Israel Dumps The Dollar For China's Renminbi

Discussion in 'Economics' started by The_Krakenite, Apr 22, 2022.

  1. maxinger

    maxinger


    that is interesting.

    There are quite a few religious buildings/staff in this world
    that are very rich.
    some even have been known to have hidden treasures.
     
    #31     Apr 24, 2022
  2. Overnight

    Overnight

    I read about that once. Illuminati and stuff.

     
    #32     Apr 24, 2022
  3. MarkBrown

    MarkBrown

    Israel has flipped flaming liberal like the US and so your going to see all sorts of un-explainable stuff happen globally.

    Meanwhile I just trade the waves with no burden of applying logic, it's simply math.
     
    #33     Apr 25, 2022
    AKUMATOTENSHI likes this.
  4. piezoe

    piezoe

    Another insanely absurd article from Z. H.! with another absurd Headline. Adjustment of Reserve balances, a common Central Bank action, has become, in ZH lingo, a 'Dumping of Dollars'. What happened to the Euros? I guess they were not "dumped" but just delicately shoveled over to the Bank of China's Euro Reserve account.

    Durden's prediction "...that China and Russia would grow far closer economically" really made me laugh. If I generously leave out the word "far" which probably makes the prediction wrong, I will still insist on being as kind as possible when calling on sarcasm to describe Durden's prediction as "not quite reaching genius level."

    And the bit about "...creating, in essence, a second global monetary system where the US dollar is no longer the reserve currency" left me speechless but fortunately still able to type. So there is going to be another "Global Monetary System" based on the Ruble and the Renminbi? Oh really! I'm checking my couch now for loose change that, following the Bank of Israel's lead, I can dump in the trash.
     
    Last edited: May 4, 2022
    #34     May 4, 2022
    VicBee likes this.
  5. piezoe

    piezoe

    The real beauty of your posts, which I am dead certain you can not bring yourself to fully appreciate, lies in their ability to give sensible posts, like, ph1l's, greater meaning.

    This is really the purpose of your posts, isn't it? That is to set the zero mark to measure the real posts against.
     
    #35     May 4, 2022
    Mr Subliminal likes this.
  6. SunTrader

    SunTrader

    And the FX market says to Israel, hold my beer:-
    ! DXY.png
     
    #36     May 4, 2022
    piezoe likes this.