De-DOLLARization world-wide

Russia's financial system can meet borrowing needs of budget, companies - Siluanov
Interfax

RT
@RT_com
·
11 h
Russia-India exports: 75% paid in rubles
Russia-China transactions: 37.6 % in euros, 9.6% in rubles

https://www.rt.com/business/465806-russia-dollar-dump-trade/

Branding China 'currency manipulator' will not merely inflict serious harm on the international financial order and lead to turbulence on the financial market, but will also significantly hinder recovery of the global economy and international trade. The US will eventually bear consequences of their actions - the People’s Bank of China

"Such unilateral behavior of the US undermines the multilateral consensus on key currency issues," the People’s Bank of China noted. "China urges the US to return to the right path and be fair," the statement added. "In its turn, China will continue focusing on the floating exchange rate mechanism, keeping the rate of the yuan against the dollar at a reasonable and balanced level," the bank noted.

https://tass.com/economy/1072235

Sanctions limit access to external resources, but Russia is focusing on internal ones - Oreshkin
Interfax

Second major Turkish bank begins accepting Mir cards
Interfax

U.S. sanctions won't hurt Russian Eurobond market, banks have enough FX to bid for new offerings - CBR
Interfax

TURKEY GOT $1B WORTH OF FUNDS FROM CHINA SWAP DEAL IN JUNE
https://twitter.com/zerohedge/status/1159809783265935361

Gold Is At An All-Time High In 73 Countries
https://twitter.com/zerohedge/status/1160631976380047360

Enrico Ivanov ‏ @Russ_Warrior · 59 sek.
Exclusive.
#Russia's Rosneft to switch to euros in oil products tenders.

https://uk.reuters.com/article/uk-russia-rosneft-tenders-euro-exclusive-idUKKCN1VB1AH

About DOW-Jones today, I watched the last minutes real time as someone struggled to push it ca. 100 Points upward. Before that it was -2,81 %. It went like crazy for around one or two minutes.

former Goldman banker and current (outgoing) BOE governor, Mark Carney, who in his lunchtime address laid out a shocking, radical proposal - perhaps the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency in a dramatic revamp of the global monetary, financial and economic order.
https://www.zerohedge.com/news/2019-08-23/unprecedented-shocking-proposal-boes-mark-carney-urges-replacing-dollar-libra


the central banksters panicking ...

Enrico Ivanov
@Russ_Warrior
·
8 m
#China and #Russia edge closer to drastically reducing #US dollar reliance with Moscow set to launch first yuan denominated bond.

https://www.scmp.com/economy/china-economy/article/3026042/china-and-russia-edge-closer-reducing-us-dollar-reliance

Ban on forex settlements within Russia will ideally remain sole currency-control restriction - Moiseyev
Interfax

RU MinFin says needs to understand whether borrowing in USD possible in light of new sanctions
Interfax

Germany to Ban Facebook’s Libra, Create State Blockchain:Spiegel
https://twitter.com/zerohedge/status/1172511568002801670

Russia geared towards borrowing abroad in currencies other than USD in years to come - MinFin
http://www.interfax.com/newsinf.asp?id=927165

RZD preparing franc-denominated Eurobonds, roadshow to begin Sept 24 - source
Interfax

Slovak bro, what happened with the petroyuan? When China launched it I read it was a big deal and that the end of the petrodollar could be soon, but haven't heard anything about it since.

E-V13 wrote:Slovak bro, what happened with the petroyuan? When China launched it I read it was a big deal and that the end of the petrodollar could be soon, but haven't heard anything about it since.

Hey, I just keep sharing news when reading them, no big investigation on my side. My opinion, technically everything has been in place for some time ... the timing of the decision to walk-away from the U.S.dollar system going to be political choice, only Putin and Xi know the right time.

Ian56
@Ian56789
·
24 m
Top 5 countries opting to ditch US dollar & the reasons behind their move.
There have been 6 Global Reserve Currencies during the last 600 years. How many can you name?
The U.S. Dollar is nearing the end of it's reign
https://rt.com/business/447915-top-states-ditching-dollar/

U.S. destroying dollar as int'l currency - Putin
Interfax

Madalina Vicari
@v_madalina
·
3 h
Important
#Rosneft has set euro as the default currency for ALL its new export contracts : crude oil, oil products, petrochemicals, #LNG

*Worthy of mention
Brussels & Moscow have been working to expand role of euro & rouble in energy transactions 1/

https://www.reuters.com/article/russia-oil-rosneft-euro/update-1-russias-rosneft-seeks-euros-for-all-new-export-deals-documents-idUSL5N26O30S

the dollar will eventually get overpriced and turn into a bubble, and then the veteran investor, who founded the Quantum Fund with billionaire George Soros in the 1970s, will sell.
“I’m not very good at market timing but I would expect it to be in the next period of turmoil, which will be coming in the next two or three years,” Rogers said. The dollar headwinds are numerous he says, given such factors as the U.S. is “the biggest debtor nation in the history of the world,” and countries such as China, Russia and Brazil are hard at work to find an alternate international currency.
Rogers says he’ll switch to the Chinese renminbi and/or gold when he senses it’s over for the dollar. But he doesn’t own any U.S. stocks, and is only really interested in Russian equities. That is as he’s still predicting the “worst bear market in my lifetime.”
https://www.marketwatch.com/story/the-dollar-is-doomed-but-may-pay-off-when-the-next-bubble-takes-hold-warns-jim-rogers-2019-10-07?mod=hp_markets

Mastercard, NPCS agree to develop international transfers via Express Payments System
Interfax

http://tadviser.com/index.php/Company:National_Payment_Card_System_(NPCS)

“We have a very good currency, it’s stable. Why not use it for global transactions?” Russian Economy Minister Maxim Oreshkin said in an interview with the Financial Times on Sunday. “We want (oil and gas sales) in roubles at some point,”
https://www.zerohedge.com/economics/russia-considers-energy-exports-euros-roubles-putins-de-dollarization-continues

a new gold pricing mechanism that is operated by the Shanghai Gold Exchange instead of COMEX in Chicago and New York or the LBMA in London.

China started something when they opened the Shanghai Gold Exchange where physical gold is traded to a global market. Russia began trading gold futures on the Moscow Exchange which was followed by China and Russia announcing they would open the BRICS Gold Exchange to assist the other members of the BRICS alliance to acquire more gold. This was followed by India stating they would be pursuing a gold spot exchange market and next up is the United Arab Emirates (UAE) announcing they, too, are going to open a physical gold trading platform. WOW! That’s a lot of physical gold changing hands on a daily, weekly, monthly and yearly basis.
https://www.zerohedge.com/commodities/china-russia-brazil-india-and-now-uae-everybody-wants-gold-trading-platform

"... that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion; when we’re back at zero; when we’re back in a recession … nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it’s going to take the bond market with it and we’re going to have stagflation. We’re going to have a deep recession with rising interest rates - Schiff

Schiff: The Fed facilitated the 2008 crash by pushing rates artificially low in the wake of the bursting of the dot-com bubble. … The problems of 2008 were caused by an excess of debt. Artificially low interest rates encourage borrowing. After the financial crisis, the central bank doubled down. Now that the Fed has encouraged all of this debt, there is no way it can allow interest rates to rise.
https://www.zerohedge.com/markets/peter-schiff-fed-will-try-again-its-not-going-work

On GLP there was "Saddletramp", he wrote about what would come in 5 (?) big articles "The Grand Finale", as far as I can remember he was meinly right about it. I dunno if I have saved this text on my laptop or my old PC. Last time I looked there I could only find one Part of it.

Saddle seems to have some probs there too after he started to be against Trump.

Böhse Tante wrote:On GLP there was "Saddletramp", he wrote about what would come in 5 (?) big articles "The Grand Finale", as far as I can remember he was meinly right about it. I dunno if I have saved this text on my laptop or my old PC. Last time I looked there I could only find one Part of it.

Saddle seems to have some probs there too after he started to be against Trump.

I do not remember him or the articles, you could post them on ZLP in a new thread again. For my part I see the U.S.+ GB politics has been all orchestrated, only sheeple cannot see it. All opposition has been controlled, the perks of the 2 party systems

I do not want to discuss it widely, only as info, before it gets deleted too. I'm not an expert on economics and finance, stock market and such, but I found it an interesting view on it.


The Grand Finale Pt. I: Here Is What Is About To Happen To You...An Economic Love Story, or Fifty Shades of Green?

https://www.godlikeproductions.com/forum1/message2231767/pg1

Re: The Grand Finale Pt. II: Behind The Green Door...

https://www.godlikeproductions.com/forum1/message2410016/pg1

The Grand Finale Pt. III: Janet Does Davos (latest update p. 195)

There are only 161 pages left!!!

https://www.godlikeproductions.com/forum1/message2482412/pg1

Somewhere is mentioned one other Part that seems got deleted completely.

Some other threads about the topic:

The Grand Finale: We Are Now Witness To The Death Throes of Fiat! Renewed Relevance Because It's On Like Donkey Kong!!!

https://www.godlikeproductions.com/forum1/message2327919/pg1

Re: The Grand Finale: An Economic Love Story, The Video Series...

https://www.godlikeproductions.com/forum1/message2245475/pg1