Russia’s activity in the Asian region may undermine the world financial domination of the United States. Russia has recently concluded major oil and gas contracts with leading Asian countries. According to the South China Morning Post, Russia’s ambitious gas projects in the Far East may trigger a sharp decline in the volume of US oil and gas contracts with Tokyo and Beijing. A change in... 

A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar Frederick William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. The irony of the situation is that the central banks of China, Russia, Brazil and other countries “diametrically opposed”... 

The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT. Russia’s gold purchases accounted for a third of the world’s total of 461 tons, according to research by Thomson Reuters GFMS (Gold Fields...