Some things to read at leisure .. the end of the US dollar as a reserve currency?
Long-ish articles, well worth a read imo.
China
Dec 17, '14
THE ROVING EYE
Go west, young Han
By Pepe Escobar
November 18, 2014: it's a day that should live forever in history. On that day, in the city of Yiwu in China's Zhejiang province, 300 kilometers south of Shanghai, the first train carrying 82 containers of export goods weighing more than 1,000 tons left a massive warehouse complex heading for Madrid. It arrived on December 9.
Welcome to the new trans-Eurasia choo-choo train. At over 13,000 kilometers, it will regularly traverse the longest freight train route in the world, 40% farther than the legendary Trans-Siberian Railway. Its cargo will cross China from East to West, then Kazakhstan, Russia, Belarus, Poland, Germany, France, and finally Spain.
More:
http://www.atimes.com/atimes/China/CHIN-01-171214.html
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Russia and China, time's, they are a changing...
Russian Roulette – Is the west about to shoot itself in the head, heart and the foot – just to make sure?
Posted on December 24, 2014 Updated on December 26, 2014
One year on, as the Federal Reserve celebrates another birthday, both Gold and Silver were beaten down in the London aftermarket close, while trading was at its lowest. And the Russian Rouble was similarly attacked by those behind the curtain.
As the Russian Rouble recovers some of its losses of the last week, in the last few days, I have been re-visiting some of my reading matter, of the last few weeks.
Ever since Russia annexed Crimea, ostensibly to give citizenship to ethnic Russians, but many feel it was to save its only warm water port, “The West”, has been ratcheting up the tension and the rhetoric on Russia.
The NATO block has interfered in Ukraine, too many times. The American led organisation the IMF, has been interfering, with its money, and the West has provided IMF led financial support to the Ukrainian Government and military, and rumours abound, that the IMF and its minions have taken Ukraine’s Gold – some 40 tons apparently – as a surety. (Rumoured to be the source of Holland’s recently returned 127 tons of Gold).
According to Bloomberg today, Ukraine has sold more of its Gold holdings, reducing its holdings from 26.1 tons, to 23.6 tons (2.5 tons) and Russia has bought more rising from 1,168.7 tons to 1,187.5 tons (18.8 tons).
But Russia is not the one in trouble – the Fed and the U.S. is. Russia’s Debt to GDP ratio is roughly 11 percent. What is the Debt to GDP ratio in the United States? According to the IMF it’s 112 percent. What is the Debt to GDP ratio in Japan? It’s a staggering 230 percent. And Russia is sitting on a lot of reserves of very valuable natural resources.
More:
http://moneymatterstoo.wordpress.com/2014/12/24/russian-roulette-is-the-west-about-to-shoot-itself-in-the-head-heart-and-the-foot-just-to-make-sure/?preview=true&preview_id=28691&preview_nonce=957e3242a0&post_format=standard