The Russian China economic, trade, and monetary alliance is a bulwark against the collapse of the West's USD based fiat monetary system. They have amassed a collective War Chest of gold ( totalling 57,000 tonnes according to Ronan Manly @ GoldStar Bullion ) to underpin the parallel settlement of contracts through the SGE ( Shanghai Gold Exchange ) and as a basis for the MWS ( Moscow World Standard ) gold repricing standard that will render obsolete the LME, LBMA, and COMEX. The West’s grip on manipulation to save the reserve USD is finished.
The derivatives in energy are being brought to zero by the chasm between the traded price and the physical availability. In simple terms paper vs physical supply. And just like in all other commodities, and metals especially silver the unwinding of the derivatives house of cards has begun in earnest. The contagion affect will freeze liquidity and destroy bond (debt/credit markets. https://youtu.be/J5ImKGz2QQo
The Russian China economic, trade, and monetary alliance is a...
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