ASEAN: Putin proposes deepening of economic cooperation
This article was rated as the article of the week (change it to month sometimes) by our readers. Let’s take a quick look at it before we move to the main story. Every single currency out there today would fall under the category of fiat money. The aim of central bankers is to debase the currency and in doing so provide humungous benefits to a select few. Mass psychology clearly indicates that the crowd always finishes last because like the prisoners in the allegory of the cave, they refuse to accept a new narrative. However, let’s forget the question of what is fiat money and instead focus on how one can benefit from fiat. Look at the two charts, closely. As the Dollar’s lost its purchasing power, the markets soared to compensate for this inflation of the money supply. This chart validates our argument that all corrections ranging from mild to wild should be embraced as long as the trend is up. This pattern will continue until fiat money ceases to exist and who knows what that event might come to pass. What Is Fiat Money: USD Is Prime Example Of Fiat
SOCHI — Russian President Vladimir Putin proposed on Friday deepening of economic cooperation with the Association of Southeast Asian Nations (ASEAN).
“I think there is a possibility of creating in the future a common free trade zone between the EEU (Russia-led Eurasian Economic Union) and ASEAN … in contribution to the formation of the Asia-Pacific free trade zone,” Putin said in an address to the ASEAN-Russia Summit held on Thursday and Friday.
Another prospective trend of the economic integration could be the pairing of the EEU and ASEAN, Shanghai Cooperation Organization and the China-proposed Belt and Road Initiative, Putin said.
Association of Southeast Asian Nations
The trade turnover between Russia and ASEAN members was 13.7 billion U.S. dollars in 2015 — rather modest compared with ASEAN’s trade performance with some other countries in the Asian-Pacific region, Putin said, adding that there is also the need to boost bilateral investment cooperation between Russia and ASEAN members.
Russia, he added, has prepared a roadmap which includes 57 projects aimed at forming modern technological and innovational alliances with ASEAN countries.
Russia will also enhance cooperation with ASEAN by covering its increasing demand in hydrocarbons and other energy products, and propose projects of new-generation atomic power stations. Full Story
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