China, Brazil strike deal to ditch dollar for trade
www.straitstimes.com
It's Beijing’s latest salvo against the almighty greenback. Read more at straitstimes.com.

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary

The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar.

:xicko:

Now the Belt and Road Initiative, please

  • Coca_Cola_but_Commie [he/him]
    ·
    2 years ago

    This just in, at the request of the government-in-exile headed by Jair Bolsonaro, the US is set to launch military operations in Brazil to topple the tyrant Lula and restore democracy to the people of Brazil. The Biden admin states that there have been credible reports that under the Lula regime the citizens are made to eat ground human and that Lula is working directly with the antichrist to open a portal to hell. Former US President George W. Bush has denounced President Lula as a "neo-Baathist."