@liztai

I missed this entirely.

Is the US right making a civilizational / #culturewar issue out of #Dedollarization then? Or are you referring to Chinese media?

#dedollarization with Radhika Desai & Michael Hudson https://www.youtube.com/watch?v=Ew21FOlftkU

#Dedollarization
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RT @quanyi_li2
Now the Saudis have expressed interest in joining BRICS, looks like they have decisively decided to break with Washington, moving away from using USD for oil sales will be next, this will be the most dangerous period in SA history in my view 🧵
https://www.washingtonpost.com/world/2022/10/18/saudi-congress-democrats-midterms-oil-biden/
https://twitter.com/quanyi_li2/status/1582556750867152896

"The confiscation of Venezuela’s gold reserves...& its US investments, [and] of $300 billion of Russia’s foreign-exchange reserves [& the] threat to do the same to China & other countries resisting US foreign policy has made #Dedollarization urgent." https://thecradle.co/Article/Interviews/16536

Even if this price cap thing were to succeed, surely it would just serve to accelerate #Dedollarization?
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RT @JavierBlas
With Nancy Pelosi in Taiwan, it's fair to assume that the chances of China ever joining the US-G7's Russia oil price cap initiative have gone considerably lower.

And without China, you don't have India. And without either, well, you don't have any emerging nation | #OOTT
https://twitter.com/JavierBlas/status/1554536971741044739

Right from the outset, BRICS stated #Dedollarization as one of its objectives. http://www.informationclearinghouse.info/57137.htm

This old graphic needs an update, showing how the dollar dropped the ball in 2022. #Dedollarization
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RT @FiorellaIsabelM
I’m sure the empire is telling the truth this time though.
https://twitter.com/FiorellaIsabelM/status/1523433478855233537

#dedollarization
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RT @BenjaminNorton
Brazil’s left-wing leader Lula da Silva says if he wins the 2022 presidential elections, “we are going to create a currency in Latin America,” called the Sur ("South"), to combat “the dependency on the dollar” https://multipolarista.com/2022/05/04/brazil-lula-latin-america-currency-us-dollar/
https://twitter.com/BenjaminNorton/status/1521926934841610240

@cybeardjm The good news is that the dollar is no longer the indispensable global currency. #DeDollarization

#Dedollarization
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RT @Reuters
IMF warns Russia sanctions threaten to chip away at dollar dominance - FT http://reut.rs/3Nz1Tki
https://twitter.com/Reuters/status/1509425394897850375

#Dedollarization https://www.dumptheguardian.com/politics/2022/mar/24/rift-over-ukraine-exposed-as-high-powered-uk-delegation-to-india-called-off

#Dedollarization
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RT @ComptonMadeMe
The dollar’s ongoing steady decline as a global trading and reserve instrument has significant implications for the U.S. economy
https://twitter.com/ComptonMadeMe/status/1505950065650589696

If you read the small print (do people still do that, or is it all just doomscrolling now?), it says that this is about a quarter of their debt service costs, the rest going to "other international lenders." Hence the significance of the forthcoming #Dedollarization
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RT @business
The world’s poorest nations will pay China and its lenders almost $14 billion this year in debt servicing costs, according to new research https://trib.al/orG…
https://twitter.com/business/status/1505722530933489667

Responses to this tweet tend towards moralizing. Nobody seems to notice the real significance: the transactions will bypass the dollar. #Dedollarization
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RT @spectatorindex
BREAKING: Reuters reports that Russia has offered India the chance to buy oil and other commodities at discounted prices, an offer that is being considered by New Delhi.
https://twitter.com/spectatorindex/status/1503294700924862471