Quote Originally Posted by uls View Post
power is shifting from west to east


from WW3 thread:



ung pag freeze ng central bank reserves ng russia it sent a signal to all countries that forex reserves are not sacrosanct

it used to be... well... it was the belief that no matter what happens hindi gagalawin ang forex reserves

but they did and now everyone's taking a hard look at their reserves (mostly denominated in USD, EUR)

reserve managers will now increase holdings of RMB and reduce holdings of western currencies


Russia Is Building a PARALLEL WORLD