Quote:

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Originally posted by SIGNYM:

Quote:

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Originally posted by THG:
Sanctions Tighten the Noose Over Russia’s Economic Lifeline: Yuan Shortage Looms

Russia’s reliance on China’s yuan has become a cornerstone of its economic activities since Western sanctions heavily impacted the country’s global financial access following its invasion of Ukraine in 2022. As Moscow was cut off from the dollar and euro markets, China emerged as a vital economic partner. The yuan, China’s currency, soon became the most traded foreign currency in Russia, allowing businesses to maintain crucial trade and financial operations.

However, this vital lifeline may soon face a serious challenge. The United States, in its ongoing efforts to pressure Russia economically, has steadily expanded its sanctions. In June 2024, U.S. sanctions forced the Moscow Exchange to suspend trading in dollars and euros, while a Treasury Department license temporarily allowing some transactions will expire on October 12.

https://www.msn.com/en-us/money/markets/sanctions-tighten-the-noose-ov
er-russia-s-economic-lifeline-yuan-shortage-looms/ar-AA1rr98v?ocid=msedgdhp&pc=U531&cvid=2b7e06e9d9c54709aeddb0b8a5071ef2&ei=130

THUGR: tick tock says the clock.

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And this is the reason for having the central banks be currency clearing houses.

If that happens, de- dollarization takes a giant step forward.


For Whom the Bell Tolls

"Therefore, send not to know,
For whom the bell tolls.
It tolls for thee."

John Donne
https://www.yourdailypoem.com/listpoem.jsp?poem_id=2118



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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Americans support America

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I'm going to laugh at everyone telling me I should have kept slaving away 9-5 for
years and keep stacking that cash on top of my already more than adequate pile if that happens.
Then I'll laugh even harder as they try to pay off all their loans for all the shit they
bought on credit that they didn't need with worthless currency.

When everybody is a Millionaire, nobody is a Millionaire.



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Trump will be fine.
He will also be your next President.