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Start of BRICS Gold-Backed Trade Pushing Deep State Desperation at All-Time High

from Covert Geopolitics:

It appears that the real reason why Trump capitulated to the Deep State so quickly is the final BRICS leadership’s decision to start the dumping of the fiat dollar in matters of mutual trade and economic cooperation between the BRICS member countries.

This latest counterattack against the Khazarian banking dynasty is definitely putting Donald Trump’s most ambitious campaign promise of “Making America Great Again” through economic recovery and military upgrade in grave danger, as the BRICS Alliance starts requiring the US government to pay for BRICS resources with real, hard currencies only.

Recently, Russia and China move ahead with the establishment of reciprocal clearing centers in Moscow and Beijing.

China Opens Moscow Clearing Bank for Handling Transactions in Yuan

17:12 27.03.2017

The creation of the clearing center enables the two countries to further increase bilateral trade and investment while decreasing their dependence on the US dollar. It will create a pool of yuan liquidity in Russia that enables transactions for trade and financial operations to run smoothly.

Rubles and yuans

In expanding the use of national currencies for transactions, it could also potentially reduce the volatility of yuan and ruble exchange rates.

The clearing center is one of a range of measures the People’s Bank of China and the Russian Central Bank have been looking at to deepen their co-operation.

This highly coordinated dollar dumping was initiated 10 years ago, to give the West enough time to adjust to the new reality that the East could no longer sit idly by as the other side continued with its regressive foreign policies. Such offensive was capped with a massive display of cultural strength meant to correct the false technological claims of the West, during the Beijing Olympics, a year later.

Incidentally, what was to be a gradual move from fiat to gold-backed currencies still resulted in the 2008 Western financial crash, massive resignations of the banking CEOs in 2012 [here], Libor and other interest rigging investigations, and finally, the unprecedented Papal resignation of Benedict XVI in 2013.

Considering the sheer size of the BRICS economies, this decision to dump the dollar should put the Khazarian Mafia where they should be, i.e. into the dustbin of irrelevance.

Good as Gold: Why Russia and China Are Busy Buying Bullion

“Market watchers believe even that amount of gold in China’s central bank vaults is being politically vastly understated so as not to cause alarm bells to ring too loud in Washington and London,” Engdahl remarks.

Yekaterinburg Non-Ferrous Metals Processing Plant

… “The currencies of Russia, China and other Eurasian countries are moving to become as ‘good as gold,’ a term applied to the US dollar some six decades ago. The fact that Russia also has an extremely low debt-to-GDP ratio of some 18% compared to 103% for USA and that of the EU Eurozone countries of 94%, of Japan more than 200% of GDP, is a fact that Western rating agencies engaged in the US Treasury’s financial warfare against the Russian Federation conveniently ignore,” Engdahl concludes, stressing that Russia’s is currently more healthy than that of the Western developed countries.

The China-Russia enviable cooperation covers agriculture, trade and finance, to military and energy. The first $400 Billion energy project between the two countries alone has rendered all offensive mechanisms and economic sanctions of the West irrelevant [here].

So that, it did not come as a complete surprise when Vlad himself boldly proclaimed in 2015 to dump the dollar.

Read More @ Geopolitics.co

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