From The Daily Bell
Bank of England agrees Chinese London currency clearing hub … The deal is part of a plan to make London a key offshore Chinese currency clearing centre … The Bank of England has agreed a deal with the People’s Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed on Monday, sets out settlement and clearing arrangements for the renminbi, or yuan, in London. – BBC –
Dominant Social Theme: This is great for London’s City … and so surprising, too.
Free-Market Analysis: At the very top of the globalist enterprise is a power elite that is more closely aligned with each other than with their countrymen. This is hard for people to grasp, though.
For instance, the European Union is part of a larger elite gambit to create political and economic regions that can then be further consolidated. This sort of effort is ongoing. There are “unions” being built in South America, Africa and even Asia. And, of course, there is the much denied North American Union.
Under Putin, Russia is advancing the idea of a union with various countries that used to be its “satellites.” This might seem confusing to some because the impression is that Putin and the West are at odds. But centralizing and consolidating near-Asia obviously makes sense to Putin………