Economics: Western Panic, China Takes Over mBridge, Saudi Oil For RMB Next, Gold Is Leaving London
From Seun Foo:
The Bank of International Settlements has officially dumped the Bridge project. This leaves China with near total control of the payments system opening up a ton of scary possibilities. Oil trade in the Yuan could be next. Meanwhile, central banks like India are escalating their gold repatriation. Here’s what you must know.
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A comment on Kevin .. All these commentators I listed on the site a few months ago in order to broaden everyone’s viewing on China. Most of them came highly recommended from the China Writer’s Group. This is what they said about Kevin. KEVIN WALMSLEY and his excellent channel *Inside… Read more »
inside china business
why is china hiding 700 billion dollars? youtube
https://www.youtube.com/watch?v=eCjGU5TUC30
CARRY WATER – WHAT’S THE SOUND OF ONE HAND CLAPPING? Thank you, Emerson for bringing us such an extremely thought-provoking link. https://www.facebook.com/reel/1690502368393659 Although I find Kevin Warmsley extremely technically knowledgeable, I do wonder who he carries water for, when he so consistently cheerleads the attributes of king-dollar and it’s survival.… Read more »
Please don’t take my comment in the wrong way, Emerson – I am not shooting you down as the messenger – in fact, quite the contrary! This is one of the most intriguing links I have read in quite some time, and I do appreciate how easily nuances can be… Read more »
dear col, it’s all good…we’re all trying to read tea leaves, above all & foremost, thank you for sharing your years of research. truly a gift. i wonder if kevin juxtaposes the winning u suk’s failings alongside china’s obvious superiority in an attempt to soften the shock n awe to… Read more »
I’ll check that link out, Emerson – I may have missed it – thanks as always my friend!
Emerson, I feel like I need to chip in, because this time Col hasn’t explained to you what’s really going on here, and that, is an insidious process that has been DIRECTLY enslaving the world and bleeding it dry for 50 yrs, a process that needs to be understood to… Read more »
Great reply and summary. Excellent.
BrotherBlueIconoclast
๐๏ธ thank you, minh, it’s refreshing to read your posts, regrettably infrequent. your succinct breakdown of the petrodollar illuminates empire’s savagery, assassinations bookend every deal. all humanity squirms on a bed of deadly petro$ screws, impatiently waiting, watching the axis of resistance carefully unwind humanity from empire’s insatiable intra-veinous network.… Read more »
fwiw I agree with all your characterization of Kevin, emersonreturn – thanks for writing all that in his defense. People coming to him cold in one glance are missing a lot of nuance, I think. We’ve seen him over many episodes, usually illustrating the decline of the west, in hard… Read more »
Oh dear… too late…
O dear, col, i’ve been targeted. thus i always give the title & site, in this case i didn’t repeat the site’s name: Inside China Business but was sufficiently together to supply the title of the post. you have to go back through his posts as this one was 2months… Read more »
Yeah, Emerson, I think the thought police imbedded in Big-tech’s algorithms pick up on the number of shares and then limit the number of cycles that a post can achieve – which probably in itself should be construed as an endorsement of Walmsley!
I’ll go look now…
Thx for your thoughtful reply Emerson! I’m sorry if I offended anyone for my harsh words on Kevin. It’s as you said, the guy has done a lot of good work educating people, and he deserves all the credit and recognition for his work. I have no problem whatsoever with… Read more »
minh, i hope you continue to visit…& often. i’ve just come from watching nima’s latest with michael hudson & richard wolff, both agreeing all they were sharing was more historical than economic. you, dear minh, seem @ this point more historian than economist & i hope you might begin to… Read more »
Minh I shall look at Kevin more critically from now on, you certainly bring the converse to the conversation.
OK, let’s forget for a moment what the impression is of Kevin Walmsley and look at the facts that he presents. Minh, I think and this is not said critically, that you do not understand exactly what Kevin said there. This is complicated stuff. Now I’ve know since 2002 what… Read more »
Minh, I second our friend emerson — I am always delighted to see you around and hear your unique voice. Might what appears as exceptionalism be really suppressed rage at the self-inflicted collapse of his former world? Any sane would be devasted to see such potential blown up in mindless… Read more »
Hello Col.
I’ve read many of your comments on economy on this blog.
Have you studied economics? How do you know all these things for sure?
Colin, I sincerely hope you have not taken a formal course in economics. That would truly be a handicap!
Your understanding of this subject is quite unique, and I hope some of the newly liberated countries in Africa can implement some (or all) of your very practical ideas.
Great to see you here Loyal – the more the merrier! I studied eCONomics in Uni back in the early seventies and then spent the next 50 years unlearning it because it was total mystical tripe based on utterly false maxims and designed solely to line the pockets of the… Read more »
@Col ๐ I was a regular commentator on The Saker blog. That website was my first entry to alternative media. I thank Pepe Escobar for posting the links to The Saker on his fb page before it was taken out. It’s great to see people like you simplifying complex subjects.… Read more »