EMerging Equity
SWIFT
Why NATO Is Terrified Of Russia – OpEd
By Pepe Escobar The twin-pronged attack – oil price war/raid on the ruble – aimed at destroying the Russian economy and place it into a form of Western natural resource vassalage has failed. Natural resources were also essentially the reason for reducing Iran to a Western vassalage. That never had anything to do with Tehran developing … Continue reading
Strategic Moves: Russia, China, And Iran Are In Sync
By Pepe Escobar Over past decades, the pre-fabricated myth of an elusive “Iranian bomb” was never the real issue between the US and Iran; the issue was how to subdue – or “isolate” – a powerful, independent nation that refused to toe the exceptionalist line. Now that the “rehabilitation” of Iran – at least for some … Continue reading
China-Led New Silk Road Meets Russia-Led Eurasian Union
By Pepe Escobar, Sputnik News Any – exceptionalist – wishful thinking that Russia and China will abandon their solid “win-win” strategic partnership, fully crafted to their mutual national interests, was dispelled by a crucial visit to Moscow by Chinese Foreign Minister Wang Yi. In Moscow, Wang stressed both Russia’s Look East policy and China’s Go West … Continue reading
Iran Nuclear Deal Should Boost Economy, Yet Unknowns Remain
By Nader Habibi The framework nuclear agreement that was announced earlier this month by Iran and the so-called P5+1 calls for a substantial rollback in the country’s nuclear program in return for a lifting of sanctions. While no specific time table was mentioned, the preliminary agreement calls for the suspension and then lifting of international sanctions … Continue reading
UK And China Deepen Financial Links: London Launches Europe’s First Yuan-Denominated ETF
The UK has deepened its financial links with China on Wednesday and has become the first country in Europe to launch a yuan-denominated money market fund, which allows investors to gain direct exposure to China’s interbank lending market, Reuters reports. The exchange-traded fund (ETF) from China Construction Bank International — China’s second largest bank — will be domiciled in the … Continue reading
The War On Petrocurrencies
By Gulam Asgar Mitha U.S. Secretary of State Hillary Clinton in 2007 had supposedly asked ex-Australian Prime Minister Kevin Rudd “how do you get tough on your banker?.” This was over concerns about China’s growing power and hold on U.S. finances. According to Wikileaks, Rudd told Clinton to keep force as a last resort. Do … Continue reading
De-Dollarization: Chinese Yuan “Clearly Belongs” In SDR Basket, Lagarde Says
International Monetary Fund (IMF) Managing Director Christine Lagarde said on Sunday that the Chinese yuan “clearly belongs” in the Special Drawing Rights (SDR) basket and that the IMF would work with China to that end, Bloomberg reports. “Timing is something that we will be discussing amongst ourselves but I think we welcome this introduction,” Lagarde said. … Continue reading
U.S. Weighing Expulsion Of Russia From SWIFT Interbank Payment System
The U.S. Treasury Department is still evaluating and discussing the impacts of expelling Russia from the SWIFT interbank payment system, U.S. Treasury Assistant Secretary for International Finance Ramin Toloui said at a U.S. Senate Foreign Relations Committee hearing on Tuesday. During the Committee hearing, U.S. Senator Marco Rubio asked the panel that if Russia was to violate the Minsk Protocol, what the … Continue reading
De-Dollarization: China Is Now Advertising The Renminbi As The ‘New World Currency’
By Michael Snyder The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what … Continue reading
Russia’s Domestic Banking Payment System, A Rival Of SWIFT, Now Includes 91 Banks
The Russian Central Bank now has 91 banks that will participate in the nation’s domestic banking payment system, a rival to SWIFT, Sputnik news and RT report. SWIFT (The Society for Worldwide Interbank Financial Telecommunication) is a Belgium-based global organization that provides services and a standardized environment for global banking communicating that allows financial institutions to send and … Continue reading
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