In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘gold-backed yuan’

Moscow And Beijing bypass US Dollar, shift to gold trade

Posted by seumasach on April 3, 2017

Zero Hedge

1st April, 2017

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.

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Gold in 2016

Posted by seumasach on January 10, 2016

Alasdair Macleod

Gold Money

7th January, 2015

Advance signs of a global slump in economic activity emerged in 2015

Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis that could manifest itself in 2016, partially confirmed by the disappointing performance of equity markets. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.

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China, gold prices & US default threats

Posted by seumasach on October 22, 2013

F.William Engdahl

RT

21st October, 2013

In the very days when a deep split in the US Congress threatened a US government debt default, the gold price should normally jump through the roof, yet the opposite was the case. It is worth a closer look why.

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China converting US debt to gold

Posted by seumasach on August 20, 2013

Posted in Financial crisis, Multipolar world | Tagged: , , , | Leave a Comment »

 
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