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Friday, May 17, 2024

China, Russia solidify economic cooperation.

 LONG TERM CONTRACTS ON ENERGY AND RESOURCES

UNMATCHED MUTUALLY BENEFICIAL AGREEMENTS


If you want to understand the relationship with Russia and China, just look at a map. With a border measuring over 2600 miles it is only natural that a friendly and economically beneficial arrangement would be in the best interests of both countries. This arrangement will also benefit all those countries that are adjacent to these borders. The recently enacted long term contracts on energy will give both partners a secure future, Russia, a steady income for some of their vast petroleum reserves and China a secure source of energy for their vast manufacturing capability.

Russia is also a leader in nuclear energy, not just the basic resources, but the technology of modern efficient nuclear reactors that will be marketed around the world. Chinese manufacturing and Russian technology will be a potent team that will not likely be challenged by any western powers at this time.

While western Europe and the U.S. have undertaken a policy of sanctions and isolation toward both Russia and China, the effect in the long term will be the isolation of the west from what is expected to be a growing economic prosperity in the rest of the world. the west comprises of about 1 billion people, the rest is now 6 billion, a vast market that has much more growth potential.

While many claim that Russia and China are plotting to displace the western world, the reality is they are just focusing on friendly mutually beneficial relationships without ideological agendas. So far, their approach has a very good chance of becoming the economic plan for the future.

The United States is in the enviable position of being protected by large oceans on most of its borders, It has the resources to be a self sustaining world power. It is in fact squandering its position by attempting to rule the world and impose its rule over everyone, it is failing. It is weakened by excess debt, internal division and a lack of any real objective view of the world. It still believes it can rule by intimidation and force, but the reality is the rest of the world is moving on.

Western Europe's chances of prosperity a very dim, they have adopted suicidal economic and cultural policies that leave them with only a declining economic future. Both the United States and western Europe still believe that they are essential to the economic well being of the rest of the world. While that may be partly true today, it is going to be very short term as the rest of the world is moving on.

The BRICS group has recently introduced BRICS pay to replace the western Swift settlement system. While it is still in its infancy it will free those who desire to escape economic sanctions and manipulation. 

Russia has recently opened the Moscow gold exchange which will provide a trading platform for the major gold producers which most are already in the BRICS groups. Presently the world gold price is set by the London exchange which is accused of market manipulation by thousand of contracts that actually represent more gold than there is in existence.  

It is a fact that the world is changing quickly and dramatically. the west is losing its leverage to control its direction by its present policies. Its best hope is a resignation that it will require more respect for others and hope to coexist in a mutually beneficial cooperation. It will require an inward housecleaning to prepare these counties for this new future.


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