Property Rights and Chinese Renembi: BRICS World Order – Brazil and China strike trade deal agreement to dump the US dollar (Lula is a socialist) – March 30, 2023,
More Usage and potential more infrastructure for the Renembi as Brazil, which has a SOCIALIST ruling, decides that using the U.S. dollar is a hindrance, likely because Environmental, social, and corporate governance(ESG) will be a hindrance to growth in developed nations. So my thoughts on Brazil dumping the dollar revolves around potential election fraud in Brazil as well as common sense.
It’s a known fact that the Chinese Communist Party is financing Lula and many other Political leaders in Latin America. China grants loans and gives money to politicians under the table, anyone who cares to know, knows about this already, but if you want to talk about common sense, the reality is that China has been Brazil’s largest trading partner since 2009, and although ESG is popular culture right now, it will take decades or possibly CENTURIES for it to be a reality, so in the meantime, if a politician wants to win an election, said politician requires the flexibility to lie.
What I mean by this is, let’s say an idiot politician, we’ll call him Joe Biden, wants to BULLY a third-world nation by threatening said third-world nation with sanctions and whatever other popular tool the idiot leaders in the developed world can think of. Well, now, Brazil can officially give the U.S. the finger and tell them to BUZZ off.
But Brazil will also have the option to LIE, so let’s say a Donald Trump type comes along and wants to BULLY nations he calls currency manipulators, and trump threatens Brazil with tariffs if they don’t fall in line; well, now, Brazil can PRETEND to be scared, nod their heads and smile give Trump the finger and tell Trump to BUZZ OFF.
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This is actually a double whammy for the U.S. dollar because the play here by China is NOT to dethrone the dollar; it’s to become a dollar ALTERNATIVE; the Chinese are indeed building the infrastructure to CHALLENGE the U.S.dollars reserve currency status. But you have to remember that the Chinese Communist Party(CCP) is filled with TECHNOCRATS.
Basically, the CCP is turning the U.S. dollar into everybody’s bitch, meaning you Americans do all the heavy lifting while the Renembi lingers in the background, becoming an alternative to every country America decides to wage ECONOMIC wars against. All China has to do moving forward is take away market share.
Now, I have to add that because China does not respect property rights, the U.S. dollar will still be the preferred currency of trade, but if China becomes the WHOLESALE currency in which people use to trade, while the U.S. basically becomes the retail currency of trade, you can see where the business communities globally will be gravitating too.
In regards to Brazil and many other nations that are heavily dependent on China, unless the CCP makes a mistake or unless the USA engages in SERIOUS austerity measures, the U.S. will dissolve into Paper Tiger status.
In my opinion more and more countries are going to see this ESG movement which continues to grow by the way, as a threat to their development, and I suspect you will see a lot more nations shifting away from the U.S. dollar.
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Now, again this does not mean that the U.S. dollar on the forex markets will lose its value; however, what this does mean, is that sanctions potentially in the next few years will be WORTHLESS. When I write about Fiat money, I write about INFRASTRUCTURE; the U.S. dollar has infrastructure for its currency al over the world; when we talk about EURODOLLARS, it’s actually U.S. dollar-denominated INFRASTRUCTURE in nations outside of the United States.
The Chinese Communist Party is a technocratic entity, so unlike the United States, it’s going to want to CONTROL its currency; however, if you’re talking about doing lots of trade, with the U.S. dollar as basically the gold standard of fiat currencies, well, this benefits China.
In order to remain competitive and keep its own people in line, China doesn’t want its currency to appreciate in value; however, if it can use the U.S. dollar as a measuring tool to value the Renembi, well China which currently controls the means of production GLOBALLY, can become even more powerful.
The weakness of China’s plan is that its technocracy and doesn’t respect property rights; with technocrats and social engineers, their plan has to work out perfectly, and often, the case is that unexpected events sneak up on you. So although on the surface, this plan by the Chinese is pure genius, you never what could happen in the future.
In my opinion, Joe Biden is a rare type of idiot; I don’t know if America will elect another idiot like him again, and I also do not think Donald Trump will become President again; I suspect the Republican Party is already tired of him. I am not claiming that America will return to the days of old, but what I am saying is that expect the unexpected.
The Renembi is playing a very dangerous game.
Brazil, China strike trade deal agreement to ditch US dollar | foxbusiness.com
China overtook the United States as Brazil’s top trading partner in 2009
