Stacy Summary: Woah. Waited til I found a full description of what Noyer said, but this is pretty harsh! Even if very passive aggressive. Between the mega contracts being cancelled because of surveillance bullying and now heads of friendly central banks openly talking about ditching the dollar due to bullying . . . this appears to be standard collapse protocol for empire. When the bully is on your side and you can control it to beat up those you don’t like, it’s all great; but when bully starts taking your milk money . . . well, then, it’s all tears, isn’t it?
Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
“We could say that companies would have maximum interest to do the most possible transactions in other currencies,” Noyer, who is also a member of the European Central Bank’s Governing Council, said yesterday on BFM television. “Trade between China and Europe — do it in euros, do it in renminbi, stop doing it in dollars. This is an affair that will leave marks.”