Saudi Arabia Considers Accepting Yuan for Oil

Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi Arabia has long had a volatile relationship with the US, and seeing the harsh sanctions imposed on Russia is only making the yuan more appealing....Continue … Continue reading Saudi Arabia Considers Accepting Yuan for Oil →

China’s New Gold Fix First Step In Moving The Price Of Gold To $10,000 – $20,000

What China has essentially done today is introduced their own gold fix priced in yuan. Once the world views gold in terms of yuan per grams of gold as the way of measuring and trading gold, that will mean that China is officially controlling the world’s gold market. You have to also remember that China … Continue reading China’s New Gold Fix First Step In Moving The Price Of Gold To $10,000 – $20,000 →

China plans to launch yuan gold fix by end of 2015

China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing. The first public confirmation made by an exchange official comes after Reuters cited sources in February on the proposal … Continue reading China plans to launch yuan gold fix by end of 2015 →

Chinese Gold Standard Would be “Game Changer”

Could gold, the world’s longest running currency be used to create a new order in global currencies? The Chinese central bank is said to be considering backing its yuan with the yellow metal. This move, says Ken Hoffman, Global Head of Metals and Mining Research for Bloomberg Intelligence, would be a “game changer.” Why would … Continue reading Chinese Gold Standard Would be “Game Changer” →

V Guerrilla Economist / Shale Oil Carnage, De dollarization, Mideast Wars

V: The Guerrilla Economist joins me to discuss the current Economic state of the world, particularly that of the US.. Global Geopolitical events are also discussed; topics covered include: Weaponized banking. Line of credits being called in for Shale oil companies Auto loans offered to sub-sub-sub prime lenders as new FICO score guidelines are announced. De-dollarization in critical phase as … Continue reading V Guerrilla Economist / Shale Oil Carnage, De dollarization, Mideast Wars →

China Has Announced Plans For A ‘World Currency’

http://theeconomiccollapseblog.com/archives/china-announced-plans-world-currency The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would … Continue reading China Has Announced Plans For A ‘World Currency’ →

Growing The Russia-China New Relationship

While the Obama Administration is preoccupied with keeping an increasingly unhappy EU firm on further economic sanctions against Vladimir Putin’s Russia, Putin is busy outflanking an increasingly desperate Washington. Rather than fixate on the deliberate US and NATO provocations in Ukraine, Russia is deepening its strategic ties with the other Great Eurasian land-power, the Peoples’ … Continue reading Growing The Russia-China New Relationship →

The New Global Economy: The Rise Of China And Decline Of The U.S.

http://emergingequity.org/2015/01/28/the-new-global-economy-the-rise-of-china-and-decline-of-the-u-s/ There is a limit to economic manipulations by empires. All empires have perished due to economic hardships. The Ottoman, Soviet and the British empires were no exception in the past century. Waste was the key product of these empires. Whether the only empire – the US – understands it or not, the fact is … Continue reading The New Global Economy: The Rise Of China And Decline Of The U.S. →