patrick.net

I wonder how many flights to Kazan are being cancelled now?

DemocratsAreTotallyFucked says

I wonder how many flights to Kazan are being cancelled now?

Reserve currency means foreign countries mostly hold US dollars as short term US Treasuries. That helps in increase demand for US Treasuries. However, examine how China has slowly reduced its US Treasuries holdings since 2014.

The Social Security Trust Fund, Federal Reserve (along with American 401k and IRA account holders) are the number 1 buyer of US Treasuries, not China, Japan, or any of the foreign countries combined.

A lot of these American account holders have at least 40% in US Treasuries (i.e., like Vanguard Lifestrategy Moderate Growth Fund).

My guess is the US federal government remains solvent by eventually reducing Social Security payments to "rich and well-off senior citizens", as part of some means test.

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AD says

Reserve currency means foreign countries mostly hold US dollars as short term US Treasuries. That helps in increase demand for US Treasuries. However, examine how China has slowly reduced its US Treasuries holdings since 2014.

Selling USTs increases demand for USDs, actually.

LOL, South Africa.

The only thing funnier than that is India and China agreeing to share a currency.

Brazil, Russia, China, and South Africa sounds like a recipe for massive corruption.

I'd put more trust in Iraqi Dinars

https://www.gulf-times.com/article/692826/opinion/the-brics-still-dont-matter

BRICS issued toilet paper:



See the Taj Mahal? That's a tomb.

Still, ppl would rather have this than the euro:

DemocratsAreTotallyFucked says

"What is happening to the Euro?"

The Globalist Nazis want to bankrupt Europe. Recall that the they blew up the
Nord Stream pipeline and were proud of the fact.

The_Deplorable says

The Globalist Nazis want to bankrupt Europe. Recall that the they blew up the
Nord Stream pipeline and were proud of the fact.

The euro is used to back pegged currencies in Africa (West African CFA franc & Central African CFA franc) like the USD is for the currencies used many the Carribean and Latin American countries. On top.of that, the 500 euro note is popular with money launders over the $100 note.

But that data refers to SWIFT transactions. I never knew the euro was processed via SWIFT. Learn something new every day.

So, does this really mean that the drop is likewise only in said SWIFT transactions? Because the euro probably is transacted outside of SWIFT, like in intra euro zone transactions.

https://www.bbc.com/news/articles/c624m4kgrg3o

Yup. Brazil definitely sabotaged the BRICS summit.

https://open.substack.com/pub/doomberg/p/lula-hoops