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New Zealand signs on to join Chinese World Bank alternative

On Jan. 5, New Zealand became the 24th nation to sign on and join as a founding member the Asian Infrastructure Investment Bank (AIIB) which will act as an alternative to the Western run World Bank. The AIIB is a brain child of the new Chinese expansion in Asia, and will act in a duplicate function to to the IMF and World Bank, but without the forced austerity and political measures demanded from the Wester ...

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The day of the alternative monetary system has arrived courtesy of China

Beginning on Dec. 29, China will expand its direct currency swap lines to three more nations and also increase their bi-lateral currency trade with Russia as the Far East economy implements a growing alternative monetary platform that will involve 11 nations by the end of year. As China has become the world's largest economy, bypassing the United States earlier in 2014, the Asian power is also choosing to m ...

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Now the world’s largest economy, China has its sights set on being largest banker

According to the IMF, China surpassed the United States as the world's largest economy earlier this year.  However, the fact of the matter is that China has outpaced American output for quite a few years now, and the only reason that the U.S. remains in the upper tier of economic powers is due to their debt based economy that counts consumer and government spending as close to 80% of their annual GDP. But e ...

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Russian Rouble is the battleground for two economic empires

For most of the year, China has relegated itself to being a neutral observer in the proxy war of sanctions being waged by the U.S. against Russia and the Russian currency.  But last week, after Congress passed a new war-mongering resolution and Europe decided to continue standing with Washington in the game of sanctions, China finally entered the conflict by unequivocally stating that they not only stand wi ...

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Direct sanctions not enough as U.S. attempts to squeeze Arabs and Chinese over Russia

America's proxy war against Russia took an interesting and aggressive turn as on Nov. 26, Andrey Kostin, head of Russia's second biggest lender VTB, stated that he received news at a German conference that the U.S. is attempting to put pressure on Chinese and Arab banks who currently do not follow sanction demands imposed upon the Eurasian state by the Obama administration to squeeze Russia to capitulate to ...

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Shanghai gold exchange open for business

If there is one reality that has come to pass in the Western banking system, it is that it has been proven to be near impossible to fight the Fed, and to bet against the trillions of dollars in printed money the central bank can and has infused into asset markets to keep them at record all-time highs.  So with this in mind, the only way to break to break the stranglehold of the banking cartel is not to atta ...

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Chinese IPO becomes 11th largest company in U.S. on opening day of trading

On Sept. 19, the Chinese version of Amazon.com opened from trading on the NYSE a day after going public in a record setting IPO.  Alibaba, which was built from the ground up by former school teacher Jack Ma, quickly flew from its IPO price of $68 per share to a whopping $92.30 at the time of the opening bell. Closing the day around the same price, Alibaba has a market cap of right around $230 billion, and i ...

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China and Russia complete next major deal to end dollar domination

A few months ago, Russia and China completed a historical energy agreement worth nearly $400 billion that would allow for remittance in either Yuan or the Ruble, and create the first direct blow against petro-dollar hegemony in the 40 years that it has reigned as the global reserve currency. And in light of America's continued efforts to isolate Russia, and attempt to destroy their economy through petty san ...

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Housing growth? Try Chinese takeover of U.S. real estate

The propagandists at the Bureau of Labor Statistics (BLS) and the Federal Reserve would like to make Americans think that the economy is in recovery and that housing prices are rising again because of it.  But this is far from the truth.  In recent studies, over 60% of all home sales are being purchased with cash, and a whopping 80% are being sold sans a mortgage in certain geographical areas.  And with so ...

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Fed (USA) 1 Germany 0: Eurozone leader gives up on getting its gold back from central bank

Under growing public pressures, Germany had called for a repatriation of their offshore gold reserves being held in French, British, and U.S. central banks back in 2012.  However, because the Fed claimed 'logistical' issues in delivering it back to them, the Eurozone leader had to accept a seven year shipping schedule from the U.S. to ever have it returned.. And now, on June 23, Germany suddenly appears to ...

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China forms new trade agreement with Britain outside the dollar

It seems almost to be a daily occurrence now that both Russia and China are finalizing new trade agreements with nations that will facilitate the use of their own currencies in trade settlements, and bypass the dollar system that has stood for more than 40 years.  But on June 19, this trend ratcheted up to a whole new level when China signed a deal with America's biggest ally Britain that will allow direct ...

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Economic sanctions by U.S. will increase flight away from dollar

A week after Russia and China signed off on the world's largest energy deal in history, more Russian companies are seeing the East as the future of business, and this primarily includes trusting in the Renminbi over as the currency of choice. And in a recent report on the shift away from the U.S. and the reserve currency, Russia is using economic sanctions as justification for the move, and are set to incre ...

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