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BRICS currencies also a wishlist not just for sovereign government but 3rd world elites. Many people do not know there is one more dirty trick of white man confiscation -- banking institution bankruptcy. It was speculated that white man deliberately engineer SV bank bankrun to collapse it...

Once some national leader advocate dropping USD, they will be revolution and soon this leader will be dead. Western nations like Euro land has a little more privileges' to create Euro. Euro however is a currency without politcal union and army. It is useless during emergency.

Another important puzzle of this monetary ponzi is how white man manipulate gold price in the so call free market. Answer is today Gold future market is 500- 100x the physical delivery. Next question is -- why no one ask for physical delivery and bankrun comex? The moment someone ask for...

There is one more question to answer. Why the market has so many CNY when China is running trade surplus. The big reason is China is lending CNY like crazy this moment making China a significant creditor nations. And white men already keep shouting debt trap and China is world shylock, asking...

If Yuan become world reserve currency, China will need to run deficit. Another side effect is China will need to de-industrialized. I guess China do not want that.

After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using gold as the basis of a planned new international currency system separate from the US dollar and euro. As recently reported by state-funded Russia Today, an...

Western financial masturbation, and gold suppression is one example, has make nations much poorer while enable US to leech on the world. If gold real value is revealed, it could be 20x the current price level. SA will be rich overnight, Many of these mining nations are 3rd world, and they...

India who is US dog is against BRICS currency. But others especially Russia have big urgency. All Russian asset denominated in dollar were confiscated. Now if China embark on unification, US will surely confiscate at least significant put of China FX. SA got big gold mine. SA suppose to be...

In Singapore. I see Arts and humanity people (MBA are and economics arts and humanities) gaining favor over engineers most of the time. Arts and humanity are the MOST stupid people in the society and have a big pride. I guess the big boss knows arts people are stupid and STEMI people are...

Anything is better than the hyperinflative FED. You want to sell you land, iphone to US in exchange for papers. US will see hyperinflation once very soon. Now China is bailing US out. I see PBOC Yi Gang as big traitor.

Initially fiat was floated. After careful consideration, you cannot align monetary policy of China, which is a running surplus and India, which is running deficit. BRICS is not as if Europe where most people would listen to Germany on monetary policy. India hate China and always go 180 degree...

Gold price is suppressed deliberately by US while US is giving reasons that not enough gold to back up monies. Once the true price level is reveal, gold will see big upward adjustment. This is a win win for all except that China will pay a higher price. India has hoard large amount of gold...

Thai is absolute monarchy.

我对恒大负债两万亿并不感到惊讶，感到惊讶的是许家印和他的同伙们竟然至今依然逍遥法外

It is because there are massive transient worker dorm.

All the big property developers are princelings or their white glove. They uses their network to get land, make massive profits. A lot hate CPC because CPC is for socialism. These princeling uses all means to ship profit away from China. To avoid paying tax, they cook the book so that there...

You need some form of differentiation. Chinese embark on massive urban migration last 40 years, and seen urban population rising from 20% to about 70% today. All people got house in village but MOST Beijing people do not even have a residence status. You do not see much public house in Beijing...

Evergrande is an axxhole, the uses financial engineering to turn profit into losses, using excessive leverage and derivative, then shipped all the stolen gains overseas. They are backed by princelings. That is they are above law for the moment.

Luckily China kick out this pedo. This guy is an excrement of humanity.