Balqis Al Rashed (Saudi Arabia), Cities of Salt, 2017. On 9 December, China’s President Xi Jinping met with the leaders of the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia to discuss deepening ties between the Gulf countries and China. At the top of the agenda was increased trade between China and the GCC, with […]
The post The Road to De-Dollarisation Will Run through Saudi Arabia first appeared on Dissident Voice.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the trade and tariff war that has now escalated into a currency war between the U.S. and China.
Many investors and analysts believe that China’s retaliation measures, which could hurt Chinese businesses, are focused on weakening Trump’s chances to win the White House in 2020 so China could have a Democratic leader to negotiate an easier deal.
Trump continues to push the US towards a protectionist economy, with the aim of bringing back manufacturing.
The RMB is the currency of choice for the BRICS New Development Bank. It is the fifth most used currency in the world [Xinhua]
The People’s Bank of China on Friday said that it encouraged cross-border and overseas use of the renminbi (RMB) currency to settle accounts and boost investment.
It acknowledged that Chinese banks have been looking to trade in offshore RMB and that there was a growing need for foreign-funded companies in China to be able to transfer investment revenue overseas.
Money Managers for Mankind? China in the Age of Global Governance, Part III
By: Andrew Gavin Marshall
3 March 2016
Originally posted at Occupy.com on 9 February 2016
The IMF announced this week that the renminbi will now be considered a world reserve currency.
The post Chinese Currency Joins US Dollar As A World Reserve Currency appeared first on The Anti-Media.
A currency crisis is coming to the US and it’s only a matter of when, not if. Many have been warning about it for years, from politician Ron Paul to economist Peter Schiff to many other voices in the alternative media. It’s a mathematical certainty, and a question of when, not if. Recent events, within the US and abroad, are beginning to indicate that it’s going to happen sooner rather than later. No one knows exactly when; there are way more predictions that don’t come true than those that do.
