Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan. Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back…
The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial…
African countries see the emergence of the BRICS as a symbol of hope for a better life. African countries also see the extent to which the US [deep state] controls economic policies and the imposition of its interests, especially in the dominance of the dollar. This increases the importance of the BRICS. The strength of the BRICS bloc qualifies them to have…
BEIJING — A decision by the BRICS nations to name and denounce specific terrorist organizations in Afghanistan, Pakistan and elsewhere is sparking debate among academics and analysts in China. Earlier this month, the group, comprised of Brazil, Russia, India, China and South Africa, extended their support to [Afghanistan] Kabul’s counterterrorism efforts during a meeting in…
It has happened again: yet another international poll finds that the U.S. is viewed by peoples around the world to be the biggest threat to world peace. But, to start, let’s summarize the first-ever poll that had been done on this, back in 2013, which was the only prior poll on this entire issue, and…
Click Here To Enlarge The United States has declared a war of sanctions on Russia and continues putting trade pressure on China. It is not ruled out that the USA will restrict supplies of steel products from China. In return, Moscow and Beijing intend to abolish the US dollar in mutual settlements within the scope…
Global demand for physical gold increased by 9% year-on-year in the first quarter of 2017, according to the latest demand report from the World Gold Council. The sale of gold bars and gold coins hit 289.8 tons worldwide in Q1, driven by Asia’s appetite for gold. The WGC said the strength of the retail investment…
Trading in local currencies has already started — and lays the groundwork for facilitating BRICS transactions in gold Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold. As we reported last week, Moscow and Beijing took another step…
January 20, 2017 “Information Clearing House” – A Financial genocide, if there was ever one. Death by demonetization, probably killing hundreds of thousands, if not millions of people, through famine, disease, even desperation and suicide – because most of India’s money was declared invalid. The official weak reason for this purposefully manufactured human disaster is…
