Xi Officially Launched Financial War That is Ultimately Doomed to Fail

On December 9th, Xi Jinping officially announced at the summit of the Cooperation Council for the Arab States of the Gulf (also known as GCC) that he wanted to use RMB for oil and gas settlement and import large quantities of crude oil from GCC countries. This means that the Chinese Communist Party’s (CCP) strategy of replacing the petrodollar with the petroyuan is now on the table, officially launching the CCP’s financial war against Europe and the United States. Miles Guo warned the world as early as August that the CCP, after realizing that it could not continue to deceive Europe and the U.S. into continuing to support its dictatorship through trade, would, within the next six months to a year, first implement the RMB-for-oil agreement in the Middle East, which has better relations with Europe and the US. This strategy will challenge the international status of the US dollar, take out the US dollar system, and strike at the finance and economy of the U.S. and the Western world. The CCP will form a force against Europe and the U.S. by pulling in the Middle East, ASEAN, African Union, Russia, and other countries.

For some time, the digital RMB will be very popular around the world, but it will also bring disasters to the Chinese, as countries like Europe and the U.S. will surely rise up to fight back. At the same time, the CCP’s high-cost dictatorship will eventually and inevitably come to an end because it cannot be maintained.