Sunday, April 30, 2023
Dmitry Medvedev Wants Ukraininan Military Destroyed and Kiev Regime Dismantled
No to 'Z' and 'V' but 'O' is Okay
Saturday, April 29, 2023
USD Slides 10X Faster
The Dollar now represents about 58% of the global reserves, down from 73% in 2001. Developing nations’ experimenting with the de-dollarization initiative is speculated to currently lead Dollar’s decline. In fact, the USD has dropped nearly 15% in the last two decades and continued to slide amid fears of an upcoming BRICS currency.
Since 2016, the Dollar lost nearly 11% of its market share. Developing nations’ replacing the USD for international trade picked up steam making the Dollar face threats of a global collapse.
Exceptional actions by China and Russia challenged the Dollar’s hegemony and are pulling other nations towards their side. The development has startled the US, as European countries are buying laundered oil from Russia through Saudi Arabia. France also settled an LNG gas trade with China and paid in yuan. Therefore, not only developing countries, but European nations are also looking at ways to sideline the Dollar.
While the Dollar has already lost its shine, more pressure on it could eliminate its global clout. The next BRICS meeting in August 2023, in South Africa could seal the fate of the US dollar’s prospects.
China’s COMAC are poised to challenge the dominance of Boeing and Airbus. Finally.
HNA Aviation Group, which operate China’s fourth-largest aircraft fleet, signed a contract for 60 of COMAC’s C919 single-aisle passenger jet and 40 of the ARJ21 regional jetliners on Thursday in Shanghai, China according to a statement that did not divulge financial details.
The procurement is a boost for Commercial Aircraft Corporation of China that gives them a leg up in their race to catch up with Boeing and Airbus in the global aviation industry. China is aiming for a modest 10-per cent share of domestic aviation by 2035. By the end of last year, COMAC received orders for 1,035 C919 airliners, their flagship product to rival Boeing’s 737 and Airbus’ A320.

































