In short:

πŸ‘‰ China πŸ‡¨πŸ‡³ sells U.S. πŸ‡ΊπŸ‡Έ Treasuries to buy Russian πŸ‡·πŸ‡Ί commodities.

πŸ‘‰ Higher inflation in the U.S.

πŸ‘‰ The Yuan becomes a commodity-backed currency, and a threat to dollar supremacy. https://t.co/PbQitqgCc9

β€” David Pinsen (@dpinsen) March 12, 2022