Jump to content
Advertise With Us! Or Sign Up To Remove Ads!

Archived

This topic is now archived and is closed to further replies.

Ukshep

Moscow, Beijing To Bypass US Dollar In Global Markets

Recommended Posts

 Ukshep    20,153

Could this be the trigger?

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. 

According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.

According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.

https://www.infowars.com/moscow-beijing-to-bypass-us-dollar-in-global-markets/

I'm assuming that if it is expected then it could set dominoes in motion!

Share this post


Link to post
Share on other sites
 schon    778

Good for them in bilateral trade and a few banana republics financially wise.

Like the threat China would sell US bonds,hasnt fazed the market a bit with them selling.Shocker,there are buyers for them.

Share this post


Link to post
Share on other sites
 Waitn4end    179

Maybe we is a gonna get what we sowed?   You can push people just so far and they get together to overthrow the bully. Obama laid out the sanctions and the entire nation could reap the whirlwind. 

If only Putin had "put out" for Obama...but I guess Putin had better taste. 

Share this post


Link to post
Share on other sites
 Cinnamon    23,071

We invade everyone who stops using the petro dollar.  Look at how small the trade deficit is between Russia and China.  If it gets off balance like it is here, they're not going to like it.  Nothing will be made in Russia anymore. 

Share this post


Link to post
Share on other sites
 schon    778

I doubt Russia will let China walk all over em in trade,unlike the rest of us that cant sell out fast enough to China.

Share this post


Link to post
Share on other sites
 My Name    35
20 hours ago, Ukshep said:

Could this be the trigger?

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. 

According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.

According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a “very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.

https://www.infowars.com/moscow-beijing-to-bypass-us-dollar-in-global-markets/

I'm assuming that if it is expected then it could set dominoes in motion!

This is likely why Russian subway was bombed today!

Share this post


Link to post
Share on other sites
 Jostler    2,216
7 hours ago, LuckyBolt said:

http://www.gold-eagle.com/article/grandmaster-putins-golden-trap

This was from 2014 and explains what Putin has been working on.  Hence the "Russians did it!" campaign in order for us to start striking.

tick tock.

Stunning article.  Downright prescient.  If you squint just right, you can see exactly why NATO forces have been massing on the Russian border for a year now, and a clear explanation of our schizophrenic and daily changing diplomacy in Syria and the middle east.

 

Share this post


Link to post
Share on other sites
 Waitn4end    179
On ‎4‎/‎3‎/‎2017 at 7:44 AM, My Name said:

This is likely why Russian subway was bombed today!

Or maybe...that "Subway" just took the ham and bacon off its menu......

 

Sorry...I knew better.

 

Share this post


Link to post
Share on other sites
 Brio    1,038
On 4/3/2017 at 0:57 AM, LuckyBolt said:

http://www.gold-eagle.com/article/grandmaster-putins-golden-trap

This was from 2014 and explains what Putin has been working on.  Hence the "Russians did it!" campaign in order for us to start striking.

tick tock.

Excellent article.

Quote

Only the US dollar has no place at this festival of life. And this is not surprising. Because the US dollar is not a Chinese product, nor a Russian energy resource. It is only an intermediate financial instrument of settlement - and an unnecessary intermediary.

Of course. The US$ is a fossil dollar. Backed by the Saudis and challenged by Venezuela who has more proven reserves than any country in the world and that may have something to do with the collapse of that Socialist utopia.

eta

Putin does not play chess (although he is a master), he plays Go.

Share this post


Link to post
Share on other sites

×