Told you this would happen..

[justoffal]

As China proliferates coal fired power plants and brokers struggle to secure financing in dollars a deal is in the works for Russia to sell coal to China directly in yuan. This the beginning I was looking for...it had to start somewhere and that somewhere had to be a necessary commodity and this is one for sure.

The subtle tone of this article belies the major impact of the certainty of the new trading system...once up and running it will grow exponentially....it only needed a raisin d'etre that was strong and compelling. Think Keynes and aggregate demand.

It's all there.....we have been stupid.

China's Russian coal purchases stall as buyers struggle to secure financing

Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world's third-largest coal seller.

www.reuters.com

Jo

 

[Burgermeister]

India looking to do the same.

 

[eagle1462010]

As China proliferates coal fired power plants and brokers struggle to secure financing in dollars a deal is in the works for Russia to sell coal to China directly in yuan. This the beginning I was looking for...it had to start somewhere and that somewhere had to be a necessary commodity and this is one for sure.

The subtle tone of this article belies the major impact of the certainty of the new trading system...once up and running it will grow exponentially....it only needed a raisin d'etre that was strong and compelling. Think Keynes and aggregate demand.

It's all there.....we have been stupid.

China's Russian coal purchases stall as buyers struggle to secure financing

Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world's third-largest coal seller.

www.reuters.com

Jo

 

[justoffal]

Everybody better get familiar with that terminology because it's going to make a splash all of a sudden and become huge very quickly.

 

[eagle1462010]

Everybody better get familiar with that terminology because it's going to make a splash all of a sudden and become huge very quickly.

Been an alliance for a long time. It's main mission is getting rid of the dollar as the world reserve currency.

South africa is for their gold mines and dtrategic lication of the Horn for waterways below Africa.

I believe Brazil has the gold also.

 

[justoffal]

Been an alliance for a long time. It's main mission is getting rid of the dollar as the world reserve currency.

South africa is for their gold mines and dtrategic lication of the Horn for waterways below Africa.

I believe Brazil has the gold also.

I think yuan trade is going to launch first....the overland coal trade between Russia and China is probably its kick off....

 

[justoffal]

As China proliferates coal fired power plants and brokers struggle to secure financing in dollars a deal is in the works for Russia to sell coal to China directly in yuan. This the beginning I was looking for...it had to start somewhere and that somewhere had to be a necessary commodity and this is one for sure.

The subtle tone of this article belies the major impact of the certainty of the new trading system...once up and running it will grow exponentially....it only needed a raisin d'etre that was strong and compelling. Think Keynes and aggregate demand.

It's all there.....we have been stupid.

China's Russian coal purchases stall as buyers struggle to secure financing

Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world's third-largest coal seller.

www.reuters.com

Jo

Here we go....it's happening and faster than I thought!

Russian banks rush to switch to Chinese card system

Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator's system coupled with Russia's own Mir network, after Visa and MasterCard said they were suspending operations in Russia.

www.reuters.com