Submitted by QTR's Fringe Finance
Since the beginning of Russia’s invasion into Ukraine early this year, I have been speculating that Russia and China are purposefully strengthening their alliance with one another to pose a challenge not only to the West militarily, but also economically and via cyber-warfare. It has been “so far, so good” on ducking Western sanctions, as I just wrote during the summer that Russia was producing more oil than they were prior to the invasion of Ukraine.
Over the last 48 hours, more news has broken confirming that the two countries getting even closer to one another. Yesterday, President Putin said he would be meeting Xi Jinping in person next week to solidify Russia’s relationship with China, which, per The NY Times, he called a “stable and reliable” partner. The NYT notes that the meeting is also notable because it is in person, and because Jinping “has not left China since the start of the coronavirus pandemic in 2020”.
Russia’s ambassador to China, Andrei Denisov confirmed that it was the first “full fledged” summit between the two countries since the pandemic started. So, why now?
Following that announcement, we got the news that Russia’s navy was holding joint patrols with China’s navy in the Pacific Ocean - a signal to the world that the two countries are military allies. As Reuters wrote, the exercises are “deepening military and diplomatic ties between Moscow and Beijing when their relations with the West have soured”.
"The tasks of the patrols involve the strengthening of naval cooperation between Russia and China, upholding peace and stability in the Asia-Pacific region, coastal monitoring and safeguarding Russian and Chinese nautical economic sites," a statement said.
I have been alarmed about Russia and China working together since the beginning of the year. Specifically, I have been watching the economic developments - both countries de-dollarizing and trading more with one another to skirt Western sanctions - but obviously it is becoming difficult to ignore these other diplomatic developments…especially at a time when Taiwan remains up in the air.
For those that have missed my posts over the last few months, I have written that:
I think the BRIC nations, led by China and Russia, are making a concerted effort to separate themselves economically from the West by readying their own digital reserve currency (that I believe will eventually be backed by gold)
China is planning on invading Taiwan similar to the way Russia has just went into Ukraine and such action will push us further down a path to a “cold” World War III, at the least, which I have predicted could play out economically, through strategically seizing up the supply chain and via cyber-means moreso than a traditional war
A couple of weeks ago, I wrote about two more developments in tensions between Russia/China and the West, including Taiwan shooting down a Chinese drone for the first time ever and Russia planning to buy as much as $70 billion in what they call “friendly currency” (Chinese Yuan) in order to “slow the rouble's surge”.
All the while, gold and silver continue to disappear from vaults worldwide.
Given these two new developments occurring after a litany of other alarming developments, I wanted to ask my readers a couple of questions:
Is the media not doing enough to play up the relationship between these two countries and the potential economic threat they pose?
Do you believe China is getting ready to try and launch a military effort against Taiwan?
What is the right move here for the Biden Administration - militarily and economically?
Will there be a grand challenge to the U.S. dollar - if so, how crucial is Saudi support to the effort - and what will the outcome be?
You can leave your comments and read our ongoing discussion, at this link HERE.
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