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Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 07:59
by Vayutuvan
Pratyush wrote:US getting low cost goods is ultimately exporting it's wealth to PRC. It will eventually loose it's ability to be a good market for PRC.
What about the high-tech IPR the US owns? They can introduce subtle errors in the name of improvements in the designs. Can the Chinese copycat manufacturers be able to figure out and correct or ship ill-fitting self-assembled products?

(OT)

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 08:03
by Y. Kanan
Jay wrote:
Y. Kanan wrote:the real question is why not do this?
Because that would be a barbaric act and is reserved for mad situation. If he simply wants a truce with NATO, he can stop this war right now and still be in a position which he will be even after detonating a Nuke. I want Russia to prevail, but not at the cost of recklessly detonating a nuke.
Are you aware that Russian forces are outnumbered on the ground by at least 3-2 in the south (and outnumbered by 2-1 overall)? They're attacking while outnumbered, the Ukrainians have an endless supply of sophisticated anti-tank weapons, MANPAD's, better comms, better night vision and thermals, they have satellite and ELINT support, they have a growing array of deadly man portable kamikaze drones, they're receiving heavy gear including tanks, AFV's, MLRS, artillery, they're much better fed and supplied, basically the Ukrainians have every possible advantage including not just better tech overall, but superior numbers and an unlimited logistical supply. Even the weather is working in their favor, with mud preventing the Russians from conducting maneuver warfare, nullifying the one advantage they had (armor). The odds are so stacked in Ukraine's favor that it's basically impossible for them to lose at this point, and the equation only gets worse for the Russians with each passing day.

Barring a miracle, how can Russia hope to even achieve its very limited objectives in the south?

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 08:16
by Pratyush
Vayutuvan wrote:
Pratyush wrote:US getting low cost goods is ultimately exporting it's wealth to PRC. It will eventually loose it's ability to be a good market for PRC.
What about the high-tech IPR the US owns? They can introduce subtle errors in the name of improvements in the designs. Can the Chinese copycat manufacturers be able to figure out and correct or ship ill-fitting self-assembled products?

(OT)
IPR or the lack thereof has nothing to do with PRC running a trade surplus.

The PRC is developing a lot of it's own IP. They will get there sooner or later.

The point is that nation in order to prosper requires cheap and reliable source of energy. A defeated Russia becomes that source of energy for PRC.

That is not good for India.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 09:25
by Raja
West is not going to let China surpass it without saying anything. If Russia is defeated and regime changed, then there is as much of a chance that in the future it becomes part of the Western hegemony. NATO at Chinese border might just force China to come to it's sense. After all, Russia is also predominantly white.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 10:34
by Pratyush
Raja wrote:West is not going to let China surpass it without saying anything. If Russia is defeated and regime changed, then there is as much of a chance that in the future it becomes part of the Western hegemony. NATO at Chinese border might just force China to come to it's sense. After all, Russia is also predominantly white.
The objective with Russia is not to get it into NATO. The objective is to completely crush it. That has been this way from early 2000s. Russia realised is some time later and Putin speach at Munich security conference of 2007 was the first indication from Russians that they were going to counter the West. Georgian war of 2008 has to be seen in this context.

US driven overthrow of Ukrainian government both in 2004 and 2014 is an indication of US determination to provoke Russia in to a conflict in Ukraine.

I am worried about the long term implications of this war on the Indian security environment.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 10:52
by V_Raman
if Russia becomes part of the west - I mean united caucasian world - India will side with China.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 11:11
by Pratyush
V_Raman wrote:if Russia becomes part of the west - I mean united caucasian world - India will side with China.
Perhaps, but for that to happen. China has to learn coexistence.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 11:20
by V_Raman
I am not able to articulate this clearly. but here i go. We underestimate how important india is to the west - their survival depends on india. they cannot force india out of their camp. that is why they are trying so hard to make india go against russia now. if they take russia into their camp without that - they will lose india.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 11:50
by rsingh
Raja wrote:West is not going to let China surpass it without saying anything. If Russia is defeated and regime changed, then there is as much of a chance that in the future it becomes part of the Western hegemony. NATO at Chinese border might just force China to come to it's sense. After all, Russia is also predominantly white.
Russia can never be defeated.Russia will inflict serious blow to UK and to some extent US. It is in the blood. You can not make European to love Russia.Russia is under no illusion and is prepared for that. Ukraine is done deal. It will be divided into two. Western part will be in EU. That is the maximum concession possible from Russia. US will come out very few friends. Gone are days when 3rd rate US official could initiate regime change. Biggest looser is Moral standing of Europe. There is not a single person who is questioning NATO expansion. Intellectuals are hiding. Last time I saw such cowardliness was fro USSR during Shakarov saga. Ahh those 3 hours debate on mundane issue by long haired intellectuals from Oxbridge and Le ecol superior. just throw few lines in Latin,quote Voltair, Dumas, Shaw and walalh you are intellectuals.In India we have pseudo intellectuals. In Europe you have faux intellectuals. I am angry. Gandhi started the wave of demand for decolonisation . This crisis is throwing away blanket of faux morality that Europeans were living under. JMT

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 14:22
by Cyrano
Agree totally rsingh ji,
I watched a debate on Ukraine situation in English on france24 last night, the extreme sense of entitlement, wokeness, Putin bashing, selective facts, wrong facts, warmongering, hypocrisy on display was staggering. They have mentally blocked out that more arms = more death and destruction. No once was the word "peace" uttered by anyone in nearly a hour long debate. Was excruciatingly infuriating to see how intellectually, morally bankrupt the elitist ruling class of Europe have become, there is a reason why Marine LePen long shunned for her right wing ideology is gaining so much popularity in the masses.

If anyone is still interested: https://youtu.be/BdJT16GRBtY

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 14:46
by chandrabhan
Despite all that you said, Russians are gaining ground, village by village, ditch by ditch.. Now imagine how incompetent a NATO army would be if Ukrainians (by far the largest European army other than Russia), kitted , trained by NATO for 8 years.. motivated, fanatics.. yet losing.
Y. Kanan wrote:
Jay wrote:
Are you aware that Russian forces are outnumbered on the ground by at least 3-2 in the south (and outnumbered by 2-1 overall)? They're attacking while outnumbered, the Ukrainians have an endless supply of sophisticated anti-tank weapons, MANPAD's, better comms, better night vision and thermals, they have satellite and ELINT support,….. The odds are so stacked in Ukraine's favor that it's basically impossible for them to lose at this point, and the equation only gets worse for the Russians with each passing day.

Barring a miracle, how can Russia hope to even achieve its very limited objectives in the south?

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 17:06
by Deans
chandrabhan wrote:Despite all that you said, Russians are gaining ground, village by village, ditch by ditch.. Now imagine how incompetent a NATO army would be if Ukrainians (by far the largest European army other than Russia), kitted , trained by NATO for 8 years.. motivated, fanatics.. yet losing.
Y. Kanan wrote:
I have been telling friends in the West from day 1 that if Ukrainian claims were true, they should have captured Moscow by now.
Russia has done worse than I expected. That said, I think they are slowly gaining ground. If they made wrong assumptions about the war, those are being corrected. They are in it for the long term, which may be a disappointment to those who expect instant results.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 17:58
by Jay
chandrabhan wrote:Despite all that you said, Russians are gaining ground, village by village, ditch by ditch.. Now imagine how incompetent a NATO army would be if Ukrainians (by far the largest European army other than Russia), kitted , trained by NATO for 8 years.. motivated, fanatics.. yet losing.
I never said Russia is losing ground, and in fact I maintain that Russia will get a hold of Eastern Europe, eventually. Is it be worth all the losses they are taking and the future growth they are throwing away is another argument for another day.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 18:02
by Jay
Y. Kanan wrote:
Barring a miracle, how can Russia hope to even achieve its very limited objectives in the south?
This is the part why "I THINK" Russia will not use a Nuke. It's a "limited objective" and there is no threat to Russia's land, and lives from this war that a Nuke would mitigate. Putin is the wild card here and who knows how he's thinking about this. I certainly don't and I won't be surprised if he go down that road.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 18:21
by Tanaji
Every aspect of life that can be weaponised has been by the West: Wimbledon to ban Russian players

https://www.msn.com/en-gb/sports/winter ... reappshare

Next time they give us moral lectures on how sports transcends everything, they should be reminded of this. Note that this is world no. 2 that is being banned

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 19:14
by Aditya_V
Tanaji wrote:Every aspect of life that can be weaponised has been by the West: Wimbledon to ban Russian players

https://www.msn.com/en-gb/sports/winter ... reappshare

Next time they give us moral lectures on how sports transcends everything, they should be reminded of this. Note that this is world no. 2 that is being banned
So all the Liberals wanting India- Pak cricket were they on India or Pakistan side? Pakistan has done far worse to us.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 21:36
by SandeepA
Image

At this time only option3 looks possible, will be surprising if the end result is too different.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 21:47
by Cyrano
Russian FM Lavrov interview.
Remember Lavrov doesn't spin or bombast unlike his western counterparts but speaks measuredly and maturely

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 20 Apr 2022 21:56
by Bart S
Tanaji wrote:Every aspect of life that can be weaponised has been by the West: Wimbledon to ban Russian players

https://www.msn.com/en-gb/sports/winter ... reappshare

Next time they give us moral lectures on how sports transcends everything, they should be reminded of this. Note that this is world no. 2 that is being banned
And yet country cricket was filled with South African white players throughout the Apartheid era, and many switched countries and represented England. Also, the sporting boycott of SA when it finally came, only did so after much pushback and very grudgingly, with huge public support for the apartheid regime and a lot of rebel tours of SA by top stars as well.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 21 Apr 2022 02:56
by Tanaji
Aditya_V wrote:
So all the Liberals wanting India- Pak cricket were they on India or Pakistan side? Pakistan has done far worse to us.
Merely pointing out the hypocrisy saar. We are lectured on our moral failings and tut tuted when unwashed coolies like us don’t separate politics from sports. Homilies on how sports transcends and uplift humanity follow. This when we are dealing with people as you rightly say have done far worse…

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 21 Apr 2022 03:00
by Tanaji
One word that truly encapsulates Ukraine and Ukranians is “entitled”. Like the recent video of the Ukraine marines commander claiming he has hours to live and wants to be evacuated to a third country. But he won’t surrender to Russians… like you are in a war, what did you expect Russians to do? They gave you a chance to surrender, why this expectation of being evacuated?

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 21 Apr 2022 06:20
by Aditya_V
Tanaji wrote:
Aditya_V wrote:
So all the Liberals wanting India- Pak cricket were they on India or Pakistan side? Pakistan has done far worse to us.
Merely pointing out the hypocrisy saar. We are lectured on our moral failings and tut tuted when unwashed coolies like us don’t separate politics from sports. Homilies on how sports transcends and uplift humanity follow. This when we are dealing with people as you rightly say have done far worse…
Iam just adding to your viewpoint

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 21 Apr 2022 10:30
by habal
https://twitter.com/hasanunal1920/statu ... -kMdnj0jYQ

Code: Select all

Prof. Dr. Hasan Ünal
@hasanunal1920

Three battles unfolding: media war, actual war between Russia & Ukraine & a war between the West trying to keep US-led single polar world versus those who fight for multipolarity. The US & its allies may be winning the media war but they are badly loosing out on other fronts
while the west keeps gloating over moskva, eu is busy comitting economic suicide and US losing bit by bit on finaincial hegemony every day, polarization of world opinion into east vs west plays into hands of China.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 21 Apr 2022 10:52
by Vayutuvan
long time no see habal ji. any news on gladioli wearing gladios of pakaf? please do edit out the code. the pages are too wide on a mobile device. thanks sir jee.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 08:00
by chanakyaa
EU/IEA has created kejeruddin style plan to combat high energy prices and reducing reliance on Russia, helping Ukies, and saving the planet. Only thing missing is some odd-even suggestion. But, but waar must go on....

Image

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 09:59
by g.sarkar
https://theprint.in/diplomacy/india-app ... ed/925337/
India ‘approves’ Japanese plane landing for Ukrainian aid, MEA rejects claims it was denied
MEA says it has allowed Japan SDF's plane to pick up humanitarian supplies in Mumbai. Japanese govt official from ruling Liberal Democratic Party had claimed it had been denied.
NAYANIMA BASU, 21 April, 2022

New Delhi: India Thursday said it has “processed and approved” the landing of a Japanese transport flight in Mumbai to carry humanitarian aid for war-torn Ukraine, rejecting claims that it had refused permission.
“We had received a request from Japan for permission to land in Mumbai to pick up humanitarian supplies from UNHCR depot for Ukraine and its neighbouring countries. We have conveyed our approval for picking of such supplies from India using commercial aircraft,” Arindam Bagchi, spokesperson for the Ministry of External Affairs, said Thursday.
“We had also received a request for overflight clearance for Japanese SDF (Self-Defence Force) aircraft carrying humanitarian cargo for Ukraine. This was processed and approved as per established norms,” Bagchi added.
The clarification came after a Japanese government official from the ruling Liberal Democratic Party reportedly said India has refused to let the SDF flight land in India, forcing Tokyo to change its plan.
According to local media reports, the Japanese government decided to send an SDF flight and not a commercial flight because that was the demand made by the Ukraine government.
.....
Gautam
Actually India blocked a Japanese military plane.
https://www.scmp.com/news/asia/east-asi ... orce-plane
Ukraine war: Japan says India refused permission for air force plane to collect aid

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 11:02
by yensoy
^^^^ I don't see any truth in it. When we have ourselves been flying supplies into Poland/Romania to help Ukraine, why would we object to a friendly country like Japan to do the same?

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 11:25
by g.sarkar
yensoy wrote:^^^^ I don't see any truth in it. When we have ourselves been flying supplies into Poland/Romania to help Ukraine, why would we object to a friendly country like Japan to do the same?
I do not think India has any objection to humanitarian aid/relief. The problem lies in sending Military equipment to Ukraine, through Indian air space. It is in Japan's interest to show that pro-Russia India is stopping humanitarian aid to suffering Ukrainians and these are not military equipment. See:
https://www.scmp.com/news/asia/east-asi ... orce-plane
https://asia.nikkei.com/Politics/Intern ... tary-plane
https://www.nippon.com/en/news/yjj2022042100448/
https://english.kyodonews.net/news/2022 ... e-aid.html
and
https://thewire.in/diplomacy/only-comme ... told-japan
Only ‘Commercial Planes’ Allowed to Collect Ukraine Aid, India Told Japan
According to a Japanese news agency, a lawmaker revealed that Japan’s plans to send a military aircraft to pick up relief items for Ukraine will have to be postponed after India refused permission.
4/21/2022

New Delhi: After news reports that India did not allow a Japanese military plane to pick up supplies to transport aid to Ukraine, the Ministry of External Affairs said that it allowed use of commercial planes to pick up assistance.
Japanese news agency Kyodo reported on Thursday that a lawmaker revealed that Japan’s plans to send an aircraft to pick up relief items stockpiled by the UN high commissioner for refugees will have to be postponed after India refused permission for a C-2 transport plane of the Japanese Air Self Defense force.
The Japanese military plane was scheduled to pick up relief items from India and the United Arab Emirates and transport them to Ukraine’s neighbouring countries, Poland and Romania. Japan has strongly criticised Russia’s invasion of Ukraine and imposed financial sanctions on Moscow in line with other western countries.
As per the Kyodo report, citing the unnamed lawmaker, a Japanese government official briefed a meeting of the ruling Liberal Democratic Party that India had agreed at the “working level” to allow the JSDF plane to plan, but “suddenly withdrew its consent Wednesday”.
The news agency also reported that the Cabinet was to formally approve the plan to send the aircraft. But, due to India’s refusal to allow the military plane to land, the flight has now been put off.
In response to the news report, MEA spokesperson Arindam Bagchi confirmed that India had requested Japan for permission to land in Mumbai to pick up humanitarian supplies from the UNHCR depot for Ukraine and its neighbouring countries.
“We have conveyed our approval for picking of such supplies from India using commercial aircraft,” he told reporters.
“We had also received a request for overflight clearance for Japanese SDF aircraft carrying humanitarian cargo for Ukraine. This was processed and approved as per established norms,” Bagchi added.
MEA’s response appears to have made it clear that India is making it explicit that only “commercial aircraft” were allowed to pick up “such supplies”, which meant that New Delhi had excluded all military planes. The reference to an overflight clearance for a JSDF aircraft was a confirmation that Japan had certainly put in motion to have military aircraft to carry the aid to Ukraine as a symbolic gesture.
.....
Gautam

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 13:00
by Cyrano
Japan's total alignment with the west's position on Ukraine has been a surprise for me. They even expelled Russian diplomats and embassy staff recently and Ukrainian staff in Japan were waving them goodbye scornfully. I've seen reports of Russian media about India refusing landing and overflight to Japanese planes carrying military supplies. US might have convinced Japan to get rid of older equipment and munitions to by fresh supplies from Massa.

Japan seems to forget that its a bad idea to antagonise a close powerful neighbour. I didn't expect them to vote against Russia in the UN, but supplying Ukraine thugs shows lack of judgement and spine. Post Shinjo Abe Japan is not the same... Indian leaders and diplomats have surely noted this.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 13:06
by Pratyush
Japanese are quite independent in terms of munitions. The only equipment that they have in common with the US is something that the Ukrainians can't use.

Remember that Russians control islands in the Kuril chain since the end of WW2. Including the island that was the home base of the force which attacked Perl harbour in 1941.

This is an unsettled issue between the two nations. Russian coast guard and navy are prone to opening fire on Japan's fishing boats in that area.

So Japan is quite capable of taking an independent anti Russian position independent from the west.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 13:16
by Cyrano
hmm... thanks for the details. Ukrainians will soon have fun reading Japanese user manuals and figuring out stuff under Russian shelling :)

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 21:29
by rsingh
Simple question. Why Russia is not blocking Ukr airspace? Any body still trying to land does on its own risk.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 22 Apr 2022 21:42
by Cyrano
Because they can let hostile fighters or supply a/c come in and shoot them down at will. Announcing and enforcing 24x7 NFZ is quite a challenge and not enforcing will indicate weakness.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 01:44
by hanumadu
There isn't going to be a dragon-bear. China is phattu only

https://fortune.com/2022/04/22/unionpay ... ns-russia/
But that plan appears to have fallen flat, as UnionPay has reportedly decided not to expand its presence in the country, fearing it could become the next target of devastating sanctions.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 13:00
by yensoy
Not surprised. UnionPay is HUGE in the west. It is accepted at many ATMs and shops (including high end & duty free shops) and is the way Chinese people move and spend money overseas. While blocking off UnionPay in the West may be beneficial in some ways to China, it will devastate UnionPay itself, and those Chinese when they travel overseas (whenever that happens) will no doubt have to resort to some underhand way to move money.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 13:05
by Cyrano
Latest update from RT Telegram channel:
The Ministry of Defense of the Russian Federation on the situation in Mariupol:

▪️the situation has returned to normal, the residents of the city were able to move freely along the streets without hiding from the shelling of the Ukrainian Nazis

▪️Humanitarian aid is delivered, streets are cleared of rubble, damaged Ukrainian military equipment is removed

▪️all the remnants of the Ukrainian Nazis "Azov", together with foreign mercenaries from the USA and European countries, are securely blocked on the territory of the Azovstal plant

The Nazis ignore the demands to release the women and children allegedly with them for free travel

▪️the procedure for the exit of civilians, if any, from the territory of Azovstal for subsequent evacuation is brought to the Nazis hourly

▪️in this regard, the strained attempts of the speaker of the US State Department habitually lie about the alleged preservation of control over Mariupol by the Nazi rabble - a fake and direct aiding terrorists at a high state level

The State Department habitually misinforms its own citizens and everyone else

▪️Ukraine itself and its inhabitants are interested in Washington only in terms of profits from the supply of weapons there and the fight against Russia even "to the last Ukrainian"

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 13:11
by Cyrano
Xposting from mil forum :
Whatever happens, Ukraine has been pushed back by decades.
Agree, actually it's worse than that. A whole country's psyche has been fcuked up with extremist, ultra-nationalist, racist, bigoted thinking which will believe it's hate-fueled ideology was right along since it could grab power, got so much support from the "international community" in an escalating conflict, and will begrudge Russians for this war, the same "international community" for
not doing more and everyone else will become objects of hate because they didn't support.

The world will pay for decades to come because the surviving Ukranian adults of today will tell their narratives to their children who will grow up with this feeling of being wronged , exactly like we are paying for Radical Islamic jehadis.

Trans-generational grudge and hatred are extremely difficult to stamp out. This neonazi revival and it's covert ascension to power happened right under the nose of Germans, Europeans and Americans who were drawn by the irresistible attraction of weaponising it against Russia - the only country which seems to realise what kind of monster has been let loose.

The devil ie malevolence has tempted them and having no concept like Dharma to sheild them, the west has bitten the forbidden fruit.

That's a big lesson for India - which India is civilisationally quite capable of hearing and retaining.

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 14:06
by kit

And Again., this is not going to be just Uke., but the entire Europe


Entitled uke s making life miserable for ...



Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 14:09
by kit


And here we go..Rollbacks of sanctions

Re: Eastern Europe/Ukraine [Feb 6th 2015]

Posted: 23 Apr 2022 14:18
by kit
https://www.theepochtimes.com/china-sel ... comeuser=1

By March, China’s currency reserves fell to $3.19 trillion, and its gold reserves rose to $1.22 trillion. In other words, China is selling its Western currencies for gold. This could be a fractional rebalancing or the beginning of a larger trend.

China’s likely dumping of Western currencies could be adding to inflationary pressures in the West, which increased to 8.5 percent for the dollar in March, compared with a year ago, on the back of rising energy and food costs from Russia’s invasion. U.S. inflation, the Federal Reserve target for which is 2 percent, is currently at its highest since the 1980s.