Communist China’s Digital Currency Orwellian Assault

China’s strategy is to concentrate yuan usage in a bloc of countries seeking to escape the long arm of US sanctions. The poster child here is Putin’s Russia, which holds nearly a third of all of its reserves in yuan; but the growing list also includes Iran, Iraq, Bangladesh, France, Argentina, Saudi Arabia, Pakistan, Thailand, Brazil, and India.

Yet, its not just sanctions that Communist China, with it growing “yuan bloc,” is seeking to avoid. China’s authoritarian leaders all the way up to Xi Jinping have realized that a digital form of the yuan provides yet another tool of social control both within and outside of China’s bamboo curtain borders.