EMerging Equity
SWIFT
The “Empire Of Chaos” Strikes Back Against Brazil, Russia, And China
By Pepe Escobar Soon after the impeachment motion against President Dilma Rousseff was approved in the Brazilian Congress by what I chose to call Hybrid War hyenas, President-in-Waiting Michel “Brutus” Temer, one of the coup’s articulators, dispatched a senator to Washington as special paperboy to deliver the news on the coup in progress. The senator in question … Continue reading
The Collapse Of The Western Fiat Monetary System May Have Already Begun
By Peter Koenig On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US … Continue reading
The New Global Financial Cold War
Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the … Continue reading
The IMF Changes Its Rules To Isolate China And Russia
By Michael Hudson A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation … Continue reading
China Carefully Moving to Displace Dollar
By F. William Engdahl While Washington seems obsessed with trying to humiliate China’s President Xi Jinping and make him lose face, sending warships into Chinese territorial waters in the South China Sea just days after Obama’s White House meeting with President XI, and other provocative acts, Britain’s government is taking advantage of the growing cleft between … Continue reading
De-Dollarization: Global Yuanization Is One Step Closer, Thanks To London
The Government of China promotes the internationalization of “the people’s currency” (‘renminbi’) through a policy of alliances that does not take ideological barriers into account. In a first moment the diplomatic forces of the yuan were concentrated in the Asia-Pacific, but in a second moment, it became necessary to gain the support of the West. … Continue reading
Russia Precipitates Abandonment Of SWIFT International Payments System By BRICS
By Ariel Noyola Rodríguez After the reintegration of Crimea in Russian territory, the United States has pressured regulatory authorities of the European Union to restrict the access of Russia to SWIFT, the system of international payment founded by 200 Anglo-Saxon banks in the decade of the 1970s. In response, the government of Vladimir Putin has established … Continue reading
China Launches Global Yuan Payment System
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance. The establishment of CIPS is an important milestone in yuan internationalization, providing the infrastructure that will connect global yuan users through one single … Continue reading
Chinese Yuan Emerges As World’s Fourth Most-Used Payments Currency
China’s yuan has emerged to become the fourth most-used currency in the world for cross-border payments in August, according to a report published by global transaction services organization SWIFT (The Society for Worldwide Interbank Financial Telecommunication). For the first time ever, the yuan has moved ahead of the Japanese yen, and rose to its highest ranking ever, despite devaluations from its Central Bank. There was … Continue reading
Russia, China Deepen Stock Exchange Ties
Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading
Follow Us On Social Media
Our Discussion Groups
Our Social Media Readers
