The Chinese government is taking the country’s currency – the yuan or renminbi – global in a bid to oust the United States dollar as the world’s foremost currency.
Chinese President Xi Jinping’s government has been busy over the past year striking deals to expand the ways in which the yuan is used. Countries like Argentina, Bangladesh, Brazil, Iran, Russia, Saudi Arabia and even France have recently signed new agreements linked to the use of the renminbi. (Related: DE-DOLLARIZATION: China now uses the yuan for cross-border transactions more than it uses the US dollar.)
“The yuan is becoming increasingly relevant as currency for international trade,” said Luis Galli, chief executive officer of the Newsan, one of Argentina’s largest home appliance retailers.
Last month, in a bid to relieve pressure on the Argentinian economy due to its lack of U.S. dollars, Newsan started settling deals in the Chinese yuan. This has been a boon for the company that mainly imports its products from China and, until recently, was paying for its appliances in the dollar.
This was followed by a deal the Argentine government struck with China in April to purchase around $1 billion worth of imports from China in yuan, and another $790 million worth of monthly imports thereafter. The Argentine government also activated a currency swap agreement, allowing Argentinian corporations to borrow yuan from China.
Other nations are making similar moves greatly benefiting China and increasing the prevalence of the yuan in the global stage.
Brazil last month announced that companies can now settle their trade in the yuan, and a major Brazilian bank – Banco BOCOM BBM – is now transitioning to using the yuan as its default currency for international transactions. Last month, Bangladesh announced it would conclude a $318 million deal with a recently sanctioned Russian nuclear power developer using the yuan.
Iran, which has been heavily sanctioned by the U.S. for decades, has been using the yuan to settle trade as far back as 2012 when it allowed China to purchase crude oil using the yuan. In February of this year, Tehran and Beijing reopened negotiations to expand the use of the yuan as well as the Iranian rial in bilateral trade.
And in Russia, the yuan has become exponentially prevalent in Russian financial life. Sixteen percent of exports and 23 percent of imports are paid for using the yuan, 11 percent of foreign exchange deposits are now made in the yuan and a whopping 40 percent of foreign exchange trading volumes involve the yuan.
Even President Emmanuel Macron of France, a key ally of the U.S., warned against the “extraterritoriality of the U.S. dollar,” suggesting in an interview that Europe should cut its dependence on the greenback. This comes at around the same time he signed a whole host of new commercial agreements with China, some of which will involve the use of the yuan.
American dollar’s place in the world stage slowly diminishing
The American dollar has been the world’s reserve currency since the Second World War and has for nearly a century played a massively outsized role in the world’s trade. Today, it remains the clear premier global currency and the U.S. is still considered the world’s foremost financial powerhouse.
But China’s latest moves are helping the communist nation carve out a bigger place for itself and the yuan within the international financial system. The de-dollarization campaign has quickened its pace since the Western world, led by the U.S., froze Russia’s entire stockpile of American dollars over its special military invasion in Ukraine.
This has led countries worldwide to diversify their own currency holdings for fear of the U.S. unilaterally making similar moves against their own economies. They consider what happened to Russia as a warning over the oversized power that Washington currently wields and a sign that the world needs to create an alternative financial system.
“[China] is working to demonstrate that there’s a world outside of the U.S. and the Western world,” warned Adrian Zuercher, an executive at UBS Global Wealth Management’s Hong Kong office. “You’re sending a very strong signal to the U.S. by basically saying we don’t need you and we don’t need your U.S. dollar.”
“China’s willingness to maintain growth while paving new paths lends itself for other nations to have greater confidence to use the yuan,” said Victor Gao, a spokesperson for the Chinese Communist Party. “If the U.S. wants to rock the boat, then China will need to make necessary amendments to meet the challenges.”
Learn more about the declining status of the American dollar on the world stage at DollarDemise.com.
Watch this episode of the “Health Ranger Report” as Mike Adams, the Health Ranger, warns about the accelerating speed at which the world is divesting from the dollar.
This video is from the Health Ranger Report channel on Brighteon.com.
More related stories:
- Dollar DEMISE: Yuan overtakes dollar in China’s cross-border payments.
- Top Arab leaders including Saudis, Iranians, meet in China to plot “end” of American global dominance.
- US dollar rapidly losing world reserve currency status; China, Russia (BRICS) to replace it.
- BRICS nations rapidly working to create common currency to counter US dollar’s global hegemony.
- China settles first LNG trade using YUAN – a major blow to the petrodollar.
Sources include:
Bypass Big Tech Censors
Two Storms, One Harvest
Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.
What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.
Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.
This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.
Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.
Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.
The Fertilizer Clock Is Already Running
While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.
The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.
Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.
The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.
Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.
The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?
The System Has No Slack Left
The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.
Today’s supply chain challenges are tomorrow’s hunger crisis.
There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.
The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.
What Joseph Knew
Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.
Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.
Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.
Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.
None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.
Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.