Sunday, July 09, 2023

China & Russia To Dump the Dollar?

China and Russia--along with 41 other nations--are about to put up a new, gold-backed, currency which could replace the USDollar.  If not now, it'll be in the not-distant future, meaning that the US will have to use their currency to purchase goods from China.  And that's a LOT of goods.

That's why Yellen was (literally) kowtowing to some Chinese minister last week; her mission was to prevent the introduction of that currency.

She failed, of course; and the Chinese--adding insult--fetched an Uber for her and told her about a good Chinese restaurant a mile away from the Government offices.

Not to worry.  We have cluster-bombs and Biden ain't afraid to use them.

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