It's comical that no western MSM outlet thinks this is a story at all.
All we can say is welcome to the party, former world banker Koenig who helped enable the mess he profits from attacking now.
Face it folks, there is less truth spoken to power than ever in this world.
[ Edit- Fear mongering aside, we've been saying this with more substance and proof for over a year now. Some examples here, here, and most clearly here. Soren K. ]
In Gold We Trust: How the 'Entire Western Monetary System is a Fraud'
via Sputnik news
Remember, he got paid to contribute to the neo-Keynesian mess. Now he gets paid to attack it.
The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies, according to economist Peter Koenig.
The former World Bank staff, current economist and geopolitical analyst Mr. Peter Koenig told Sputnik Radio that this decision by Sberbank is just a continuation of economic and trade agreements between Russia and China.
“Both the ruble and yuan are 100 percent covered by gold, so this is just a part of a larger, fairly advanced scheme of the de-dollarization of their economies,” Koenig said.
He further said, “The entire western monetary system is basically a fraud. It is privately made and privately owned. All international transfers have to transit through Wall Street banks and that is the only reason why the US can actually sanction as they say ‘countries that do not behave according to Washington’s dictate.’”
Read more by Soren K.Group
