Russia, China and BRICS Unveil A New Gold Trading Network

Russia, China and BRICS: A New Gold Trading Network:

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

In his speech, Shvetsov provided an update on an important development involving the Russian central bank in the worldwide gold market, and gave further insight into the continued importance of physical gold to the long term economic and strategic interests of the Russian Federation.

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Russia to launch ‘independent internet’ for BRICS nations – report

Russia to launch ‘independent internet’ for BRICS nations – report:

The Russian Security Council has asked the country’s government to develop an independent internet infrastructure for BRICS nations, which would continue to work in the event of global internet malfunctions.

The initiative was discussed at the October meeting of the Security Council, which is Russia’s top consultative body on national security. President Vladimir Putin personally set a deadline of August 1, 2018 for the completion of the task, the RBC news agency reported.

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Suddenly, “De-Dollarization” Is A Thing

Suddenly, “De-Dollarization” Is A Thing:

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.

China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious.

It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

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Pepe Escobar Exposes Real BRICS Bombshell: Putin’s “Fair Multipolar World” Where Oil Trade Bypasses The Dollar

Escobar Exposes Real BRICS Bombshell: Putin’s “Fair Multipolar World” Where Oil Trade Bypasses The Dollar:

Authored by Pepe Escobar via The Asia Times,

Putin reveals ‘fair multipolar world’ concept in which oil contracts could bypass the US dollar and be traded with oil, yuan and gold…

The annual BRICS summit in Xiamen – where President Xi Jinping was once mayor – could not intervene in a more incandescent geopolitical context.

Once again, it’s essential to keep in mind that the current core of BRICS is “RC”; the Russia-China strategic partnership. So in the Korean peninsula chessboard, RC context – with both nations sharing borders with the DPRK – is primordial.

Beijing has imposed a definitive veto on war – of which the Pentagon is very much aware.

Read morePepe Escobar Exposes Real BRICS Bombshell: Putin’s “Fair Multipolar World” Where Oil Trade Bypasses The Dollar

BRICS countries considering own cryptocurrency as settlement mechanism

BRICS countries considering own cryptocurrency as settlement mechanism:

The BRICS Finance Committee is discussing a joint virtual currency for the five nation bloc of developing economies, according to the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev.

During the BRICS Summit in Xiamen, Dmitriev told journalists that Brazil, Russia, India, China and South Africa could develop its own alternative to other payment tools.

“While there is a focus on settlements in national currencies, cryptocurrencies are also being discussed as one of the possible settlement mechanisms,” Dmitriev explained.

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Dr. Paul Craig Roberts: Washington Launches Its Attack Against BRICS

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Washington Launches Its Attack Against BRICS — Paul Craig Roberts:

Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff.

Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that the vulture funds had bought for a few pennies on the dollar. http://www.theguardian.com/world/2014/jun/27/us-vulture-funds-argentina-bankruptcy These vultures were called “creditors” who had made “loans” regardless of the fact that they were not creditors and had made no loans. They were opportunists after easy money and were used by Washington to get rid of a reformist government.

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Dr. Paul Craig Roberts: World War III Has Begun

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

World War III Has Begun — Paul Craig Roberts:

The Third World War is currently being fought. How long before it moves into its hot stage?

Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being destabilized with fabricated political scandals. Both countries are rife with Washington-financed politicians and Non-Governmental Organizations (NGOs). Washington concocts a scandal, sends its political agents into action demanding action against the government and its NGOs into the streets in protests.

Read moreDr. Paul Craig Roberts: World War III Has Begun

The IMF Just Entered The Cold War, Forgives Ukraine’s Debt To Russia

The IMF has now been drawn into the U.S. Cold War orbit. On Tuesday it made a radical decision to dismantle the condition that had integrated the global financial system for the past half century… By doing so, it announced its new policy: “We only enforce debts owed in US dollars to US allies.”


French Economy Minister Christine Lagarde speaks during a news conference in Riyadh

The IMF Just Entered The Cold War, Forgives Ukraine’s Debt To Russia:

On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying:

“The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.”

Since 1947 when it really started operations, the World Bank has acted as a branch of the U.S. Defense Department, from its first major chairman John J. McCloy through Robert McNamara to Robert Zoellick and neocon Paul Wolfowitz. From the outset, it has promoted U.S. exports – especially farm exports – by steering Third World countries to produce plantation crops rather than feeding their own populations. (They are to import U.S. grain.) But it has felt obliged to wrap its U.S. export promotion and support for the dollar area in an ostensibly internationalist rhetoric, as if what’s good for the United States is good for the world.

Read moreThe IMF Just Entered The Cold War, Forgives Ukraine’s Debt To Russia

Who’s Really Isolated? Iran Set To Join BRICS Bank, Strengthen Ties With Brazil

Who’s Really Isolated? Iran Set To Join BRICS Bank, Strengthen Ties With Brazil:

On the heels of the nuclear deal and Tehran’s ground operation in Syria, Iran is stepping up efforts to prove that contrary to Western rhetoric, it is not in fact “isolated.” According to the country’s economy minister, Iran is now set to join the BRICS bank and step up its cooperation with Brazil. This is symptomatic of Washington’s waning ability to exert American influence on global affairs both political and economic.

$100 Billion BRICS Monetary Fund Now Operational (Video)

Published on Sep 6, 2015

Description:

The $100 billion BRICS Contingent Reserve Arrangement (CRA) has become fully operational following the inaugural meetings of the BRICS CRA Board of Governors and the Standing Committee in the Turkish capital of Ankara.

Read more$100 Billion BRICS Monetary Fund Now Operational (Video)