China and other countries create new Credit Rating Agency due to U.S. controlled Credit Rating companies. China trade deals with Greece - No dollar

A summit forum was held in Beijing on the 23rd of June between many countries to create an independent and new credit rating agency.  The new agency is: Universal Credit Rating Group - UCRG.

China and other countries do not trust the current big 3 credit rating agencies, which are controlled by the U.S., they accuse them of being politically motivated and don't rate correctly.

They state just as the credit rating companies had Lehman Brothers in 2008 at a A- rating when they went under and how Standard and Poors downgraded Russia after Ukraine, which shows corruption.

On September 15 2008, Lehman Brothers, an investment bank with a history dating back 158   years, suddenly went bankrupt. Just before the incident, American rating   agencies   had given an A-rating to Lehman Brothers. Why did the world rely on such unreliable ratings?Because Moody, Standard & Poor's and Fitch - the three biggest rating firms that take 96percent of the total market share - are all American companies. Due to   this anomaly, other countries plan to set up an international rating agency constituted by agencies of multiple countries which does not represent the interests of   any single country or narrow group.
the ratings given by the Big Three are incorrect, secondly, the current credit   rating agencies are inefficient, and thirdly, the credit ratings are often used as  political tools. In the Ukraine crisis, Standard & Poor's downgraded the outlook of  Russia  to "negative",which, in Villepin's opinion, suggested that the current system  is politically unreliable.

They accuse the current credit rating companies of being politically motivated and controlled.

It does not state all the countries who were at the summit and involved in the creation of UCRG, but I can guess Russia, BRICS and other Asian countries were there.

It appears that the world is leaving the U.S. behind in many ways, they are positioning themselves to be independent of the dollar and U.S. influence.

The Chinese Prime minister has been very busy.  Last week he was in the U.K and creating trading agreements with them without using the U.S. dollar.

 Now he has made agreements with Greece to trade with them using Sino-EU currencies without the dollar. 

More importantly, this kind of cooperation benefits business, Sino-Greek economic ties,and wider China-EU cooperation. Large volumes of Sino-EU re-export trade can be done through the port to reduce costs.

Do people see what is happening?  First it was Asian countries trading without the dollar now China is on the move and creating trading agreements with EU partners.  That is huge.  The EU countries aren't afraid of the U.S. (Big Bad Wolf - who invades for dollar supremacy).  The U.S. can't exactly invade every country for dropping the dollar.  The writing has been on the wall but it appears it is going faster and faster in being written on every wall.