With the Fed & uniparty hurtling us down the road to Venezuela del Norte, converting our Fed confetti into REAL money is a no-brainer.
China just smashed another milestone in its war on dollar dominance. Official figures show overseas renminbi lending, bond investments, and deposits by Chinese banks have quadrupled in five years, hitting RMB3.4 trillion (roughly $480 billion).
This is a full-blown, long-term campaign to cut down exposure to the US dollar and force its own currency deeper into global finance.
China’s central planners have made it clear: they want the renminbi to matter on the world stage, especially in trade and sovereign credit.One big reason? U.S. and EU sanctions are targeting Chinese banks for alleged ties to Russian weapons parts.
BREAKING: Coffee prices are now officially up +50% since August, to a record $4.38 per pound. The surge rise has been driven by US tariffs of 50% on Brazilian coffee that took effect in August. This is coupled with drought conditions in Brazil and collapsing stockpiles at exchange warehouses.
Brazil is the world’s largest exporter of coffee, reflecting 38% of global production in 2024. Coffee is becoming a luxury. But fear not, frens: our so-faux CPI data tells us inflation is “only” 3%!
h/t Boo_Randy_II
