The Chinese Communist Party (CCP) just boasted about the share of the Chinese yuan in Russian foreign exchange transactions reaching a new high. But one of the CCP’s causes for rejoicing with that the yuan had superseded the US dollar as Russia’s most traded foreign currency.
The CCP, which is America’s number one enemy, has repeatedly expressed its goals for de-dollarization, or replacing the US dollar as world reserve currency. As an increasing number of countries seem to be interested in moving away from the US dollar, China’s ascendancy poses a serious threat to the world.