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Americans Asleep? No Reaction to China Expanding Trade with Russia & Now Germany! Too Busy in Kiev Making Warbucks?
Thursday, May 8, 2014 0:38
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China is to re-open the old Silk Road as a German, Russian and Chinese Trade Route racking up the Petro-Rouble’s Serious Challenge to US Dollar Hegemony.
The hidden surprise under the Silk Line locomotive Smoke is the German connecton - with Frankfurt joining London, Singapore and Hong Kong in the fast-moving market for bonds denominated in the Chinese currency, the Renminbi.
What’s even more surprising is the curious silence of the Anglo-American Media as it must be aware of the global economic power shift to China?
Germany’s KFW development bank announced it was issuing a two-year bond with the volume of 1 billion Renminbi at the Frankfurt Stock Exchange.
Germany signed agreements with Chinese financial authorities in March that permit the sale of Dim Sum bonds at that Exchange.
The deal also means Frankfurt will become the first offshore “clearing centre” for exchanging euros for Renminbi, which are needed for buying Dim Sum bonds.
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PETRO ROUBLE CHALLENGE
