Perhaps Ron Paul was clear of our Partner were not to partner
Printer out of Paper

China and Russia joined to fight the dollar as reserve unit par excellence. This judgment issued the prestigious American businessman Russ Winter, who claims that Beijing and Moscow would already shaping the first part of a plan against the hegemony of the dollar on world markets.

Please spare us, your questionable research and your fumblng loquacity is not only confusing but senseless.

In fact, China and Russia opted for a similar tactic, namely the maximum waiver of the dollar in international accounts and in the strengthening of the currencies themselves at the expense of buying gold. Moscow abroad stimulates transfers in rubles, while limiting foreign exchange. Beijing, meanwhile, is gradually moving to direct exchange yuan per euro, sterling and yen. China at the same time has increased tenfold gold imports, which currently buys more than it produces. And, the greater the protection for the gold yuan, the weaker the position of the dollar as the main reserve currency.

However, according to analysts, this is just the effect. The cause is in the falling purchasing power of the dollar, in general, and the U.S. economy in particular. Due to the growth of the mass circulation of the greenback in the next three years could become cheaper by fifty percent. Beijing and Moscow were forced to protect their currencies against such a scenario, why are transferring their gold reserves.

Russ Winter notes that the allies plan is simple: gradually increase the convertibility of the ruble and the yuan and increase its role in international trade, for later postulate them as reserve currencies. U.S., whose government debt is now close to 110% of GDP, quite simply can not meet this challenge. Although, of course, the "day of victory" on the dollar (the euro and pound sterling, to boot) is not around. For the world to accept a currency as a reserve, it must meet certain conditions, stresses Ivan Fomenko, department head of Absolute Bank:

-First, the full market opening currency and that currency convertibility. Second, the reliability and the opening of financial institutes aspiring countries their currencies are of reserve status. Third, the logical sequence of the actions of the monetary authorities. And fourth, and the main thing, the desire of companies to agree arrangements with a base currency as the yuan.

Analyzing the actions of Moscow and Beijing in recent years we can conclude that, the U.S. expert is not very far from the truth. China stated already in 2009 that the predominance of one currency in the world involves high risk of spreading the crisis. The Russian authorities also pronounced by increasing the amount of reserve currencies, and even proposed the ruble as one of them. The issue was not on mere statements. Iran, Angola, Russia, Sudan and Venezuela agreed to pay oil supplies in yuan. Thus, in Chinese currency in the world today pay five million barrels of oil a day. In mid-July it was revealed that the volume of direct sales in yen and yuan had doubled, only one year after the commencement of such operations. As of July 4, Singapore began offering clearing services, financial risk analysis, trading in yuan. With respect to Moscow, was unaware of the existence of formal agreements with Beijing on the yuan support. However, his actions speak of supporting the Chinese quote, says Alexei Maslov, expert from the School of Economics:

-Note that the role of Russia is rather technical, since there is no any direct agreement between China and Russia on the blockade of the dollar. And Russia, in my opinion, is just one of the subjects in this great plan of China. But it suits Russia from the tactical point of view. Regarding the strategic point of view, the strengthening of a country like China can raise concerns.

Russ Winter compares the next step to "kick the chair on which the United States is standing with the noose." To this end, China and Russia need to strengthen their currencies with gold, to what they do and as stated at the beginning. While most analysts agree that the "chair" was made in Washington and suprisingly tough material, and to disentangle definitely going to need at least five to ten years.


Read more: http://spanish.ruvr.ru/2013_07_26/Pekin-y-Moscu-socavan-el-dolar-3108/ :shock: :hunf: