Asia & Africa needs its own credit rating Agency. We should stop using western ones!!
Asia and Africa needs its own credit rating agency. Western based ones such as Fitch, Modys etc. They have their own agenda. How can Mody downgrade China when they have trillions of US Doller reserves. They are out of their mind. This shows they have bais towards anything not western. If necessary we could include Latin America too.
Their should be altanative to Visa and Master cards and Swift bank transfer systems. China has relible Union credit cards. Which Russia used to create its own network. We need an alternative to Swift, bacause they block countries that do not back the western line.
The dollarisation of Centeral banks has to change to another Asian currency. We should be able to trade for goods and services using our own asian currencies. Asian countries should go to Opec and tell them that they allow Asian currencies to be used for oil trade. Try to persuade them as China has successfuly done.
There should be Asian and African clearing house based in China so western backed agencies cannot block central bank to central bank money transfer. Western countries knows what are the ramification to block China.
Strong Asian convertable currencies are Japanese Yen,Singapore Doller, Saudi Riyal, UAE dhirhams, Kong Kong Dollar, South Korean won, Kuwait Dinar, Qatar Riyal,etc
Chinese yuan is not fully convertable yet, Russian rouble and Indian rupee cannot be gurranteed and trusted.
Asia and Africa needs its own credit rating agency. Western based ones such as Fitch, Modys etc. They have their own agenda. How can Mody downgrade China when they have trillions of US Doller reserves. They are out of their mind. This shows they have bais towards anything not western. If necessary we could include Latin America too.
Their should be altanative to Visa and Master cards and Swift bank transfer systems. China has relible Union credit cards. Which Russia used to create its own network. We need an alternative to Swift, bacause they block countries that do not back the western line.
The dollarisation of Centeral banks has to change to another Asian currency. We should be able to trade for goods and services using our own asian currencies. Asian countries should go to Opec and tell them that they allow Asian currencies to be used for oil trade. Try to persuade them as China has successfuly done.
There should be Asian and African clearing house based in China so western backed agencies cannot block central bank to central bank money transfer. Western countries knows what are the ramification to block China.
Strong Asian convertable currencies are Japanese Yen,Singapore Doller, Saudi Riyal, UAE dhirhams, Kong Kong Dollar, South Korean won, Kuwait Dinar, Qatar Riyal,etc
Chinese yuan is not fully convertable yet, Russian rouble and Indian rupee cannot be gurranteed and trusted.
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