Gold, Oil, Dollars, Russia and China

The 1944 Bretton Woods international monetary system as it has developed to the present is become, honestly said, the greatest hindrance to world peace and prosperity. Now China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world …

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China Readies Yuan-Priced Crude Oil Benchmark Backed by Gold

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the …

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Germany Repatriates Its Overseas Gold Reserves for Its Stability

According to the Bundesbank, Germany has repatriated about 1,710 tons or more than half of its gold reserves sooner than planned. The size of its reserves ranks second in the world. Germany has brought home 50.6% of its overseas gold reserves, which is about 1710 tons of yellow metal. This successful operation was reported by …

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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 …

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America’s Financial War Strategy

America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisers. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its …

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Petrodollar Faces Growing Threat from the East

While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed the way In 2012/2013, the US Treasury …

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