A global recession is on the horizon - please read OP for mod warning

Myth is a strong word here. It's well known that China has plans to carry out a special operation against Taiwan someday in the future. That's why they want to use their own currency more for trade. 

China would be vulnerable to western sanctions if it attacked Taiwan. Have watched what's happening to Russia. They're securing their own economy with their own security measures, and yes you can't ditch the petrodollar overnight, but you can start trading in your own currency and set up new digital banking systems that bypass the western ones eventually. 

There's a new global order with BRICS, with China and Russia at the top. It's the beginning of a new way of doing things. The currency market will get very interesting when OPEC nations join BRICS. It's likely other oil-producing nations in the middle east will follow Saudi Arabia who considering joining. Why keep the American dollar if there's a new group making energy decisions for a big chunk of the world? 

 This is the actual statement of intent.

" In the aftermath of the Yekaterinburg summit, the BRIC nations announced the need for a new global reserve currency, which would have to be "diverse, stable and predictable"

There are problems in every economy. Although China has its own domestic issues, your speculation over what may happen in housing or other stuff.. It still doesn't change the fact that China still wants to be the world's top dog. 

It's like toilet paper and pasta at the beginning of COVID again. Total nonsense, people just love a bit of drama

Poetry, or WHATEVER that was supposed to be, is not your thing mate. Jaysus!

I may not agree with everything 1917 says, but he does have some perspectives on domestic events that are badly lacking elsewhere.

In your opinion

You may even be right for the most part, but nonsense like the post I quoted is no better!

Well the truth is that it's certainly very likely that realpolitik will set in as the winter does and Ukraine will be pressured to accept a deal that ends the current conflict and returns energy supplies to Europe to normal.

I doubt many in the West thought that Zelensky would make a fight of it, or that Putin would keep it going as long as he has, but then that's a problem in itself - Putin is of a different age and mindset, and we don't have any Western leaders left who know how to deal with that.

France preparing for a total cut off now

Went out for a meal and a few pints Saturday and today in my local town.

Absolutely dead, was only a few other people in the restaurant.

Passing other restaurants and pubs around the town they were all empty.

Anyone who can has gone on hols obviously.