Sign Of The Times

Mortal Mindy's picture

Another perspective, is the world flat, or tis it round and soft ... Sign of the Times: http://www.sott.net/

http://www.sott.net/article/310026-Community-of-Destiny-Russia-China-tak...

CoD; is this the new "Community of Destiny"?

A reminder of BRICS - "Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia's economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.

Later in November the Russian Energy Ministry has announced that it will begin test-trading of a new Russian oil benchmark. While this might sound like small beer to many, it's huge. If successful, and there is no reason why it won't be, the Russian crude oil benchmark futures contract traded on Russian exchanges, will price oil in rubles and no longer in US dollars. It is part of a de-dollarization move that Russia, China and a growing number of other countries have quietly begun."

Erm, yep am already getting me BRICS & BREXIT confused... and I can't spell museily, bite sized:

"Because all other nations need to acquire dollars to buy imports of oil and most other commodities, a country such as Russia or China typically invests the trade surplus dollars its companies earn in the form of US government bonds or similar US government securities. The only other candidate large enough, the Euro, since the 2010 Greek crisis, is seen as more risky."

"It was the advent of "paper oil," oil traded in futures, contracts independent of delivery of physical crude, easier for the large banks to manipulate based on rumors and derivative market skullduggery, as a handful of Wall Street banks dominated oil futures trades and knew just who held what positions, a convenient insider role that is rarely mentioned inn polite company. It was the beginning of transforming oil trading into a casino where Goldman Sachs, Morgan Stanley, JP MorganChase and a few other giant Wall Street banks ran the crap tables."

The interesting bit  "The American Society of Civil Engineers in 2013 estimated $3.6 trillion of basic infrastructure investment is needed in the United States over the next five years. They report that one out of every 9 bridges in America, more than 70,000 across the country, are deficient. Almost one-third of the major roads in the US are in poor condition. Only 2 of 14 major ports on the eastern seaboard will be able to accommodate the super-sized cargo ships that will soon be coming through the newly expanded Panama Canal. There are more than 14,000 miles of high-speed rail operating around the world, but none in the United States."

Is this true?  Who cares ... this is not America tra la la la la ...

Best not mention the Aristocratic Bank of Shafters .... Grrrr ... Erm,  Gosh I don't 'alf read some crap .... 

Floating around in a tin can .... https://www.youtube.com/watch?v=TWP9lkrhLRo

Peskys... Port Life. Parked.

Musily . A slight ocd moment ;-0  https://www.youtube.com/watch?v=gTykWT7r-IM

Flakes.