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

    Posted by Ivo Cerckel on June 10th, 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


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by the Shanghai Cooperation Organization (SCO) a decade ago to build an alternative to the dollar seems to have been superseded by the use of the petro-renminbi.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

    One common currency for SCO
    Discussion in ‘World Affairs’ started by rickshaw driver, May 22, 2011.

    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
    most will start to understand what the gold-euro [gold-rupee and gold-renminbi] really mean.

    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.

    The attempt by the SCO a decade ago to build an alternative to the dollar seems to have been superseded by the use of the petro-renminbi.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