The Wake Up Project

St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies. "About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg. The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities. The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said. "That has forged an important step in bilateral ...

After spending much time in the Middle East I have come to appreciate the politics of the region as well as its geography. I am taking some analysis done by Project Mayhem a bit further to offer my interpretation of the events to come as I believe we have only scratched the surface of what I believe is coming. I would also like to include ZH’s ship report as further evidence that my analysis may not be too far off. So let’s get started: It all started with the disappearance by the Israeli prime minister as reported by the Jerusalem Post Basically, the Kremlin had a “Secret” undisclosed meeting with Israel’s prime minister. One can conclude that this was not for some sweet Russian vodka but one can only guess. Surprisingly, within the next few days Russia announces that it will not include Iran in the Caspian Sea talks which Iran has participated in since 2001. Hmmm…that must have been some damn good vodka! Iran seriously pissed about that …released this statement . On Sept 10, 2009 an ...