[WARNING] China, Russia Create Own Gold Market to Take Down U.S. Dollar

And this is only the economics side of what’s to come.

People have long forgot about the military component to the Sino-Soviet war axis, which is under construction and will be used to create One Clenched Fist.

BRICS is the social-economics side, whereas the SCO is the political and military side.

The sword is coming.

 

If you’ve ever suspected the gold market is being manipulated, you’re not alone – and you’re right, it is.

Money Morning Chief Investment Strategist Keith Fitz-Gerald explained to readers gold price manipulation back on March 5, 2013:

“Central banks and traders (especially the big ones acting on behalf of mega hedge funds, large-scale private funds, and institutions) can push gold prices higher – or lower,” Fitz-Gerald wrote. “The financial markets are like a football game in that there is a constant flow of energy between participants. And the ‘manipulation’ works in both directions, especially when it’s being orchestrated by the Fed and other central banks in the name of political expediency.” Continue reading

Away From Dollar: Russia, China to Create Entirely Different Gold Market

Sometime in the short-term of mid-term future, China and Russia will come out and say “We have all (or most) of the world’s gold. We will now make the rules.”

This also could be the “event” that a lot of experts are talking about regarding late September and early October crisis predictions. Former Reagan advisor, Martin Armstrong predicts October 1st, 2015 (2015.75) as a turning point in world history, for example.

Ironically, this article comes from a state-run source, which could be the Kremlin’s own way of dropping a hint.

 

While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in “the genial move” to establish an entirely different gold market, F. William Engdahl underscores.

Key central banks, particularly the Federal Reserve and Bank of England, and Western market players have long been accused of clandestine gold price manipulating aimed at preserving the dollar’s role “as world reserve currency primus,” American-German economic researcher and historian F. William Engdahl writes.

“The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world’s oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris,” Engdahl narrated.

Furthermore, Western banks are issuing numerous paper “gold-futures” and other speculative contracts which are in fact disconnected from real physical gold. Continue reading

China Launches New Freight Train Link to Moscow

The railway authorities in Xinjiang said the additional cargo train service linking the region’s capital Urumqi with Moscow would contribute to the economic development of the autonomous region, which is seen as a “core area” of the Silk Road economic belt, Xinhua news agency reported.

Since March 2014, Xinjiang has opened cargo train service to Kazakhstan, Georgia, Iran, Turkey and also Chelyabinsk in Russia.

By the second half of the year, more than three cargo trains will run between Xinjiang and the destinations in Russia and also central and western Asia per week. Continue reading

How China Is Building the Biggest Commercial-Military Empire in History

https://qzprod.files.wordpress.com/2015/05/silkiland.png

 

China’s outsized latticework of global infrastructure is said to be rooted in a fierce sense of competitiveness which they claim they learned from 19th century America.

In the 18th and 19th centuries, the sun famously never set on the British empire. A commanding navy enforced its will, yet all would have been lost if it were not for ports, roads, and railroads. The infrastructure that the British built everywhere they went embedded and enabled their power like bones and veins in a body.

Great nations have done this since Rome paved 55,000 miles (89,000 km) of roads and aqueducts in Europe. In the 19th and 20th centuries, Russia and the United States established their own imprint, skewering and taming nearby territories with projects like the Trans-Siberian and the Trans-Continental railways.

Now it’s the turn of the Chinese. Much has been made of Beijing’s “resource grab” in Africa and elsewhere, its construction of militarized artificial islands in the South China Sea and, most recently, its new strategy to project naval power broadly in the open seas. Continue reading

SCO-BRICS: A Big Summit in Ufa

“One Belt, One Road” May Be China’s ‘One Chance’ To Save Collapsing Economy

In April, Chinese President Xi Jinping marked a historic visit to neighboring Pakistan. China, via Beijing’s “One Belt, One Road” initiative, will invest some $50 billion in Pakistani infrastructure, including power plants, roads, railways, and, perhaps most importantly, the Iran-Pakistan natural gas pipeline. The vast sum represents 53% more than the US has given Islamabad over the past 13 years combined. China is also set to invest an equally large sum in Brazil and is even considering the construction a railroad over the Andes, which would connect Brazil to China via the Pacific and ports in Peru.

Continue reading

Power of Gold: China Establishes Its Largest Gold-Investment Fund

China is boosting its influence in global gold markets by establishing its largest gold-investment fund led by Shanghai Gold Exchange (SGE), which is expected to raise about 100 billion yuan ($16.1 billion).

China has established its largest gold-investment fund in northwest China’s Xi’an City, the ancient starting point of the famous Silk Road, aiming to bolster Beijing’s role in global gold trade.

The initiative is a part of China’s ambitious New Silk Road project and about 60 countries have already invested in the “Silk Road Gold Fund.” While the new fund is aiming to invest in mining projects in the region, it is expected that central banks of the member states will increase their holdings in the precious metal. Continue reading

New blocs emerging: China and Russia vs US and Japan

As America is suiciding itself out of existence, the U.S.-Japanese alliance will not last for long. Even though cooperation is ongoing, Japanese leaders increasingly see America as an unreliable partner, much like the Saudis who already went their own way and kept only essential communication lines open. When America collapses, not if, expect Japan to be reigned into the Chinese umbrella protectorate — a regional Asian bloc. From a logical standpoint, it would be better for Japan to align with a nuclear armed nation of 1.4 billion than go against it.

 

US NATO Commander General Philip Breedlove warned in a testimony before the Senate Armed Services Committee last week that Europe and the United States could come into tense confrontation with Russia as the latter increases its military operations in eastern Ukraine.

The US must boost cooperation with its NATO allies, Breedlove suggested, noting that President Barack Obama has reached consensus with Prime Minister Shinzo Abe of Japan that the two countries will strengthen their military ties under the US-Japan Defense Cooperation Guidelines. Continue reading

Russia, China agree to integrate Eurasian Union, Silk Road, sign deals

Russia and China have signed a number of energy, trade and finance deals on Friday aimed at strengthening economic ties. The two countries have multiple mutual projects which “achieved a unity of views on a wide range of issues.”

Russian President Vladimir Putin and Chinese leader Xi Jinping have signed a decree on cooperation in tying the development of the Eurasian Economic Union with the “Silk Road” economic project. Continue reading

The Silk Superhighway

Five years old, but vindicated, still quite relevant and accurate:

 

Who is China’s largest trading partner?

If you guessed the United States, you’re wrong. It’s the European Union.

If you got the first one right, here is another question: Who are the biggest exporters in the world? First place goes to the European Union. Second goes to China. Third would then go to Germany if it wasn’t already included within the EU. America comes in at a distant fourth place, followed by Japan.

The world has changed. Not long ago, America was both the largest exporter of manufactured goods and the world’s most important economy.

Yes, a shift is occurring—and it is titanic. Today’s global power centers of manufacturing and trade have swung back to Europe and China. The most important and lucrative trade routes are once again between the old world’s East and West. The modern Silk Road is swarming with the new merchants.

Continue reading

China’s Influence Set to Climb as U.S. Thwarted on New Bank

Power VisionChinese President Xi Jinping’s vision of achieving the same great-power status enjoyed by the U.S. received a major boost this month when the U.K., Germany, France and Italy signed on to the Asian Infrastructure Investment Bank. The AIIB will have authorized capital of $100 billion and starting funds of about $50 billion.

Canada is considering joining, which would leave the U.S. and Japan as the only Group of Seven holdouts as they question the institution’s governance and environmental standards. Australian Prime Minister Tony Abbott’s cabinet approved negotiations to join too, according to a government official who asked not to be identified as the decision hasn’t been made public. Continue reading

Chinese ‘Silk Road’ Initiative to Diminish US Role in Eurasian Region

Was America tricked and swindled out of building this for Eurasia? For more information on how the U.S. originally supported this initiative, see HERE and HERE.

 

MOSCOW (Sputnik), Ekaterina Blinova — By involving India and Russia in its “One Belt, One Road” project, China has dealt a final blow to ambitious New Silk Road initiative, launched by the United States in 2011.

“Since China’s “One Belt and One Road” strategy, which refers to the Silk Road economic belt and the 21st century maritime Silk Road, was initiated at the end of 2013, significant progress has been made and increasing support has been garnered from the international community,” the Global Times, a Chinese English-language media outlet noted. Continue reading

China’s Silk Road strategy ‘draws interest from over 50 countries’

China’s initiative to build the Silk Road economic belt and the 21st century maritime Silk Road has received interest from more than 50 countries, an official said Saturday. Continue reading

Silk Road initiatives enter new phase: think tank

China’s initiatives on building the Silk Road Economic Belt and the 21st Century Maritime Silk Road, popularly known as the Belt and Road Initiatives, have entered a more practical phase of fulfillment, a leading Chinese think tank has said.

Speaking at an international conference held recently in Istanbul, Turkey, Li Wei, president of China’s official think tank Development Research Center of the State Council, said the regional development initiatives brought up by China have evolved from a mere roadmap to cooperation at practical levels.

“The initiatives are evolving from proposals into actions, the blueprint is becoming reality and the effort of communication over the ideas is shifting to practical cooperation,” said Li. Continue reading

Once stable, Iraq will look to China for help rebuilding

“Although Iraq is still a fragmented country, sooner or later, it will need to rebuild infrastructure, including roads, hospitals, schools, ports, railway lines, and so on,” said Samir Sumaida’ie, who served as Iraqi ambassador to the US from 2006 to 2012, in an interview with Xinhua this week in Beijing.

“China will have the opportunity to play a big role when Iraq is able to welcome foreign contributions,” said Sumaida’ie, who is also an “old China hand,” having spent a lot of time in the country since 1991. Continue reading