|
|
|
|
|
by Hock88sdx
776 days ago
|
|
They dont have to do things cohesively. They just have to not use USD to transact and use BRICs dollars (or digital yuan or other members money to transact DITECTLY). If they can't, then use gold. Right now, many paper gold traders got spooked because every gold transaction must be deliver physically to Shanghai. This has never happen before where physical deliveries usually waived and then paper gold just go back into the system recycled. If you want to buy oil, you tap on Russian shadow fleet via rubble-yuan. This is NOT recorded in any western books. If you want to buy Tesla and BYD, the final conversion rate remit into China is Yuan. If you need refined shadow fleet oil from India, you pay Indian in rupees. For the first time massively since 1970s, USD no longer been transacted actively in Asia. You can check financial data now, a huge 40% gone missing and had to be estimated because no indication of USD transactions. There is now no direct data how much Russian-China doing business with other than estimated. The same goes with BRICs members internal payments of non-USD since mid last year. The closest estimate is done via accounting of what USD transactions should have "grown" or "loss" year over year. And that is where 40% comes in. Get a friend in FED. You will know more. |
|