Tags » Yuan

Don't bet on a real appreciation of the renminbi

It rarely happens, but Scott Sumner and I do sometimes disagree on something.

Not surprisingly this time it is on a (mostly) non-monetary matter – the long-term outlook for the Chinese economy. 1,307 more words


The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

Source: zerohedge

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; … 329 more words

Financial/Societal Collapse And Dependence

The Nail In The #Petrodollar Coffin: #Gazprom Begins Accepting Payment For Oil In #Rouble, #Yuan

Zerohedge runs a story summarising what is known about the coming de-Dollarization of energy trade, the end of the Petrodollar.

Several months ago, when Russia announced… 838 more words


The BRICS Bank: Next Stop On The Road To World Currency

(Above/Left: For the time being, China still allows Putin the center position.)

Far from being ‘the end of the NWO’, the ongoing decline and coming collapse of the US Empire and its Petrodollar are the¬†Money Power’s key goal in her age old drive to World Government. 3,079 more words

Money Power

Di economia, canguri e funghi atomici

Lo so che tra uno sfogo e l’altro faccio passare un po’ di tempo, ma…

Dialogo realmente avvenuto con una collega cinese, ieri pomeriggio:

“Lo sai, qui in Cina la vita e’ carissima” Mi fa. 208 more words


Dan Collins: Ghost Cities in China Disappearing

Financial/Societal Collapse And Dependence

motherbarbarian reblogged this on Revolt of the Barbarians and commented:

Very informative radio interview with Dan Collins, an American who has lived and worked in China for 15 years. Great overview of current world economics. From the show: Until we get our manufacturing jobs back, we are not going to have a real ecomony. You have to be able to produce some good-sized portion of what you consume. Right now, we just consume, consume, consume, all based off of printed money and we have no real economy. Per capita, China is leading the United States in online purchases. Inflation is worse in China now than in the U.S., which is why the gov has engineered a slow down of the economy. China has owned Africa for 10 years now.

From Zero to Hero

by Natra Van Chau

Recently, while watching a video dealing with currency exchange rates and international trading, it occurred to me that I was not very knowledgeable about the economic systems of the countries America has dealings with. 1,196 more words