Many in the United States fear that Donald Trump’s tariff driven trade war against China will produce the unintended consequences of China preparing the Yuan to float on the open market in a move that could see the Yuan becoming a more valuable currency than it is a present. At […]
Tag: Yuan
Black April: US Stocks Dive to Great Depression Levels as Trade War Claims First Victims
As the second quarter of the economic year begins, US stocks opened at their lowest level since the crash of 1929 which triggered the Great Depression. According to RT, “the S&P 500 index fell 2.2 percent after the first trading session in the second quarter. This was only ever worse […]
The Petroyuan Is Here and Global Oil Markets Have Reacted Positively
This morning, history was made as China began trading Yuan denominated oil futures contracts on the Shanghai International Energy Exchange. According to Liu Shiyu, the Chairman of the China Securities Regulatory Commission (CSRC), “We have the confidence, determination and ability to build a crude oil futures market with Chinese characteristics, and make due […]
Your Guide to Dispelling Every Western Myth About China
From 1945 to the present day, the US and its close European allies have developed a geopolitical narrative which in the minds of its authors, offered a blueprint for international peace and prosperity. According to this narrative, confrontational multi-party democracy, a rejection of constitutional secularism, an internally de-regulated market, an […]
D-Day For The US Dollar: China’s Petroyuan Oil Futures Contracts To Be Issued From 26 March
China has officially announced that its first Petroyuan oil futures contracts will be issued in just over a month’s time on the 26th of March. This will officially herald the beginning of a new era in the global oil trade and moreover, it signals the beginning of the end of […]
Russian Sate Duma To Debate Creation of Crypto-Rouble
Russian Duma Deputy Rizvan Kurbanov of the Communist Party of the Russian Federation, has just submitted a bill on the creation of a Crypto-Rouble, a much discussed cryptocurrency that unlike the vast majority of currencies using blockchain technology, would have the full backing of a major government. Thus far, Venezuela […]