24 November 2010

Benake gets a smack!


Wow happened faster than I thought, China/Russia are kind of tired of the US printing presses going like crazy..... looks like the trade war is on.

Unfortunately this may mean that London is also buggred too! As London is one of the middle men who scrape a % off the dollar intermidiary trades! kaboom!


Here

St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.

"That has forged an important step in bilateral trade and it is a result of the consolidated financial systems of world countries," he said.

Putin made his remarks after a meeting with Wen. They also officiated at a signing ceremony for 12 documents, including energy cooperation.

The documents covered cooperation on aviation, railroad construction, customs, protecting intellectual property, culture and a joint communiqu. Details of the documents have yet to be released.

Putin said one of the pacts between the two countries is about the purchase of two nuclear reactors from Russia by China's Tianwan nuclear power plant, the most advanced nuclear power complex in China.

Putin has called for boosting sales of natural resources - Russia's main export - to China, but price has proven to be a sticking point.

Russian Deputy Prime Minister Igor Sechin, who holds sway over Russia's energy sector, said following a meeting with Chinese representatives that Moscow and Beijing are unlikely to agree on the price of Russian gas supplies to China before the middle of next year.

Russia is looking for China to pay prices similar to those Russian gas giant Gazprom charges its European customers, but Beijing wants a discount. The two sides were about $100 per 1,000 cubic meters apart, according to Chinese officials last week.

Wen's trip follows Russian President Dmitry Medvedev's three-day visit to China in September, during which he and President Hu Jintao launched a cross-border pipeline linking the world's biggest energy producer with the largest energy consumer.

Wen said at the press conference that the partnership between Beijing and Moscow has "reached an unprecedented level" and pledged the two countries will "never become each other's enemy".

Over the past year, "our strategic cooperative partnership endured strenuous tests and reached an unprecedented level," Wen said, adding the two nations are now more confident and determined to defend their mutual interests.

"China will firmly follow the path of peaceful development and support the renaissance of Russia as a great power," he said.

"The modernization of China will not affect other countries' interests, while a solid and strong Sino-Russian relationship is in line with the fundamental interests of both countries."

Wen said Beijing is willing to boost cooperation with Moscow in Northeast Asia, Central Asia and the Asia-Pacific region, as well as in major international organizations and on mechanisms in pursuit of a "fair and reasonable new order" in international politics and the economy.

Sun Zhuangzhi, a senior researcher in Central Asian studies at the Chinese Academy of Social Sciences, said the new mode of trade settlement between China and Russia follows a global trend after the financial crisis exposed the faults of a dollar-dominated world financial system.

Pang Zhongying, who specializes in international politics at Renmin University of China, said the proposal is not challenging the dollar, but aimed at avoiding the risks the dollar represents.

Wen arrived in the northern Russian city on Monday evening for a regular meeting between Chinese and Russian heads of government.

He left St. Petersburg for Moscow late on Tuesday and is set to meet with Russian President Dmitry Medvedev on Wednesday.

1 comment:


  1. FREE SAMPLE AVAILABLE FOR COUNTERFEIT MONEY AND DOCUMENTS TO contact.(perfectmoney4sale@gmail.com)

    TOP QUALITY COUNTERFEIT MONEY FOR SALE. DOLLAR, POUNDS, EUROS AND OTHER CURRENCIES AVAILABLE WE HAVE PARTNERS IN ALMOST EVERY COUNTRY SO IF IN CASE YOU ARE LOOKING FOR A FACE TO FACE BUSINESS THEN JUST CONTACT AND STATE YOUR LOCATION AND YOU SHALL HAVE YOUR BILLS

    With over a billion of our products circulating around the world. We offer only original high-quality counterfeit currency NOTES. We ship worldwide. We also print and sell Grade A banknotes of over 52 currencies in the world. Here is your chance to be a millionaire. Our money is perfectly reproduced,Indistinguishable to the eye and to the touch. We are sending in various sizes, packed and hidden. All our notes carries all the holograms and water marks and passes the light detector test. We will deliver the money directly to your home without the interference of customs . we have a Huge quantity ready in stock.

    We use latest technology to produce our notes so that it looks 100% identical to the real note. This thus implies all security features present in the real notes are present in the note we make. Our team is made up of Quality IT technicians from Morocco, US, Russia, India, Korea and China etc We offer high quality counterfeit NOTES for all currencies.

    Why would you buy from us?

    Our banknotes contain the following security features that make

    it to be genius and we have the best grade counterfeit in the world both Euro and Dollar and any bills of

    your choice you want.

    Security features of our bank notes below :

    Intaglio printing

    Watermarks

    Security thread

    See-through register

    Special foil/special foil elements

    Iridescent stripe / shifting colors.

    Our banknotes are printed on 80% cotton 20% cellulose paper which differs substantially from normal paper.



    -My Minimum order is 5000fake counterfeit for 500- Shipping is free

    -Face to face Cash on Delivery will be schedule. Some people will want me to send my agents to them so that they can buy directly but for me to send out my agents. There must be a minimum order you want to buy. 120,000 fake counterfeit notes for 20,000 when it comes to face to

    face buying.


    !!!! ABOUT DOCUMENTS !!!!

    Getting a fake and a real passport, ID or driving
    license any other document is simple. we can make you both real and
    fake documents.
    However, the real documents are more expensive than the fake because
    it takes time, skill and contacts to get it done. Note that, the fake
    is going to be 100% unique and in very good quality. The difference is
    based on the registration of the numbers. The real Document will be
    registered with the country's database so you can use it to travel to
    any country of your choice in the country, mean while the fake will
    not be registered but can be used as well.



    !!!!!!!! CONTACT FOR MORE DETAILS!!!!!!!!


    Email-: perfectmoney4sale@gmail.com
    Skype Name: perfectmoney100%


    E-Mail US Your Questions and Comments.



    SERIOUS INQUIRIES ONLY PLEASE

    ReplyDelete