37.6 degrees north and a longitude of 141.7 degrees east.
The agency also said the quake occurred at a depth of 60 km.
The earthquake logged 4 on the Japanese seismic intensity scale which peaks at 7 in areas of Fukushima Prefecture and 3 in some neighboring prefectures.
There have been no immediate reports of major damage or injuries as a result of the quake.
Japan's nuclear watchdog has not reported any abnormalities at Fukushima's stricken Daiichi nuclear power plant.
Liz Truss level of geography
Lucky for Zimbabwe the US is preoccupied.
SteelBird
Colonel
Another flash point of armed conflict. This time it is Armenia vs Azerbaijan. Again, drones take an important roles in the attacks. Looks like Russia really need to buy some armed drones from China. Where are the Wingloong and Caihong when you need them?
Haha Chinese drone sales person reappears
Armenia is so fucked it doesn't have capable anti drone tools as far as i know.