Getting Around U.S. Sanctions while still transacting in EURO DOLLARS! Chinese Communist Party(CCP) Technocrats outsmart The U.S. Government – April 2, 2023,

The People’s republic of China still has capital controls on their currency because, truth be told, anyone in CHINA, given the option NOT to transact in Renminbi (RMB) would GLADLY take that option. As most people know, The Chinese Yuan (CNY) is for transactions OUTSIDE of China’s mainland, and their system exists to CONTROL their population.

What I’m getting at here is that China is DISINTERESTED in dethroning the U.S. dollar as their currency actually has ZERO value and very little demand. If the U.S. dollar were to fail, it’s likely the world will by default return to a Gold Standard at least to rediscover PRICES in the immediate term. Fit money is indeed worthless, but why the U.S. dollar is given value is what the U.S. allows for OUTSIDE of its borders.

Entire markets outside of the U.S. allows foreign powers to decide the foreign exchange value of the U.S. dollar, and because demand, usage, and infrastructure and PRIVACY exist for U.S. dollars, it’s the preferred fiat currency of choice. Better still is that the U.S. dollar allows nation like China with capital controls to DEBASE their currency, if or whenever the situation calls for it.

In my opinion, the last thing China wants is to have its currency appreciate too high, as it would make its manufacturing more expensive; however, what China does want is to be able to IGNORE U.S. sanctions. Ignoring U.S. sanctions is also very appealing to other nations.

America as well as many parts of Western Europe, can be a bully, forcing countries to SUBMIT to their values in exchange for ACCESS to their financial infrastructure. Well, the Chinese technocrats have managed to make western nations reliant on their economy. Therefore, the CCP will now use the U.S. dollars VALUE without using the U.S. dollars infrastructure.

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. was used as a WEAPON against Putin; well, as anyone who understands S.W.I.F.T. knows is that it’s nothing but CONVENIENCE. S.W.I.F.T.merely made transacting in Eurodollars more convenient, but anyone can build their own S.W.I.F.T. system, and although the CCP version of S.W.I.F.T. operates differently, the concept is the same.

China now has the means to go around U.S sanctions while still benefiting from the DECENTRALIZED U.S dollar, and it only gets worse from here, as I like to point out when writing about environmental, social, and (corporate) governance (ESG) it’s merely a wealth transfer and a lot of goes into ESG has to go through China.

So, what’s actually happening is that China is enriching itself with U.S. dollars, potentially while selling U.S. treasuries. What China is doing is risky because if the Western world ends the financial and economic insanity, then China is screwed. After all, you must remember that this plan revolves around Western Nations sticking to their current trajectory.

If there is no incentive to transact over the Chinese system, well, then there will be no buyers and no sellers, and a whole lot of bloat from all the infrastructure they’re building, similar to Ghost cities in China, won’t have any occupants. All that aside, until the U.S. engages in austerity measures, I’d say China wins this race.

Interesting times ahead