It would be a beautiful sight when the natives finally get to put some white colonists back into reservations.
Miscellaneous News
- Thread starter bd popeye
- Start date
So if these Chinese banks are so scared about these western sanction, how does China still buy Iranian oil?
They over did it by sanctioning Russian cats. Now MBS wants to diversify his assets.
Ukraine war may ‘change trajectory’ of China’s moves to insulate against US dollar, Fed chair says
US Federal Reserve chair Jerome Powell said the Ukraine war could have the effect of ACCELERATING CHINA’S MOVES TO DEVELOP ALTERNATIVES to the current US dollar-dominated international payments infrastructure.
Powell was questioned on Thursday in a US Senate Banking Committee hearing on how China might view the US-led efforts to isolate Russia’s economy, especially by damaging its ability to use the US dollar.
Senator Jack Reed, a senior Democrat who has focused on China’s rise as a global power, told Powell at the hearing that Beijing will start thinking about “how they can avoid that fate if they get into a similar circumstance” as Russia.
China “will look very closely” at the “whole issue of the dollar as the medium of exchange to the world,” said Reed, who chairs the Armed Services Committee.
Reed asked Powell if he was watching the issue and whether he would report back to the US Congress on developments and share views on what he thinks might happen. “Yes to all of the above,” Powell said.
Powell said that China has “for some time” been working on the reserve-currency status issues, and been developing a messaging system for international payments that is like the SWIFT system.
The United States and European nations have moved to bar Russia from using SWIFT, which is vital to international payments in US dollars.
“That’s been going on for some time,” Powell said of Chinese efforts to insulate themselves from what Reed described as “the same thing that they’re observing in Russia now.”
“But this may change the trajectory,” Powell added.
~~~~~~~~~~~~~~~~~
During an interview, Saudi Arabia "considers options" of reducing investments in the US, says crown prince Mohammed bin Salman. The Kingdom's investments in China are less than $100 billion, but growing very fast, he added.
Crown Prince Mohammed bin Salman: America, by waging a war in Iraq, gave extremists a window of opportunity - Al-Arabiya
Crown Prince Mohammed bin Salman: I don't care whether U.S. President Joe Biden misunderstood things about him saying Biden should be focusing on America's interests, instead focusing on 'Human Rights' in the Kingdom - Reuters
Crown Prince Mohammed bin Salman: “Iran and Saudi Arabia are neighbors and will always remain neighbors. It's better if we resolve our issues with Iran. We have had four rounds of talks with Iran.”
KSA Crown Prince Mohammed bin Salman in a phone call with Putin: We are ready to mediate between the parties to the Ukraine crisis
- US Federal Reserve Chair Jerome Powell was questioned on Thursday in a US Senate Banking Committee hearing
- The hearing focused on how China might view US-led efforts to isolate Russia’s economy, especially by damaging its ability to use the US dollar
US Federal Reserve chair Jerome Powell said the Ukraine war could have the effect of ACCELERATING CHINA’S MOVES TO DEVELOP ALTERNATIVES to the current US dollar-dominated international payments infrastructure.
Powell was questioned on Thursday in a US Senate Banking Committee hearing on how China might view the US-led efforts to isolate Russia’s economy, especially by damaging its ability to use the US dollar.
Senator Jack Reed, a senior Democrat who has focused on China’s rise as a global power, told Powell at the hearing that Beijing will start thinking about “how they can avoid that fate if they get into a similar circumstance” as Russia.
China “will look very closely” at the “whole issue of the dollar as the medium of exchange to the world,” said Reed, who chairs the Armed Services Committee.
Reed asked Powell if he was watching the issue and whether he would report back to the US Congress on developments and share views on what he thinks might happen. “Yes to all of the above,” Powell said.
Powell said that China has “for some time” been working on the reserve-currency status issues, and been developing a messaging system for international payments that is like the SWIFT system.
The United States and European nations have moved to bar Russia from using SWIFT, which is vital to international payments in US dollars.
“That’s been going on for some time,” Powell said of Chinese efforts to insulate themselves from what Reed described as “the same thing that they’re observing in Russia now.”
“But this may change the trajectory,” Powell added.
~~~~~~~~~~~~~~~~~
During an interview, Saudi Arabia "considers options" of reducing investments in the US, says crown prince Mohammed bin Salman. The Kingdom's investments in China are less than $100 billion, but growing very fast, he added.
Crown Prince Mohammed bin Salman: America, by waging a war in Iraq, gave extremists a window of opportunity - Al-Arabiya
Crown Prince Mohammed bin Salman: I don't care whether U.S. President Joe Biden misunderstood things about him saying Biden should be focusing on America's interests, instead focusing on 'Human Rights' in the Kingdom - Reuters
Crown Prince Mohammed bin Salman: “Iran and Saudi Arabia are neighbors and will always remain neighbors. It's better if we resolve our issues with Iran. We have had four rounds of talks with Iran.”
KSA Crown Prince Mohammed bin Salman in a phone call with Putin: We are ready to mediate between the parties to the Ukraine crisis
There's a recent surge in opposition parties (PPP & PMLN hugely influenced by West) to outset PM Imran Khan after his strong stance or bold stance on US/EU policies or in other words Pakistan is making a shift in foreign policy which wasn't seen during the previous tenures of Nawaz Sharif & Asif Zardari regimes and general conses in Pakistani public is the current opposition parties move to outset PM is backed and funded by US for a regime change ....
Find below a tweet from ex-general ....
Time for China to buy or rent some Russian nukes. Let's start with 500 nukes from Russian inventory
Will Russia Demand Payment For Nat Gas & Oil In Gold? (02 MAR 2022)
Alasdair Macleod: Sanctions preventing Russia spending $.€,£ etc. renders them as RCB reserves VALUELESS. Therefore there is NO POINT in RCB (Russia's central bank) holding them. Yuan are OK because of China partnership. Otherwise, only reserve asset of any value is gold.
Russia doesn’t need $,€,£ etc. because she has HIGH EXPORT SURPLUSES and domestic economy is stable. Income tax is flat 13%, business regulation is light and govt debt to GDP is under 25%. There is no point in selling natural gas and oil FOR CURRENCY WHICH CANNOT BE SPENT.
Therefore, Russia HAS LITTLE OPTION BUT TO DEMAND payment for natural gas and oil in gold. It would allow her to replace USELESS CURRENCY RESERVES, and to back rouble currency expansion to meet public deposit withdrawals. It HAS BEEN FORCED ON Russia by stupid Western sanctions!
Good Luck Fed
Luke Gromen: Powell doesn’t yet realize he’s going to have to buy a significant portion of the bond market in coming months, into an inflation spike.
Investors Will Find Out “It’s Never Different This Time”
Luke Gromen: Investors that have long believed that the US is the ONLY TWIN DEFICIT COUNTRY in human history for which GOVERNMENT DEBT DOESN’T MATTER are about to learn “IT’S NEVER DIFFERENT THIS TIME.”
Alasdair Macleod: Sanctions preventing Russia spending $.€,£ etc. renders them as RCB reserves VALUELESS. Therefore there is NO POINT in RCB (Russia's central bank) holding them. Yuan are OK because of China partnership. Otherwise, only reserve asset of any value is gold.
Russia doesn’t need $,€,£ etc. because she has HIGH EXPORT SURPLUSES and domestic economy is stable. Income tax is flat 13%, business regulation is light and govt debt to GDP is under 25%. There is no point in selling natural gas and oil FOR CURRENCY WHICH CANNOT BE SPENT.
Therefore, Russia HAS LITTLE OPTION BUT TO DEMAND payment for natural gas and oil in gold. It would allow her to replace USELESS CURRENCY RESERVES, and to back rouble currency expansion to meet public deposit withdrawals. It HAS BEEN FORCED ON Russia by stupid Western sanctions!
Good Luck Fed
Luke Gromen: Powell doesn’t yet realize he’s going to have to buy a significant portion of the bond market in coming months, into an inflation spike.
Investors Will Find Out “It’s Never Different This Time”
Luke Gromen: Investors that have long believed that the US is the ONLY TWIN DEFICIT COUNTRY in human history for which GOVERNMENT DEBT DOESN’T MATTER are about to learn “IT’S NEVER DIFFERENT THIS TIME.”
People are against this, but Pakistan is hopelessly compromised by foreign interference. The West is using its NGOs, and Iran is using its agents to spread religious/Iran friendly ideas.
Unless Pakistan expels foreign influence it will forever be like that
And also note how Biden has still not called IK since he took the presidency. Its like he knew that IK was going to be changed shortly....