UnionPay a Chinese Credit Card…
Things are changing and I know that most western people are being left behind. The very least people can do is to keep abreast of the financial changes all over the world. Why? Okay I guess that is a fair question, because the world financial power shift has reached a new level and Russia and China are behind it…
This is why the U.S. is attacking Russia and China for that matter, at every turn of the page and screw…
First lets talk about:
Russia’s biggest banks – VTB- Gazprombank, Promsvyazbank, Alfa Bank, MTS, and Rosbank- are already making technical preparations, running tests on Union Bank cards. UnionPay has been accepted and is being implemented as you read this article…
This is the card (UnionPay) to go to, for Russians, until Russia has its own Credit Card system up and running. Russian banks overwhelmingly voted for creating Russian own system and credit card for the people. This takes time though and they say it will be done in 16 months from now; Called Pro 100…
UnionPay for those who do not realize is the largest credit card company in the world. They do not have the largest dollar volume, but they have more cards out in the world than anyone else and they are growing. That number will grow by millions more as Russians start applying and being accepted. It is a shoe-in and winner for all but the western world…
Soon there will another new credit card and it will be Russian and the piece of the pie just became smaller for the western world and bigger for the eastern world…
Second lets talk about:
Russia has publicly announced by Alfa Bank’s chief economist, Natalya Orlova, “Due to the worsening geopolitical situation, the Central Bank actively redistributed foreign exchange reserves, replacing US Treasury bonds with gold!”
Smart move on Russia’s part. Diversify into gold, and currency swaps with China and India…
Why is this important? I guess I need to explain why? For some people are not listening and watching what is happening, just like the credit card issue above, the gold situation is a serious matter…
It is simple: Gold and silver is real tangible money, not a piece of paper with no value other than the country presenting it. Gold has been valued all through history and when the $%#@ hits the fan, Gold and silver become exchange for goods, just as commodities become barter items…
Russia has been one of the worlds largest buyers and producers of gold in the world for over 10 years now. Russia has increased its buying of gold even as the western world has been selling its gold and China and India are buying right there as fast as Russia…
Gold is stability of an economy and Russia has long been critical of why the west debased itself from gold back in the Nixon era. That was a serious beginning to the end of the dollar, for paper has no value, ask the Weimar Republic and Zimbabwe, these are two great examples of paper money run amok destruction…
Actually it is all simple and just watch China and Russia as they maneuver to the new future…
Post by Kyle Keeton
Windows to Russia…