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54% Informative
China issued a US dollar bond in Saudi Arabia , striking at the heart of the petrodollar.
This was a negligible bond issue, $2 billion , but what's interesting is the rate and uptake.
China was able to issue US denominated bonds at basically the same rate as the US , they're almost as good as 'gilt' This is not de-dollarization, but re-dollarizing, using USD to subvert the USA .
China is working on its own exit plan, before it's too late, says Chige Chatsats .
Chatsat: What if, instead of de-dollarizing, we re-dollarized. Keep the dollars but ditched the United States . What would that look like? Well, this is a reserve system with two reserve banks.
Everything we call 'the economy' is just a draw on the environment, which is collapsing atop all of us, sinner and sinned against.
Everyone is selling bonds against a future that doesn't exist, America , China , everybody.
Everyone's playing hot potato with a dollar that no one wants to be left holding, but the planet is turning into an oven.
VR Score
45
Informative language
40
Neutral language
23
Article tone
informal
Language
English
Language complexity
38
Offensive language
likely offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
detected
Time-value
medium-lived
External references
6
Source diversity
4
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