OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

What if China and Russia are doing coordinated selling in the bond market in response to sanction?

Posted by Buygold @ 11:43 on September 12, 2014  

China Daily: “Western Sanctions Will Make Moscow Back The Chinese Yuan Against The Dollar”

Tyler Durden's picture

snip:
  There is more to Beijing’s reaction than just watching and drawing conclusions. The apparently long-term rupture of Russia’s relations with the West offers an opportunity to the Chinese leadership to enhance its already close relationship with the Kremlin and thus turn the global geopolitical balance in its favor – not unlike former US president Richard Nixon and former secretary of state Henry Kissinger who reached out to Chairman Mao Zedong in 1972. The Russians, angry with Washington, are now more amenable to giving China wider access to their energy riches and their advanced military technology. The Western sanctions pushing Russia out of the international financial system are also making Moscow more ready and willing to back the Chinese yuan against the US dollar.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.