Tense..

 

In a question and answer session after his speech, Austin added: “Conflict in the Taiwan Strait would affect the global economy in ways we cannot imagine.”

Chinese People’s Liberation Army Lieutenant General Jing Jianfeng told China’s state broadcaster CCTV that the US defense chief’s comments on Taiwan were “completely wrong.”

Austin’s comments earlier came at a tense time for relations between the US and China, as China recently rejected an offer from Austin to meet at the summit in Singapore, citing US sanctions on Chinese officials and companies.

What caused the tension between US and China? Pelosi, Biden, or...

Cover..

 

Kick..

 

Loose..

 

Maduro..

 

Venezuelan President Nicolas Maduro called for a “multi-polar” world rather than one dominated by the US, as he arrived in Brazil seeking to rebuild his nation’s alliances after years of isolation. 

In his first international trip in seven months, Maduro met with President Luiz Inacio Lula da Silva in Brasilia ahead of a regional summit. 

His visit is the latest evidence of an ongoing thaw toward the Venezuelan government after leftists won elections in Brazil and Colombia last year. Maduro’s international travel has been curtailed in recent years by sanctions by the US, which has openly backed attempts to overthrow him.  

Lula, as the 77-year-old Brazilian leader is known, has repeatedly criticized US policy on everything from Venezuelan sanctions to its arming of Ukraine to its efforts to get WikiLeaks founder Julian Assange extradited.

  Just a thought.

Hate..

 

Fun..

 

Decline..

 

Future..

 

Yuan..

 

BRICS is looking to create a new currency to take on the U.S. dollar on the international stage for cross-border transactions. 

China’s President Xi Jinping is moving to convince several countries to settle trade with the Chinese Yuan. 

France recently settled an LNG gas trade with the Chinese Yuan and not the U.S. dollar. In addition, Yuan is now the top traded currency in Russia and not the USD. 

The development is adding strain on the dollar’s prospects and challenging its supremacy as the world’s reserve currency.

However, despite the aggressive efforts, China does not want the Chinese Yuan to replace the U.S. dollar, reported Business Insider. 

While the Yuan is the top contender to take on the dollar, China does not want it to be the global reserve, according to BI.

 

The U.S. projects power across the globe through its massive military. It also weaponizes the U.S. dollar, using its economic dominance as both a carrot and a stick.

This may erode its stick.   Just a thought.