Chinese Trade Alliance – 246

Saudi Arabia Arabia though enters trade Alliance with China Russia India Pakistan and four Central Asian Nations Saudi Arabia has entered a trade Alliance with China Russia India Pakistan and four Central Asian Nations Moreover the development arrives after News of the first one settled energy Trade further lessening International Reliance on the U.S dollar specifically CNBC reported that Saudi Arabia's Cabinet has approved a recent memorandum That takes steps toward joining the China-led security Bloc additionally the Report notes that the move strengthens Rihad's Eastern ties in a further step Away from U.S interests It's pretty difficult because One of the big things that propped up The US dollar was obviously its use in Purchasing oil from Saudi Arabia And kind of that trade of military power And protection with Saudi Arabia in Exchange for them only accepting the US Dollar a move like this is Further basically further weakening the U.S dollar and that doesn't come at a Great time when we're seeing record high Inflation rates right the past few weeks Have highlighted the growing concern Over the U.S and the dollarization Moreover as the budding Bank Christ Banking crisis continues in various Macroeconomic circumstances abound along

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The debt ceiling remaining a concern International trade is seeking other Avenues outside of the US dollar now Following news of the first one settled Trade Agreement these steps have become Clearly pronounced specifically Saudi Arabia has taken notable steps towards Joining a trade alliance with China Russia India Pakistan and four Central Asian Nations the Saudi cabinet approved A memorandum that awarded Riyad the Statute or read this status I I'm saying That wrong sorry the status of dialogue Partner in the Shanghai cooperation Organization according to CNBC Subsequently The Joint coordination is a Political and security trade Alliance That is led by China the decision to Join the sco reported quote false shorts Fall short of full membership end quote But continues expanding their interest Towards the east conversely the decision Follows a deal made in March for both Saudi Arabia and Iran to quote resume Diplomatic relations and reopen Embassies in each other's countries I've been talking about bricks for quite Some time I talked about it coming in to Basically try to destabilize the dollar And if we take a look at things that Have been happening in the recent past To destabilize the dollar further Including but not limited to of course The shutdowns and the the I don't know

Where do we where do we go from there Established in 2017 octo Miner is an International mining hardware company They manufacture and engineer the best Mining equipment in the industry and Supply rigs to some of the largest Mining farms around the world their GPU Mining rigs also integrate with the top Crypto operating systems like Hive OS Miner stat and simple mining all parts Come with an international one year Warranty exciting news they will be Adding Asic miners for sale to their Website soon and launching a new product Built specifically for Asic home miners Please visit or email Support for questions The shutdowns which obviously spurred on The inflation which has uh in turn Increased the amount of dollars in Circulation which has in turn decreased The value of the dollar which is being Propped up of course by this by energy Right and and this is something that the The software talks about that I've been Talking I've been trying to get Everybody to go read that book so that Everybody understands uh what I'm Talking about when I refer to this but Like it really is all just about energy And you can have a completely peaceful Collapse of a Nation if it fails to Accept or capitalize really or move fast Enough into new technologies right we

Talked about Constantinople example with The canons and the collapse a week later When or a year later when they refused To you know do canons they collapsed and Lost to to the Cannons you know Basically being used against them when They didn't have any cannons and it's um There could be A potential uh D stabilization of the US Dollar based on the The anti-crypto Stance of a lot of People within the current U.S government Because at this point Bitcoin does Become this unattackable Store of value that can be used to Strengthen a country's position Financially right and economically And to completely ignore that and not Foster that Innovation we'll put you in A in a poor position at the end of the Day right I mean that's really what it Comes down to and I think China's Starting to see this as well because Chinese Banks Court crypto firms in Hong Kong after Mainland banned Hong Kong crypto firms coming from Hong Kong crypto firms rushing into Hong Kong After the city opened its doors to The Battered sector or finding a surprising Source of potential support China's State-owned Banks Chinese banks have Been directly reaching out to crypto Businesses over the past few months Adding to signs that the city's push to

Become a major digital asset Center has Backing from Beijing even though the Trading of crypto has been banned on the Mainland for well over a year ban it From who the citizens right but it's Clear that they see that there's power Within cryptocurrency because What are they running to right and if You wanted to have any sort of Indication of where things are headed I Would say this is a pretty good Indication the Hong Kong arms of bank And Communications Bank of China and Shanghai uh padong Development Bank if I Said that correctly have either started Offering banking services to local Crypto firms or have made inquiries According to people with knowledge of The matter on at least one occasion Sales representatives from one Chinese Bank even visited the office of a crypto Company to pitch its services said one Person so as opposed to what's happening In the west where we see basically this Concerted effort to close down and stop Crypto participation with U.S Bank U.S Banks right now we're seeing Chinese Banks go in and try to start Participating Within cryptocurrency So it it's two very opposite reactions Interactions Happening Here The olive branch is notable on this as The sector has been shunned by Major Banks and face difficulties in securing

Normal banking services such as opening An account to pay staff and vendors it Is also an opportune time with the Lenders filling a void after the Failures of U.S tech Bank Silicon Valley Bank silvergate capital and Signature Bank the push by Chinese lenders means a Lot to us because it's something you'd Never expect at this point even around The globe said Mr sung mean ciao Founder and chief executive of be able a Provider of of a messaging system for Decentralized applications And I mean it is sort of shocking right But it's kind of the perfect setup if You want to prevent you know individuals Within the country from participating in It because you can maintain control with Your own Central digital digital or Centralized digital currency right the Central Bank digital currencies and then At the same time still be playing the Game this really isn't dissimilar from China's strategy in general over the Past decades right it's like China as a Country sort of participates in Capitalism but not with in that not with The actual citizens that they govern Right so it's like it's it's always been Kind of also playing an unfair game it's Like the capital of a Nation versus the Capital of individual countries in the West obviously which one's going to win Out there and and this this this

Strategy that they're utilizing with Bitcoin actually falls completely in Line with the same strategy the strategy They used uh in relation to capitalism So it's not really surprising to me Thanks for checking out this clip from The crypto mining show you can check out The full episode here or more crypto Content down here also I'd like you to Check out my locals page at son of a where you can become a Member for free or choose to be a five Dollar a month supporter that unlocks Additional content

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