Russian Bonds Denominated in Yuan

The new Russian bonds are going to denominated in Chinese yuan rather than US dollars.  Another nail in the coffin of the petro dollar.  It appears that the western hegemony is starting to erode the old paradigm and the majority countries are looking for a less corrupt gatekeeper.

Recently, Moscow announced that they are establishing a PHYSICAL gold market, China has established a oil for gold market and many countries are lining up with the BRICS to include the UK (to some extent).  They are building an infrastructure to bypass the traditional financial vehicles as well as the traditional markets.

It seems that the past 4 US administrations have accomplished their plan to decimate the world as we knew it.  May the new establishment be a step in the right direction.

About the author: outwalking

Life time student