Bethan Moorcraft – Moneywise Aug 21, 2023
India and the United Arab Emirates (UAE) have officially started trading with each other in their local currencies.
The Indian government announced on Monday that the country’s leading petroleum refiner, Indian Oil Corp., used the local rupee to buy one million barrels of oil from the Abu Dhabi National Oil Company — not the U.S. dollar.
This monumental transaction follows the sale of 25kg of gold from a UAE gold exporter to a buyer in India for around 128.4 million rupees ($1.54 million), according to Reuters.
So, what could all this mean for the U.S. dollar on the world stage?
Trade talks
Last year, India’s central bank revealed a new framework for settling global trade in rupees — an idea that came into fruition last month, when India is the world’s third biggest oil importer and consumer signed two agreements with the UAE.
First, the two giants agreed to settle trade in their local currencies — in an effort to cut transaction costs and eliminate dollar conversions. They also agreed to set up a real-time payment link to simplify cross-border money transfers.
The agreements will enable “seamless cross-border transactions and payments, and foster greater economic cooperation,” the Reserve Bank of India explained in a recent statement.
De-dollarization trend
India and the UAE are by no means alone in trying to reduce their reliance on the dollar. Powerful nations across the world — particularly China and Russia — are keen to dethrone the dollar in response to aggressive U.S. sanctions and foreign policy plays.
This trend — deemed “de-dollarization” — has gained such sway that some are questioning whether the dollar’s days of dominance are over. But Treasury Secretary Janet Yellen said no currency currently exists that could displace the greenback.
Yellen’s reassurance follows a 8% decline in the dollar’s share of global reserves in 2022. In an effort to diversify, central banks worldwide have been starting to ditch their dollar reserves in favor of gold.
These are the cracks in the Amerikan hegemonic system. Every trade done without US dollars, is a loss of US income, because traders need to buy those US dollars, and that costs. The next thing. Unused US dollars will work their way back into the US, and this means inflation, and then there’s the inflation from a very weak US Dollar.
Remember, the UK Nazi state is joined at the hip and head. Intel, and finance, so the UK will double burn from Brexit, and from the BRICS.
My guess, UK Nazi state sheeple will live 10 years less than they currently do, by 2040.
The day the dala die we gonna smoke it in the Buckingham Place:
https://www.youtube.com/watch?v=BXs1AgwQmKU
‘Does this mark the beginning of the end for the U.S. dollar?’
Nope. I suspect it marks the end of Modi.
$… plop! £… plop! €… plop! —-> Toilet Bowl
Don’t forget to flush!
THE BIG SHORT
https://www.bitchute.com/video/vwZZOsOnzMu5/
In 2006-2007 a group of investors bet against the United States mortgage market. In their research, they discover how flawed and corrupt the market is.
Christian Bale plays Michael Burry, who, if you are not aware predicted (and bet against) the 2008 housing crash.
Why does this matter? Well, he has just bet 90% of his wealth ($1.6B) on the entire stock market crashing by the end of this year.
P.S. Warren Buffet has since followed suit.
Watched it last night.
When Iraq did the same we bombed them off the map.
https://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html
Lindsey Graham, aka Senator Faggot boy, “we must bomb India”
The bankers have been getting ready for “de-dollarization” for quite some time.
Why do you think they created crypto?
It was known as far back as 2017 that crypto — from Bitcoin on — probably comes from the bankers, or they bought into it very early. Worse is that crypto has been manipulated by London, New York, and other entities to mine the flow of coins for information and ultimately use them instead of cash.
The System., as Maxim Gorky noted .long ago, is always 3 steps ahead of us. They do not care about “de-dollarization” — they are preparing the next scam.
When late Libyan President col.quaddafi, addressing the African nations meeting, said he will sell oil in exchange of Gold from other African nations, within months, NATO bombed the entire Libyan cities, and he was brutally killed. British PM Tony Blair, went to Libya, hand shacked with Quadaffi, you see this is the European leaders diplomacy. Of course, this deal was not liked by London bankers, they see it as a threat of their grip on dollars, as well, a warning to other Gulf/African nations . No other country, under this planet, came to rescue/help Libya, such is their misfortune! Even Russia, watched helplessly. Of course, we can’t come to the conclusion, as what will happen, to UAE/India. Jewish bankers, will take some other ways,to tackle/control of these nations, not military way. So, we have to wait and watch the outcome, that is yet to come.
I’m hoping it crashes to Weimar Germany levels – it’s the only thing that might wake up the Landless Peasants which constitute the sleeping ‘Mercans.
Probably not, but the US USED to be the last vestige of rebel free-thinking folks that knew what the Juden were doing.
It all started to decay in the 80s and here we are with a white trash pedo coke snorting sack-o-sh&t media figurehead , I mean whipping-boy puppet, I mean “president”.
Franz: please understand how the system works. The free world needs to buy dollars over and and above what they are worth, so the US collects a fee for every global trade.
Bitcoin or crypto doesn’t do this, and besides, they are using their own currencies or gold. The City and Wall Street’s control is ending, and it’s a disaster for the Nazi NWO.