The Great Game Changer: Belt and Road Intiative (BRI; OBOR)

[anon45]

next source CNN, Fox News, Guardian, Washington Post, New York times and all the other nonesen papers

then post them not this shit.

presstv pravda, spudnik, etc are not reliable sources, and they have proven themselves to be taken with a grain of salt, like chinadaily and foxnews, at least when it comes to matters concerning the US and their home countries.

 

[senheiser]

then post them not this shit.

presstv pravda, spudnik, etc are not reliable sources, and they have proven themselves to be taken with a grain of salt, like chinadaily and foxnews, at least when it comes to matters concerning the US and their home countries.

and everything your US media says about other countries is fact? nope

 

[TaiShang]

Russia to build cross-border aerial ropeway with China

Russian Prime Minister Dmitry Medvedev has signed an order authorizing relevant government departments to clinch with the Chinese side an intergovernmental agreement on the construction, operation and maintenance of the 750-meter-long ropeway across the Amur River in Russia's Far East(the Heilongjiang River in northeast China) on the common border, the government press service said.

The project is to be started this year, while the commissioning of the ropeway is expected by the first quarter of 2018.

 

[TheTheoryOfMilitaryLogistics]

Actually,the Bretton Forest System has begined to collapse when Nixon declared to close the gold-dollar exchange channel in 1971.

 

[TaiShang]

next source CNN, Fox News, Guardian, Washington Post, New York times and all the other nonesen papers

These US-flagged Indian fails to understand that mistrust is mutual.

We do not trust their press at least as much as they do not trust ours. So it is ineffective to try to ridicule the source based on one's biased opinion.

 

[Styx]

interesting, what's this place called ?

and looks like a pretty wide river, what kind of ropeway will it be ?

 

[Jlaw]

Actually,the Bretton Forest System has begined to collapse when Nixon declared to close the gold-dollar exchange channel in 1971.

True. Bretton Woods system was designed to peg each nation's dollar to actual gold. It was Nixon that took Bretton Woods out thus allowed US to print infinite amount of money.

China and Russia actually want currency to be pegged to gold. I think the article title is misleading.

 

[mike2000 is back]

Agreed.
OP fails to explain why china is holding american bonds and foreign reserves in dollar then. Fake it till you make it ?

Ahahahahaha.....exactly. Its very easy for China to make the dollar collapse and stop it from being the world reserve currency.

Simple: China just needs to dump all its trillions of its foreign reserves in dollars and massive bonds in dollars its holds in the U.S , open up its capital markets and allow its currency to float freely. If it does all these then its yuan might be among the worlds reserve currencies before we all know it.

But it also comes with its own risks for its economy though. Anyway, you can't eat your cake and have it. Have to make choices.

Until it does all these , then all these constant years of talks about the yuan/china taking down the dollar is just empty talk.

 

[Indika]

Simple:China just needs to dump all its trillions foreign reserves in dollars and massive bonds in dollars its holds in the U.S , open up its capital markets and allow its currency to float freely. If it does all these then, its yuan will be among the qorlds reserve curewncy before we all know it. But it also comes with risks for its economy though. Anyway, you cant eat your cake and have it. Have to make choices

yes, they are never going to walk the talk. They are just looking for some idiots to try their currency. Why not trade with US in yuan itself ?
Seriously cant think of a developing country holding trillion dollars in US bonds and very good trade balance every year. They can just pump that money back into their own economy and have a blast.

 

[vtnsx]

Of course. or you don't know how the US financed the war efforts in Vietnam? They printed dollars day and night, making the currency more and more worthless. Until a certain breaking point was reached, when in 1971 the US central bank could not keep the promise: the peg 35 USD to a ounce of gold. Pls feel free and check how much an ounce costs right now.

The US withdrew from VN because the cost became unsustainable, even for a economic and military superpower. That was the strategy of North Vietnam.

It was a trillion plus dollar Vietnam war. An expensive experience for both sides of the country. That is one expensive experience in my textbook.

 

[mike2000 is back]

yes, they are never going to walk the talk. They are just looking for some idiots to try their currency. Why not trade with US in yuan itself ?
Seriously cant think of a developing country holding trillion dollars in US bonds and very good trade balance every year. They can just pump that money back into their own economy and have a blast.

They are just playing politics my friend. Every big power does that. Use of deception. Only weak/small countries fall for it.

 

[anon45]

and everything your US media says about other countries is fact? nope

of course not, critical thinking is always necessary, and like with fox news, your sources do away with that in favor of a simple narrative that feels good to whatever viewpoint they are catering to. At least in the US there are more viewpoints than the government's viewpoint.

These US-flagged Indian fails to understand that mistrust is mutual.

We do not trust their press at least as much as they do not trust ours. So it is ineffective to try to ridicule the source based on one's biased opinion.

fine ,live in your dream world where the US is forever collapsing , you will be great company for Hasbara buster, but i'll still call out these crappy sources for those who actually choose to think instead of opening their mouths for whatever soothes their fragile egos.

 

[vtnsx]

of course not, critical thinking is always necessary, and like with fox news, your sources do away with that in favor of a simple narrative that feels good to whatever viewpoint they are catering to. At least in the US there are more viewpoints than the government's viewpoint.

fine ,live in your dream world where the US is forever collapsing , you will be great company for Hasbara buster, but i'll still call out these crappy sources for those who actually choose to think instead of opening their mouths for whatever soothes their fragile egos.

 

[jhungary]

Some time I just wonder what kind of education level are required to write column or article for Russian source.....

Bretton Wood System does not exist anymore, not since US terminate the exchange rate pegged to gold in 1971. The whole point being in Bretton Woods system, in layman term is to put a fixed exchange rate from other country to US dollar and where US dollar then pegged to the Gold Standard, the system failed in 1971 when US central bank announced that there are more fiat money than Gold reserve, resulting currency floating and instead of pegged to USD and then peg to gold, it simply pegged to USD, hence the system failed. Then I wonder how Russia and China can make a failed system, fail again?

And technically, the only way you can fail the current US Fiat Currency system without any damage to one owns currency is when we go back to the days with barter, trade with goods for goods. And since this is the only way no currency had changed hands, and hence no damage to either side. But then if that is the case. then why would we still use currency?

Problem is, there are no way any one country can collapse the US Dollars without dealing the same damage to themselves, the moment say China collapse the USD, let's say theoretically you can do it, you will devalue all the USD you hold, and all that will become toilet paper, then it will hit with bad debt. Theoretically, china can print more money to substitute the USD in their own procession or even in world's procession, but when you are talking about 68-70% world usage, that mean China have to print enough to replace USD 1 : 1, lol, you don't need a Economy degree to tell you the inflation is going to bring down the economy of China.

lol, hence I do not see how China and Russia join hand (Which contribute to less than 6% of world reserve) can bring down the USD. Some sort of wishful thinking there.

 

[cirr]

Mega cargo train links China and Germany
(Lanzhou to Hamburg)

A weekly cargo rail service linking Lanzhou with Central Asia started on July 5 this year. The train leaves Lanzhou every Saturday, Niu said.

Friday, 21 August, 2015

A freight-train service between Hamburg, Germany, and Gansu Province in northwest China opened Friday.

The first train left Gansu's capital city Lanzhou at 10:50 a.m. on Friday. It will take 13 days to travel the 8,900 kilometers of track to Hamburg.

The train is carrying machinery and electrical appliances, much of it manufactured in east China. On its return journey, it will carry advanced machinery made in Germany, according to Niu Xiangdong, vice mayor of Lanzhou.

"This service will help Lanzhou establish a reputation as a hub for foreign trade, which will help develop the industry here," he said.

A weekly cargo rail service linking Lanzhou with Central Asia started on July 5 this year. The train leaves Lanzhou every Saturday, Niu said.

Mega cargo train links China and Germany