Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade
Israel’s central bank added yuan to its reserve holdings for the first time ever.
Previously, the bank only held US dollars, euros, and the British pound.
According to the IMF, the dollar’s share of the total global currency reserves has fallen to its lowest point in over two decades.
Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade
Tag: Yuan
America Sanctioning Itself Into Economic Decline
No one sanctions like America. Two or three dozen countries being destabilized with many thousands dying from lack of food, medicine and commerce makes no dent in Uncle Sam’s conscience.
America Sanctioning Itself Into Economic Decline
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
The US-dominated International Monetary Fund warns of an “erosion of dollar dominance,” noting use of Chinese yuan in global central bank reserves is increasing, while Western sanctions on Russia could strengthen other currencies.
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
THE ANGRY ARAB: What Arab Media Is Saying About Ukraine
THE ANGRY ARAB: What Arab Media Is Saying About Ukraine
The Gulf regimes feel Putin is more loyal than the U.S., and the mischievous behavior of UAE and Saudi Arabia in the last few weeks is an expression of their frustration with U.S. role in the region. (Riyadh, for instance, is in talks with China to trade some of its oil in yuan, which would deal a blow to the U.S. dollar that is used in 80 percent of world oil sales. Until now, the Saudis have exclusively used the dollar. And Emirati and Saudi leaders have refused to take Biden’s phone calls.)
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The UAE had long planned to become the new Israel in the region, but Qatar may have won that dubious honor. The Russian-Ukrainian war may lead the U.S. to further overlook those regimes’ despotism and atrocities in return for continued acts of loyalty.
RT: What is Russia’s Sanctions Survival Plan?
The launch of the military operation in Ukraine has drawn the ire of the US and its allies, who have hit Russia with unprecedented sanctions in order to destabilize the country’s economy and pressure Moscow into ending the conflict. Among the many penalties imposed on the country over the past month, its financial system, energy exports, and forex reserves have been targeted. However, hard times call for prompt response measures, and Russia has come up with a few.
RT: What is Russia’s Sanctions Survival Plan?
Say Hello to Russian Gold and Chinese Petroyuan
By Pepe Escobar
Russia says half its gold assets were frozen – is this for real or a slick play by Moscow?
Say Hello to Russian Gold and Chinese Petroyuan
Cutting Through the Fog Masking ‘a New Page in the Art of War’
Cutting Through the Fog Masking ‘a New Page in the Art of War’
In the larger geopolitical spectrum, the non-stop war of attrition by the Empire against Russia with Ukraine as a pawn is a war against the New Silk Roads; Maidan in 2014 took place only a few months after the launching of the Belt and Road Initiative (BRI), then OBOR (One Belt, One Road) in Kazakhstan and Indonesia. It’s also a war on the Russian concept of Greater Eurasia Partnership. In sum: it’s an all-out war on Eurasia integration.
VIDEO: BOOK SUMMARY OF “CHINA: GREATEST DISRUPTION TO AMERICAN CENTURY”
China trimming US Treasury debt in June
China reduced its US government debt holdings in June, US Treasury Department data showed Monday, continuing a downward spiral amid fraying relations between the world’s top two economies.
China’s holdings of US Treasury debt stood at $1.07 trillion in June, down $9.3 billion from the previous month, according to statistics from the US Treasury Department.
The Math of How China Surpasses USA in 5 Years
THE MATH OF HOW CHINA SURPASSES USA IN 5 YEARS
Most Americans cannot imagine China being the #1 economy, since they are constantly fed propaganda about America’s greatness and China’s imminent collapse. But the shocking fact is that China can very well surpass the U.S. by 2025. Here’s the math. I will try to explain it in a way that anyone can understand.
Ms. Cat’s Chronicles 
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