The Latest from Jim Willie from Silver Doctors
''With Russia, South Korea, Japan, Iran, India, and Australia onboard
with Chinese Yuan swap deals, one must suspect that a critical mass of
perhaps half of global trade is conducted outside the USDollar shadow.
This is a growing critical mass that acts much like scattered pylons on
which to place a new trading platform. The key is that the collection of
bilateral trade conducted by China is no longer done in USDollars.
The objections are openly stated, that nations do not find it obligatory
to settle trade in a third-party currency like the USDollar, especially
when the US central bank is flooding the system with USDollars of
highly suspicious origin but with very certain negative ramifications on
the value of nationally managed reserve systems. The other big more
recent hint is that Turkey is serving as a test site for trade
settlement in Gold. Ankara bazaars are providing Gold in giant
quantities, used in satisfying trade payments. So far the sleep Anglo
bankers consider it minor, and operating in the Iranian shadows. They
are wrong.''
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