Russia accepts Iran into the EEU while also extending oil for goods program meant to bypass the dollar

Russia accepts Iran into the EEU while also extending oil for goods program meant to bypass the dollar

On April 24, Russia's Prime Minister Dmitry Medvedev announced that they had accepted Iran's proposal to join the Eurasian Economic Union (EEU).  And this comes just a few days after Russia extended a program with the Middle Eastern power to facilitate their year old oil for goods trade which was created so that Iran could completely bypass the dollar.

Read More

China Continues To Make Significant Strides Forward In Economic Reform

China Continues To Make Significant Strides Forward In Economic Reform

2018 marks the 40th anniversary of when China began the adoption of reform and what is termed an “opening-up” policy. This policy was initiated by former Chinese leader Deng Xiaoping and it has transformed China into the world’s second largest economy.

Since the initiation of these reforms, China has embarked upon widespread economic reforms in both rural and urban areas, gradually replacing its planned economy with a system prioritising the market’s role. China has also set up special economic zones and opened its market up to the world in the shape of the One Belt One Road (OBOR) initiative and countless other bilateral trade agreements.

Thanks to these reforms, China’s economy has made huge progress over the last few decades. Its GDP reached 82.7 trillion yuan last year, which is about 230 times that of 1978. China has lifted nearly 800 million people out of poverty and plans to eradicate poverty, in its entirety, by 2020.

Read More

Americans Must Know What Macron Has Done

Americans Must Know What Macron Has Done

Jan. 9—French President Emmanuel Macron, in his speech in Xi’an on the first leg of his visit to China, has unleashed a highly significant intervention into the nearly universal idiocy dominating the European Union.

Read More

London Paul and Team RogueMoney Told Ya: The Crypto-Ruble is Almost Here

London Paul and Team RogueMoney Told Ya: The Crypto-Ruble is Almost Here

From CoinTelegraph via Zerohedge.com comes the breaking news that President Vladimir Putin has ordered the accelerated roll out of a cryptocurrency backed by Russia's central bank.

While cryptocurrencies such as bitcoin and ethereum received a great deal of attention at July's 2017 St. Petersburg International Economic Forum, notably through Putin's extensive meetings with ethereum's Russo-Canadian executive Vitalik Buterin, these reports indicate a move towards a sovereign cryptocurrency that, as RogueMoney regular contributor London Paul has forecast for many months, will be convertible to cash rubles and be asset (most likely gold) backed...

Read More

Four Words that Ended the Nixon Shock: Oil-Yuan-Gold Triad

Four Words that Ended the Nixon Shock: Oil-Yuan-Gold Triad

Jim Rickards made a great point on a recent Keiser Show that seems to have escaped most people. When China announced the coming of its new gold-backed oil contract earlier this month, President Xi was picking up where President Nixon left off. The golden ping-pong ball is back in play. But how will China avoid the gold-back entanglement that got America into trouble 46 years ago? No worries; Life finds a way.
 

Read More

Russia Continues To Take a Wrecking Ball To The US Dollar

Russia Continues To Take a Wrecking Ball To The US Dollar

Informational attacks on Russia as an aggressor nation supposedly using Zapad2017 military exercises to simulate an invasion of the Baltics and Poland or guilty of hijacking the 2016 U.S. elections via Facebook/Twitter trolls and bots are intensifying. Hollywood directors and actors like Morgan Freeman are being enlisted into propagandizing the American public with the notion that 'we are at war' with Russia, to the bemusement of the Russian media.

Not coincidentally, the war drums around North Korea, a Treasury Secretary threatening the former largest holder of U.S. government debt in China with being cutoff from the American banking system (a step which would implode what's left of the economy overnight), and the #RussiaGate agitprop campaign are reaching ludicrous levels, as Washington and Wall Street grow desperate from losing control over the dollar's role in global tradeSince the BRICS summit of early September, in which Russian President Vladimir Putin declared that the unjust manipulation of (the dollar's) reserve currency status must be addressed through multipolar action, we can see the policy being implemented in concert by the Eurasian powers -- namely China, Russia, Iran, and soon to be ex-NATO member Turkey.

The ruble is not yet being 'nationalized' as Russian nationalist economists like Nikolai Starikov or Putin adviser Sergey Glazyev have long advocated. But hints of a sovereign crypto-yuan in China amidst Beijing's crackdown on bitcoin/ethereum exchanges naturally suggests Eurasian wide coordination with Moscow planning something similar in the near future -- a crypto-ruble allowing oil and gas trade settlement in gold.

The Sirius Report's London Paul has some of the story in a September 19, 2017 post reproduced below. -- JWS

Read More

Chinese Leverage to Kill the Petrodollar by Dr. Jim Willie the Golden Jackass

Chinese Leverage to Kill the Petrodollar by Dr. Jim Willie the Golden Jackass

Legacy media are full of reports about infighting on President Donald Trump's National Security Council, with White House NatSec Adviser Gen. H.R. McMaster reportedly purging individuals brought in by his predecessor former Defense Intelligence Agency chief Michael T. Flynn. In addition to the U.S. occupation in Afghanistan going on 17 years, the President is unhappy about the inability of the NSC to stop leaking by the minute or produce any strategies for 'winning' in the Middle East.

As RogueMoney's mentor W the Intel Insider and contributors and the Russian Analyst have all reported, Saudi Arabia is bogged down in a disastrous war with its poorest neighbor, Yemen. Neocons avoid the subject of Saudi losses because they don't want the ignorant legacy media to know that the proxy wars they promoted can cut both ways. For Iran, the conflict presents an opportunity to avenge the deaths of Iranian Revolutionary Guard Corps in Syria by helping arm the Houthis -- who are killing dozens of Saudi soldiers and border guards every week -- all without evidence of a single IRGC man setting foot in Yemen in two years of guerrilla warfare.

The hidden purpose of the 2015 Saudi intervention according to RM contributors The Prince and London Paul was to seize untapped Yemeni oil and gas reserves to make up for the Kingdom's depleted supergiant fields like Ghawar, as well as elbow aside rival United Arab Emirates (UAE) in the strategic Aden area at the mouth of the Red Sea, which is the gateway to the Suez Canal and China's Maritime Silk Road (the PRC recently boasting about its 'anti-piracy' base in nearby Djibouti). As W the Intelligence Insider reports the Yemen War is all about keeping the Saudis on board with the petrodollar deal hammered out by Rockefeller agent Henry Kissinger in the early 1970s, but defeats at the hands of the Yemenis as well as by proxy in Syria are forcing the desperate Saudi princes to turn east for regime survival... -- JWS

Read More

Legacy Media Covering Humanitarian Catastrophe in Yemen, As Saudis Can No Longer Hide Defeats, Houthi Missile Strikes

Legacy Media Covering Humanitarian Catastrophe in Yemen, As Saudis Can No Longer Hide Defeats, Houthi Missile Strikes

"Houthi-Saleh alliance forces have launched a large offensive inside the Saudi territory and captured the Malhama Mountain, points at Faridah and Jabiri, and the al-Jabri Military Camp in Jizan. According to pro-Houthi sources, dozen of Saudi military servicemen have been killed as a result of the clashes and artillery shelling."

"Separately, Houthi-Saleh forces have targted a warship belonging to the UAE Navy with a missile near the Yemeni port of Mocha. However, it is not clear what damage was caused by the missile."  -- Southfront July 29, 2017

The scale of the humanitarian nightmare the Saudis war on Yemen is creating was the subject of a recently broadcast report by the PBS documentary program Frontline. That report aired days before the Saudis claimed to have shot down a Yemeni ballistic missile near the holy city of Mecca -- a claim disputed by the Houthis. What's clear is that international pressure on the Saudis to stop their vicious blockade of the poorest country in the Arab world is rising, along with missile strikes and guerrilla raids by the Houthis against Saudi territory.

Read More