Look at an enslaved world going digital:
Look at an enslaved world going digital:
…So, when the markets fail, say farewell to the pension and insurance funds, but be prepared to survive institutional disruptions.
Turkey has also joined Russia in first joint air strikes against Daesh, according to news reports, and Turkey withdrew its military from Iraq.
Clearly, the evidence reveals the shift from West to East with these development funds, trade deals and trading blocs.
De-dollarization is gaining momentum…
A bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei (Reuters/Stringer) and Russian ruble banknotes (Reuters/Ilya Naymushin) Ditching U.S. Dollar: China, Russia launch financial tools in local currencies December 29, 2014…
Belarus has twisted the knife into Moscow as the ruble continues to plummet.
“Minsk has demanded payment for future transactions in dollars or euros rather than rubles, according to state media agency Belta. ”
Belarus blocked online stores and news websites Sunday, in an apparent attempt to stop a run on banks and shops as people rushed to secure their savings.
“”The defense ministers of Kazakhstan and Belarus have approved a plan of cooperation for the next year.
The document defines the further steps to enhance cooperation in military and military-technical spheres, as well as in education and training areas.
Imangali Tasmagambetov and Andrei Ravkov believe in the need to strengthen cooperation in the defense sector.”
If you follow the geopolitics, you might reasonably conclude that the dollar’s dominance has peaked and is now declining. The SCO appears to believe there can be a transition away from the dollar, an idea that could turn out to be dangerously wrong at a time of great but generally unrecognised currency fragility. At the heart of the issue there is a worrying lack of distinction between the dollar’s reserve function and its function as the monetary standard from when it replaced gold in 1971. -Alasdair Macleod
The Global Economy Is Being Scripted by Institutions that have plans changing the status quo (end of the petro-dollar?). Also consider both SCO and the BRICS nations combined to form a group of economies to effectively oppose the dictates from the G-7. Apparently the People of Earth are considered merely as pawns and revenue sources by all these institutions in a geopolitical game. ~ Ron