China Plans to Launch Own International Payment System by 2016

China will continue to loosen restrictions on private capital access to the financial sector, Prime Minister Li Keqiang said.

DALIAN (Sputnik) — China plans to launch its own international payment system later this year, the country’s prime minister, Li Keqiang, said on Thursday. Continue reading

Russia’s National System of Payment Cards, American Express agree on Mir co-badged card

Free economic leverage to Moscow has just been given away. Sanctions will now be that much more ineffective with AMEX having over 100 million cards circulating globally.

 

MOSCOW, July 20. /TASS/. Russia’s National System of Payment Cards (NSPC) has struck an agreement with the international payment system American Express on issuing co-badged card Mir, NSPC said in a press release on Monday.

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Moscow Promises ‘Unlimited’ Response if SWIFT Limits Operations in Russia

BRYANSK, January 27 (Sputnik) – Russia’s reaction will be “unlimited” if the SWIFT payment system is used as an instrument against the country, Russian Prime Minister Dmitry Medvedev said Tuesday. Continue reading

Sweden: Very handy palm payments system takes off

Cash, cheques, plastic, Paypal – there are already many ways to pay. And now a group of students at Lund University in Sweden have come up with a biometric payment system.

It works by touching the screen with your palm and entering the final four digits of your smartphone number. Continue reading

Russia warns could ‘reduce to zero’ economic dependency on US

A grave mistake is to think that this can’t happen or won’t happen, or that the Russians don’t have the capability. China and Russia have both publicly expressed their unity against the USA and the EU after engineering the chaos running through the Ukraine at this moment. Previously they’ve always been united behind scenes, but as they both grow and advance militarily, economically and politically they can be out in the open about it — especially now that they have been given cause.

China has also previously threatened the ‘nuclear option’ on the US Dollar. For additional information, read the following article: China threatens ‘nuclear option’ of dollar sales

The USA, which is drunk off its own power, becoming more corrupt daily and rotting from within might have to face a grave and sobering reality — and sooner rather than later. America is not untouchable.

Europe also faces the same fate as the Heizung can be turned off at any given moment. You’ll also likely see a united Europe like never before as a result, unlike America where its current administration keeps drawing a new line in the sand each time it back-peddles.

Moscow (AFP) – Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a “crash” if this happened.

“We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves,” said Kremlin economic aide Sergei Glazyev.

He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its “wonderful trade and economic relations with our partners in the East and South.”

Russian firms and banks would also not return loans from American financial institutions, he said.

“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system,” he added. Continue reading