Russian officials have repeatedly signaled their desire to conduct transactions with China using gold
JdN: I cannot think of anything that would scare, enrage and terrify the US (((Deep State))) more than major countries dumping the US dollar for gold and gold-backed currencies.
The US finances its world domination by printing worthless dollars and forcing the world to use them via its vast, worthless-dollar-financed military. If the dollar is dumped, the US would have to live within its means like any normal country does, the current unproductive US economy of cheeseburgers, bombs and welfare would collapse, and US hegemony will be over.
What the Russians and Chinese are doing is typical of the style of their respective leaderships: slow, careful, cautious, and well thought-out.
The Chinese are buying Russian oil, natural gas, and other things, and paying for it in solid gold.
This cuts the US out entirely and begins the end of the rule of th world by the US petrodollar, introduced by the psychopathic Jew Henry Kissinger, US Secretary of State, after the 1974 Arab oil boycott.
The petrodollar means all bills for oil (petroleum) in the whole world must be paid in US dollars, or else the US will basically find some way, some excuse, to declare war on you or otherwise destroy your economy and nation. This means that the US dollar, the one with the huge Star of David on the back, is backed by oil, something which people actually need to heat their homes, make plastic products, fuel their cars and many electric power plants.
This propping up of the worthless US dollar via oil purchases made only in dollars allows the Jewnited Snakes to print worthless green paper dollars and get in return real goods from China, Germany, Chile, etc., that is, real cars, smartphones, grapes, etc. in exchange for green paper.
But the more the US is shut out of international trade, the more its (((masters))) will panic and seek an excuse to start WWII to punish those countries that refuse to use the US dollar any more.
Henry Kissinger photographs a child as his father, the mayor of Providence, and my father, James Waddell Nugent, look on.
The girl later killed herself as an adult or was killed to shut her up, via a heroin overdose. Kissinger was a key figure in many wicked Deep State programs, including the MK-ULTRA rape and abuse of children program. https://johndenugent.com/english/kissinger-the-founder-of-mk-ultra/
Kissinger and David Rockefeller
……Russia’s largest, state-owned bank Sberbank announced on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange.
Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said.
Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.
Gold bars will be delivered directly to the official importers in China as well as through the exchange, Sberbank said.
Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.
Russian officials have repeatedly signaled their desire to conduct transactions with China using gold.
According to Sputnik, progress made in promoting bilateral trade in yuan is the first step towards an even more ambitiouns plan—using gold to make transactions:
On a visit to China last year, deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.
In April, Sberbank expressed interest in financing the direct import of gold to India—also a BRICS member.
As we’ve previously reported, a BRICS gold marketplace could be used to bypass the dollar in bilateral trade.
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