The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti. “We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar […]
Not All Capital Is Equal; Some Is Destructive…
Financialization incentivizes hot money capital flooding into speculative credit-asset bubbles. When we speak of capital investments and capital flows, it’s presumed all the capital being referenced is equal: a dollar is a dollar, wherever and whenever it’s put to use. But not all capital is equal, and that is one reason why the global financial…
China’s Plan to Subvert the Global Dollar Standard…
If nothing else, the Chinese have a sense of history and destiny. They have had a glorious past, stretching back millennia, and once controlled most of the Asian heartland in the days of Genghis and Kublai Khan. But even then, China was essentially inward-looking, protecting her own cultural values. Trade with Europeans in the centuries […]
Kremlin Advisor Reveals ‘Cure For U.S. Aggression’…
The only way to stop the United States’ aggression is to get rid of dollar addiction, a Kremlin advisor said on Friday. “The more aggressive the Americans are the sooner they will see the final collapse of the dollar as the only way for the victims of American aggression to stop this aggression is to […]
Trump Strong Dollar Warning Sends U.S. Currency Tumbling…
President Donald Trump has triggered a sharp decline in the US dollar by criticizing the currency’s strength on the back of increased confidence in his presidency. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that will hurt ultimately,” said the […]
Moscow And Beijing Join Forces to Bypass U.S. Dollar in World Money Markets…
Russia’s central bank opened its first overseas office in Beijing on Thursday, marking a small step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system. It was part of agreements made between the two neighbours to seek stronger economic ties since the West brought in sanctions against Russia […]
Tehran, Moscow Dumping the U.S. Dollar. Will Use National Currencies in Mutual Settlements…
CBI Governor Valiollah Seif said the project to use national currencies in trade transaction between Iran and Russia was in final stages. Governor of Central Bank of Iran, upon returning from Moscow, said talks were held with the Central Bank of Russia over linking Mir payment system of Russia and Iran’s Shetab (Interbank Information Transfer […]
U.S. Dollar Is Losing Ground in Southeast Asian Countries…
SDR World Order by James Corbett…
The IMF is formally adding the Chinese renminbi (aka the yuan) to their “Special Drawing Rights” basket on Saturday, October 1st. The move boosts the yuan to the status of global reserve currency alongside its basketmates, the pound, the euro, the yen and the dollar…
Russian-Iranian Bank May Ditch the U.S. Dollar…
Moscow and Tehran are actively working on opening a joint bank with plans to carry out operations in national currencies…
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