The Obama Years- A GOP love story

[CRedskinsRule]

Maybe BRICS and the Russia/China/US dynamic deserves it's own thread, but I guess I'm not there yet.

Sept 26th will mark the opening of the Shanghai Gold Exchange International Board. Why is that noteworthy? Well, as was stated earlier, there is a huge push by the BRICS nations to break the US Dollar's position in the world. From a May 27th article, here are a few key developments:

Shanghai Gold Exchange International Board Another Blow To US Dollar

As we can see power shifting from West to East on a daily basis at the current time of writing, in the fourth quarter of this year the Shanghai Gold Exchange (SGE) will launch an international board in the Shanghai Free Trade Zone (FTZ) for investors worldwide to trade gold spot contracts denominated in renminbi. The purpose being is becoming not only the world’s primary physical gold market but also increase pricing power and internationalize the renminbi.

Shortlist of recent developments regarding the rising powers in the East:

Russia’s central bank bought 28 metric tonnes of gold in April
Russia set up a Euarsian Economic union with Belarus and Kazakhstan
Russia dumps record amounts of US treasuries
Russia closes an energy deal with China worth $400 billion (amongst 40 other business contracts)
Putin says Russia and China need to secure their gold and currency reserves
China openly calls for de-Americanization of the world
China, Russia, Iran and 21 other countries bolster cooperation to promote peace, security and stability in Asia
China is buying assets all over the globe and investing in infrastructure in Africa and West Asia
China is importing unprecedented amounts of physical gold

The SGE international board will be another blow to the US dollar hegemony, as more people around the world will hold renminbi, use the renminbi for trading gold and China wil have more power in pricing gold, though the international board’s pricing power can only be wholly exploited when the renminbi is fully convertible.

This twitter feed sums the idea up:
DJ Rubiconski ‏@Rubiconski 28m
GOOD-BYE USD, hello PETROGOLD! #BRICS gold exchange standard currency starts Sept 26 w/ the SHANGHAI GOLD EXCHANGE opening to foreigners!

(that feed is pretty much pure propaganda but I am always interested to hear the opposing side of things)

[NC_Skins]

https://movies.yahoo.com/news/michae...211803862.html

Michael Moore dropping the bombs on Obama.

"When the history is written of this era, this is how you'll be remembered: he was the first black president," Moore said during a discussion at The Hollywood Reporter's video lounge at the Toronto Film Festival.

"OK, not a bad accomplishment, but that's it," the director said. "That's it, Mr. Obama. 100 years from now, 'he was the first black American that got elected president' and that's it. Eight years of your life and that's what people are going to remember. Boy, I got a feeling, knowing you, that -- you'd probably wish you were remembered for a few other things, a few other things you could've done."

"So, it is, on that level, a big disappointment," Moore said.