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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (200040)	7/4/2023 10:11:33 AM
From: TobagoJack	Respond to of 217556

Happening, the setup, per officialdom media #Iran is to be admitted to the Shanghai Cooperation Organization (SCO) as a member state, and a memorandum of obligations on Belarus' SCO membership will be signed. The move shows the vigor and vitality of the SCO: President Xi #ShanghaiCooperationOrganization pic.twitter.com/SWIUCWmDlZ — People's Daily, China (@PDChina) July 4, 2023

To: bull_dozer who wrote (200040)	7/4/2023 11:23:07 AM
From: bull_dozer	Read Replies (9) \| Respond to of 217556

A bipolar currency regime will replace the dollar’s exorbitant privilege The US dollar has been the predominant global reserve currency since the design of the Bretton Woods system after the second world war. Even the move from fixed exchange rates in the early 1970s did not challenge the greenback’s “exorbitant privilege”. But given the increased weaponisation of the dollar for national security purposes, and the growing geopolitical rivalry between the west and revisionist powers such as China, Russia, Iran and North Korea, some argue that de-dollarisation will accelerate. This process is also driven by the emergence of central bank digital currencies that could lead to an alternative multipolar currency and international payment regime. Sceptics argue that the global share of the US dollar as unit of account, means of payment and store of value hasn’t fallen much, despite all the chatter about a terminal decline. They also point out that you can’t replace something with nothing — as former US Treasury secretary Lawrence Summers put it: “Europe is a museum, Japan is a nursing home and China is a jail.” More nuanced arguments point out that there are economies of scale and network that lead to a relative monopoly in reserve currency status, and that the Chinese renminbi cannot become a real reserve currency unless capital controls are phased out and the exchange rate made more flexible. ft.com

To: bull_dozer who wrote (200040)	8/3/2023 6:15:28 AM
From: TobagoJack	Respond to of 217556

Re <<more than just talk>> … bullish news Observation, that at some juncture bi-partisan shall wake up to the gold-gap in addition to the hypersonic-missile-gap and such, and once so, one might reasonably expect the gap between worth of gold and pricing of same gold to close bloomberg.com Russia to Restart Buying Currency, Gold as Energy Income Revives By John Viljoen, and Sagarika Jaisinghani August 3, 2023 Russia will start buying foreign currency and gold as a recovery in energy revenue brought it above the target set in the budget. The Finance Ministry said Thursday it will purchase 40.5 billion rubles ($433 million) during the Aug. 7-Sept. 6 period under a budgetary mechanism designed to insulate the economy from the volatility of commodity markets. Since purchases were halted in late January 2022, followed by the program’s suspension after the invasion of Ukraine the following month, the Finance Ministry has only sold foreign currency this year as part of the revamped fiscal mechanism. With the bulk of its currency reserves frozen by US and European sanctions, the yuan is the main asset Russia can still use for such operations. Russia gets around a third of its budget revenues from the oil and gas industry. — With Sylvia Westall