By Ray White, CEO – LIPR London
Russia joined forces with China to create their own new reserve currency officially. Putin and China did the unthinkable and the West is in big trouble. The alliance between China and Russia is awesome – Awesome in the dramatic shift of the economic world order.
What happened this week is absolutely ground-breaking and was probably the biggest story of the last 30 years. But it hardly got any news coverage at all. Seriously one of the most important stories of our life time have happened this week and almost no one covered it.
Russia and China joined hands to create their own new reserve currency. This means that the new reserve currency won’t be the US dollar. This new currency will be based on rare earth minerals. Russia and China are moving their currency to gold, silver, Uranian, nickel, copper and other real tangible materials. This means that Russia and China are tying their country’s fortunes to minerals, which they bring out of the ground and selling it to the rest of the world. Just look at how Russia Has been stockpiling gold over the last 20 years while the United States went further and further into that into debt and printing moneys.
Just look at this chart. It is Russia’s gold. And This was all happening right out there in the open. It was a headline two years before the war with Ukraine broke out. China and Russia ditched dollar and moved towards financial alliance. Everyone else was ignoring it. We have had some recent dollar strengthening a little bit. But that’s peanuts compared to what is actually happening.
Because these BRIKS nations have been in the midst of a 20-year-plan to de-dollarise. Even before the Ukraine conflict started both China and Russia were stockpiling gold and working on denominating transactions outside the United States dollar. It was another secret that was all right there in the open for anyone to pay attention to. This is a massive challenge to the US dollar which isn’t based on gold or anything else. It’s actually based on debt. US dollar is a Debt based currency And the United States is 30 trillion dollars in debt. China and Russia are sitting on mountains of minerals but the United States and Europe are clamouring for. Frankly they are begging for them.
