The deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging renminbi for reais and vice versa instead of going through the dollar
This is no joke my friends.
The world is moving away from the dollar thanks to decades of massive deficits. ie: federal money printing, and now the war in Ukraine. This lays at the foot of all of our politicians, they all helped create the Chinese dragon at the tax payer’s expense.
https://www.chinadaily.com.cn/a/202303/30/WS64252413a31057c47ebb76f7.html