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China’s Silk Road could come within 90 miles of the U.S. as Cuba seeks to join with initiative

In light of the expected rejection by the U.S. at the UN of removing longstanding economic sanctions against Cuba, the Caribbean government appears to be turning away from a U.S. administration that is looking to reverse what Barack Obama opened up, and instead look towards China to help expand their trade. In fact earlier today the Deputy Minister of Trade and Finance in Cuba announced that Havana wanted t ...

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China completes first test runs on establishment of new sovereign digital currency

A few days ago the People's Bank of China completed preliminary testing of a new digital currency to run concordant with the Renminbi. With most of China already functioning on a digital monetary system, creation of a digital currency that would run on the Ethereum of Blockchain platforms is the next step for the world's largest financial center, especially since recent studies show that the Chinese people ...

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Ratings agency hypocrisy continues on as S&P downgraded China over debt, but ignores U.S.’s 105% debt to GDP

On Sept. 21, S&P ratings agency downgraded China for what they determined as 'risks involved in debt expansion', and this move follows a similar one done by Moody's ratings agency a few months ago against the Far Eastern economy. However neither of these arbiters of credit worthiness have sought fit to impose the same decline on America's own sovereign rating, and this despite the fact that the governme ...

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U.S. trade and account deficit hits highest quarter in more than eight years

While President Trump belligerently threatens China with a trade war, the U.S. continues to rely too much upon foreign imports for much of their goods.  And in new data out on Sept. 19, the account deficit for trade reached an eight year high as the U.S. found itself down $123 billion for the second quarter. The deficit in the broadest measure of US trade rose to the highest level in more than eight years t ...

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Russian finance minister working on regulatory groundwork for cryptocurrencies to end their ‘black market’ use

As we have mentioned in many articles here in the past, it was only a matter of time before individual governments begin to focus on cryptocurrencies and the myriad of other securities sprouting up on the blockchain.  In Japan for example, the government has readily accepted cryptos like Bitcoin as currency and are allowing their use within their general economy. However for China, Russia, and with the othe ...

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U.S. appears to be wanting to cut their own throats in trade war against China over North Korea

It is one thing to go to the United Nations to get support against a rogue nation like North Korea, and receive multi-lateral support in the implementation of economic sanctions.  It is also somewhat viable for the U.S. to impose their own unilateral sanctions against Kim Jung-Un in response to their growing threat as a nuclear country. However it is something else entirely to declare that you are ready to ...

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A second Middle Eastern country within a week announces it will begin selling bonds in Chinese RMB

A few days ago, Saudi Arabia announced they were in the process of diversifying away from the dollar and are planning to sell sovereign bonds in RMB in order to shore up their dwindling coffers.  Now on Aug. 31, a second Middle Eastern Gulf nation is reporting to be doing the same as the UAE government of Sharjah could actually beat the Saudi's to the punch and be the first to receive Chinese Yuan from the ...

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China’s next move in RMB internationalization may come from ground zero of the petrodollar agreement

On Aug. 25 it was reported that Saudi Arabia was preparing to expand its borrowing into a currency other than the dollar by agreeing to begin selling bonds in exchange for Chinese Yuan. As the Middle Eastern oil power, and heart of the long-standing petrodollar agreement, has over the past few years sold debt primarily in dollar denominations to keep their economy afloat following years of low oil prices, S ...

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International community sees U.S. a much greater threat than both Russia and China

There is no denying that a large portion of the world sees the U.S. as having replaced the former Soviet Union as the biggest threat to world peace since the former Communist country's fall in 1991, but don't tell that to the politicians in Washington who feel their moral high ground is so great they can unilaterally intrude on the sovereignty of other nations contrary to international law.  And a new poll ...

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Germany threatens retaliation against the U.S. if Congress pushes through bill for more Russian sanctions

If having U.S. businesses ready to lobby Congress to stop their fake indignation over Russia's protecting their own people and allies in Ukraine and Syria, it appears that Europe, and in particular Germany, have had enough of sanctions against Putin. In fact in light of Congress's new scheme to try to inflict a new round of Russian sanctions, and to hamstring President Trump from ever willingly removing the ...

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Russia winning: U.S. companies comes together to lobby Washington about ending economic sanctions

For decades the U.S. has used economic sanctions as a 'stick' to try to coerce nations into ceding their wills to that of Washington's foreign policies.  But as alternatives to the dollar and to SWIFT have grown in the past 10-15 years, more and more countries held bondage to these sanctions have been able to bypass the dollar hegemonic system with the help of countries transitioning Eastward. Ever since th ...

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Just like in Iraq and Afghanistan, China to reap the economic benefits in Syria after the U.S. pays the costs of war

While President Donald Trump is attempting to diverge from the policies of war and pillaging that have proliferated Washington for several decades since the end of the Cold War, America's biggest economic adversary continues to quietly fill in the vacuum's left behind following U.S. intervention.  And with the conflict in Syria looking very much like it is coming to an end with the defeat of ISIS, China is ...

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