The Daily Traditionalist: Climate Change and Currency Exchange – DT 060217


Sven Longshanks is joined by Dr Matthew Raphael Johnson for the last Daily Traditionalist of the week to look at the economic implications of Russia’s close ties to China. The world reserve currency is the dollar, which means that oil, gas and other essential products are all traded and bought in dollars. This means that countries such as Saudi Arabia then have to change this currency up into their own, or use it buy American products.

Because Russia was put under sanctions, the country had to find another way to trade without using dollars and the Chinese stepped in with the yuan, leading to a boom in the Russian and Chinese economies. This will inevitably lead to the dollar being dumped and Russia and China recently took one step further towards doing that by setting up a clearing bank for the yuan in Moscow. This is the real reason why the mainstream media is so full of anti-Russia stories, because the international banks will be finished once other countries such as Iran join this economic union. This could also be the real reason why Trump is so against Obama’s Iran deal, because it left Iran free to join the Shanghai corporation rather than keeping them tied to the dollar.

As well as this good news from Russia, Donald Trump pulling out of the international climate deal is also discussed and how French President Macron seems to be trying to promote himself as the leader of a globalist coalition. He has been speaking in English to English speakers and French to French speakers, when traditionally politicians only ever speak in their own native language, possibly to give the false illusion that they are answerable only to their own constituents.

It is good to see Trump keeping a campaign promise and it is good to see Russia thriving without using the dollar. A positive episode of the show to finish the week with.

Presented by Sven Longshanks and Matt Johnson

The Daily Traditionalist: Climate Change and Currency Exchange – DT 060217

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