ANOTHER COUNTRY DUMPS DOLLAR: Brazil, China Strike Deal TO Ditch US Dollar
No media coverage. The biggest stories of the day are censored from the American public, leading sheep to slaughter. The dollar as the main world currency is a pillar of our strength and power. More countries are mulling a similar move.
Look what Biden and The Democrats did to us. Former Brazilian President Jair Bolsonaro (below) was a great ally of the US but Biden and the Democrats worked furiously to overthrow and aid and abet election rigging in Brazil to install the communist criminal Luiz Silva.
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Brazil, China strike trade deal agreement to ditch US dollar
China overtook the United States as Brazil’s top trading partner in 2009
By Bradford Betz, FOX Business, March 30, 2022:’
Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions.
The deal, announced Wednesday, will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais – or vice versa – rather than first converting their currencies to the U.S. dollar.
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) said the new arrangement is expected to “reduce costs” and “promote even greater bilateral trade and facilitate investment.”
China is Brazil’s largest trading partner, accounting for more than a fifth of all imports, followed by the United States, according to the latest figures. China is also Brazil’s largest export market, accounting for more than a third of all exports.
China overtook the United States as Brazil’s top trading partner in 2009. Today, Brazil is the largest recipient of Chinese investment in Latin America, driven by spending on high-tension electricity transmission lines and oil extraction.
Officials from both countries reached a preliminary agreement to ditch the U.S. dollar in January and the deal was announced after a high-level China-Brazil business form in Beijing.
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