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"It's A Huge Story": China Launching "Petroyuan" In Two Months


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It is strange that people think the petrodollar will last forever and cannot disappear. It wasn't that long ago there was no petrodollar... Things do change. Our dollars and dinar could end up having the same value, but not the way we are hoping...

 

B/A

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10 hours ago, bostonangler said:

It is strange that people think the petrodollar will last forever and cannot disappear. It wasn't that long ago there was no petrodollar... Things do change. Our dollars and dinar could end up having the same value, but not the way we are hoping...

 

B/A

Hmmmm so things don't always stay the same. Don't let our little LOPster buddies hear you talking like that....they're stuck in this little squared tank where everything is black & white and NOTHING else is possible.

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Dollar into the abyss!

14:53 - 16/05/2018
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Information / follow-up ...

A diplomatic source in Brussels announced that the European Union intends to move from the dollar to the euro when paying for oil supplies from Iran.

"I have information indicating the intention of the European Union to move from the dollar to the euro when paying for Iranian oil," the Russian news agency Sputnik quoted the source as saying.

EU High Representative for External Affairs Federica Mugherini said on Tuesday that the EU would continue with the Iranian nuclear deal, pointing out that Brussels will help Iran economically after the United States dropped the agreement, and talk about continuing to sell Iranian oil and gas, and the continuation of air and sea transport With Iran and the activation of economic contracts, and work on secondary mechanisms to protect European companies dealing with Iran, and seek practical solutions to save the Iranian nuclear agreement in the next few weeks.

The European Commissioner for Energy and Climate, Miguel Arias Canetti, is scheduled to visit Iran on May 19-20 to discuss cooperation between Iran and the European Union in energy, as part of the EU's commitment to implementing an agreement. Finished

http://www.almaalomah.com/2018/05/16/310157/

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Iran sanctions raise interest in oil trade in yuan 

Tue May 15, 2018 12:30PM
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  2. Iran
  3. Energy
People attend the launch ceremony of Shanghai crude oil futures at the Shanghai International Energy Exchange (INE) in Shanghai, March 26, 2018. (Photo by Reuters) People attend the launch ceremony of Shanghai crude oil futures at the Shanghai International Energy Exchange (INE) in Shanghai, March 26, 2018. (Photo by Reuters)

A US decision to withdraw from a nuclear deal with Iran has added fresh momentum to efforts to start trading oil in yuan following China’s launch of crude oil futures.

The launch of yuan-denominated Shanghai futures in March has created a lot of enthusiasm among international companies seeking to tap China's bustling commodity markets.

The new futures contract traded on the Shanghai International Energy Exchange is now on course to become an alternative international oil benchmark not priced in dollars.

Glencore, Trafigura, and Freepoint Commodities were among the first to buy the new contract , but more importantly Shanghai crude oil futures have seen a steady pick-up in daily trading since launching.

The launch is yet another attempt by China to wield economic influence, and Beijing hopes the Shanghai contract will eventually rival international benchmarks Brent and WTI.

For major oil producers like Iran and Russia which are under US and European sanctions, the new contract provides an alternative platform to market their cargoes.

China is the world’s biggest importer of crude oil and also the biggest buyer of Iranian oil, with the recent boost in Shanghai futures partially attributed to the sanctions decision.

“The sanctions can potentially accelerate this process of establishing a 3rd oil benchmark,” Reuters said, citing a senior vice president for derivatives in Singapore.

The news agency said China took almost a quarter of Iran’s exports in 2017, meeting around 8 percent of its import needs, which also exposed both sides to US sanctions.

China remained Iran’s biggest oil client when the US and Europeans imposed unprecedented sanctions on the Islamic Republic in 2011.

Trump’s decision to reimpose those sanctions has put China ideally placed to demand oil imports from the country to be priced off Shanghai’s crude futures.

“It makes sense for Iran to begin selling oil under contracts denominated in yuan rather than dollars,” Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore, told Reuters.

It remains to be seen whether Iran’s Ministry of Petroleum would like to trade its oil off yuan-denominated futures because that would require a number of time-consuming adjustments.

Iranian officials have already reiterated that they prefer the country's future transactions to be carried out in the currencies other than the dollar.

In Europe, oil companies have adopted a wait-and-see approach as their governments are trying to soften the impact of Trump's decision to exit the 2015 nuclear deal.

Eni Chief Executive Claudio Descalzi has said Europe needs to use its diplomatic clout with the US to limit the impact of renewed sanctions on Iran.

"I think diplomacy can find some solution because in any case Europe is the strongest ally of the US and the main impact of the Iranian sanctions is going to Europe. As the impact of the Russian sanctions is going to hit Europe, so we have a double effect," Descalzi told cable TV channel CNBC.

Eni is one of Europe's largest buyers of Iranian crude oil, which has carried out a study on Iran's Kish offshore and Darquian onshore fields with a view to potential investment.

However, France’s Total is the European company with the biggest stake in Iran where it signed a $2 billion deal last year to develop an Iranian gas field.

China’s state-owned CNPC has said it is ready to take over Total’s role in the project but the French company remains tight-lipped about its future plans.

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China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade

Published time: 14 May, 2018 11:14 
China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade
© Jason Lee / Reuters

 

Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market. 

Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a record 250,000 lots last Wednesday, and the share of yuan contracts in global trading jumped to 12 percent compared to eight percent in March.

“The contract is thundering into action,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore, as quoted by Reuters. “It makes sense for Iran to begin selling oil under contracts denominated in yuan rather than dollars.”

China is the largest oil consumer in the world and also buys the most from Iran, a major OPEC producer. Beijing buys 25 percent of Iranian oil exports, which accounts for eight percent of its needs.

“The sanctions... can potentially accelerate this process of establishing a 3rd (oil) benchmark,” said senior vice president for derivatives in Singapore at financial services firm INTL FCStone, Barry White.

By using more yuan in the oil trade, Beijing both saves the costs of exchanging dollars and promotes the renminbi as a global currency, analysts say. Last week, Shanghai futures rose to a dollar-converted record high of around $75.40 per barrel, growing faster than rival benchmarks Brent and WTI.

For more stories on economy & finance visit RT's business section

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What is Russia's requirement to convert its transactions from the dollar to the euro?

16:35 - 24/05/2018
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Information / follow-up ...

Russian Finance Minister Anton Silwanov on Thursday expressed his country's readiness to turn to the euro in foreign trade accounts as soon as the European Union announced its rejection of US sanctions against Moscow.

"If our European partners declare a clear position, the single European currency will undoubtedly be used in the trade accounts of goods and services, which are often subject to various types of restrictions," Silwanov said during a forum at an economic forum in northern Russia.

"Russia has begun to adopt national currencies in its calculations with its trading partners."

Silwanov criticized the European Union, which supported the United States in imposing sanctions against Russia, especially after the Europeans themselves were affected by Washington's imposition of duties on the import of steel and aluminum, and the situation worsened even more after the White House announced its withdrawal from Iran's nuclear agreement.

http://www.almaalomah.com/2018/05/24/312482/

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Seeking alternatives to US dollar dominance in global finance on day one of SPIEF 2018

Seeking alternatives to US dollar dominance in global finance on day one of SPIEF 2018

Published time: 24 May, 2018 16:23Edited time: 25 May, 2018 09:12

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SPIEF logo/TASS Host Photo Agency

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The first day of the St. Petersburg International Economic Forum (SPIEF) has seen various discussions on ways of ditching the US currency which dominates global trade.

Veteran investor Jim Rogers has noted that the US currency will likely lose its leadership status in the next decade.

 

“Dollar is going to be higher than now because the turmoil is coming. Then, it is going to be overpriced and people will look around and say, ‘America’s got the largest debt in the history of the world. It’s printing money as fast as it can,’” the investor said at the Valdai Club’s discussion session, held as part of SPIEF.

 

The alternative is coming from Brazil, Russia, China, India, Iran and other developing countries, according to Rogers, who said these states have enough power to compete with the dollar.

Russian Finance Minister Anton Siluanov suggested the euro could substitute the dollar in Russia’s foreign trade if Brussels takes a stand against Washington’s latest sanctions against Moscow. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to the euro in settlements depends on Europe’s stance toward Washington’s position,” said Siluanov, who is also Russia’s first deputy prime minister. The minister added that the Chinese yuan, Indian rupee, and Russian ruble can also play a greater role in trade.

The need for more ruble-yuan settlements comes as trade between Russia and China grows. Xu Sitao, chief economist with Deloitte China, told RT that China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports.

“As I said earlier, Russia and China are very complementary. China is moving away from dirty energy coal, so I do expect further collaboration between our countries, I’m quite optimistic,” he said. Both Moscow and Beijing have repeatedly stressed they don’t need other currencies for bilateral trade.

Russia’s St. Petersburg International Economic Forum, one of the world’s key economic discussion platforms, opened on Thursday. This year, about 40 world leaders, including French President Emmanuel Macron, are attending the event. SPIEF 2018 will also welcome leading investment funds from 20 countries with total assets of more than $13.5 trillion.

For more stories on economy & finance visit RT's business section

https://www.rt.com/business/427691-spief-dollar-economic-forum/

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MAY 24, 2018 / 10:14 AM / UPDATED 17 HOURS AGO

CORRECTED-Pakistan doubles size of currency swap agreement with China - central bank

 

Reuters Staff

 

 

(Clarifies that increase is for currency swap, not credit line)

ISLAMABAD, May 24 (Reuters) - China has increased the size of a currency swap agreement with Pakistan by 10 billion yuan ($1.57 billion), two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting foreign currency reserves.

Two State Bank of Pakistan (SBP) sources told Reuters that the currency swap agreement between SBP and China’s central bank has been hiked to 20 billion yuan ($3.13 billion) from 10 billion yuan.

“This arrangement has been finalised,” said one SBP source, who spoke on condition of anonymity. A second source confirmed the agreement and the figures.

 

$1 = 6.3757 Chinese yuan Reporting by Drazen Jorgic; editing by John Stonestreet

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Framework for $2.5bn China currency swap coming next week — CBN ON MAY 23, 20185:49

 

AMIN BUSINESS, NEWS0 COMMENTS

CBN-governor--e1525873860770.jpg

Retains MPR at 14% By Emma Ujah & Babajide Komolafe Governor, Central Bank of Nigeria

 

(CBN), Mr. Godwin Emefiele yesterday said that the framework for the $2.5 billion currency swap agreement with the Peoples Bank of China (PBoC) will be released next week, stressing that the deal will ease pressure in the foreign exchange market. CBN governor Godwin Emefiele and Dr. Yi Gang of Peoples Bank of China: sign currency swap deal Meanwhile, the CBN yesterday retained the Monetary Policy Rate (MPR) at 14 per cent, along with all other policy parameters. It therefore left Cash Reserve Ratio (CRR) at 22.5 per cent; Liquidity Ratio at 30 per cent and asymmetric corridor at +200/-500 basis points around the PMR. Addressing the press at the end of the Monetary Policy Committee (MPC) meeting in Abuja, said that the decision to hold the rate was to allow the monetary authorities see how the implementation of the 2018 budget and other policy measures would impact the economy in the second quarter. On the currency swap deal with China, Emefiele said, “Currency swap between the Central Bank of Nigeria and the People’s Bank of China will ease pressure in the foreign exchange market by the reduction in reliance in a third currency for trade settlement between Nigeria and China.” He added the framework for the deal, which would   be released next week, would be the basis for an expanded economic relationship between Nigeria and China. Retention of MPR Justifying the decision to hold the rate further, he said, “Raising interest rate would depress consumption and increase the cost of borrowing. Such policy would make Deposit Money banks to re-price their assets. “Loosening, committee felt, would stimulate aggregate demand through lower cost of credit,   nevertheless, it felt it would exacerbate inflationary pressures , cost higher pressure on the exchange rate; as demand for forex increases it can return real rate into negative territory; nominal interest rate could be less than inflation. “Reduction in the MPR may not necessarily transmit towards market lending rate on account of high cost of doing business.   Loosening could worsen the Current Account Balance and could even increase Non-Performing Loans of banks.” Reserves   hits   $47.79 b The CBN boss said that the nation’s foreign reserves hit $47. 79 billion as at May 18, 2018.   He described it as a positive development, which made the country more comfortable to do business with other countries of the world. Inflation risks He noted the downsides of the outlook included the late approval and the implementation of the 2018 budget , farmers/herdsmen crises, weak demand associated with salary arrears, contractors unsettled debts   and the growing level of the sovereign debt. He added that the that the injection of the huge 9.12 trillion budget , expenditure towards 2019 elections, monthly FAAC injections approval and implementation of the new national minimum wage and the possibility of a supplementary budget to finance it could have a negative effect on the inflation. “These would impact aggregate demand and put pressure on domestic prices in the remaining months of 2018 and may dampen the gains already made by the bank in stabilizing prices,” he said Consequently, he advocated an orderly injection of the anticipated liquidity by the fiscal authorities to prevent the negative shock to prices that would derail the positive fragile recovery so far achieved. Risks of outflows On risks of capital outflows, Mr. Emefiele said, “Given the CBN interventions, the current level of oil prices and developments in the global economy, we expect rate to remain stable in the foreign exchange market in the near term.   However, the bearish signs in the capital market associated with profit taken calls for a calibration of policies to moderate the tempo of capital outflows in an era of capital normalisation in the Unites States.   There are already indications of severe attacks on the foreign exchange markets in others emerging economies.” Fiscal buffer and decreased oil export to China The CBN boss also urged the federal government to take advantage of the current high oil prices to build a fiscal buffer, especially as the future of oil revenue remained uncertain. He warned that oil export to China could fall in view of the on-going negotiations between the US and China, especially as the US has included energy imports as part of the deal with China.

Read more at: https://www.vanguardngr.com/2018/05/framework-2-5bn-china-currency-swap-coming-next-week-cbn/

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Pakistan, China extend currency swap agreement

1200141-575517285.jpg?itok=ACHq-jQV
The SBP can purchase yuan from the PBOC against the rupee, and repurchase its local currency with the same yuan on a predetermined maturity date and exchange rate. (Shutterstock)
Updated 2 min 38 sec ago
KHURSHID AHMED
May 25, 201814:2
 
 
The arrangement will ease pressure on dollar-based foreign exchange reserves while importing machinery for CPEC-related projects, say financial experts
  • The CSA amount has been increased from 10 billion yuan to 20 billion, and from 165 billion rupees to 351 billion

KARACHI: The State Bank of Pakistan (SBP) on Thursday said it has extended a currency swap arrangement (CSA) with the People’s Bank of China (PBOC) for three years in their respective local currencies.
The central banks also agreed to increase the CSA amount from 10 billion yuan ($1.56 billion) to 20 billion, and from 165 billion Pakistani rupees ($1.43 billion) to 351 billion. 
A CSA allows parties to exchange payments in one currency for equivalent amounts in the other to facilitate bilateral trade settlements, providing liquidity support to financial markets.
“The increase in the CSA amount reinforces the commitment of the two central banks to promote the usage of local currencies in bilateral trade and investment, and strengthen financial cooperation between the two countries,” the SBP said.
The CSA was signed on Dec. 23, 2011, to promote bilateral trade and finance direct investment between the two countries in their respective currencies.
Financial experts term this agreement and its continuation a big development, especially in the presence of the ongoing projects under the China-Pakistan Economic Corridor (CPEC).
“In the presence of CPEC (the China-Pakistan Economic Corridor), this is a huge development since it will ease the pressure on foreign exchange reserves needed for the import of machinery to undertake CPEC-related projects,” said Muzamil Aslam, senior economist and CEO of EFG-Hermes Pakistan.
Since the CSA is a bilateral financial transaction, all terms and conditions apply equally to both countries, and the pricing is based on standard market benchmarks, which are widely accepted in both domestic markets. Both banks will be able to draw on the swap line anytime during the tenure of the swap. 
The SBP can purchase yuan from the PBOC against the rupee, and repurchase its local currency with the same yuan on a predetermined maturity date and exchange rate.
Similarly, the PBOC can purchase rupees against the yuan, for which standard market pricing will apply. Pakistan’s foreign exchange reserves have plummeted to $16.6 billion. 
“The CSA will help Pakistan avert pressure on the US dollar since exports between Pakistan and China will take place in their local currencies,” Aslam told Arab News.
“It will also ease pressure on the current account deficit, as we will have to pay in Chinese currency instead of the dollar.”
Muhammad Sohail, senior financial expert and CEO of Topline Securities, said: “This is a short-term step to avert a major foreign exchange reserves crisis. Pakistan needs to seriously take measures to boost its exports and curtail its imports.”
This is the second CSA that the SBP has signed, the first one being with the Central Bank of Turkey on Nov. 1, 2011.

http://www.arabnews.com/node/1309501/business-economy

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As Russia's Gold Hoard Soars, Putin Warns "US Sanctions Hurt Trust In Dollar As Reserve Currency"

Profile picture for user Tyler Durden
Sat, 05/26/2018 - 20:55
5

 

Despite his absence from Vladimir Putin's annual economic showcase - which included such US allied luminaries as Japanese Prime Minister Shinzo Abe, French President Emmanuel Macron, China’s Vice President Wang Qishan and IMF chief Christine Lagarde - the conversation kept coming back to President Trump.

 

Led by an unusually outspoken Putin, Macron - who seemed more enamored with Putin than the rest, agreed with the Russian president's concerns over the erosion of trust and the specter of a global crisis brought on by Washington's disruptions.

“The free market and fair competition are being squeezed by confiscations, restrictions, sanctions,” Putin said.

“There are various terms but the meaning is the same -- they’ve become an official part of the trade policy of certain countries.”

The “spiral” of U.S. penalties is targeting “an ever larger number of countries and companies,” undermining “the current world order,” he said.

Macron replied: “I fully share your point of view.”

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Such warnings only confirm Mr Putin’s world view. Without mentioning the US, he complained that the multilateral economic world order was being “crushed” by a proliferation of exceptions, restrictions and sanctions.

The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system,” Lagarde said, prompting Wang, a new point-man for Chinese foreign policy, to agree.

“Politicizing economic and trade issues, and brandishing economic sanctions, are bound to damage the trust of others,” he said.

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Putin also expressed frustration at having little contact with Trump and faulted the investigation into whether there was collusion between Trump's campaign and Russia and whether Russia tried to interfere with the 2016 U.S. election.

"We are hostages to this internal strife in the United States," Putin said. "I hope that it will end some day and the objective need for the development of Russian-American relationships will prevail."

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As Bloomberg reports, the panel had its prickly moments. After Putin suggested that Europe depended on the U.S. for its security, and told Macron there was “no need to worry” because Russia would help, the French president shot back:

“I’m not afraid, because France has an army that knows how to protect itself.”

2018-05-26_13-21-02.jpg2018-05-26_13-21-02.jpg

However, the most ominous and direct messages were from Putin himself about changes to the unipolar order.

In his opening statement at the plenary session, Putin says the global economic order is being undermined and that breaking the rules is becoming the rule of the game.

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Coming a day after Russia's Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum that settlements in US currency could be dropped by Russia in favor of the euro

"As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to the euro in settlements depends on Europe’s stance toward Washington’s position,” said Siluanov, who is also Russia’s first deputy prime minister.

“If our European partners declare their position unequivocally, we could definitely see a way to use the European common currency for financial settlements, such as payments for goods and services, which today are often subject to restrictions,” Siluanov added, dangling the bait in front of Merkel and Macron.

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.

The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said.

Putin sharply criticized the sanctions, saying they signal "not just erosion but the dismantling of a system of multilateral cooperation that took decades to build."

Putin called for a change of course, for free trade to be defended, and for rules-based regulation of the global economy, which would alleviate the chaos resulting from the rapid technological transformations arising from the development of digital technology.

“The disregard for existing norms and a loss of trust may combine with the unpredictability and turbulence of the colossal change. These factors may lead to a systemic crisis, which the world has not seen yet,” he said.

Simply put, Putin concluded:

"US sanctions hurt trust in the US dollar as the world's reserve currency."

All of which appears to confirm many conspiracy-theorist's reasoning for why Russia is stockpiling gold faster than any other nation on earth...

Russian-and-Chinese-central-bank-monthlyRussian-and-Chinese-central-bank-monthly-gold-additions-November-2015-November-2016_0.png

Feels good, ha Vlad?

Putin-holding-a-gold-bar-re-why-is-Russi

Putin-holding-a-gold-bar-re-why-is-Russia-buyign-Gold_0_0.jpg

 

https://www.zerohedge.com/news/2018-05-26/russias-gold-hoard-soars-putin-warns-us-sanctions-hurt-trust-dollar-reserve

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  • 4 weeks later...

Things in life are ever evolving.......it's not a matter of if things change.........just when..........

 

http://listverse.com/2018/06/18/10-ways-life-will-change-if-china-becomes-the-worlds-superpower/

 

OUR WORLD

10 Ways Life Will Change If China Becomes The World’s Superpower

MARK OLIVER JUNE 18, 2018

 

 
China is determined to become the world’s next superpower. They already have plans in motion to make it happen, and Chinese president Xi Jinping has publicly declared that he wants China to be leading the world by 2050.

 

If China gets their way, we’re going to see our world completely change—possibly even within our lifetimes. America’s influence will wane, and for the first time in history, the world’s greatest power will be the People’s Republic of China.

 

We don’t have to speculate about what that world’s going to be like. Chinahas made it clear how they want to reshape the world in their image and what a world would look like with the People’s Republic of China in charge.

 

 

10Africa Will Become A Greater World Power

Africa-China-relations.jpg

Photo credit: The Brookings Institution

China’s rise won’t just be good for China. The whole balance of power is going to change—and one of the biggest differences is going to be a whole lot more power in Africa.

Not many people realize just how big of a role China is already playing in Africa. China is currently the biggest source of African aid in the world. They’ve invested billions of dollars into the continent, and they’re only planning on spending more. By 2025, they’re projected to have sent Africa $1 trillion.[1]

Western countries have too many moral qualms to invest that much money in a land where so many countries are led by dictators. American money tends to come with demands for political reform or the ends of atrocities—or, depending on who the president is, just gets cut altogether.

But China doesn’t care what Africa does. They’ve happily given money to the worst African tyrants, so long as it’s profitable for them, which it usually is. China says they get a sixfold return on every dollar they invest in Africa.

Africa has already set itself up as one of China’s closest trade partners, and, in exchange, China has lobbied to get more African states in the UN, which means that as China rises, Africa’s going to climb up with it. And since they’ll be allowed to do things their own way, we won’t just see a world under Chinese influence. We’ll start to see a world under African influence, as well.

9The United States Will Slump Into A Depression

iStock-872048210.jpg
The United States is going to be hit hard when they lose their place as the world’s superpower. They won’t just quietly slip down into second place—they’re going plummet down into a 
massive economic depression.

Right now, America is in a great place because its currency is used for almost all international trade. The US dollar is treated like the new gold standard, and that’s keeping the American economy relatively stable.

But China is fully intent on putting an end to America’s cushy position. They have publicly declared their plan to have the Chinese yuan to replace the US dollar as the standard for international trade, and if they pull it off, America’s going to get hit hard.[2]

The second that the dollar loses its spot as the currency of international trade, the United States will plummet into a depression. The US will, almost overnight, lose two percent of its economic output. Import prices will skyrocket, export prices will plummet, and countless people will lose their jobs.

After all that, the US just might be begging Africa for aid.

 

 

 

8World Policing Will Come To An End

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Despite some people’s paranoia, China probably won’t use its newfound power to take over the world and force everyone to be communist. If their deals with Africa are any indication, China’s going to work with a very gentle hand.[3]

China has an official policy of noninterference with African governments. While the US has a history of sweeping into undeveloped countries and taking out dictators, China, as a rule, leaves them alone. They even invested money in countries like Sudan and Zimbabwe at the height of their human rights crimes, working off the principle that isn’t their job to police other governments.

That’s going to be a pretty major difference from the US. The US military is no longer meant to just protect America—it’s considered the main defense of all of Europe as well, not to mention almost every democratic nation in the world.

But China doesn’t care about democracy. And if their military starts to outpower America’s, we might just see an end to the era of soldiers swarming into underdeveloped countries.

7University Teachers Will Have To Teach State-Approved Lessons

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China might not bomb less developed countries into submission, but that doesn’t mean they won’t try to influence how the world thinks. They just prefer to do it through what they like to call “soft power.”

Part of that is done through schools. China is already trying to lure as many students as they can into their universities. They’ve already drawn in more African students than the US and UK combined, and they specifically target aspiring politicians.

In Chinese schools, teachers are specifically instructed to teach state-approved ideas, especially pushing Chinese and communist ideals.[4] As China becomes the world’s superpower, there’s every reason to believe that they’ll keep that up—but that now they’ll have the influence to lure in the politicians of the future from every part of the world.

But it doesn’t stop there. China has already started influencing schools in other countries, too. They’ve set up their state-controlled Confucius Institutes in 1,500 different schools across 140 countries. These schools have Chinese teachers who are specifically instructed to support the “China model of development” and “correct” Western misconceptions in their classes.

This means that, when they have enough power, college isn’t just going to change in China. You’ll be learning Chinese state-approved lessons in every university around the world.

6History Will Be Forcibly Rewritten

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The Communist Party of China has very publicly declared its intention to rewrite history. In a speech, President Xi Jinping told his country that he was working to improve “international communication” so that they could “present a true, multi-dimensional, and panoramic view of China.”
[5]

That might sound like a lot of fluff, but other documents from the People’s Republic show exactly what that means. China is determined to rewrite what they consider “Western misconceptions” of history—or, in other words, to replace the world’s perception of history with theirs.

One of the bullet points on their agenda is to change our concept of Chairman Mao and to get the world to accept him as a wise, influential leader. They want to break down the perception that the rise of communism in China brought problems and make it seem gentler. And they want to get rid of the idea that the Tiananmen Square Massacre was an injustice.

 

 

 

5Europe Will Slump

iStock-862560672.jpg
After thousands of years with Europe on top of the world, we’re finally starting to see their power plummet.

Since 2000, the power of European countries has waned like never before, all while Asia has been on a steady rise. Meanwhile, China has been cementing their partnerships with the countries of Asia and Africa—which could mean that the whole center of the world’s power might just be about to shift over to the Eastern Hemisphere.

It’s already changing Europe. A lot of European countries have responded to their declining influence by trying to reimagine the continent as a united power in an effort to get their strengths up.[6]

But if China takes over as the world’s superpower, we can expect North America and Europe to become a lot less important than their allies in the East. Europeans are going to see their wages plummet and their luxuries vanish as Asia and Africa boom forward.

4Mainstream Movies Will All Be State-Approved Propaganda

iStock-641840516.jpg
A night at the movies, when China is in power, is going to be like a night at the Chinese propaganda ministry.

China has been blunt about their goals. They want the movies in theaters to—as Xi Jinping put it—“extol our Party, our country, our people, and our heroes” and to make sure China is portrayed “as a civilized place featuring a rich history, with good government and a developed economy.”[7]

The Chinese state has started their own film production company to try to get those movies out there. They’re already working on making their own movies—they recently got Matt Damon, for example, to star in their film The Great Wall.

And they’ve already managed to get other countries to rewrite their moviesto appease them. The villain in Red Dawn (the 2012 version) was changed from China to North Korea, while Looper was set in a futuristic China.

China flatly rejects the idea that art shouldn’t be controlled by the state—and if they keep growing in power, they’re going to get their way. Every mainstream movie you see, no matter where it was made, will have been run by the propaganda department and tweaked until it got the state’s seal of approval.

3Japan Will Be Cut Out Of International Society

iStock-914169324.jpg
“No country feels China’s rise more deeply than Japan,” according to Sheila A. Smith of the Council on Foreign Relations. China’s pathway to power means more to Japan than any other country. When China rises to the top, 
Japan is either going to have to submit to their will or get cut out.

China still hasn’t forgiven Japan for the atrocities they committed during World War II, partly because Japan has never fully apologized for them. Japanese atrocities still play a major role in Chinese propaganda, with the state making sure that their citizens never forget that the Japanese are their enemies.[8]

 

So far, Japan hasn’t shown any signs of backing down in their many disputes with China. But if they don’t give China what they want, they’re going to have a hard time when China takes over. China has already tried to get Japan’s role in the UN weakened, with their state-controlled news agency, Xinhua, once writing that the country will need to change “its attitude towards history [ . . . ] if Japan wants to play a bigger role in the UN.”

Once China is in power, they won’t have to make threats. They’ll just be able to cut Japan out altogether.

2Taiwan Will Be Invaded

iStock-157564362.jpg
There’s no possible way that China’s rise to power is going to end with an independent Taiwan. China has been unequivocal in their demands that Taiwan return to their control, with Xi Jinping once saying that he would never allow “any individual, any organization, any political party, at any time or by any means, to split any single piece of the Chinese territory.”

 

If Taiwan doesn’t come willingly, China has made it obvious that they’re willing to take the country by force as soon as they get an excuse. A minister at the Chinese embassy in Washington made this clear, saying: “The day a US Navy vessel arrives in Kaohsiung is the day that our People’s Liberation Army unifies Taiwan with military force.”[9]

 

China has strongly hinted that they’ll go to war if Taiwan tries to declare independence, as well, regardless of whether or anyone takes their side.

The only thing stopping them from doing it now is that they wouldn’t be able to survive the seemingly inevitable fight against the US. But if China becomes the world’s superpower, the only hope Taiwan will have will be to give up peacefully.

1China And The United States May Go To War

iStock-686383428.jpg
China has boasted that it’s enjoying what it calls a “peaceful rise”—but it’s unlikely it’ll stay that way. Few global powers have ever passed on the torch without a violent conflict, and there’s little reason to think that the US and China will break the mold.

China’s getting ready for it. One of Xi Jinping’s goals for 2050 is to build a world-class military that, in his words, “can fight and win”—even against the United States of America.

 

So far, though, it doesn’t seem like the US is just going to take China’s rise lying down. The two countries have been locked in an aggressive back-and-forth of political spats, tariffs, and struggles to keep each other in check.[10]

 

There’s every reason to think that this will all build to a new Cold War—or, if things really go sour, a brutal, violent conflict that will only leave one superpower standing.

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Moscow threatens a strong response if Washington releases nuclear missiles into space

20:18 - 19/06/2018
0
 
  
%D8%B1%D8%A6%D9%8A%D8%B3-%D9%84%D8%AC%D9

Information / follow up

The head of the Defense and Security Committee of the Council of the Russian Federation Viktor Bondarev, on Tuesday, that the creation of US space forces may threaten international security and Russia will respond strongly if the deployment of nuclear weapons in space.

"There is no need to worry if the United States is committed to the legal framework during the formation of its space military forces, but we have serious doubts," said Pondarev, the former retired general and former commander of the Russian space air force.

"The possibility that the Americans will make flagrant violations in this regard will endanger international security and stability, because they are acting in other areas," he said.

The Russian officer pointed out that the comparison between the Russian space air force and its American counterpart is completely inappropriate. "We formed this branch by uniting the air force, the air defense forces and the space forces, that is, through structural changes. This has never led to the militarization of space "He said.

"Russia is using space not for the deployment of weapons, but for the purpose of carrying out reconnaissance operations and other similar purposes, while the Americans are actively developing weapons for the implementation of attacks from space, and spend huge funds on the appropriate programs and projects in this area."

"Russia and China have repeatedly put forward draft resolutions banning the deployment of weapons in space, and the Americans have rejected them, which is only a clear indication of their military intentions," he said.

The Russian parliamentarian that "the militarization of space road leading to disaster," and expressed the hope that "the remnants of rationality and logic prevails among the American political elites."

"But when the United States withdraws from the 1967 treaty banning the deployment of nuclear weapons in space, Russia and other countries will have a strong response to the maintenance of global security," concluded Bondarev, warning the US government. End 25 n

http://www.almaalomah.com/2018/06/19/319226/

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Russia gives up US Treasuries

15:09 - 22/06/2018
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%D8%AA%D8%B1%D8%A7%D9%85%D8%A85555555555

Information / follow-up ...

Over the past few years, Russia has tended to increase its gold reserves at the expense of its US Treasury bonds under US sanctions against Moscow.

US Treasury data showed that Russia sold US $ 47.5 billion worth of US bonds during April, dropping its US bond investment to $ 48.6 billion from $ 96.1 billion in March.

"Some people are asking whether the Russian central bank sold US bonds in April to support the ruble, but it is about changing priorities as reserves continue to grow," said expert Vladimir Miklashevsky.

Miklashevsky, chief economist at Danski Bank, said the rise in US bond yields encouraged them to sell.

Russia has become the largest holder of US bonds to sell these bonds despite the growth of its international reserves in light of high oil prices, as Moscow reduced its holdings of US Treasury bonds in the past eight years by about four times, from 176 billion dollars to 48.6 billion.

The Central Bank of Russia data show that the country's reserves increased during the first five months of this year by 24 billion dollars, to reach in early June to 456.640 billion dollars.

The data indicated that gold reserves, which are part of the international reserves, have increased since the beginning of 2018 by 3.864 billion dollars, from 76.647 billion in the first of January to 80.511 billion in the first of June.

http://www.almaalomah.com/2018/06/22/319966/

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7 minutes ago, Butifldrm said:

Russia gives up US Treasuries

15:09 - 22/06/2018
0
 
  
%D8%AA%D8%B1%D8%A7%D9%85%D8%A85555555555

Information / follow-up ...

Over the past few years, Russia has tended to increase its gold reserves at the expense of its US Treasury bonds under US sanctions against Moscow.

US Treasury data showed that Russia sold US $ 47.5 billion worth of US bonds during April, dropping its US bond investment to $ 48.6 billion from $ 96.1 billion in March.

"Some people are asking whether the Russian central bank sold US bonds in April to support system" rel="">support the ruble, but it is about changing priorities as reserves continue to grow," said expert Vladimir Miklashevsky.

Miklashevsky, chief economist at Danski Bank, said the rise in US bond yields encouraged them to sell.

Russia has become the largest holder of US bonds to sell these bonds despite the growth of its international reserves in light of high oil prices, as Moscow reduced its holdings of US Treasury bonds in the past eight years by about four times, from 176 billion dollars to 48.6 billion.

The Central Bank of Russia data show that the country's reserves increased during the first five months of this year by 24 billion dollars, to reach in early June to 456.640 billion dollars.

The data indicated that gold reserves, which are part of the international reserves, have increased since the beginning of 2018 by 3.864 billion dollars, from 76.647 billion in the first of January to 80.511 billion in the first of June.

http://www.almaalomah.com/2018/06/22/319966/

 

Thanks... I wonder where this is really headed.

 

B/A

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I have the thought that sooner or later we are going to see a major shift . A Shift in Trade routes and Trade that no longer need the dollar and old trade agreements . Instead they plan to use their own local currencies and commodity swaps and new agreements . Movements like China and Russia selling off US Securities  although it looks like a trade war and may be a trade war . I feel that it is the shift to these new agreements along the Silk Road and The New agreements that Trump is making for the United States . Gold is needed to back everyone's Central Bank while moving through this shift and afterwards . Thats what it seems to me in my small corner of the world ?

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(edited)
On 6/22/2018 at 5:48 PM, blueskyline said:

I have the thought that sooner or later we are going to see a major shift . A Shift in Trade routes and Trade that no longer need the dollar and old trade agreements . Instead they plan to use their own local currencies and commodity swaps and new agreements . Movements like China and Russia selling off US Securities  although it looks like a trade war and may be a trade war . I feel that it is the shift to these new agreements along the Silk Road and The New agreements that Trump is making for the United States . Gold is needed to back everyone's Central Bank while moving through this shift and afterwards . Thats what it seems to me in my small corner of the world ?

 

This whole thread outlines your thoughts well..............the financial aspects of the world are well on their way to shifting from the west to the east.....PetroYuan........Yuan being added to the SDR basket.....AIIB, BRICS.........the process is well underway...........CL

 

This is one of the most informative threads on DV.......thanks to those who have added.......and kept it going.....

Edited by coorslite21
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Central banker lets slip that Global Financial Reset is underway as government's prepare for collapse of current system

 

For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical 'bump' in the credit cycle, but an actual death event for the entire financial system.  And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their 'life support patient' with endless amounts of QE, Zero percent Interest Rates, and even Negative Rates.

In fact despite the reality of tens of trillions of dollars printed and monetized by the central banks over the past seven years in both the U.S. and in Europe, most banks remain underfunded, and pretty much insolvent if they had to administer true accounting practices.
 


Since around 2013, Asian and Eurasian economies such as Russia, China, India, and even Kyrgyzstan have been preparing for a post Petrodollar world, and one no longer controlled by the Western central banks.  And even in Europe, nations such as Germany, Austria, and the Netherlands have all done the unprecedented move of recalling their gold reserves back from the U.S. into their own vaults.

But while those who pay attention to the alternative financial media have heard numerous times that we are preparing for a great 'Global Financial and Currency Reset', only trickles of information has come from leaders on the reality of this paradigm shift.

Until now?

On June 21 the head of the UK's central bank (Bank of England) gave a speech in which he emphasized that the global financial system is moving rapidly towards a 'New World Order', which in this case is political speak for the global currency reset.
 

lagarde%2Bfinancial%2Breset.png
The race is definitely on as to who will be dictating the terms of the reset. 
Everybody has their eyes on China and Russia, thinking they join forces to form the dominance in the global economy to push out the dollar and elevate China to world reserve currency status, or elevate a combination of China and Russia to world reserve currency status with a gold and/or silver backing in this new monetary system, perhaps even with a return to gold and silver via a Chinese Gold-backed Yuan and a Russian Silver Ruble
Well, it’s not only the East that is actively working on the global reset. 
England seems to frantically be in the race as well. 
Yesterday, Bank of England Governor Mark Carney gave a speech, and it wall basically all about the coming reset. 
That phrase that we all can’t stand – the “new world order”. 
Yup.  It’s coming. 
Its a very long, super boring speech, but I’ve read between the lines, and I want to show you some of the thing he has said, so that you can come to your own conclusions as to what is going on. 
To me, it speaks to the end of the dollar dominated world and the coming reset and re-ordering of the global monetary system 
Here’s some of the things he said in no particular order (bold and red bold added by Half Dollar for emphasis): 
The Bank recognises that a new economy, a new world and new demographics demand a new financial system. 
While we prepare for great change, we will be guided by one constant: our mission to promote the good of the people we all serve. 
This infrastructure must be overhauled now that the economy is on the cusp of the fourth industrial revolution and our demographic challenges are intensifying. 
And rebalancing of the global order is proving as dramatic as it was in Montagu Norman’s time. 
Such profound changes demand a new finance. 
We now have a balance sheet fit for a new world order with greater reliance on markets in a wider range of reserve currencies. – Silver Doctors
The average citizen will NEVER receive warning from either governments or the financial powers unless they are able to read between the lines in speeches such as this one on what is being worked on, and what is coming.  Because all one has to do is remember back in 2008 when CNBC went out of their way to tell us how solvent and stable Bear Stearns was, only to see it vanish forever just four days later, with Congress having to push through a bailout under the guise that this crisis could bring about the institution of Martial Law.
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great thread - thank you!

 

Signs, signs, everywhere a sign..

Here's the short conclusion from the Bank of E speech. I highlighted a few telling statements....

 

V. Conclusion

My Lord Mayor, three weeks ago the Chancellor and I attended the G7 in Canada.

Even though there were threats of protectionism in the air, the UK had consistently positive agenda focused

on openness and partnerships.

Global Financial Partnerships to take advantage of the enormous progress reforming the financial

system over the past decade;

Free trade in services to address chronic trade imbalances, while promoting inclusive growth; and

Free trade for SMEs so that the many can take advantage of the new platforms, the new finance and

the new economy.

This eagerness reflects our confidence that the UK can seize enormous, new opportunities by building

connections.

The Bank recognises that a new economy, a new world and new demographics demand a new financial

system.

That’s why we are building the infrastructure so that UK households and businesses can transact anywhere,

anytime with anyone whether around the corner or around the world.

That means connections between small businesses in Scunthorpe and their clients in Shanghai and between

households in Belfast and firms in Bangalore.

We now have a balance sheet fit for a new world order with greater reliance on markets in a wider range of

reserve currencies.

That means connections between banks, investors and markets around the world consistent with the City’s

traditional global role.

Having put in place the pillars of responsible, open financial system, we are ready for deeper Global

Financial Partnerships with the emerging economies that will be the most important drivers of global growth

in the decades ahead. Hello IRAQ!!

It is in this context of a confident, open and forward-looking City that the government’s discussions with

Europe will take place.

 

 

 - Be prepared. Be positive. Be doing God's will.

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29 minutes ago, miquel said:

V. Conclusion

 

Thanks miquel. The average person has no idea that the world is changing and all those countries who have sat behind the US now want a bigger piece of the pie and they are lining up to go around us. Our current policies are only making those decision easier for foreign leaders. Some of our allies may have stood by us for the sake of tradition, but they do not see the loyalty and it sounds like they are about to forget their loyalties as well. Americans tend to think that could never happen to us... I'm sure the Romans thought the same thing.

 

B/A

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Central banker lets slip that Global Financial Reset is underway as government's prepare for collapse of current system

 

For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical 'bump' in the credit cycle, but an actual death event for the entire financial system.  And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their 'life support patient' with endless amounts of QE, Zero percent Interest Rates, and even Negative Rates.

In fact despite the reality of tens of trillions of dollars printed and monetized by the central banks over the past seven years in both the U.S. and in Europe, most banks remain underfunded, and pretty much insolvent if they had to administer true accounting practices.

 


Since around 2013, Asian and Eurasian economies such as Russia, China, India, and even Kyrgyzstan have been preparing for a post Petrodollar world, and one no longer controlled by the Western central banks.  And even in Europe, nations such as Germany, Austria, and the Netherlands have all done the unprecedented move of recalling their gold reserves back from the U.S. into their own vaults.

But while those who pay attention to the alternative financial media have heard numerous times that we are preparing for a great 'Global Financial and Currency Reset', only trickles of information has come from leaders on the reality of this paradigm shift.

Until now?

On June 21 the head of the UK's central bank (Bank of England) gave a speech in which he emphasized that the global financial system is moving rapidly towards a 'New World Order', which in this case is political speak for the global currency reset.

 
lagarde%2Bfinancial%2Breset.png
The race is definitely on as to who will be dictating the terms of the reset. 
Everybody has their eyes on China and Russia, thinking they join forces to form the dominance in the global economy to push out the dollar and elevate China to world reserve currency status, or elevate a combination of China and Russia to world reserve currency status with a gold and/or silver backing in this new monetary system, perhaps even with a return to gold and silver via a Chinese Gold-backed Yuan and a Russian Silver Ruble
Well, it’s not only the East that is actively working on the global reset. 
England seems to frantically be in the race as well. 
Yesterday, Bank of England Governor Mark Carney gave a speech, and it wall basically all about the coming reset. 
That phrase that we all can’t stand – the “new world order”. 
Yup.  It’s coming. 
Its a very long, super boring speech, but I’ve read between the lines, and I want to show you some of the thing he has said, so that you can come to your own conclusions as to what is going on. 
To me, it speaks to the end of the dollar dominated world and the coming reset and re-ordering of the global monetary system 
Here’s some of the things he said in no particular order (bold and red bold added by Half Dollar for emphasis): 
The Bank recognises that a new economy, a new world and new demographics demand a new financial system. 
While we prepare for great change, we will be guided by one constant: our mission to promote the good of the people we all serve. 
This infrastructure must be overhauled now that the economy is on the cusp of the fourth industrial revolution and our demographic challenges are intensifying. 
And rebalancing of the global order is proving as dramatic as it was in Montagu Norman’s time. 
Such profound changes demand a new finance. 
We now have a balance sheet fit for a new world order with greater reliance on markets in a wider range of reserve currencies. – Silver Doctors

The average citizen will NEVER receive warning from either governments or the financial powers unless they are able to read between the lines in speeches such as this one on what is being worked on, and what is coming.  Because all one has to do is remember back in 2008 when CNBC went out of their way to tell us how solvent and stable Bear Stearns was, only to see it vanish forever just four days later, with Congress having to push through a bailout under the guise that this crisis could bring about the institution of Martial Law.

 

http://www.thedailyeconomist.com/2018/06/central-banker-lets-slip-that-global.html

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