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.

China and Australia to Hasten FTA (Free Trade) negotiation. Wants an agreement quickly. Sydney to be an Official Yuan trading exchange.

China and Australia have been in FTA (Free Trade Agreement) negotiations since 2005.  Now China  and Australia are rushing and get an agreement set between them.  

China has signed FTA agreements with 31 countries so far.  There are 18 trade zones.  They have been expanding the use of Yuan with those agreements.  The U.S. dollar used to be the currency traded between every country for all goods.  That is why the U.S. dollar had always been in demand and accepted everywhere.

Portion from the signed agreements link above:

Among the current batch of agreements, China has signed 12 free trade agreements (FTA)with countries and regions including the ASEAN, Singapore, Pakistan, New Zealand, and Chile, a Closer Economic Partnership Arrangement (CEPA) between the Mainland and Hong Kong, and an Economic Cooperation Framework Agreement (ECFA) between the Mainland and Taiwan. With the exception of the FTAs between China and Iceland and China and Switzerland, which have not yet become effective, the other ten FTAs have been implemented.

To understand what China has been doing since 2008, here is an article from 2009 how China began expanding the accepting of Yuan in trade and agreements they made.  Since then China has set up Yuan exchanges and has been trading without the U.S. dollar involved.    I have written about China's agreements with Brazil and all the other BRICS and the dropping of the U.S. dollar between them.   Last Year BRICS formed an emergency currency exchange between them.   Last year, they did a cross border loan exchange before the RMB became international.   In 2012, BRICS signed a local currency exchange agreement. 

China has been discussing with Australia a FTA but has never gotten anything worked out between them.  But now both are wanting to rush an agreement between them.  Why is that?  What do they know that we don't?

I believe it comes to what is happening with Russia and Ukraine.   I believe China and Australia knows the U.S. dollar is going to be imploding soon when Russia completely drops it in trading.  After Russia drops the dollar, those countries that were too fearful of the wrath of the U.S. (they saw what happened to Iraq, Libya, tried on Syria) from an invasion and destruction of the country, if one dared dropped the dollar.  We will see many countries trading with Russia, including Europe (if they want gas) through Gold, Ruble or maybe even the Yuan for goods/energy.

From link:  Notice almost every sentence has something about 'rushing, hurried, as soon as possible'.


China and Australia on Saturday voiced hope to hasten negotiations on a Free Trade Agreement (FTA) and strike a deal as soon as possible.


"It is a common aspiration of businessmen from both countries and also an important consensus reached by leaders of the two countries to speed up the FTA negotiations," Wang said.

Wang called on both governments to meet halfway and show flexibility in the FTA negotiations to make tangible progress at an early date.

For his part, Abbott said development of economic and trade relations between Australia and China had moved rapidly in recent years and he expected an FTA deal at the earliest possible opportunity.


Right there... the words being used says a LOT!  The article does not mention a currency that would be used.  But all you have to do is read this article out on April 11 2014 about Sydney becoming an official offshore trading exchanged for the Yuan.

Portion from above article:

CANBERRA, April 11 (Xinhua) -- Australia and China have agreed to enhance offshore market development of the Renminbi (RMB) and the central banks of both countries are working together on potential future clearing and settlement arrangements in Sydney, Treasurer Joe Hockey said in a press release on Friday.

Once the arrangements are finalised, it will place Sydney alongside Hong Kong, Singapore and Taiwan as an official trading hub for the yuan, the Australian Financial Review reported.

"Australia is at the forefront of countries working with China to support international use of the RMB," Hockey said, " Australian banks and their Chinese counterparts have worked hard to promote direct trading of the two currencies."

Monthly trading volumes have increased more than seven-fold in the past year to 2.4 billion U.S. dollars from 324 million U.S. dollars equivalent before direct trading.

Last April during then Prime Minister Julie Gillard's visit to China, both countries announced a direct exchange between the Aussie dollar and the Renminbi.The Australian dollar has become the fourth most traded currency on China's Foreign Exchange Trading System and "there is significant potential for this market to grow", said the treasurer.

With all of this information above. Those who are paying attention know something is happening with the U.S. dollar and it is not good. The rush to get an FTA agreement between Australia and China, with China, Australia opening up an international currency exchange in Sydney proves the writing is on the wall for the U.S. dollar.

The only questions left are: How much longer does the dollar have? How soon will Russia, China, Middle East, and Australia drop the dollar completely for trade between them?

David Morgan Interview. Computing Today's cash dollars on market - Gold would be $10,000, Silver 1,000 per ounce

I interviewed David Morgan of Silver-Investor  about what is happening in the metals market right now and how the events of the world are and will affect the metals.

We discuss how the sanctions against Russia and their bartering with Iran for oil now can lead Gold and Silver much higher in the markets.

We discuss how the manipulation could end of Gold and Silver and what it would take.

We discussed Silver being the most important metal in the world.  Here is an article I did about that and why it is the most important metal. 

David computes the amount of M1 (dollars in cash) circulating in the world, not credit, derivatives or fractional system of digital money to what Gold and Silver would be at, if we used the Gold standard.   He did not even attempt to compute the fractional money system to Gold and Silver prices because that would really put Gold and Silver at prices that are Zimbabwe numbers.

The interview is worth listening to.

David has excellent insight to the metals market and helps people understand the value of them and where the markets could head in the future.

BRICS formed an Emergency Currency Pool between them during G20 meeting. Worth 100 Billion

The BRICS formed an emergency Currency Pool agreement of their collective currencies during the G20 meeting.