Category Archives: China

US determined to further escalate by supplying 400 anti-ship missiles to Taiwan

While the Chinese Navy is among the world leaders in terms of capabilities of its surface combatants, having up to 400 land-based anti-ship missiles so close to many of its homeports leaves its ships vulnerable to surprise attacks or possible saturation strikes.

Drago Bosnic, independent geopolitical and military analyst

Faced with the looming defeat in Ukraine, Washington DC is desperate to ensure that it can achieve at least one strategic victory against one of its many geopolitical adversaries. America’s increasingly disturbing obsession with China and the burning desire to at least somewhat offset its meteoric rise are causing countless headaches to the strategic planners in Washington DC, particularly the Pentagon. Beijing’s repeated overtures to find a peaceful solution that could benefit all sides have been flatly refused by the US every single time, leaving China with only one option – to prepare for war. This is certainly not to say the Asian giant wants it, but as President Xi Jinping himself stated, his country is quite literally left with no other option.

And yet, China is still somewhat hopeful this can be avoided, although it wants to ensure that it’s ready for any possible contingency (or should we say, highly likely in this particular case). Still, the United States is trying everything in its power (short of direct war, for now, at least) to make sure there are as many escalating contingencies as possible. The latest such move includes the plan to sell at least 400 land-based “Harpoon” anti-ship missiles to the separatist government in Taipei. The sale has been confirmed by the president of the US-Taiwan Business Council Rupert Hammond-Chambers during a recent interview with Bloomberg. Needless to say, Beijing sees this as a major escalation.

While “Harpoon” anti-ship missiles are quite dated and are definitely no match for Chinese (let alone Russian) weapons of the same class, deploying 400 of them is certainly a worrying figure for any military. With a range of up to 200 km, the missile is still a threat to all Chinese shipping in the Taiwan Strait, as it perfectly fits the width of the strait (180 km). And while China’s breakaway island province has previously acquired the shipborne and airborne versions of the missile, deployed on warships and F-16 fighter jets, respectively, this marks the first time it has purchased the mobile, land-based version. It offers several distinct advantages over the previous two, particularly the possibility of deploying the launchers across the island’s west coast.

From there, forces loyal to Taipei could comfortably target Chinese ships, even those still docked at ports on the coast of the neighboring Fujian province. And while the PLAN (People’s Liberation Army Navy) is among the world leaders in terms of capabilities of its surface combatants, having up to 400 land-based anti-ship missiles so close to many of its homeports leaves the Chinese Navy ships vulnerable to surprise attacks (in case they’re undergoing maintenance at ports) or possible saturation strikes (in case they sail out). The land-based version of the “Harpoon” anti-ship missile is also more dangerous in this regard as it cannot be countered as easily as the air-launched or ship-based versions. The latter two are carried by jets and ships that can be shot down and sunk, respectively.

According to Bloomberg, “the Pentagon announced the $1.7 billion contract with Boeing on April 7, but stopped short of mentioning Taiwan as the purchaser at a moment of tense US-China relations due to ratcheting Chinese military drills around the self-ruled island”. Obviously, Bloomberg’s assertion that the Pentagon cares about “avoiding escalating rhetoric” is quite laughable given the fact that it’s providing 400 missiles whose sole purpose is to target Chinese ships and possibly kill thousands of sailors deployed on the said vessels. The arms acquisition comes days after a large delegation of the “ever peace-loving” US MIC (Military Industrial Complex) announced it would pay a visit to the island. And as if this wasn’t enough, the US Navy sailed its guided-missile destroyer, the USS Milius, through the Taiwan Strait on April 16 as part of its wanton “freedom of navigation” exercises.

The Blomberg report also states that “the Harpoon contract has been cited by members of Congress including Representative Michael McCaul, chairman of the House Foreign Affairs Committee, as part of as much as $19 billion in backlogged US sales to Taiwan that they say need to be accelerated”. However, Bloomberg adds that this is far from the complete list, as it also includes the F-16 Block 70 fighter jets, the MK-48 torpedoes, the M109A6 “Paladin” self-propelled howitzers and the “Stinger” missiles.

The aforementioned Congressman McCaul recently stated that the US would go to war with China over Taiwanese semiconductors. Days prior he openly declared that he would support sending US troops to Taiwan if the American people approved such a move. This inflammatory rhetoric has been virtually “normalized” by the US in recent times. Sending people like McCaul to China’s breakaway island province at a time when Beijing is insisting on a peaceful settlement is quite indicative of the new age of McCarthyism in US foreign policy.

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Inter-EU relations plummeting over Macron’s apparent China tilt

Somewhat surprisingly, despite increased NATO pressure, Macron has not only refused to take back his statements, but has even reiterated them, openly declaring that “being an ally does not mean being a vassal … [or] mean that we don’t have the right to think for ourselves.”

Drago Bosnic, independent geopolitical and military analyst

It’s hardly breaking news that the European Union is essentially a giant collection of vassals of the United States. Ironically enough, as the bloc effectively doubled in size since the (First) Cold War, its sovereignty has proportionately gone down. Washington DC largely accomplished this by propping up staunchly pro-US EU members. One such country is certainly Poland, as Warsaw consistently supports American interests in the EU. And while it could be argued that this is largely thanks to Poland’s virtually endemic Russophobia, the most recent episode with French President Emmanuel Macron’s visit to China clearly indicates that Warsaw’s foreign policy framework is as American as it could possibly be.

Late last week, Polish Prime Minister Mateusz Morawiecki slammed Macron’s “controversial” comments on Beijing, made just after he met his Chinese counterpart Xi Jinping. Morawiecki openly mocked the French President’s call for “strategic autonomy”, which also included follow-up comments about the EU “not being a direct US vassal”. Such rhetoric isn’t unheard of, particularly from France, but the question remains how exactly honest and straightforward it is. However, even a semblance of anything that could remotely be seen as “anti-American” is virtual “heresy” in Warsaw, which explains its harsh reaction to this. Morawiecki equated even just cordial EU-China ties with “cutting off relations with the US”. His exact words were:

“European autonomy sounds fancy, doesn’t it? But it means shifting the center of European gravity towards China and severing the ties with the US. Short-sightedly they look to China to be able to sell more EU products there at huge geopolitical costs, making us more dependent on China and not less. Some European countries are trying to make with China the same mistake which was made with Russia – this dramatic mistake.”

According to AFP’s reporting, Morawiecki also (implicitly) slammed both France and Germany for their allegedly “lukewarm” support for the Kiev regime and “warned” about China’s breakaway island province of Taiwan:

“You cannot protect Ukraine today and tomorrow by saying Taiwan is not your business. I think that, God forbid, if Ukraine falls, if Ukraine gets conquered, the next day China may attack – can attack – Taiwan… …I do not quite understand the concept of strategic autonomy if it means de facto shooting into our own knee. Western European nations have grown accustomed to a model based on cheap energy from Russia, high-margin trade with China, low-cost labor from Eastern Europe and security for free from the United States. Now their modus vivendi collapsed in ruins so what do they do? They want a quick ceasefire, armistice, in Ukraine, almost at any price. Some politicians in Western Europe are thinking, ‘Ukraine, why are you fighting so bravely?'”

Somewhat surprisingly, despite increased NATO pressure, Macron has not only refused to take back his statements, but has even reiterated them, openly declaring that “being an ally does not mean being a vassal … [or] mean that we don’t have the right to think for ourselves.” Macron’s recent “controversial” statements have sent shockwaves across the political West. And while they’re hardly a clear indicator of a major strategic shift in French foreign policy, as the country still supports the Kiev regime through weapons shipments that are killing the people of Donbass, they are quite an unpleasant surprise for Washington DC planners hopeful of sustaining their strategic siege of China in the Asia-Pacific, an effort that requires pan-Western support.

“The paradox would be that, overcome with panic, we believe we are just America’s followers. The question Europeans need to answer … is it in our interest to accelerate [a crisis] on Taiwan? No. The worse thing would be to think that we Europeans must become followers on this topic and take our cue from the US agenda and a Chinese overreaction… …If the tensions between the two superpowers heat up … we won’t have the time nor the resources to finance our strategic autonomy and we will become vassals,” Macron said at the time.

This and the fact that the French President said “the great risk facing Europe right now is that it gets caught up in crises that are not ours, which prevents it from building its strategic autonomy” is quite indicative of so-called “old” Europe’s desire to maintain at least some degree of strategic relevance. However, it’s quite difficult to take the “old” EU seriously in the matter of Taiwan when it’s been so religiously following Washington DC’s diktat on Ukraine for well over a decade. Despite clear and open frustrations with the US profiteering that has been “bleeding dry” the increasingly cash-strapped EU for over a year now, the bloc still continues its self-defeating subservience. As long as the EU participates in Washington DC’s crawling aggression against Russia, the desire to stop being US vassals will be nothing but that.

UN Seeks Vast New Powers for Global Emergencies

earth blue banner free

Editors Note: First we had the WHO pandemic treaty and now here comes the UN seeking new emergency powers. Gee you’d almost think all of this was planned?!? Of course it was. They put the finishing touches on their BEAST systems while everyone was locked down “flattening the curve” 3 years ago. From theepochtimes.com.

Lawmakers and critics are sounding the alarm, but the White House supports the agenda

The United Nations is seeking vast new powers and stronger “global governance” tools to deal with international emergencies such as pandemics and economic crises, a new U.N. policy brief has revealed, and the Biden administration appears to support the proposal.

The plan to create an “Emergency Platform,” which would involve a set of protocols activated during crises that could affect billions of people, has already drawn strong concern and criticism from U.S. policymakers and analysts.

Among those expressing concern is House Foreign Affairs Committee Chairman Rep. Michael McCaul (R-Texas), whose committee oversees U.S. foreign policy and involvement in international organizations.

“We must be sure that any global protocol or platform operated by the U.N. respects U.S. national sovereignty and U.S. taxpayer dollars,” McCaul told The Epoch Times.

He also noted his concern that the proposed platform expands the authority and funding of the U.S. and the definitions of “emergency” and “crisis” to include, for instance, climate change.

U.N. documents and statements released in March by key leaders of the global organization make clear that climate change is a major piece of the U.N. emergencies agenda.

Other critics who spoke with The Epoch Times expressed concern about the influence of the Chinese Communist Party (CCP) within the U.N., the global organization’s well-documented corruption problems, and its track record of dealing with previous emergencies.

“Allowing the U.N. to deal with this is the equivalent of putting the CCP in charge of global emergencies,” former U.S. Assistant Secretary of State for International Organizations Kevin Moley told The Epoch Times. Read the rest by clicking here.

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Brazil confirms that it will launch a pilot test of the digital real this year

gold round coin on top of a cellphone

With this advance, Brazil will become the first country in South America to launch a pilot of a sovereign digital currency.

Roberto Campos Neto, President of the Central Bank of Brazil, confirmed in the last hours that the pilot test of the digital real will be launched this year. As explained by the official during an event, the new digital currency of the central bank ( CBDC ) will be available in the second half and will have a fixed supply.

Campos Neto also assured that the new asset of the Brazilian giant will be linked to the reserve transfer system, a fiduciary payment system. With this advance, Brazil will become the first country in South America to launch a pilot of a digital currency sovereign.

This is a way to create currency digitization without creating a break in bank balance sheets. This project should have some kind of pilot in the second half of the year ”, said the BCB president.

On the other hand, Campos Neto spoke briefly about how he sees the Brazilian crypto ecosystem. As he slipped, cryptocurrencies are seen as forms of investment rather than as a means of payment, something that could change only with a greater increase in local and global adoption.

In that sense, the country commanded by Jair Bolsonaro works on a bill to regulate the crypto market, which refers to a clear definition of what status digital assets have and defines control jurisdictions in government agencies.

Source article: https://www.eleconomista.com.mx/

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Taiwan in the age of Neo-McCarthyism

Editors note: I will continue to post relevant geopolitical and other news such as this story but my video focus will be different. Blessings to you, Johnny.

True to his last name, in December McCarthy stated that “the greatest threat to the United States is the Chinese Communist Party”. Considering the fact that he’s the third highest ranking US official and second in line for the US presidency, such statements are a borderline declaration of war, to say nothing of McCarthy’s continued support for additionally arming Taipei.

Drago Bosnic, independent geopolitical and military analyst

McCarthyism, otherwise known as the so-called (Second) “Red Scare”, is officially defined as “the repression and persecution of left-wing individuals and a campaign spreading fear of alleged communist and socialist influence on American institutions and of Soviet espionage in the United States during the late 1940s through the 1950s”. The policy was spearheaded by a Republican US Senator Joseph McCarthy, but while he was the most prominent proponent of this internal (and foreign) policy approach, he most certainly wasn’t the only one. And although the term McCarthyism is largely considered obsolete and/or outdated nowadays, as the role of one individual in such a massive nationwide policy framework is obviously overstated, it stuck and now even includes additional definitions and changes.

The McCarthyism of our age can certainly be dubbed Neo-McCarthyism, as it includes more than just the ideological rejection of non-Western ideas and is now targeting anything remotely connected to countries such as China, Russia, Iran, Venezuela, Syria, etc. This is especially true when it comes to Beijing, which Neo-McCarthyists see as the “source of all evil”, turning their emotional reaction into disastrous policies that make the geopolitical situation a lot worse.

One particularly obvious example of this is Taiwan, China’s breakaway island province currently under US patronage. However, Beijing is actively pushing back against threats from the US and its numerous vassals and satellite states in the region, despite Washington DC’s constant attempts of a crawling invasion so as to undermine China’s national interests and security in seas surrounding the country.

On April 5, Taiwanese president Tsai Ing-wen made a stopover visit to Los Angeles after a tour to Latin America to visit Guatemala and Belize, its only remaining official allies in an attempt to stop the repeat of the recent episode when Honduras finally cut ties with Taipei and opted for Beijing instead. Tsai also met with senior security officials on Tuesday to discuss the “regional situation” ahead of her meeting with US House Speaker Kevin McCarthy in California, which China had once again warned against.

“China is strongly opposed to the US arranging for Tsai Ing-wen to transit through its territory, and is strongly opposed to the meeting between House Speaker Kevin McCarthy, the third-ranking US official, and Tsai Ing-wen,” Foreign Ministry spokesperson Mao Ning stated, adding: “It seriously violates the One-China principle and the three China-US joint communiques, and seriously undermines China’s sovereignty and territorial integrity.”

And yet, Taipei enjoys strong bipartisan support in the US, one of the very few unifying factors in Congress as Washington DC increasingly sees China as its primary adversary. McCarthy had originally even planned to visit Taiwan himself, but has opted instead to meet Tsai in the US. Some analysts saw this as sort of a “compromise” that wouldn’t be seen as escalatory as a direct visit to Taipei. However, McCarthy’s comments on a future visit to Taiwan effectively invalidated this view, while China slammed it as yet another form of US meddling in its internal affairs.

The behind-closed-doors meeting makes McCarthy the highest-ranking US official to have met a Taiwanese president on US soil since 1979 when America officially established diplomatic relations with China, effectively recognizing Beijing’s “One-China policy”. China’s strong reaction to the meeting is certainly expected, as it has repeatedly warned against such high-profile visits, stressing that they aren’t just against international law, but are also deeply destabilizing and harmful to Beijing’s national interests in the Asia-Pacific.

However, while the US officially doesn’t maintain diplomatic relations with Taiwan, it de facto does. Worse yet, Washington DC has been actively arming Taipei for decades and has even recently escalated this with promised deliveries of advanced weapons, including SAM (surface-to-air missile) systems and anti-ship missiles, obviously aimed against China’s potential amphibious combined arms operation to restore its full sovereignty.

For his part, Kevin McCarthy, a Republican, has been outspoken in his criticism of China. True to his last name, in December he stated that “the greatest threat to the United States is the Chinese Communist Party”. Considering the fact that he’s the third highest ranking US official and second in line for the US presidency, such statements are a borderline declaration of war, to say nothing of McCarthy’s continued support for additional arms sales to Taipei.

As previously mentioned, he also reiterated the strong possibility of visiting Taipei and stressed the need for arming China’s breakaway island province by saying: “I don’t have any current plans, but that doesn’t mean I will not go… …Based on our conversations, it’s clear that several actions are necessary. First, we must continue the arms sales to Taiwan and make sure such sales reach Taiwan on a very timely basis. Second, we must strengthen our economic cooperation, particularly with trade and technology. Third, we must continue to promote our shared values on the world stage.”

Strangely enough, while insisting on further arms deliveries, McCarthy also stated that “tensions in this world are at their highest point since the end of the Cold War, as authoritarian leaders seek to use violence and fear to provoke needless conflict”. This is an obvious reference to Russian President Vladimir Putin and his Chinese colleague Xi Jinping, who recently held a historic meeting in Moscow, something the US wasn’t too happy about, which somewhat explains Washington DC’s frustrations.

Macron’s visit to China shows non-alignment may have come to Europe

Facing severe domestic problems and protests, it remains to be seen whether or not Macron will be able to push some of his bold goals, which also depend on a lot of intra-European political articulation.

Uriel Araujo, researcher with a focus on international and ethnic conflicts

French President Emmanuel Macron, leading a large delegation, and accompanied by European Commission chief Ursula von der Leyen, arrived in China last week on April 5 for his three-day state visit. There, he held talks with his Chinese counterpart Xi Jinping, Premier Li Qiang, as well as NPC chief Zhao Leki. I’ve been writing on how multi-alignment and non-alignment are emerging trends within the Global South. The French leader’s latest trip to Beijing indicates that such a trend could emerge within Europe itself – but there are challenges.

France and China have signed various cooperation deals in the energy field, particularly wind and nuclear energy, according to an Elysee palace’s statement. On April 6, Airbus chief executive, Guillaume Faury, who took part in Macron’s delegation, agreed to build a second assembly line at its Chinese factory. The agreement was announced in spite of intense American pressure on Europe to isolate Beijing. This is a reminder that China’s markets are still critical for European businesses. In spite of her “hawkish” rhetoric, even Leyen herself recently dismissed any notion of “decoupling” Europe’s economy from the Asian giant.

These trade developments were accompanied by Chinese courtship and have potential geopolitical implications. As part of its “strategic autonomy” concept, Paris has been pushing a non-confrontation approach regarding Beijing to “de-risk” relations with it. Macron’s strategic thinking is far more ambitious than that, though.

Last year, for the first time in over a decade, Paris took over the Council of European Union’s presidency (January – June 2022). This period was marked by EU Commission President Ursula von der Leyen calling for the creation of a European Defence Union. During the first half of 2022, Leyen also announced the “Summit on Defence”, under the French Presidency. In post-Brexit EU, France is the only nuclear power and boasts of possessing the most combat-ready armed forces in the bloc. According to Swasti Rao (Associate Fellow at the Europe and Eurasia Center), the French President has repeatedly stressed that the Strategic Compass is “the closest thing the EU has to a military doctrine and akin to NATO’s Strategic Concept” to set EU’s alliance goals. She adds that setting up a system for European collective defense is a long-standing Macron’s ambition.

Such goals face the hard fact of a de-industrialized Europe. As I wrote before, even though Washington has been waging a subsidy war against the continent, and actually benefits from Europe’s industry and energy crises, it has become an overextended and overburdened superpower. Thus, it could actually benefit from a NATOized and militarized Europe. This would allow Washington to pivot to the Pacific – that however, could backfire, with a stronger Europe pursuing strategic autonomy. In this context, China’s courtship of continental Europe’s only nuclear power makes a lot of sense. The problem, from Europe’s point of view, is that the Ukrainian conflict has made it even more dependent on Washington, and the American economic and industrial policies against the continent make any European plans of re-arming and re-industrializing itself almost impossible for now.

There have been rising tensions between the political West and China, in what has been described as a New Cold War. This was clearly exemplified by the recent balloon hysteria. There is a so-called chip war going on, and the US-led economic warfare against Beijing in fact endangers the world’s microchip industry itself and increases the risk of butterfly effects, the Asian Great Power being a key part of the globalized world. Washington has also been pushing for further sanctions against China. This is the overall context, and so it is no wonder that Beijing’s reception of France’s approach has been warm.

“I’m very glad we share many identical or similar views on Sino-French, Sino-EU, international and regional issues,” Xi Jinping told the French leader last week. Macron, in turn, told him that Paris promotes “European strategic autonomy,” doesn’t like “bloc confrontation” and believes in doing its own thing. “France does not pick sides,” he added. This pragmatic non-aligned stance is of course challenged by many European leaders – and by Washington.

During talks with Macron, Xi Jinping remarked that Beijing regards Europe as “an independent pole in a multipolar world”, according to China’s foreign ministry’s website. The Chinese leader added that Beijing “supports Europe in achieving strategic autonomy, upholds that the China-Europe relationship is not targeted at, subjugated to, or controlled by any third party, and believes that Europe will take an independent approach to developing its relations with China.” He also urged the EU to “stand against hegemonism, unilateralism and attempts to decouple economies or sever supply chains.”

Some Western observers have accused Beijing of trying to split the transatlantic alliance. In fact, that alliance’s strength has long been shaken by its own contradictions. The very coalition to support Ukraine has been facing fissures since at least the end of 2022, partly driven by domestic problems as well as American-European disagreements and there have been talks of a slow and quiet European abandonment of Kiev since at least August. Macron himself has warned US President Joe Biden that the latter’s aggressive subsidies policies could “fragment the West”. France has also clashed with NATO and the United States in a number of issues.

Facing severe domestic problems and protests over a controversial pension reform, it remains to be seen whether or not the French leader will be able to push some of his bold goals, which also would depend on a lot of intra-European political articulation.

The Dollar is Dead and the NWO is Here as BRICS Nations Trade in Chinese Yuan and a new Currency is Discussed

Putin and Xi are making plans and they DO NOT include the USA. As I’ve said many times, the power structure has shifted from the West to the East and now its Russia and China’s time to rise and the USA and NATO’s time to fall. Of course world events are playing out so fast it will make your head spin so stay ready! PRAYED up and prepped up at all times!

Here is a great 5 min. video summary of the dollar dying a well deserved death and the rise of the NWO/BRICS currency. Notice the desperation in Steve Forbes’ face as he desperately defends the dollar and its reserve status. My guess is that he’s just putting on a show for the camera but maybe he really is that delusional.

Here is more on the demise of the dollar as the Association of Southeast Nations prepare to dump the dollar and trade in local currencies. It’s coming fast folks, it’s weeks or months away, not years!

Another set of nations are primed and ready to dump the U.S. dollar as the world reserve currency, and to exclusively trade with their localized currencies and payment systems.

While the BRICS nations and alliance has been getting the most attention as of recent for wanting to dump the dollar (after years and years of this quietly happening underneath the noses of the Western populations), another financial alliance group is looking to do the same.

The Association of Southeast Asian Nations (ASEAN) made their intentions clear last week that they intend on doing trade with more localized currencies, and even going as far as to exclude payment giants Mastercard and VISA from the equation.

ASEAN comprises 10 different Asian nations, which include: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam; with Australia and New Zealand also working closely with this association via new a free trade agreement pact established in November, 2022. Subtract Australia and New Zealand, and ASEAN affects over 600 million people and is one of the world’s largest economies. Read the rest at Winepress News.

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France brings de-dollarization to Europe by trading in yuan

Ursula von der Leyen and Macron are sending mixed signals to China.

Ahmed Adel, Cairo-based geopolitics and political economy researcher

Following news that Brazil and China agreed to trade in their local currencies, it emerged that a French company charged the export of liquefied gas (LNG) to China National Offshore Oil Corporation in the Chinese yuan. This is another sign that the inexorable process of de-dollarization has gained momentum and even spread to the European Union. 

This should not be surprising given the difficult economic situation across the EU, meaning that companies will look after their own interests above all. None-the-less, the media has already characterised the transaction between the Chinese company and Total Energy in yuan as historic. 

Although this change in currency transaction may resonatewith the situation in which the world is currently in, the de-dollarization process started long before the Ukrainian and pandemic crises. It is recalled that German companies were buying Russian gas from the Moscow and St. Petersburg exchanges with rubles.

Meanwhile, the dollar, which once accounted for 70% of foreign exchange reserves, has now fallen to 59%. The process is ongoing, and will take a long time, but it cannot be halted. One of the initial goals of the BRICS association was de-dollarization. Every annual conference since the founding of BRICS has stressed these processes. Although trading in foreign currencies expectedly developed between BRICS members and aspiring members, such as Egypt, it was not expected that countries like France would join the fray so quickly. 

The case of Total Energy is significant because it indicates that the de-dollarization has started even in Europe. Although state leaders and governments might have certain policies,companies must adapt to the requirements of the manufacturer and major customer, which in France’s case is China.

The Chinese insist on payments in the yuan so that it becomes a reserve with the same respect as the dollar, Swiss franc, euro, and yen. The yuan is an international means of payment that fully meets standard norms because currency parity can be established with it.

Such a transaction is not only important for China, but also for France. By selling oil or gas to the Chinese for yuan, it removes the need to deal with US banks to receivedollars. The accumulated yuan can then be used in China to buy nearly every product that the US can also supply. In this way, the French also bypass a middleman (the US) if they want to buy products from China.

Although French President Emmanuel Macron is obedient toAmerican policy on Ukraine, it is recalled that he was the firstto react to Donald Trump’s trade war with Beijing by taking the 50 largest French companies to China, thus demonstrating he does have a willingness, when he wants, to show a semblance of French sovereignty.

The facts are that the French cannot remain a powerful military and economic power if it ignores the biggest market in the world, which is obviously China. It appears it is not only France though as an entire entourage of EU leaders aregoing to Beijing soon. EU leaders could distance themselves from Washington’s expressions of wanting to impose furthersanctions against China.

At the same time though, the head of the European Commission, Ursula von der Leyen, is going to Beijing with Macron on April 4. Ahead of the trip, on March 30, she made a fiery speech against China, saying that the country has become “bolder” and “more repressive at home and more assertive abroad.”

She added that the EU needed to have “a clear-eyed picture on what the risks are,” noting that EU-China relations had become “more distant and more difficult” in recent years. The European Commission president, seemingly more emboldened by being a NATO chief candidate, claimed that China moved into “a new era of security and control” and ramped up “policies of disinformation and economic and trade coercion.”

Fu Cong, China’s ambassador to the EU, hit back a day later, saying “Whoever wrote that speech for President von der Leyen does not really understand China or deliberately distorted Chinese positions.”

“That speech contained a lot of misrepresentation and misinterpretation of Chinese policies and the Chinese positions,” Fu added.

This suggests that either there is division in Europe regardingrelations with China, or Macron is going down a similar path with Russia by giving mixed signals and believing that economic relations can paint over European aggression and provocation.

As confusing as Europe’s position might be, as is typical, the example of the French company abandoning the dollar in transactions with China will be a signal for other European countries to not bypass the Chinese yuan as a means of payment. 

At the same time, the way Washington approaches international cooperation has only served to accelerate thedecline of the dollar hegemony. The exclusion of Russia from Western financial systems and institutions proved to only push forward the use of local currencies amongst states, notably India-Russia, Brazil-China and now France-China.

The fact that China’s GDP is nominally smaller than the US’but its purchasing power is 25% higher, which is the most important parameter and measures China as being the strongest economy, is already understood by most of the world. It is for this reason that de-dollarization will only accelerate, even though it is an overall process that will take time.

Breaking News! Russia talks up a New BRICS Currency to Rival US Dollar Hegemony

All of that and more war news on Russia, China and the USA are in today’s short video. Time is short, prayed up and prepped up!

New Currency for BRICS Nations

EU to Criminalize Cash

Australian Megabank Limits Cash

US not ready for war against China and Russia

Brazil and China agree to trade outside US Dollar

Rumble version of my video

Bitchute Version of my video

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