JUST IN: π¨π³ China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades.
Discussion
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Wow
This is huge, like a domino cascading across all countries, wouldnβt think the French would have been one thoβ¦..
Right..
Hahaah n soon no more valuing petrol in dollars β-> collapse
It appears to be the trend.
Pretty sure youβve already seen it but yesssssirrrr https://finance.yahoo.com/news/saudi-arabia-just-said-now-213200817.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFjS0eahpTgaEBhlkfvNyUMGoe_c2BeKBdiqLySJ30Ii3yyoPTB7oUvWyDcPjotQ08qtILzA89Ryn1ZyxZbEyNdnLzJJNfEcHNGxHQ6jbJixStq3iEI1y0Ej3McW_DFddNuwtNdM5axeJXP2-bEPXJ1Z6tSfI5zurW17fJgJA3xe
They been saying it since the beginning of 2023
This is huge! Wonβt be too much longer and the US wonβt have any allies left. The castle is starting to crumble.
Completely false conclusion. The currency of payment could be Indian rupees for what it's worth. How you denominate an invoice is irrelevant. The French will continue to put USD in their reserves, not RMB.
Point is they completed their first transaction using yuan.
Couple this with the BRICs expansion, saudis funding refinery in China, Kenya president remarks and actions the past week. The discourse with Taiwan / Latin America and etc.
Zoom out.
Zoom out? XD I think you are the one who needs a wider and more elaborate view.
Payments in yuan and in any other currency happen comstantly. The point ia that they will be converting the price from USD first when they negotiate, and they will convert the yuan into USD when it gets to Moscow.
These are simple facts of economics and trade. There's no room for freak conspiracy theories.
By the way, stop with the "BRICS" silliness too. This term has been around for more than 20 years now. I have no idea who in the right wing media decided to dust it back into existence a couple of weeks ago to agitate the populace with this conspiracy theory.
There is no "expansion" of the BRICS because there is no "BRICS", they're not an organization, they don't even have common interests. In fact the label was just a loose descriptor for five large second world economies at the end of the 90s: Brazil, Russia, India, China and South Africa. That's all. It fell out of use precisely because China's growth and dominance set it a part, and because the geopolitical interests of India have changed a lot since then.
Zoom out, and zoom into reality, friend.
No common interests? Not a single one of them participated in sanctions against Russia during the conflict.
Iβm sorry, I 100% disagree. Letβs let the next two weeks shake out.
I recall Saddam and Kaddafi tried something similar which brought their end among other things.
Times are changing. This is huge.
