2015-02-12 Cold War 2.0 is a currency/banking war
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Following lowering of Russian bonds to junk level by S&P, China's rating agency issues a contrary opinion.
One should also recall that S&P was repeatedly fined by the US gov itself for fraud in its rating (see link under comment), so that the S&P rating cannot be taken at face value.
The current currency/banking warfare, initiated by the BRICS nations and escalated by the US, is ushering in the development of alternative financial systems, independent of US hegemony - the opposite of US intent.
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Following lowering of Russian bonds to junk level by S&P, China's rating agency issues a contrary opinion.
One should also recall that S&P was repeatedly fined by the US gov itself for fraud in its rating (see link under comment), so that the S&P rating cannot be taken at face value.
The current currency/banking warfare, initiated by the BRICS nations and escalated by the US, is ushering in the development of alternative financial systems, independent of US hegemony - the opposite of US intent.
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