“…. the ongoing attempt to economically cripple Russia, which, incidentally, will totally backfire on them & see the greenback replaced globally with the Chinese yuan”
China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister.
“Russia has capability and the wisdom to overcome the existing hardship in the economic situation,” Foreign Minister Wang Yi told journalists, China Daily reported Monday. “If the Russian side needs it, we will provide necessary assistance within our capacity.”
as i was saying (again, #itoldyaso) ” the reason oil prices are down is for the same reason the english-usa have forced the EU countries to place trade sanctions on Russia, ie, the prices have been artificially dropped because of the actions of the countries in the Middle East that are “chummy” with the english-usa thugmonkies, merely part of their ongoing attempt to economically cripple Russia, which, incidentally, will totally backfire on them & see the greenback replaced globally with the Chinese yuan.”
A record level of $158.8 trillion in global debt, together with low economic growth is creating a serious threat of a new financial crisis, says the sixteenth annual Geneva Report.
Total world debt, excluding the financial sector, has risen from 180 percent of global output in 2008 to 212 percent last year, according to the report written by a panel of senior economists including three former senior central bankers.
The intrinsic stupidity of an unbacked monetary system, who needs bit-coin when the planet’s already running on hg well’s “sleeper awakes” virtual currency already, tip, try doing things because they need to be done, not for shiny plastic toys & chocolate biscuits, ie, chuck the greedtard 6foot3year-old brats back in the play-pen & let the grownups start cleaning up their fubar debacle before it’s irreparable, honestly, cockroaches & flies have more evolved mating dances, & they don’t fkup the Planet in the process.
ps, “give a westerner a greenback & they’l gorge on cheeseburger for 5minutes, give a man a gold dinar & he’ll craft an artpiece that’l feed his village for a year” (apologies to zeus, jesus, d’jonsus, isis, or whichever “drifter” said the original version)
China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks.
The agreement signed in the end of October comes into force Monday, December 29, and provides a currency swap of CNY150 billion (up to US$25 billion).
Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.
Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.
Pushing down global oil prices was part of Washington’s rationale to destabilize the Russian economy, US President Barack Obama said in an interview to National Public Radio, a non-profit media organization.
as i was saying… “Pushing down global oil prices was part of Washington’s rationale to destabilize the Russian economy, US President Barack Obama said in an interview to National Public Radio, a non-profit media organization”