In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘new financial architecture’

China establishes world’s largest physical gold fund

Posted by seumasach on May 25, 2015

Zero Hedge

24th May, 2015

While many eagerly await the day when China will finally reveal its latest official gold holdings, a number which when made public will be orders of magnitude higher than its last 2009 disclosure of just over 1,000 tons, or less even than Russia, China continues to plough ahead with agreements and arrangements to obtain even more gold in the coming years.

Read more

Posted in Currency Wars | Tagged: , | Leave a Comment »

Dollar no more

Posted by seumasach on May 3, 2015

Sputnik

30th April, 2015

In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world’s reserve currency. According to Lin, the solution would be to replace the national currency with a global currency.

In the recent months, several countries, including Russia, China, India and Turkey, have decided to ditch the US dollar in their foreign trade, often paying for products in gold or other agreed on currencies.

Read more

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

AIIB “biggest blow to America’s superpower status in the post-war era”

Posted by seumasach on April 12, 2015

How China grew desperate to conceal its power from the world

Telegraph

11th April, 2015

The creation of the prosaic-sounding Asian Infrastructure Investment Development Bank (AIIB) has landed the biggest blow to America’s superpower status in the post-war era.

Read more

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

US isolated over BRICS and IMF

Posted by seumasach on December 15, 2014

US isolated, BRICS to get greater voting power at IMF

BRICS Post

13th December, 2014

Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power.

Read more

 

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

BRICS, South America toast to new financial architecture

Posted by seumasach on July 17, 2014

BRICS Post

17th July, 2014

Leaders of the BRICS nations met with South American leaders Wednesday at the 6th BRICS Summit in Brasília, in the first iteration of what some leaders suggested could become a more permanent alliance.

Read more

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

Emerging dynamics of petro-yuan standard

Posted by seumasach on April 4, 2014

Jim Willie

Goldseek

4th April, 2014

The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system. For two decades the USDollar has been defended by military means. Worse, for 50 years the USGovt has been a hidden nazi enclave of wicked fascists who have hidden behind their overt disdain for communism, with Kissinger the flag bearer, with Brzezinski the ideologue, with Papa Bush the executor, with narcotics and genetics and gold thefts their principal agenda. The official US support of fascist regimes includes a list of nations as long as your arm. Since 2008 when the Lehman kill was executed in order to rescue Goldman Sachs, when Fannie Mae was hidden under the USGovt roof to prevent its $trillion fraud from being exposed, and when AIG was tucked in the USFed basement closet for ample monetized rescues to patch the derivative black holes, the Anglo-American banking system has indeed been going through trials and tribulations, leading to its death throes. The climax of the banking system death process is upon us finally, the fibrillations of sudden illiquidity against the backdrop of relentless unforgiving insolvency so evident to those with eyes that function. Never before has the USGovt been so plain in its fascist ways, with abuses on domestic soil and installed nazi regimes on foreign soil. They kill economies systematically. They wage war relentlessly, using it as a business initiative. They control bank movements obsessively. They monitor human movement compulsively. In Kiev were seen the swastikas on armbands. The name Neo-Con is derived as a more palatable version of Neo-Nazi. The game is over for their captured gutted violated USDollar kingdom in a veritable killing field of nations.

Read more

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

Jim Willie on GCR(Global Currency Reset)

Posted by seumasach on November 30, 2013

Posted in Financial crisis | Tagged: , , , , | 1 Comment »

Paul Craig Roberts-Fed trapped by money printing

Posted by seumasach on November 5, 2013

Posted in Currency Wars, Financial crisis | Tagged: , , | Leave a Comment »

China converting US debt to gold

Posted by seumasach on August 20, 2013

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

China’s Yuan to be gold backed?

Posted by seumasach on July 26, 2013

China’s Yuan Set To Become Global Reserve Currency With Gold Backing?

Gold Core

Recent media reports in China and Russia suggest that China is continuing to consider backing the yuan with gold. Since 2005, we have said that such a move by China was likely as China seeks to become a superpower and lessen and undermine U.S political dominance. We have in the past discussed the possibility of the Chinese pegging their currency to gold bullion.

Read article

Posted in Currency Wars | Tagged: | Leave a Comment »

Breaking news: OMFIF report advocates the official remonetization of gold

Posted by seumasach on January 16, 2013

John Butler

Financial Sense

11th January, 2013

In a report published today, the Official Monetary and Financial Institutions Forum (OMFIF), a global organization of central banks and sovereign wealth funds, recommends that gold be remonetized for use as international money, alongside major currencies.

Read more

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

 
<span>%d</span> bloggers like this: