The value of the Federal reserve notes go to zero as QT progresses
in a nutshell
How is China fairing?
BEIJING, April 7 (Xinhua) -- China's gold reserves stood at 62.64 million ounces at the end of March, unchanged from that at the end of February, central bank data showed Thursday.
In term of USD :
Official data also showed that China's foreign exchange reserves fell to 3.188 trillion U.S. dollars at the end of March, down 25.8 billion U.S. dollars, or 0.8 percent, from the end of February.
U need to be smart
![[Image: Screenshot-from-2022-04-08-11-18-39.png]](https://i.ibb.co/wss0R8j/Screenshot-from-2022-04-08-11-18-39.png)
Assmerican leaders thought that USD can benefit from Ukraine war!
(08-04-2022, 11:18 AM)cityhantam Wrote: [ -> ]Assmerican leaders thought that USD can benefit from Ukraine war!
They want to attract EU to buy their junk Bond by Ukraine war.
Now seeing it doesn’t help much as bond yield keep rising. So now come to disturb Asia…
China will not be selling US treasuries outright, as most bond prices have collapsed 10-20%
They will wait for them to mature and naturally unwind by redeeming the full face value on expiry. The proceeds will then be converted to gold or euro or ruble.
Hopefully, there is enough time
【盧秀芳辣晚報】"中俄.印俄"貨幣支付對接 "去美元化"正夯?"霸權夢碎!"@中天新聞 精華版
ruble cannot convert to any currencies. latest.
(08-04-2022, 12:26 PM)Blin Wrote: [ -> ]ruble cannot convert to any currencies. latest.
On surface, cannot.
Under the surface, huge demand!
1 United States Dollar equals
79.25 Russian Ruble
8 Apr, 2:07 am UTC ·
https://www.fxstreet.com/news/usd-rub-re...2204071524
USD/RUB recovers and goes back above the 200-DMA as sellers eye 78.0000
The Russian ruble keeps rallying vs. the greenback and is pushing through the 200-DMA as portrayed by the USD/RUB pair, which is falling 4.20% during the North American session amidst a dismal market mood. At the time of writing, the USD/RUB is trading at 78.6855.
(08-04-2022, 11:09 AM)singlon Wrote: [ -> ]The value of the Federal reserve notes go to zero as QT progresses
in a nutshell
As long uncle Sam got printer and gun powder can do alternation .
(08-04-2022, 12:38 PM)Blin Wrote: [ -> ]As long uncle Sam got printer and gun powder can do alternation .
Two conditions must be satisfied for that to continue :
1. demand for US$ continues to be strong
2. Assmerican gun powder continues for be feared by ALL countries
Something interesting is happening :
https://eurasianet.org/tajiks-rush-to-of...ce=dlvr.it
Tajiks rush to offload dollars
By the same token the rest of the world has to follow the leader with near zero interest rates, so here also fail in making property prices sky high so too are food etc etc etc.
(08-04-2022, 12:38 PM)Blin Wrote: [ -> ]As long uncle Sam got printer and gun powder can do alternation .
'Crippling US Dollar': Ex-US Marine Explains How Sanctions On Russia Is Affecting American Economy
US is slower in raising interest rates because both Powell (the present Fed Chairma) and Yellen (The past Fed Chairperson) believed and claimed that the inflation is temporary.
US will be in trouble, let Sgfett know that.
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