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"Isolated"? China Officially Offers Help To "Irreplaceable Strategic Partner" Russia
Just a week ago we detailed how China was preparing to bailout Russia's liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying; and Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia. The Global Times (mouthpiece for the Comunist Party) wrote in an editorial this weekend, "Russia is an irreplaceable strategic partner on the international stage." Isolated?
A week ago we noted the movements and tone from China suggested a 'bailout' was coming for Russia, and it appears the market is starting to realize that Russia is not so isolated...
It seems CNBC and the mainstream media are oddly quiet about the 31% surge in the value of the Ruble in the last 6 days...
Which is not entirely surprising as, for those who have forgotten who the BRICS are, aside from a droll acronym by a former Goldman banker, here is a reminder of the countries that make up 3 billion in population.
China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying in Bangkok in a Dec. 20 report by Hong Kong-based Phoenix TV. Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, according to the broadcaster.
...
“Many Chinese people still view Russia as the big brother, and the two countries are strategically important to each other,” said Jin Canrong, Associate Dean of the School of International Studies at Renmin University in Beijing, referring to the Soviet Union’s backing of Communist China in its first years. “For the sake of national interests, China should deepen cooperation with Russia when such cooperation is in need.”
De-dollarization continues...
China and Russia signed a three-year currency-swap line of 150 billion yuan ($24 billion) in October, an agreement that can be expanded with the consent of both parties. The People’s Bank of China published a chart detailing how such an agreement works in a microblog dated Dec. 19 and the official People’s Daily newspaper said today that the explanation was provided to address concerns the nation could suffer losses if Russia used the facility to obtain funds.
“As all we pay out and receive in return are renminbi, we don’t have to bear exchange-rate risks,” the PBOC said in the microblog, using an alternative name for the yuan. The swap amount can be adjusted to allow for changing circumstances and prevailing exchange rates, rather than pre-determined, are used, it said.
China is promoting the yuan as an alternative to the dollar for global trade and finance and the PBOC has signed currency-swap agreements with 28 other central banks to encourage this. The nation’s foreign-exchange reserves of $3.89 trillion are the world’s largest and compare with Russia’s $374 billion.
And Russia is not so isolated after all...
“Russia is an irreplaceable strategic partner on the international stage,” according to an editorial today in the Global Times, a Beijing-based daily affiliated with the Communist Party. “China must take a proactive attitude in helping Russia walk out of the current crisis.”
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We have always been at war with Eastasia.
The Neocons live in a dream world of a 'final solution' -- world hegemony. Maybe, perversely, they got the idea from Hitler. Either way, it's completely natural for China and Russia to find one another today. Tomorrow? Tomorrow will be a different day with its new realities.
What 'the leadership' worldwide needs to do is to cool out, before they blow the whole fucking thing to smithereens trying to 'save' it.
The whole thing was manipulated BS anyway. Was anyone actually able to acquire RUB at 70?
Russia will default on US Dollar and switch to Yuan financing in 2015.
China will follow by requiring yuan payment for all exports, no us dollar accepted.
The Dollar will become worthless within the decade. So will the European currencies.
Russians would never fail to pay debts which are tied to contracts. The Russian people and their leaders are honest and would never and have never not kept their word. The most dependable nation on earth. This is why they are a bastion of free enterprise and one of best places in the world to conduct international trade. I mean don't you all have the majority of your wealth held there?
This could be seen as more BRICs integration. Do the BRICs need anything from the non-BRICs? They are a world unto themselves.
A world unto themselves, aka Standard Mercantile Empire. Colonies to produce raw materials in trade for manufactured goods and financing from the mother country. But the problem with this model is that it gradually excludes the penetration of foreign ideas and technology-- already largely cut off from China due to its kleptocratic nature towards foreign intellectual property.
China allows importation of goods only if it cannot manufacture them for itself and only until it attains that capability, at which point the imports cease abruptly.
If you like your extraction colony, you can keep your extraction colony.
Sorry to disappoint, but this is EXACTLY how America built its own economic strength in the beginning. It's called "protectionism", as in protect your own market. When you are the most important manufacturer in the world, you can do whatever the heck you want. By the way, Japan's market is equally protectionist, you couldn't sell a toothpick made outside. Somehow, I don't hear too many people in North America complaining about it... that's probably because they are the "good guys" (and buy our debt hand over fist...)
Fact is, the alliance between Russia and China is a monkey wrench into the NWO plans and, in due time, it will be the death of it. Meanwhile, our leaders are stupid enough to push everybody into an open conflict with those people (who did us nothing), a conflict that we will lose, while our people still bang a brick to their chest chanting "we are the best 'cause we are so fucking exceptional" ! Well, good luck to everybody with that strategy.
Finally, the IP concept is nothing but an intellectual scam, and people (finally) are starting to realize it. You cannot protect knowledge from spreading, and condemn the rest of the world to ignorance in perpetuity, just because you've been the first to think at something. You are either capable of MAKING the real thing, or not. The Chinese have a very pragmatic approach, while the West is fighting the windmills of "intellectual property". You could as well fight gravity, with legislation...
Currently the the world is US colony. And in times of Roman empire almost the entire known world was Rome's colony (simply they force their ways on others and killed millions).
We know how that ended.
The empire began collapse on its fringes, now the fringes are the BRICS countries which are on breakaway course.
ignorant post
You need talk to this guy:
Windows to Russia
http://windowstorussia.com/russia-my-true-cost-food-dec-22nd-2014.html
GrumpyBear is ZH handle
international trade? US consumes more than it produces..
Maybe right but not about what payment they will accept. The Chinese would cease to exist without Americans buying their shit. Period. No way around it. We have gutted our manufacturing in search of profit. Think about it. We are the biggest consumer they have.
Dreadfully, it may end without much forethought, but that is a different story. In the meantime, the Chinese will not waiver in terms of payment. Not even an option.
It's the biggest quid pro quo in history.
Lets see the retail figures in Jan.
That market may have vanished anyway.
The Chinese just need to print yuan and they'll instantly have a consumer base.
Americans are a dead people that history is about to run over.
Thats exceptionally true, but the timing is tricky for us mortals still here.
The US just happens to be the highest bidder for Chinese goods, at the moment.
You just said it all, we are CONSUMERS. Nothing more than that, the chineese has been flooded with dollars now we cant redeem for nothing because we are CONSUMERS, WE DONT PRODUCE.
Well, that is not exactly right. We still produce a lot of products the world wants, and we could produce anything we wanted to IF our leadership put Americ'a best interest ahead of their next re-election cycle.
As for China, those container ships have to loaded and the goods shipped somewhere. It is complicated, but they are not self sufficient in raw materials, and there is still no market like the American market. Things may not be a sweet as they once were for Chinese imports in the U.S., but they aren't very good in the EU either, and that is China's other BIG export destination. These 2 markets keep the lights on in China. Or, maybe I should say they keep the Chinese government in power. Without them, factories suffer mass closure and peolple will get hungry fast, and anyone who spends time in the interior knows.
You are mistaken, and repeat the propaganda of faux news.
Why China to supply their products to the United States for free?
I mean the supply of goods in exchange for a debt that can never be paid.
In this case, it will be easier for China to distribute these products to its Chinese population free of charge.
Think about it.
When all those dollars vacate Russia, and come home, we'll be awash in worthless paper.
Through the years, hegemonic powerhouses have 'Baggard thy Neighbours', such as France, the British and now the USSA. It was but 150 years ago that the world changed into a globalsphere?
The Russian Empire, Ottoman Empire, and Qing Dynasty were all on the cusp of collapse. They refused to modernize as the west had done and remained backwards for many a reason.
I'm only going to use the Ottoman Empire of the three, as an example... bringing home my POV!
Too the point, the Ottoman Empire defaulted on its foreign debt in 1875. What brought this about was the 'capitulations' granted foreign enterprise (muslim and non- muslim) in which the British (mostly) and French, etel., sucked the country dry?!? Between 1858-[*1860]-1863 the Ottoman's were forced to withdraw its paper money from circulation and adjust its currency to the Int'l Gold Standard which was to be officially set-up in 1875 (mammoth colonial power it was). Well guess what? The Ottoman's defaulted on their foreign debt in 1875! So what do the British and Frennch do, but... set-up a 'Central Bank' to legally fuck the 'Turk's' who could never pay back the 200 million pound loans. The Ottoman Empire was now their BITCH, moar or less unless they thought going to war was a better alternative?
Under the 'Decree of Mouharrem', negotiated in 1881 with the newly formed (PDA) 'Public Debt Administration (PDA's demise came in 1928?). What the Ottoman Empire had morphed into what was to be known as the 'Sickist Man of Eurasia'! This marked a crucial historical turning point in the Ottoman's State, and the balance of power in Eurasia (Note that Russia and China were imploding simultaneously?)!
The Ottoman's virtually relinquished much, if not all of their economic sovereignty. They were indebted to foreignors and coudn't defend themselves even from Russia if and when Russia encroached once again upon them (no money to even put aside even to pay for its once great army defending them, WTF)!
Now, this is where Russia would be today if not for their hindsight of the past regarding free-democratic-capitalism fascism??? American-style 'Exceptionalism'...[?]
Ref:/ Note:/ This is how the British and their Central Banks`tangent cut, or better said 'tandem-uni-bifurcation'[?] with their brain inbred`child, this abomination-- YES, the convenience of having a monopoly, holding all the world's 'GOLD'[---] This Int'l. Gold Standard which came to America via the Illuminati and Atheist Learders of the Tribe...[?] to create our FIRST Bank? Bonus: http://en.wikipedia.org/wiki/Abdul_Hamid_II (*think abandonment?)
http://en.wikipedia.org/wiki/Decree_of_Muharram
http://en.wikipedia.org/wiki/Ottoman_Public_Debt_Administration
http://en.wikipedia.org/wiki/Beggar_thy_neighbour
http://en.wikipedia.org/wiki/Russo-Turkish_War_(1877%E2%80%9378)
jmo
If by isolated you mean half the worlds population thinks your the greatest hope of standings up to an American Empire gone mad, then yep we got them right where we want them!
Was not Hitler idea. Germany was fight against it.
Very old idea. Since Babylon at least.
Heheheh, merry Christmas ZH & members.
Come into my parlor said the spider to the fly.
The US said to Europa
Russia WILL and DID handle this crisis alone. In fact, China was a bit distressed that VVP did NOT ask them for assistance so they publicly reached out. I do think it's great that they're backing Russia, but I think we got the best of both worlds here with Russia making it out of the crisis alone and China standing by to help just in case.
if a country is united behind their leader, they can handle any crisis, period.
Here is something else purloined from RT...
MH370 was 'shot down by US military', claims former French airline bosshttp://rt.com/news/216675-mh370-shot-down-us/
how do u say "Fuck of America" in Mandarin???
and "How u like us now?" in Russian...
Ruan, maybe gold backed
I prefer the yuble.
most people here saw this coming but the braniacs in d.c. probably didn't
The "braniacs" in dc still don't after the fact.
Prepaying for gas in UST's(discounted price of course) is always the big bazooka,if
that doesn't work.
DC just can't think outside the 1980's box, its most definitely not the 80's.
The exact opposite in fact.
China will not have the US controlling Russia any more than it wants the US in North Korea (which is the only reason it still exists) or Russia wants the US in Ukraine or the US wants China in Mexico.
This is not brain surgery nor complex diplomacy. It is as plain as the nose on your face.
Three billion people who need a dollar less and less every day. It warms the heart really.
I am Bob's complete lack of surprise. Thanks for the timely reporting, Tyler.
Vineyard of the Saker has a big paper on the Russian-Chinese 'Double Helix', which will become (IMHO) the face of 21st-century geopolitics.
20th-century UK/US/'Rothschild' Hegemon is fading fast.
ZH, you could do worse than feature this article on your site anytime soon:
http://vineyardsaker.blogspot.ca/2014/12/vineyard-of-saker-white-paper-c...
Yes, I'm pimping it here, but I found this paper extremely informative going into 2015, and it provides background for this news today. Recommended reading, if anyone is looking for some.
https://www.youtube.com/watch?v=TVkhg0cjw0U#t=530
China has a foreign minister named "Wang Yi?"
Let's get it on!... To you boys in the U.S. military that will of course start it...
Get a good warm up!... Cause you definitely don't want to pull a hammy!!!
Great video documentary.
And while I have a great deal of admiration and respect for this ex-Marine for what he has done especially his contribution on the Mavi Marmara in speaking truth to 9/11, I don't believe his counterparts either active or veteran carry the will, the guts, and more importantly the soul to end it by standing down like a pfc Manning or collectively ensuring Washington and Tel Aviv is put out of "commisssion for good"!
The only way this World will survive is if the American military does one or the other!
.
http://atimes.com/atimes/China/CHIN-01-171214.html
FX is a BOP (Balnace of Payments) where the cashier has been pronounced DOA since 1971? http://en.wikipedia.org/wiki/Balance_of_payments#2009_and_later:_past_Washington_Consensus
Interesting read. And here is Canada stuck with it's temper tantrum neighbour to the South. Guess we are kinda fucked.
Harper is no light bulb either...
Truly ,would be more apposite.
i hope they don't bomb us too bad when the usa goes on its final trek into the valley of death trying to save what has already been destroyed.
this cannot end peacefully as a mathematical certainty.
We'll get our nuts snipped that's for sure. Look what we did to Japan and Germany after the big one. We'll not be allowed to have a military and our constitution will be revised.
If it comes to "hanging onto the words of Central Bankers", I choose the Chinese.
Because they are so honest?
They tend to be unambiguous liars and money printers. They know from experience where this is going.
In case some in the West have forgotten, Russia and China are right next to each other and have a geopolitical and cultural history.
Both had massive peasant populations ruled by Emperor's and Czar's, superseded by socialism/communism.
Both are now evolving away from socialism/communism, as Europe and the U.S. move toward it.
The future for all of us will involve new '-isms" that are not yet defined; however, Russia and China's geographic and cultural ties make them natural allies.
China-Russia partnership is the story of the decade, and maybe of the century. It began in 2008, and is still in its beginning.
Will it last? Will it grow? Will it succeed? Will it become as corrupt as the last World Order? Will it dissolve with globalism?
Anglo-American Hegemon century is over. The Empire dies screaming.
If history is our guide, we may all die screaming with it.
Can't argue with that, Bulldog.
We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
Whoever said that, understood the cost of war, and helped us understand that for some, many, of us it may cost everything.
"Both are now evolving away from socialism/communism, as Europe and the U.S. move toward it."
All I have to say is LOL.
If you don't know the major difference between neoliberalism and socialism/communism, it's high time you made up for your lost reading.
USA and EU State-sponsored capitalism is the very opposite of socialism/communism.
Why then every Marxist step in place?
"USA and EU State-sponsored capitalism is the very opposite of socialism/communism."
Quite a lot of people think that due to Western educational brainwashing. But it's not true.
You are referring to the USA & EU as corporatists or fascists which I'd agree with. But it cannot function without eventually introducing a police state as we see in the US today and in the UK, and I believe in Australia/Canada too.
So, how different is that from socialism/communism? They're all ultimately totalitarian with "the people" playing the role of subservient slaves working for the "state". Whether it's fascist or communist, it hardly matters when there's a jackboot on your throat.
The real opposite to all of those totalitarian despotisms is libertarianism supported by a solid Constitution owned by The People.
jmo
These BRICS I keep hearing aboout, where does the USSA fit in?
/sarc
Thats BRIICTS now.
The USSA gets to trade for bananas and cigars with Cuba - plus cock block Russian and Chinese interests and prevent Russian/Chinese defense resources being positioned just below Uncle Sam's testicles.
Hahahaha so who is going to bailout China when their party comes to an end (any day now....)
Not who. What will bail them out? GOLD. Thousands of tons of it.
It will help them, it wont save their economy from imploding under the weight of malinvestment.
It's an insurance policy against their own CB stupidity. They invented paper money and surely they know how this ends. Other CBs are starting to realize the same thing and it applies on a personal level also.
Lots of USD denominated debt in China.
What happens to it if the Chinese dump the USD in trade ?
They will be paying it back one cent on the devalued dollar.
Think outside the box, they are.
Lots maybe, but certainly nowhere near what most of their debt is demonimated in.
Thanks for the condescending "think outside the box" tip. You probably need to do a little more work on whats driven chinese growth over the last 10 years.
You're welcome, this is fight club after all.
Stick and stones....j
US dollar denominated debt and any related depreciation of the dollar hits whoever owns the debt, it could be the Chinese themselves.
"... during the last four decades we observe quite a radical transformation of capitalism which has been fully financialized. Together with the development of technology, this has created an extremely fast and deeply interacted, thus rather unstable, global system. The US capital was ready to conquer the world when suddenly realized that there was a sleeping giant that woke up and a bear that recovered from its wounds. The counter attack by the Sino-Russian bloc was something rather unexpected, with Russia using mostly its energy power and China using its workforce and rapid trading expansion."
http://failedevolution.blogspot.gr/2014/12/the-end-of-cold-war-10-inside...
About the only option left for the ZioCons is war.
They are fighting a two front battle as it is.
The western media and keeps this China enslaving Russia narrative all the time.
Is the idea of free and equal partnership is something a westerner is no longer (if ever) able to embrace?
Well, I closed my eyes and held my nose and bought Gazprom shares right after they increased the interest rate.
China probably does not want to involve itself in the USA proxy war on Russia, they prefer to stay in the shadows and profit wher they can. But in this case, perhaps China has no choice. We are well aware of the US stance to China, as far back as George Bush's early years as president, that administration openly proclaimed a policy of confronting China on all fronts. Obama came in vowing to pivot the bulk of the Amred Forces of America to Asia/Pacific with an eye to destroying China at some future date. Given the proven American goal of destroying China, I can see thay have no choice but to aid their one friendly nation to the north, their new supplier of choice of raw materials.
China could sit by and let NATO attack and finish Russia, making it a puppet state after splitting it into mini states, all with US governments ruling with proxies. But then China would stand alone! You can't fight alone, history proves that much.
China and Russia have a military alliance that stops short of a NATO like joint force. But the cooperation is growing in that direction. It stands to reason China would now help Russia deal with the coordinated attack on it's economy and currency.
One wonders, when the two leaders meet, do they not take a look at the US financial situation and debt crisis and money printing to infinity. Do they not look for where this Dollar system can be attacked and hurt on the financial markets and exchanges?
It's clear that the end game on Russia is fully underway. China is not stupid, when you have over 1,25 billion people, you can pick out a few pretty smart people out of that crowd and put their brains to use working out ways to respond to Dollar Hegemony. Right now, "Dollar Hegemony" gives the USA the power of leverage in the world that makes the USA nearly all powerful. Despite the fact that the USA spends 2 dollars for every 1 dollar of real wealth they create, and the government also spends 2-1 over it's tax base. The rest is made up by debt. In fact, Dollar Hegemony makes the USA twice as rich and powerful as it is in reality. TWICE!
Indeed. Backstopping Russia is in China's best interest, and they have already factored that in. The Wolfowitz Doctrine has both Russia and China as subservients, so this all stands to reason.
Unreported in West the ruble has steadily rallied back more than half its losses since last week's crash. Ruble/dollar now 54.4:1, was 80:1
Yes, this is unreported in the west! As is the growing proof, and I mean proof, that flight MH-17 was gunned out of the sky by two Ukrainian Air Force SU-25's. As the proof grows, the western media grows ever more silent. This story could expose the entire western media as a gang of complicit liars in league with Washington DC's State Department propagaanda offices.
is the yuan a proxy for the dollar or is the dollar a proxy for the yuan? since the yuan is inaccessable relatively speaking, is the dollar now the substitute? have the roles switched?
.
The Joy of Liberation!
edit: What happened to your text?
" China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying"
This is a wise bet. Fundamentally, Russia is in a sound position fiscally. Ultra rich in resources, totally energy indpendent, large energy exporter, minerals and forest products to infinity, vast under used agricultural areas. Large FX reserves, the west says 400 billion others claim 600 billion, a large gold reserve and working gold mines, all gold stored in Russia. 16% debt to GDP. Government spends without vast borrowing. Russia's domestic economy is under employed due to large imports from the west, this can now be developed as imports are either sanctioned or too expensive. Russia has a large and modern defense force, with perhaps the best missile force in the world.
China would be wise to cooperate, as Russia is a perfect fit for an economic partner. Russia's first choice for economic alliance was Germany. But the puppet American government in Bonn refused this opportunity. So second choice China is now the partner!
Is the USA perpared to take on China and it store of FX and treasuries? Where is that level at now 3 trillion? I know it's at the very leaset 2 trillion!
The biggest mistake of the Neocons was to declare China an enemy state and announce the Asia/Pacific pivot back in 2000. Remeber the spy plane incident, when CNN was screaming for an attack on China? Do you think China has forgotten the AMerican threats and the media campaign of wor mongering? You think they don't see the American Navy deploy to their front door? The Washington war mongers have vowed to strangle any nation before they can develop an economy to rival the USA. But it's to late. The combined economies of Russia/China, and they will now combine, under US threats, the two together are an economic force that can't be destroyed by American FX manipulation, using "Infinity Dollars".
The next move is to dump the USD, Jack.
They are ready to do it.All systems up and running.
They will choose the best time for them.
Its close though.
Winston, Indeed, in that event, timing is everything. The perfect moment must be chosen, because Washington and the Congress will go nuclear should anything cut into their spending power. Congress and President get to spend 2 times the revenues of the Government, all due to dollar hegemony. If they lose that spending power, they will go off the rails!
Like over Christmas, waiting on a new Congress to sit,whilst the President is on vacation ?
We're not privy to all the facts, but from the ones we have, now looks pretty good to me.
Anytime from now, basically.
sides have been taken. with modi onboard the bric, sco, asean alliance represent more than half the world's economy and 2/3 of the people. a bunch of brown people with the token white boy south africa(australia would be wise to join in but their fate is sealed). they have the financial structure in place for intra trade ex-west. the financial clout behind them will make the consumer west, ex-japan and germany, weak opponents as value dumps for their value added products.
the west will come begging for asia to throw a coupla crumbs after being crushed in a financial and shooting war initiated by the crazies in dc when they realize they have killed the golden goose.
This is going to turn out like me and my cable system.
I slowly quit watching cable until I turned it all off.
I did not miss anything.
Comcast certainly did. They made me an offer on faster Internet at 30% less IF I took one of their tv cable boxes home.
You see, they wanted to fool their investors that they are stemming the numbers of those that are leaving and cutting cord.
I know the truth. As do they.
The investors better watch their asses...
Both of them are on the same team. Team fascist (West+Japan+Aus) is screwed. The East will purge the cabal that has occupied the Western governments and used them as vassals for over a century and restore sovereignty for the Western nations and its people. Some will say its not in the interest of the East to do this but actually it is as when the criminals are removed, peace can be restore globally and sovereign nations can prosper, grow and trade without hidden agendas of a unified world. Yes, certain conflict will never go away, but they will be in the open and resolve. When you have a shadow government there is ZERO dialogue and only secrets lies and hidden plots. It won't be utopia, but it dame well better than the cabal screwing us all over!
So it is official... Putin is China's bitch.
Just so you know it is possible for marriage with equal partnership and no one will have to be the bitch, just as it's possible for two countries to work together in equal grounds and both can gain from it.
When has that happened when either Russia or China is involved?
When the US has had its hand in it? Never.
Just like US is Israel's slave.
@ Paging headCUNT
Are you receiving? Over!
Yes thank you i'm receiving, good and hard. Over.
from that chart above Mongolia better not piss off anyone, (population about 3 million.)
what will the zionutz do next? now that they have been thwarted again? will they learn how to play chess and/or go? or will they continue this silly child's game of checkers and dominoes?
wouldn't it be hilarious if putin wanted to be paid in yuan or rubles for his eurogas?
If the Germans get cold enough they will go take what they need from Russia. Deutscheland is overdue to invade it's neighbors. The Chenese will fuck Russia hard before it's over. They are not best buds. China also needs the USA as the #1 consumer of their plastic crap. It's a small world and like it or not we are becoming more interdependent. jmo
For Christ Sake send me your Bitcoin Wallet address so I can send you a Dollar. Then you can run off and buy a clue.
China needs the USA to buy plastic crap? How about the USA needs China for rare earths otherwise they will be flying by-planes in the airforce and communicating with tin cans connected by wires. What a Maroooon.
Currency and legal tender has always been the outward demonstration of political conquest.
2,000 years ago if you were in what is now modern day Palestine, you'd have had no other option but to use currency that had the imprint of the Roman Emperor of that time.
The Romans used currency - and their Emperors image on legal tender - to reenforce the sense throughout their captured territories the sense that "you people belong to us and your job is to serve us".
And each successive empire have used the same currency/legal tender methodology upon it's conquered people.
The economic war on Russia produces casualties in unexpected places. Due to a rapid transfer of energy export and dry goods imports to the ports of NW Russia, the Baltic ports and railroads, along with trucking firms are seeing collaspe of demand, all of these now run at a loss for 2013, and expect to finish 2014 at a bigger loss, going forward, 2015 should see the downward trends spike as all Russian trade is shifted to Russian Balitc and WHite Sea ports.
" after mutual sanctions, falling oil prices and dramatic growth of the euro against the ruble, the Russian exports and imports will fall dramatically, there will be no Russian shipping through the Baltic States, and no work for tens of thousands of Baltic railroad workers, truck drivers, and port employees."
Meanwhile Russian NW Ports what were running at 60% of capacity, are now hiring workers and ramping up to 100% and new capital will expand their overall capacity to handle all Russian import-export trade. Thus making the layoffs in the Balitc states of tens of thousands of highly paid port, railroad and rucking workers permanent.
When you are a tiny nation, with a big neighbor, and that neighbor allows you to service their bif trade shipping markets, does it make sense to sanction that larger neighbor? When the work for your transport businesses return million of Euros every month? Ask the newly unemployed in the Baltic states.
When Washington commands foreign leaders to obey, they seem willing to fuck their own people.
Yep, JB , a real kick in the Baltics.
May those stoopid fuckers learn the motherfucking lesson of all time when their sheep burn down their doors.
Closer and closer political alliance and integration with Russia is the order of the day for China...
But why? What does China get out of it?
Strategy.
China and Russia are geographically linked.
The Russian side of the border has the bulk of the natural resources China needs to continue development.
The closer their integration, right down to helping run facilities at no cost to Russia, the more easily they can simply continue to operate those facilities when Russia, due to one economic misstep or another, cannot continue to operate them.
The last time the Far East rose, Russia became a vassal state.
Russia's territory is large. It's population density in the East is small. But the resources are in the East.
Kudos to China for setting conditions to win the struggle for resources with a smiling face, and minimal violence.
No difference for Russia: yuan is the same dollar just with another name.
This is the same sort of meaningless declaration of solidarity and promise of future action that characterizes the pronouncements of the Eurobank. Fools the rubes totally yet doesn't commit the power brokers to anything at all.
Neither Russia or any other G20 country is isolated.....they are members in the CLUB
E.U. Asks Russia To Go Ahead With South Stream……Told Ya
Russia’s OMK Still Produces Pipes For South Stream
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When one member of the club keeps getting drunk at social events, and attacks the
other members, they are normally expelled.
Not talking about Russia or China.
Macro or micro, the rules are the same.
Look, Chinese have never been straightforward. They were saying they will support Siberian Strengh (new gas pipeline in Suberia to offset decline in European consumption of natural gas) and conditions were 25 bln pre-payment, than they refused to make this pre-payment. Let's wait and see, Chinese have always played smart and bargained to a maximum. The Russian Bear may not realize how strong and deadly may the Chinese Pythin embraces be.
I am running for the popcorn )) the show has begun
Poor Kimdogdungjill won't be able to stream porn today probably gona be a lot of heads that roll.
Good
China can look long term unlike HFT/nano-second Wall Street.
A country with Russia's resources is not going to have problems long term.
China and Russia are a match made in heaven:
Russia: Resources including energy, large nuclear arsenal and large military
China: Manufacturing and high tech. expertise
The dynamic duo!
That should rock the Washington fascist regime back a little bit, maybe, Obama will chill his finger on the trigger in the Free Ukraine war resolution with Russia.
Maybe, China just does not understand that the banksters NEED the war with Russia. Ha. Ha. Ha.
Russia doesn't need China to bail it out, Russia has ample reserves and income. This is more of a political anouncment to tell the West that Russia doesn't stand alone.
Gotta LARF out loud! When those mingy sheep in the Baltic's and surrounding hell holes lose their livelihoods with sPuncle Spam unable to foot even Ukie's BILLET.
Talk about shooting yourself in the foot, knee and bollocks with a slingshot.
Youz abandoned me Lurv don't live here anyMOAAAR.
Therefore, RUSsians will gradually worry less about the RUB/USD Trade and the availability of USD, since the CNY will be holding a larger role in the RUS and "Non-Five-Eyed" Economies abroad.
Take DEU for example - once they join in on the "New Silk Road" and possibly as an SCO Observer, there's less and less room for the USD to affect their Economy. As for the PetroDollar aspect, RUS is providing plenty via NordStream.
In a matter of years, the Silk Road/SCO Trade Advocates' Offers may be more appealing to the Masses than the War-Drum Yammering coming out from the NeoCon Vassals over in Brussels (EU/NATO).