#AceNewsServices – Nov.14 – Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it.
If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen.
The name of this treaty is “the Trans-Pacific Partnership“, and the text of the treaty is so closely guarded that not even members of Congress know what is in it. Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia,Mexico, New Zealand, Peru, Singapore and Vietnam.
These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy.
And it is hoped that the EU, China and India will eventually join as well. This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.
#AceWorldNews – RUSSIA/CHINA – August 10 – The Russian and Chinese central banks have agreed on a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.
As China’s exporters were hit by the global recession in 2008, the People’s Bank of China began stepping up her intervention programme to prevent appreciation of the Yuan. By April 2011 Chinese state controlled banks had accumulated over one trillion in US treasuries and over 1.5 trillion in other dollar assets. China has indicated she plans to further rebalance her economy towards domestic consumption, and intends to stop buying dollar assets by 2016. (Photo credit: Wikipedia)
“The draft document between the Central Bank of Russia and the People’s Bank of China on national currency swaps has been agreed by the parties,” and is at the stage of formal approval procedures, ITAR-TASS quotes the Russian regulator’s office on Thursday.
The Russian Central Bank is not giving precise details on the size of the currency swaps, nor when it will be launched. It says this will depend on demand.
According to the bank, the agreement will serve as an additional instrument for ensuring international financial stability.
Also, it will offer the possibility to obtain liquidity in critical situations.
“The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said.
Currently, over 75 percent of payments in Russia-China trade settlements are made in US dollars, according to Rossiyskaya Gazeta newspaper.
A while ago l predicted the currency changes in the market to a number of my colleagues who then could not see the“Sign of the Times” but l was looking at a number of indicators. These were that the Chinese believe in keeping to customs and are steeped very much in the past ,so much so that they would keep their“Sovereign Currency” the Yuan in tact.
Their decision on many occasions has been to not devalue, as so many other countries have advised.
They have stuck to their guns and the time is coming when this “Third World Currency” will become one that everyone will want to trade!
So to today’ s article in the AFP it deals with changes and how the deals with both London and Singapore will challenge the once “Almighty Dollar“ and how with new free-trade zones opening up ,it could well one day become the “People’s Currency” then where will this leave these oil rich nations.
The demise of the “Petro-Dollar ” could we finally see the end of OPEC and their stranglehold on the per barrel price.
Search Results: #AceFinanceNews
#AceWorldNews says Russian President Vladimir Putin agreed to visit Japanese Prime Minister Shinzo Abe in Japan this autumn, signifying a warming of relations following an ongoing island dispute that neither wishes to stand in the way of trade.
“We have seen a good environment created that could help resolve the most difficult problem in bilateral relations,” Putin said before talks began.
Abe told a news conference in Sochi: “Japan and Russia want to solve complex problems and sign a peace treaty as soon as possible.”
The leaders will first meet again at the 40th G8 Summit, also to be held in Sochi in June.
Putin’s press secretary, Dmirty Peskov, confirmed to ITAR-TASS that the visit to Japan is scheduled for October.