China warned to prepare for being cut off from US dollar payment system as part of sanctions like Russia

He’s such a liar!

Now, he denies it:

White House trade advisor Peter Navarro denies saying that China trade deal is ‘over’

US-China talks: Mike Pompeo’s seven-hour meeting with Yang Jiechi ‘helps atmosphere’ – but statements reveal divisions

June 19, 2020 Tina Marie (Ms. Cat)

US-China talks: Mike Pompeo’s seven-hour meeting with Yang Jiechi ‘helps atmosphere’ – but statements reveal divisions

As Pompeo and Yang were meeting, US Trade Representative Robert Lighthizer told a Congress committee that China had bought about US$10 billion worth of American products since January’s interim deal. He also said Chinese officials had reiterated their purchase commitment.

But relations are highly interconnected, especially with investment and manufacturing. The nations need one another for growth and development and the world relies on their cooperation to resolve critical issues.
The talks in Hawaii are a positive sign they both recognise the dangers of decoupling and engaging makes more sense.

American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh

June 15, 2020 Tina Marie (Ms. Cat)

American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh

From the border wall rhetoric to trade wars, Trump is effectively setting up the implosion of the dollar and couching it as pseudo nationalistic populism.

The New Cold War with China

June 12, 2020 Tina Marie (Ms. Cat)

No one can say at what point you or any of us will begin to feel the direct effects of this new Cold War, only that, as tensions and hostile acts heighten, the consequences will prove harsh indeed. So cheer now, if you approve of measures already taken to isolate and punish Beijing, but think carefully before you embrace a full-blown Cold War with China and all that it will entail.
The New Cold War with China