Yuan Surpasses Dollar: China’s Currency Takes Lead in Global Markets. The evolving dynamics of global currency markets underscore the intricate interplay of economic, geopolitical, and monetary forces shaping the international financial landscape

Story by Rahul Kumar The UBJ April 16, 2024

 The recent surge in yuan transactions in Russia signifies a significant departure from the longstanding dominance of the US dollar in international trade. This shift reflects Russia’s strategic maneuvering amidst geopolitical tensions and US sanctions, which have increasingly isolated the country from traditional global financial markets. Faced with limited access to dollar-denominated transactions and financial instruments, Russia has sought alternative avenues to conduct its trade and investment activities. The pivot towards the yuan is not merely a pragmatic response to economic constraints but also a strategic move to deepen economic ties with China, its largest trading partner.

By embracing the yuan, Russia aims to bolster its economic resilience and reduce its vulnerability to external pressures, particularly those emanating from Western sanctions regimes. Moreover, the yuan’s ascendancy in Russia underscores China’s growing influence in global finance and its efforts to internationalize its currency. Russia’s plans to triple its yuan transactions underscore its commitment to diversifying its currency reserves and expanding its financial cooperation with China. This expansion reflects a broader trend observed in other countries seeking to reduce their reliance on the dollar-dominated financial system.

In Asia, nations closely monitor fluctuations in the value of the US dollar, which plays a pivotal role in shaping export competitiveness and price stability. Central banks in countries like South Korea, Thailand, and Poland remain vigilant, ready to intervene in currency markets to mitigate volatility and support their respective economies. Recent US economic reports revealing higher-than-expected inflation rates have bolstered the dollar’s strength, complicating monetary policy decisions for emerging markets. The prospect of the Federal Reserve delaying interest rate cuts further reinforces the dollar’s appeal as a safe-haven asset, particularly during periods of heightened geopolitical tensions. Consequently, emerging market currencies face downward pressure as investors seek refuge in the dollar amidst uncertainty and risk aversion. Escalating tensions in the Middle East, particularly between Israel and Iran, have heightened demand for safe-haven assets like the dollar.

Geopolitical instability amplifies risk aversion among investors, prompting capital flows into perceived safer assets. This flight to safety strengthens the dollar’s status as the world’s primary reserve currency during periods of geopolitical turmoil, underscoring its role as a global haven for investors seeking refuge from market volatility. Central banks play a crucial role in stabilizing currency markets and managing exchange rate volatility. Verbal interventions by central bank officials are aimed at influencing market sentiment and restoring confidence in domestic currencies.

Given the Federal Reserve’s hawkish stance on monetary policy and the prospect of higher interest rates, central banks, particularly in Asia, are compelled to intervene proactively to mitigate depreciation pressures and maintain currency stability. The challenges posed by persistent inflationary pressures and reduced expectations for US rate cuts present formidable obstacles for emerging markets. Balancing the imperatives of price stability and export competitiveness becomes increasingly challenging in the face of dollar strength and geopolitical uncertainty.

Market participants anticipate further declines in Asian currencies as the Federal Reserve maintains its tightening bias, necessitating decisive actions by central banks to manage currency volatility and liquidity effectively. The evolving dynamics of global currency markets underscore the intricate interplay of economic, geopolitical, and monetary forces shaping the international financial landscape. As countries navigate the complexities of currency competition and financial resilience, central banks and policymakers must remain vigilant in maintaining stability and fostering sustainable economic growth amidst a rapidly changing global environment.

America is losing its global influence to the BRICS faster than we expected

Story by Jai Hamid Cryptopolitan April 15, 2024

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BRICS is now the big boss in managing trade, commerce, and payment settlements across the developing world, showing the US the exit door in these regions. The once formidable grasp of the US among non-Western countries is slipping, and BRICS is filling up this power vacuum fast. It’s the only game in town seriously challenging the almighty US dollar, making it an attractive club for a growing number of developing countries. The US is watching its global domination slip as fears mount in these countries about three major headaches: harsh sanctions, the giant mound of US debt, and their own currencies taking a nosedive. Real-time economic shifts are pushing these countries to rethink their cozy relationship with the US dollar.

Janet Yellen spilled the beans earlier that the US’s habit of slapping sanctions left, right, and center is what’s pushing countries towards BRICS and others to snip their dollar ties. The US debt clock is now ticking past $34 trillion. That’s right, trillion.

So, holding onto the US dollar is looking riskier by the minute for the economies of developing nations. This massive debt is messing with their economic growth and making life tough for local businesses by dragging down their currencies, as they end up holding chunks of this US debt in their reserves. Basically, they’re importing America’s financial headaches along with its dollars. Now, let’s talk fireworks in the Middle East. Iran decided to light up the skies over Israel with over 300 missile drone attacks last Sunday. Thanks to the Iron Dome, all these were intercepted, but that doesn’t ease the tension one bit, with the war drums getting louder. Amidst this chaos, BRICS is playing its own game, calling for the Middle East to kick the US dollar to the curb for oil settlements. Russian President Vladimir Putin is out there urging Middle Eastern countries to really show the US and Israel what’s up by ditching the dollar in oil trades. According to him, that would bring the two countries to a screeching halt economically.

This year, BRICS got strategic and welcomed oil biggies like the UAE, Egypt, Ethiopia, and Iran into their fold. They even gave Saudi Arabia an invite, though the kingdom is still playing hard to get. The big plan? To knock the US dollar off its perch by getting these oil-exporting countries to accept local currencies for their oil and gas trades. If Saudi Arabia jumps on this bandwagon, BRICS could really tighten its grip on the global oil and energy markets.

My mN Putin’s betting big on this. He’s said loud and clear, “If oil producers in the Middle East stop using the US dollar, it will be the end of the dollar.” But despite this bold call, Middle Eastern countries haven’t yet ditched the dollar in oil settlements. It’s still the go-to currency for oil and gas, with local currencies just picking up the scraps in global trades.

Let’s rewind to 2001.

That’s when Jim O’Neill of Goldman Sachs cooked up the idea of BRIC (before it expanded to BRICS with South Africa and the newbies in 2024). He saw Brazil, Russia, India, and China as the future big players in the global economy. Fast forward, and his predictions aren’t just hot air. From 2012 to 2022, China alone has been behind about a quarter of global GDP growth, with BRICS collectively outdoing themselves, contributing over 45%.

Launched officially in 2009 and rebranded as BRICS in 2010 when South Africa joined, this group has seen its trade relations bloom, though China has been hogging the limelight. The trade growth within BRICS has been uneven, mostly powered by China, while the others haven’t seen much action until India started picking up the pace recently. Their positions at the UN are getting pretty cozy with China’s line, whether it’s on human rights in Xinjiang or more global spats like Ukraine and the Israel–Palestine mess. Brazil was the odd one out, sticking with the West on Ukraine back in March 2022, but even they’ve blurred the lines since and are now singing from China’s hymn sheet on Gaza.

China’s leading the charge to puff up BRICS even more to be a louder voice for the developing world. They’ve thrown invites to a lot of countries, including some big oil players and others in shaky financial spots. This crew includes net creditors like Saudi Arabia and the UAE, alongside net debtors, which sets up a diverse group that could either mix well or clash. BRICS is shouting for big changes at the IMF and World Bank to make these bodies more about everyone, not just the usual heavyweights. They’re pushing for a shake-up at the UN too, arguing that its old-school club of five with veto power isn’t cutting it anymore.

MbS Makes ‘Pact’ with the United Nations:

The goal of course is to make BRICS a solid platform for developing countries to air their gripes and push for trading in local currencies, especially with China, promoting a more open and fair global trade system.

2024: The Rise of the Beast. Mohammed bin Salman. Man-by-Satan. MbS. For Those ‘Left Behind.’

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In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

www.nightwatchman.blog

Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs (7) of Salvation through Jesus Christ (the Lamb)

1. (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.