US Dollar De-Dollarization Has Started

The coming decline of the World's reserve currency

The American prestige took a major hit after the disaster in Afghanistan.

The United States has not been successful in rallying Southeast Asian countries against China ,and Since the Russia -Ukraine conflict started ,a strong axis is being formed by Russia, China, and Iran.

The United States and NATO have been trying to instigate a confrontation with Russia over Ukraine, but Europe is fighting back,as its citizens do not agree how their EU leader, its own country prime minister are leading their country into a sinkhole pre-dig by the War President of NATO using a Proxy

China prefers negotiation to bombing the Middle East into submission. There was a recent agreement made between the two countries that will see them working together for the next quarter of a century. Instead of invading and occupying Afghanistan for 20 years, China is holding talks with the Taliban on the country's future and even Pakistan is becoming a fonder to China .The RCEP is the largest free trade bloc in the world, and China is leading the ASEAN countries in peaceful trade through it

The United States' global hegemony is waning.

China acknowledged that it could not transform the "Yuan" (Renminbi) into an international currency or displace the dominance of the U.S. dollar with the Chinese currency. China's foreign exchange reserves were $3.0549 trillion at the end of August. One-third of its foreign reserves are invested in United States Treasuries, and lust few weeks , the Chinese Government has been calling all its states and affiliate business cronies to start dumping the U.S Dollar 

China is the second largest holder of US debt, behind Japan. According to Treasury data, the Chinese government sold U.S. Treasuries for the seventh consecutive month in June. In June, China's holdings of U.S. debt fell to $967.8 billion, the lowest level since May 2010 ($843.7 billion).

The Chinese central bank urged huge state-owned banks to sell dollars and purchase yuan last week. On paper, it appears to be an attempt to arrest the devaluation of the Yuan. Due to rapid Fed rate hikes, the Chinese yuan has declined by 13% against the dollar this year..it became very obvious as Chinese businessman are located very corner of the World 

China reduced interest rates to stimulate economic growth, in contrast to other nations that raised rates to narrow the gap. 

Was it a coincidence that the world's second-largest economy sold U.S. debt papers for seven consecutive months while simultaneously lowering interest rates, so weakening the Yuan instead of strengthening the Chinese currency?

It's an excellent opportunity to reduce foreign reserves, Forex dealers and sellers are selling when the dollar is strong. It is even more prudent for China to reduce its dollar exposure so that it does not suffer the same fate as Russia when its $620 billion in foreign reserves were frozen during the invasion of Ukraine. 

Yet Ukraine has depleted almost 12 Billion of all its monetary and Gold reserves to satisfy its urge by it's President to seek for revenge and commit its people and their future generation with tons worth of trillion in debts to NATO and the U.S.A. 

They need to ponder on this point : the President is a Civil Servant Voted and elected to Serve its People within a duration of time , He Does Not Own Ukraine . Ukraine has Millions of people suffering due to One person and his cronies decision to commit their Coffers to a Proxy manipulator ,who are using them as their agenda to deplete a bigger Nuclear power, so as not to put their soldiers in the front line, 

their objective : -  " Let your people Be Killed and Not Our Voters -Use Your Country as Battlefield But Never Ours" … Stop the War!!  - negotiate and Vote for referendum as suggested by Elon Musk .Do not be the Ploy of Others, those Evil People need to be Stopped and Save Ukraine !. Russia Will Rots By itself .

Even if they Win, it will be still worth Billions to pay back to their Creditors for almost 150 years or more ,even included of their free offer to sell out forward contracts to these creditors to rebuild their country .

For the first time in two years, China's central bank set the Yuan's initial exchange rate at 7,0298 per dollar. Beijing desires to slow the rate of depreciation by enabling the psychological barrier of 7 Yuan to $1 USD to be broken and by altering laws to discourage trading against the currency.

A weakening Yuan makes Chinese goods cheaper in the United States, but increases the cost of American exports in China. Chinese import demand has been decimated by "Zero Covid" measures, including city lockdowns, thereby keeping inflation in control. The closure may have been intended to generate supply chain problems and inflation in the United States.

Not regulating the Yuan's long-term value contributes to its internationalization. According to the IMF, the Chinese Yuan accounted for 2.7% of global foreign currency reserves in the second quarter of 2022. In August 2022, China's exports and imports reached RMB 4,025 instaill .5 trillion, a 9% increase from the previous year.

China may instill the actual de-dollarization the U.S dollar by gradually expanding Yuan trade. China offers discounts to Indian enterprises that pay in Yuan. China gave India's steel and cement producers a 15% discount and has full support from Russia and even including those from the Middle east 

The Indian Rupee has devalued by 9% relative to the U.S. dollar, but just 2% relative to the Chinese Yuan. With a 15% discount, the Chinese offer was attractive. In June, 156,000 tonnes of Russian coal were imported using Chinese Yuan and Hong Kong dollars as payment.

Yes, it is uncommon for India and Russia to trade using the Chinese currency. That is, they are abandoning the U.S. dollar. In the framework of trade between India, Russia, and China, America is unimportant. It reduces the possibility of U.S. penalties.

India, the second-most populous nation is a member of BRICS, which also includes Brazil, Russia, China, South Africa, and India. By not denouncing Russia's invasion of Ukraine and annexation of Donetsk, Luhansk, Kherson, and Zaporizhia, India has infuriated Western nations but has gain competitiveness in a shortness time by ignoring the US .If they followed to US Leader's instruction, Progress will stagnant for India 

India and Russia have maintained oil and coal trade despite western sanctions. Increasing usage of Yuan to settle payments aids Moscow in avoiding US-led sanctions for its invasion of Ukraine and internationalizes the Chinese currency in international trade.

Compared to the dollar, the Yuan has decreased less than the Euro, Yen, Pound, and other major currencies. Year-to-date, the Yuan has lost 1.4% against China's largest trading partners. This demonstrates that the Chinese currency is "stable" during a crisis and encourages other nations to store their reserves in Yuan.

There is no involvement of the SWIFT network or gateway system in Yuan trade settlement. The United States cannot monitor these transactions, thus it will be unaware if sanctions have been violated. SWIFT cannot be utilized to hurt U.S. competitors. The U.S itself has disrupted Swift payment system to favor both China and Russia 

Vladimir Putin stated on September 12 that economic sanctions mean the imminent "de-dollarization" of Russia's economy. All their Russia Corporation and Multi national Oil companies have increased their holdings of Yuan bonds 

Oil refiners and coal importers from Russia must pay in UAE Dirhams. Turkey agreed to pay for Russian gas in rubles. Indonesia is investigating the purchase of Russian oil that is 30% less expensive than global oil, most likely in a currency other than the dollar, euro, or yen. Indonesia also need to increase the competitiveness and is most likely to follow India's footstep 

Even American allies such as Egypt have issued Yuan-denominated debt for the first time to generate funds on the Chinese bond market. Other payment systems, such as China's UnionPay, which connects 55 million merchants in 180 countries, are also eroding the supremacy of the U.S. currency.

China may be amassing gold in order to anchor the Yuan, and has been importing "GOLD" from Switzerland at an unprecedented rate. In July, Swiss gold exports to China reached their highest level since December 2016, similar to what Putin did with the ruble. If China, the second-largest economy in the world, links the yuan to gold, the U.S. empire could collapse. 

The choice is between the Chinese Yuan and the United States dollar.

On March 25, the Bank of Russia abruptly pegged the ruble to gold. Putin's decision to anchor the ruble to gold bolstered the currency. Considering that gold is traded in U.S. dollars, he has established a floor price for the ruble. Today, 60.40 rubles equals $1. (it plunged to record low of 151 on March 7).

Almost every country pegs its currency to the U.S. dollar, which is worthless because the U.S. government debt recently surpassed US$31 trillion and the dollar is not anchored to gold. If additional countries tied their currencies to the Yuan's gold peg, the USD would lose its status as a safe haven.

China's foreign exchange reserves reached $3.25 trillion by the end of 2021. In August 2022, it fell to $3,054 trillion, indicating that China abandoned the U.S. Treasury in favor of gold. 

Gold represents global financial order.

Is China up to the gold standard? 

Apparently, the United States contains more than 8,000 metric tons of gold of many country reserve but No one knows if the United States has gold reserve for itself . China produces the most gold, however. The Shanghai Gold Exchange deals in "actual metal" and permits delivery of gold.

The Shanghai Gold Exchange had withdrawn 21,704 tons, or 690 million ounces, of gold by 2021. In 2013, the global gold production was 113 million ounces. China does not sell or export gold, thus its gold reserves are more than reported estimated at 1838 tons as of end of 2021 

Dedication : I pray all good merits gained from all efforts to put a stop to all the killing, be dedicated to the lost souls of those killed due to the conflict and let the souls find peace to Nirvana 

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