“China and Russia are changing the financial architecture of the world, award-winning author, sociologist and geopolitical analyst Mahdi Darius Nazemroaya emphasizes, recommending the Wall Street financial elite to focus on America's domestic problems instead of trying to undermine China's economy. The rise of the yuan sends shivers down the spine of America's financial elite: fearing that the dollar's decline is just around the corner Wall Street financiers are making vain attempts to damage the Chinese stock market and undermine investors' confidence in China's currency.”
“The US-led economic world order is being altered by China and Russia, which are so far directly challenging the monopoly of the Washington-influenced Bretton Woods system. At the same time, the EU banks and governments find the Chinese currency very attractive due to its stability. Thus far, Washington and Wall Street have launched a financial war against Beijing and Moscow.”
“The US Congress and White House accused Beijing of "financial manipulation." But the truth of the matter is that the US financial elite wanted the Chinese to let the yuan to rise thus far ruining the country's economy.”
“Instead of waging financial wars against China, Washington and Wall Street should be focused on the US' own domestic problems, Nazemroaya remarked, adding that 'despite the wishes of Wall Street and Washington, the Silk World Order is moving forward.'”
As BRICS are in the processes to decouple economies from the Western neoliberal monetary monopoly, they could bring back the gold standard as a base for their transactions, which is much more steady than the paper money unstable financial bubbles. They are ready, because they are emerging economies with billions of potencial consumer tanks and can attract other countries too being victims of the international financial mafia, like Argentina and Greece.
Putin will seek further autonomy for the Russian economy and further state control of the banking system in order to protect it by foreign financial speculative games. It seems that BRICS increasingly gaining financial independence from the Western neoliberal bloc. This will bring further panic to the Western oligarchs as may fear that a fast growing Russian economy could become a new model for other countries even from the Western sphere of influence.