China-Russia Yuan-Ruble Trade Will Reshape Global Financial System
SilverDoctors.com
May 28, 2015
The writing is on the wall for the dollar.
It’s only a matter of time before the plug is pulled…
Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics:
Trade settlement in local currencies between China and Russia, according to “official” statistics, account for 7% of their bilateral trade. But the dollar amount has grown 700% in the last year.
Growing cooperation between Russia and China has become one of the hottest topics in the global economy. It is signaling the emergence of a strong alliance of one the world’s richest and strongest economies, which is expected to reshape the existing western-dominated economic model (RT.com link)
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