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Cara posted an update 7 years, 11 months ago
“Confidence in the world economic system, which is based on the actual monopoly of the West in the sphere of financial and economic rules, has been shattered. The politicization of economic relations by the countries that have established these rules is too obvious, which causes attempts by non-Western states to reconsider fundamental principles.”
http://valdaiclub.com/events/posts/articles/cold-war-recalibration/
The Giza Forum (Legacy)
Closed Archive of The Old Forum
“Anton Siluanov said that Russia is ready to use the euro for financial settlements if the European partners state an unambiguous position. Meanwhile, Xavier Rolet, Chief Executive Officer of the London Stock Exchange Group Plc (2009-2017), expressed doubt that the euro will be able to become an alternative to the dollar in the foreseeable future, but he stressed that the world needs a global currency or a basket of currencies to make the basis of the world economy less volatile.”…. BUT the financiers make money from the volatility so why would they ever pursue this?