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Washington’s Financial/Currency War On China: Eclipsing Of The Dollar By The Yuan – OpEd
By Mahdi Darius Nazemroaya The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and … Continue reading
Is The U.S. Trying To Crash China’s Market To Counter The Rising Clout Of The BRICS, SCO, EEU?
By Mahdi Darius Nazemroaya The tide is changing. The world is no longer dominated by the U.S., Western Europe, and Japan. The Group of Eight (G8), which reverted to the Group of Seven (G7) in 2014, has been displaced by the BRICS, which is why Russia was not bothered when it was expelled from the G8/G7 … Continue reading
Why The BRICS Summit Has Been Virtually Blacked Out From U.S. Media: Putin Is Leading The BRICS Uprising
By Mike Whitney There’s been a virtual blackout of news from this year’s seventh annual BRICS summit in Ufa, Russia. None of the mainstream media organizations are covering the meetings or making any attempt to explain what’s going on. As a result, the American people remain largely in the dark about a powerful coalition of nations … Continue reading
China’s Currency: Is The Time Ripe For A New Global Reserve Currency?
By Mikala Sorenson China’s push for the adoption of a super-sovereign reserve currency points to a possible larger role for IMF’s Special Drawing Rights (SDR). The current international monetary system is a historical exception. It has no anchor, such as the silver standard, the gold standard, or the Bretton Woods agreement. Instead, a floating currency … Continue reading
The BRICS/SCO Summit(s) In Ufa Marks The Start Of A Silk World Order
By Mahdi Darius Nazemroaya Get ready for ground shattering geopolitical changes. At the crossroads of Asia and Europe, it has been decided that the Russian city of Ufa will be the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, … Continue reading
Chinese Yuan Set To Be Added As Reserve Currency This Year: Bloomberg Survey
China is set to see its currency, the yuan, officially called renminbi, being added as a reserve currency this year, according to Bloomberg. A recent survey conducted by Bloomberg shows that eleven out of sixteen economists have predicted that the International Monetary Fund (IMF) will add the Chinese currency to its Special Drawing Rights (SDR) basket during … Continue reading
Chinese Yuan’s Inclusion To IMF’s SDR Basket Could Draw $1 Trillion
Around $1 trillion in global currency reserves will switch into Chinese assets should the International Monetary Fund (IMF) endorse the yuan as a reserve currency and include it in its Special Drawing Rights (SDR) basket this year, according to Standard Chartered, Bloomberg reports. “SDR inclusion in 2015 would likely have a significant market impact, driving an immediate sharp … Continue reading
China’s New Investment Bank: A Premature Prophecy
By Mark Fleming-Williams, Stratfor Global Intelligence Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to the circumstances surrounding China’s launch of a new venture, the Asian Infrastructure Investment … Continue reading
Chaos And Hegemony: How U.S. Dollar Imperialism Dominates The World – OpEd
By Dr. Mohssen Massarrat With last fall’s U.S. Congressional elections, the Barack Obama ‘era’ has entered its final phase. Shortly before coming to power, the new U.S. president had sparked a massive uproar when he proclaimed a new ‘Pacific century.’ Since then, roughly two years before the end of his term in office, we can see more … Continue reading
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