China supplants U$ Dollar for Yuan in cross-border transactions
The U$D is still used 83.71% compared to 4.5% for the Yuan according to Reuters. How long will the U$D be at the top? Is the push to move away from fossil fuels really a move away from the Dollar? Is Europe an ally, competitor, or enemy in this? What effect will a US or […]
China and France complete their first LNG transaction in Chinese Yuan instead of the U$ Dollar
This is not good news. It’s bad enough China and Russia are trading in Yuan and strengthening their alliance. Now, we have an ally, that we defend with American taxpayer dollars, trading with China in their native currency. Chinese national oil company CNOOC 0883.HK, 600938.SS and France’s TotalEnergies TTEF.PA have completed China’s first yuan-settled LNG trade through the Shanghai Petroleum […]
Stossel full interview with Enes Kanter Freedom-China & NBA Hypocrisy
This is one of Stossel’s more revealing interviews. No freedom loving American should ever watch another NBA game or wear Nike shoes until they stop doing business in China.
While we gaze at our navels China and Russia solidify their relationship
We’re distracted. We are outraged about TikTok, Fentanyl, Drag Queens, Black Lives Matter, Critical Race Theory, Critical Gender Theory, President Biden advocating the mutilation of children in the name of “gender affirming care”, Elon Musk, FTX, the “Tri-demic”, masking children, and Trump Trump Trump among other nonsense. Meanwhile huge seismic shifts are happening in the […]
U.S. Navy unprepared for a major conflict with China
Just when you think things can’t be more disturbing. While we’re spending billions of dollars we don’t have in Ukraine the U.S. Navy is outnumbered by Chinese ships and will get worse every year. We don’t seem to have the capacity to repair what we have let alone build new ships either. This is a […]
Is the Biden Administration purposely trying to weaken the United States?
President Biden is too dimwitted to know he’s being ushered down the path to American irrelevance. Details of the potential new Saudi-Chinese oil-trading arrangements remain vague. The two sides have talked for years about pricing some oil sales in yuan, and it may not happen. Some 80% of global oil sales are priced in U.S. […]