With holiday chaos, traveling and families getting together for Christmas, many may have missed an announcement that will change the world as we know it, where China has announced the launch of Yaun trading with Russian Rubles, set to begin on Monday, December 29, 2014!
As is explained in the Zero Hedge article discussing this announcement and the ramification of it, this will "not only enable and make direct currency trading more efficient by sidestepping the dollar entirely, but also allow Russian companies to budget in Chinese Yuan terms."
Directly from the Zero Hedge article, we see what the effects of this huge news will be:
So while the US continues to parade with "destroying" the Russian economy, even if it means crushing the shale industry, aka the only bright spot, and high-paying job-creating industry in the US economy over the past 5 years, Russia and China continue to be nudged by the west ever closer monetarily and strategically, until one day, as we have long predicted, China and Russia will announce a joint currency, one backed by both China's "surprising" gold reserves and Russia's commodity hoard.
Things are about to get VERY interesting......
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