{"id":741604,"date":"2026-06-17T00:20:12","date_gmt":"2026-06-17T00:20:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/741604\/"},"modified":"2026-06-17T00:20:12","modified_gmt":"2026-06-17T00:20:12","slug":"banks-trump-china-and-cats-the-most-boring-story-ever-told","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/741604\/","title":{"rendered":"Banks, Trump, China, and Cats: The Most Boring Story Ever Told"},"content":{"rendered":"

Hey, gang. Here\u2019s the short version:<\/p>\n

China is about to launch an international payments system called mBridge.<\/p>\n

mBridge is a direct challenge to the dollar\u2019s position as the global reserve currency.<\/p>\n

In the aftermath of the Iran war, China is pushing ahead with a system that could help replace the petrodollar. WHICH WOULD BE BAD.<\/p>\n

Oh, and Donald Trump is fucking this up, too.<\/p>\n

If you don\u2019t want to read the long version, I understand. But my mission is to make you smarter and help you see around corners. Sometimes that means eating your vegetables. To make it go down easier, I\u2019ll share some pictures of my cat, K-Pop, as we go.<\/p>\n

But before you click away, do me a solid and hit the \u201clike\u201d button? Thanks. \u2764\ufe0f<\/p>\n

And if, God help you, you get to the end and think, \u201cI want more of this spinach,\u201d then come and join Bulwark+. We do this every day. The only way through is together.<\/p>\n

Join Bulwark+ today<\/a><\/p>\n

\"\"<\/a>(Photo illustration by The Bulwark \/ Photos: Getty, Shutterstock, and JVL)<\/p>\n

Have you ever wondered how money moves? You run a refinery in the Philippines and you want to buy crude oil from a company in the UAE. How does your money get from Manila to Abu Dhabi?<\/p>\n

Once upon a time, the buyer\u2019s bank would send a Telex to the seller\u2019s bank saying, <\/p>\n","protected":false},"excerpt":{"rendered":"Hey, gang. Here\u2019s the short version: China is about to launch an international payments system called mBridge. mBridge…\n","protected":false},"author":2,"featured_media":741605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-741604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/741604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=741604"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/741604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/741605"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=741604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=741604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=741604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}