The gold market and SGEI are vital to the internationalization of CNY…the key function of an international currency is trade invoicing for commodities like oil and gas…we would like to increase usage of CNY in trade invoicing by using gold.     – “World Needs New Reserve Currency”, Dr. Yao Yudong, PBOC, 6/25/15 All Alibaba’s sales were done via Alipay (an electronic payment system). What does Alipay mean? It means that currency is out of the trade

“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” Trump said. “Tariffs at about 100%, you’d call them secondary tariffs.”  A White House official clarified to CNN that when the president referred to “secondary tariffs,” he meant 100% tariffs on Russia and secondary sanctions on other countries that buy Russian oil.     -CNN, 7/14/25 According to the IMF, global currency reserves are at $7.1 trillion and 2.5 trillion euros now. These reserves

Well, I don’t know if [China] can retaliate—for a couple of reasons. If you look at the history—and I used to teach economic history—when you look at it, we are the debtor nation. Yes, we have the trade deficits. The surplus nation is in the weaker position.      -Treasury Secretary Scott Bessent, interview with Tucker Carlson, 4/7/25 In dealing with the world’s second-largest economy, we approach each other with mutual respect.  President Trump has set the