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And what are they talking about with Russian buyers getting their money back from China after receiving the goods? Who is sending the money back to Russia?
Sure you can run a deficit with gold.
Chinese banks or intermediary bsnks. The Indians have done it via another way, buy the result is that Russians have rupees that they aren't allowed to spend on Indian goods they want to buy.
This is strange as the Russians should be able to do whatever they want as far as spend the rupees in India.
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This is a 1hr video, but very good explanation of coming de-dollarization. Take sometime to listen to it.
I dont agree 100% with the points in the video but would like any financial experts thoughts about it.