Wednesday, September 07, 2022

THE CITY OF LONDON RENMINBI INITIATIVE WAS LAUNCHED ON

18th April 2012.

The previous year there were 2 attendees from China at Bilderberg (as covered yesterday). 

In 2012 the same 2 from China attended Bilderberg.

As of June 2015 (one year before the Brexit vote) the following were members of this initaitive:

City of London Corporation, Agricultural Bank of China (UK), Australia and New Zealand Banking Group Limited (ANZ), Bank of China (UK), Bank of Communications (UK), Barclays, China Construction Bank (UK), Citi, Deutsche Bank, HSBC, Industrial and Commercial Bank of China (UK), Standard Chartered, JPMorgan and Royal Bank of Scotland.

Observers were from HM Treasury, the Bank of England, and the Prudential Regulation Authority.

For details see : RMB Internationalisation will Benefit from Stronger Transatlantic, Transpacific Coordination

Now we observe:

  1. Russia has allied with China and will be supplying cheap abundant Russian gas to China for the next 30 years;
  2. Russia has invaded Ukraine which has provoked the EU into slapping suicidal sanctions on Russian gas which will lead to a weakening of the EU and its currency;
  3. China is building many nuclear power stations while the rest of the world does not.

Conclusion is that China will be the dominant economy due to energy supply, and The City of London will make a fortune from financing business, commerce and industry between China and the EU.

Question : how has Brexit enabled this?

 

 

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