China, Russia and Iran planning counter gold backed currency
Is this True opposition to the current Debt based Dollar?
A Eurasian Golden Triangle is emerging with China, Russia and Iran as the three key points, F. William Engdahl notes.
“Sometimes profound tectonic shifts in the global politics arise from the least noticed events. Such is the situation with Iran and the recent visit to Tehran of China’s President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden Triangle, of nations committed to peaceful economic development, is now in place,”
On January 23, Chinese President Xi Jinping and his Iranian counterpart Hassan Rouhani signed almost 17 agreements on economic and technological cooperation. Furthermore, the leaders announced they will cooperate on the China-led One Belt One Road initiative. Engdahl calls the formal inclusion of Iran into China’s New Economic Silk Road project “a giant positive step.” According to Engdahl, it will allow Tehran to “break years of economic isolation” and will open doors to the region’s economic development.
Referring to the fact that Iran currently has SCO Observer status Engdahl envisages that Iran will be formally admitted as a full member of the Shanghai Cooperation Organization (SCO) at their next annual meeting this summer.
“We’re seeing the emergence of a true Eurasian Golden Triangle with China, Russia and Iran as the three key points. “With the stated plan to route the Silk Road rail infrastructure to assist the mining of new gold for currency backing of the Eurasian member states, including now Iran with its significant own unexploited gold, the hyper-inflated, debt-bloated dollar system is gaining a formidable positive alternative.
Original Article: Here