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Archive for June, 2018

Civil China-hosted Shanghai Cooperation Organization (SCO) Summit contrasts with G7 turmoil

Posted by Ivo Cerckel on 10th June 2018

Civil China-hosted [Shanghai Cooperation Organization (SCO)] summit contrasts with G7 turmoil
Xi courts Putin and Iran while warning against unilateralism and protectionism
Charles Clover in Qingdao, China
3 hours ago
https://www.ft.com/content/5d5e4244-6c85-11e8-92d3-6c13e5c92914

MY COMMENT;

The attempt by the Shanghai Cooperation Organization (SCO) a decade ago to build an alternative to the dollar seems to have been superseded by the use of the petro-renminbi.

Trump is panicking because his dollar is only worth the paper it is printed on.

Meanwhile, the SCO was trying a decade ago to build an alternative to that green piece of paper.

SCO summit agrees to adopt common currency
By IBT Staff Reporter
06/17/09 AT 6:05 PM
http://www.ibtimes.com/sco-summit-agrees-adopt-common-currency-281772

One common currency for SCO
Discussion in ‘World Affairs’ started by rickshaw driver, May 22, 2011.
https://defence.pk/pdf/threads/one-common-currency-for-sco.109855/

ONCE
the world will be allowed to know that
the past [four] decades of cheap Arabian oil
have been made possible by the flow of cheap gold
to the Saudi Arabia oil-central bank
THEN
most will start to understand what the gold-euro [gold-rupee and gold-renminbi] really mean.
http://bphouse.com/honest_money/2008/04/29/
http://www.usagold.com/goldtrail/archives/another1.html

Since the end of last year, the Petro-Renminbi is in place. More than a petro-currency, it is a petro-gas-gold-currency. http://geab.anticipolis.eu/

It has come into being via the creation of the Shanghai Energy Stock Exchange and the oil futures contracts denominated in renminbi and exchangeable to gold,

In June 2017 New Development Bank (NDB, BRICS bank based in Shanghai) announced that it was going to issue bonds in 5 member countries denominated in their own currencies.
http://www.globaltimes.cn/content/1065176.shtml

The attempt by the SCO a decade ago to build an alternative to the dollar seems to have been superseded by the use of the petro-renminbi.

Do your own homework.

As Another said in the “gold for oil story” at usagold.com
“We watch this new gold market together yes?”

ivocerckel@siquijor.ws

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