Pepe Escobar: Eurasia Is Consolidating
Pepe Escobar is a seasoned geopolitical analyst who has extensively reported on the Middle East. When Russia used any of Escobar's articles the U.S. State Department claimed Russia used them for propoganda and missinformation but did not attack the validity of Escobar's work itself - smearing Escobar by association.
You can find more about Escobar on Wikipedia: https://en.wikipedia.org/wiki/Pepe_Escobar
Escobar details the current shift away from the dollar to a Eurasian/BRIC/African centric trading block (in an article he released hours ago on The Cradle) trading in local currencies and using new transfer messaging systems outside of a U.S. SWIFT controlled transfer system the United States used to sanction multiple countries in a fiancial war effort to maintain U.S. hegemony.
https://thecradle.co/Article/Columns/19565
With debasement of currencies, essentially the USD, Euro, and Yen, Eurasia is shifting to commodity backed economic systems, accumulating gold, and selling US treasuries.
A shift is already underway. Gold is now being drained out of inventories as COMEX gold positions are being converted to take delivery. As COMEX paper liquidity falls, physical supply and demand is starting to play a bigger role in determination of the price of gold.