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Second showcase of current and former online classes at AbibitumiKasa.com
Worldwide adoption of China's currency, the renminbi (RMB), is gaining steam as the de-dollarization push takes hold across the non-G7 countries.
Two macro factors are accelerating the growth of the RMB in place of the US dollar as the preferred currency for trading and settlements. The economic sanctions against Russia, which froze and then seized billions of dollars of Russian USD reserves held in custody in Western banks, are forcing countries and companies to de-risk by moving their reserves from SWIFT-associated financial institutions. Another crucial factor is the high US interest rates, which are sucking in hundreds of billions of dollars from global accounts to feed huge and growing fiscal deficits.
High US government borrowing causes USD to be drained from the global system. Ironically, this causes USD to gain in value outside the US, while feeding inflation and reducing the dollar's strength inside the country.
Simply by moving its USD and Euro reserves from US and European banks to Chinese-based institutions, Chinese banks enjoy the best of all worlds: they receive billions of USD and Euro every day through trading surpluses, and can then lend those foreign currencies and create assets and economic activity on their own balance sheets. Analysis of Chinese banking and lending data confirm explosive growth in Chinese lending abroad, in both RMB and USD.
Resources and links:
Inside China Business, China isn't dumping dollars. They're dumping banks, and setting up a new financial system.
https://www.youtube.com/watch?v=DnzuR-kog-w
National Debt of the United States
https://en.wikipedia.org/wiki/....National_debt_of_the
SCMP, Global use of China’s yuan up sharply, beating pound and yen on internationalisation index
https://www.scmp.com/economy/e....conomic-indicators/a
The renminbi overtakes the euro as a trade settlement currency as its use in global trade finance accelerates
https://asiahouse.org/research...._posts/the-renminbi-
Bloomberg, The Yuan Is Finally Showing Some Muscle in International Trade
https://www.bloomberg.com/opin....ion/articles/2023-12
Third time lucky? China’s push to internationalise the renminbi
tps://www.bruegel.org/policy-brief/t....hird-time-lucky-chin
Closing scene, Guilin, Guangxi province
Namibian Broadcasting Corporation
Capoeira with Children in Jamestown (Chale Wɔte 2018)
Arrested Development
The only thing more Bizarre than a Massive network of Lakes, Rivers and even a DENSE FOREST the size of Texas in the middle of the Sahara Desert - Along with numerous cities, settlements and even Castles blanketing virtually the entire region of the Sahara…Is the realization that these Lost 600 year-old maps literally annotate these geological features Several thousand years prior to their modern Scientific discovery. How could they have possibly known of the existence of the Green Sahara 5,000 years before us?
I'm Jimmy Corsetti, and my channel is called Bright Insight.
Follow and Support me on these other platforms where I can more freely speak my mind and share Truth!
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Must see Podcast I had with Danica Patrick! https://youtu.be/Nihxp-Vkk-U
Check out my podcast with Joe Rogan for FREE on Spotify: https://open.spotify.com/episo....de/1dELONn67xCHBPpWY
https://www.abibitumi.com/filmseries
From isft to mAat in the Media: Abibitumi Film Series and Film Festival
Music video by Black Queen performing Black 'N' Proud (Official Video).
http://vevo.ly/R38bAz
Talking drum
RE-BROADCAST APRIL 25th!!!! ABIBITUMI AS THE OFFICIAL UNIA EMBASSY: THE HISTORIC MOU AND MEMBERSHIP EXCHANGE - FREE!!!!
He was wrongly arrested in the US and put before court and won the case. He has since repatriated to Ghana and has never looked back and vows never to step foot in America ever again. Enjoy my chat with Ɔbenfo Ọbádélé Bakari Kambon
https://www.obadelekambon.com
https://www.abibitumi.com
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https://www.decadeofourrepatriation.com
#yaabaruti #mwalimubaruti #drmaat #blackhistory #africanhistory #consciousness #hometeamhistory #akobenhouse #africancenterededucation
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The Caribbean's carnivals all have several common themes, many originating from Trinidad and Tobago Carnival, based on folklore, culture, religion,and tradition (thus relating to the European use of the word, not amusement rides, as the word "carnival" is often used to mean in American English). Carnival tradition is based on a number of disciplines including: "Playing Mas"/masquerade; calypso music and crowning a Calypso King or Monarch; Panorama (steel band competition); J'ouvert morning; and a number of other traditions.
ECOWAS is now on its knees! After months of tension and the historic withdrawal of Burkina Faso, Mali, and Niger, the regional bloc is desperately trying to win back the Sahel Alliance. In a surprising twist, ECOWAS is now offering VISA-FREE access as a peace gesture to bring them back into the fold.
But is this a genuine reconciliation—or a move to maintain Western control through regional puppets?
In this video, we expose the real reasons behind ECOWAS' sudden change of heart, the power shift led by Capt. Ibrahim Traoré, Assimi Goïta, and Abdourahamane Tchiani, and what this means for Pan-African unity and sovereignty.
🔴 Are the Sahel nations ready to trust ECOWAS again?
🔴 Is this the beginning of a United Africa without Western influence?
🔴 Or just another trap?
WATCH TILL THE END! ✊🏾
Africa is rising—and they can’t stop it!
#Love
#Peace
#africansolutions
A poem by Mazisi Kunene
Mhenga Kwame Ture: The Fundamentals of Unity for Black People
Prof. James Small: The Code of Practice of Our Ancestors & the True Rites of Passage of Life | 3 Apr 2020
Bennu Center Launch and Tribute to Nana Abibifahodie Baba Kamau Kambon
