BRICS: ‘ US Policies, Russian Sanctions lead to a Russian-China Global Currency ‘
#AceFinanceNews – Featured Report:June.06: I have posted on here about the changes in currency – related to BRICS and two major players Russia-China, for a while. My time-line of collapse is at the bottom with all my posts on the link, for anyone. This post is my featured one today:
‘ The main players in the game of currency change ‘
Blind adherence to US policies and the introduction of anti-Russian sanctions have turned fatal for Europe; the axis of Russia-China-BRICS is set to overturn the global economic system and to prevail over the hegemony of the US, according to the chief economist of the German Bremer Landesbank.
The real damage to the EU countries caused by the launch of anti-Russian sanctions is much more comprehensive than that estimated by the statistics, Folker Hellmeyer, chief economist of the German Bremer Landesbank told in an interview with Deutsche Wirtschafts Nachrichten.
“The slump in German export volume by 18 percent in 2014 and by 34 percent for the first two months of 2015 is just the tip of the iceberg,” he said. “There are much more of the side-effects.”
“European countries, like Finland and Austria, who have strong developing businesses in Russia, place fewer orders within Germany. Moreover, the European corporations evade sanctions and create high-efficient production facilities in Russia.
We, therefore, lose this potential capital stock, which is the basis of our prosperity, and Russia wins.”