De Dollarization: China and Russia Lay Ground for Alternative to Dollar System
F. William Engdahl explains how the China Belt Road project is far more than steel and ports. Together with Russia, China is carefully laying the ground to create a gold-based payment system that will avoid the dollar. Engdahl explains how the issue by the Russian government of $1 billion state bonds in Chinese Yuan fits into that grand design to give an alternative to a bankrupt Dollar System that’s choking the world economy. Plus, Engdahl explains the groundbreaking summit with 16 central and eastern European states and China blacked out by the media as Eastern Europe turns to China Silk Road – exclusively for Newsbud community members.