Stern Drew: China Just Waged a War against the US Dollar

Stern Drew
@SternDrewCrypto

China Just Waged A War Against The U.S. Dollar

China is internationalizing its Chinese Yuan for global trade and settlement for the first time ever.

China’s central bank just announced that it is opening up RMB (CNY) trading in China’s interbank foreign exchange trading to foreign financial institutions.

This fits Chinese Central bank governor’s recent comments at IMF/World Bank meetings about promoting RMB assets, yuan-denominated bonds as collateral, offshore RMB markets, and easier access for global investors amid geopolitical and trade uncertainties.

China has stacked gold for 22 straight months. Hong Kong just stood up a government-backed gold clearing system linked to Shanghai, the first piece of a global vault network so the yuan can settle against physical metal.

China, Russia and India announced rolling out their BRICS Pay settlement system as an alternative to SWIFT and dollar system and backed by gold.

At BRICS summit in India, Xi Jinping announced China will take the presidency and open a third “GOLDEN DECADE.”

China also dumped $70 BILLION in U.S. Treasuries. It’s their biggest sell-off since the 2008 financial crisis.

Gold has now surpassed U.S. Treasuries as global reserve asset.

The Chinese yuan is the only currency that has strengthened against the dollar while other currencies are collapsing.

The famous City Of London banker @LordBelgrave already warned about how central banks, IMF and BIS have been planning the new monetary order.

Own Gold. The fiat debasement is coming.

🚨 China Just Waged A War Against The U.S. Dollar China is internationalizing its Chinese Yuan for global trade and settlement for the first time ever. China’s central bank just announced that it is opening up RMB (CNY) trading in China’s interbank foreign exchange trading to foreign financial institutions. This fits Chinese Central bank governor’s recent comments at IMF/World Bank meetings about promoting RMB assets, yuan-denominated bonds as collateral, offshore RMB markets, and easier access for global investors amid geopolitical and trade uncertainties. China has stacked gold for 22 straight months. Hong Kong just stood up a government-backed gold clearing system linked to Shanghai, the first piece of a global vault network so the yuan can settle against physical metal. China, Russia and India announced rolling out their BRICS Pay settlement system as an alternative to SWIFT and dollar system and backed by gold. At BRICS summit in India, Xi Jinping announced China will take the presidency and open a third “GOLDEN DECADE.” China also dumped $70 BILLION in U.S. Treasuries. It’s their biggest sell-off since the 2008 financial crisis. Gold has now surpassed U.S. Treasuries as global reserve asset. The Chinese yuan is the only currency that has strengthened against the dollar while other currencies are collapsing. The famous City Of London banker @LordBelgrave already warned about how central banks, IMF and BIS have been planning the new monetary order. Own Gold. The fiat debasement is coming.

— Stern Drew (@SternDrewCrypto) October 19, 2026

Source(s):
• https://x.com/SternDrewCrypto/status/2112174365471297851

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