Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

The idiot resistance sycophants, intellectuals, and shills focusing on the non-existent Russian intervention of the 2016 US elections are missing the boat, as usual.  Russia and China are enemies of the US because of their nuclear warheads--that's a given.  But the overarching reason is because they are de-dollarizing.

http://www.zerohedge.com/news/2017-04-01/moscow-and-beijing-join-forces-bypass-us-dollar-global-markets-shift-gold-standard

Ottawa, Beijing strike deal on yuan trading hub

Even our most staunch north American ally is de-dollarizing, near America's own backyard.   Canada has to, for financial survival, as the days of a unipolar reserve currency are numbered.  Of course, everyday Americans will be the last to realize this, as the dollar propaganda machine must propagate USDollar strength by thrashing foreign currencies even more.  This includes destroying the Russian ruble (Ukraine, economic sanctions, crude oil suppression (hat tip to Saudi Arabia)), the yen (QE to infinity (hat tip to Abe-economics)), and the Euro (blowback from constrained Russian energy exports).

In other words, market participants mistakenly still perceive the USDollar as a safe haven asset--the cleanest shirt in the dirty laundry bin.  However, with Chinese bilateral trade agreements in place--including with Russia, the yuan will inevitably play a bigger role in a multi-pollar currency world.  Which is exactly why the PBOC is continuing to purchase gold, to eventually back up the yuan with said gold reserves.

Protecting the global reserve currency status of the dollar is of utmost importance to financial elites because they know US Treasury debt obligations can never be repaid.  However, America's unlimited credit card will one day reach its cul-de-sac, once creditors realize they're left holding the bag.

http://www.theglobeandmail.com/report-on-business/ottawa-beijing-strike-deal-on-yuan-trading-hub/article21438028/

Beijing, Seoul agree to direct trade in national currencies

Here are a few points to take away from this article, without even reading it first:

1) China is doing everything in its power to de-dollarize by signing multiple bilateral trade agreements with its trading partners.  They are planning for the demise of the USDollar as the global reserve currency.  At the risk of being redundantly obvious, this has adverse consequences for the standard of living of all Americans, because inflation is now a serious threat, undermining the purchasing power of the dollar.

2) It took a Russian media outlet to report this very bad piece of news for the USDollar.  Russia and China have their sights set on removing dollar hegemony.  This pressure is overt--it is no longer hidden with hollow rhetoric, but backed by signed contracts.

3) South Korea is a staunch US ally.  Yet, they are agreeing to remove the dollar as the numeraire in their trade agreements with China, a notable non-ally of the US.  South Korea is another country in a long line of US trading partners thumbing their nose at America.

http://voiceofrussia.com/news/2014_07_04/Beijing-Seoul-agree-to-direct-trade-in-national-currencies-4477/

China opens Beijing to gold imports, cutting into Hong Kong's transit role

The hoarding of gold by the Chinese is about to get even more opaque.  When they announce how much they have accumulated, gold prices will soar.

http://www.scmp.com/business/commodities/article/1493507/china-opens-beijing-gold-imports-cutting-hong-kongs-transit

US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/5_US_Dollar_Collapse%2C_Beijing%2C_Moscow_%26_The_Ascendancy_Of_Gold.html

Wikileaks: US embassy cable - 09BEIJING1134

http://cables.mrkva.eu/cable.php?id=204405

3. CHINA'S GOLD RESERVES 
 
"China increases its gold reserves in order to kill two birds with 
one stone" 
 
The China Radio International sponsored newspaper World News Journal 
(Shijie Xinwenbao)(04/28): "According to China's National Foreign 
Exchanges Administration China 's gold reserves have recently 
increased. Currently, the majority of its gold reserves have been 
located in the U.S. and European countries. The U.S. and Europe have 
always suppressed the rising price of gold. They intend to weaken 
gold's function as an international reserve currency. They don't 
want to see other countries turning to gold reserves instead of the 
U.S. dollar or Euro. Therefore, suppressing the price of gold is 
very beneficial for the U.S. in maintaining the U.S. dollar's role 
as the international reserve currency. China's increased gold 
reserves will thus act as a model and lead other countries towards 
reserving more gold. Large gold reserves are also beneficial in 
promoting the internationalization of the RMB."