Eurasian Economic Union


Do you remember my post in 2013, Astana and the (Ley) Lines of Death, in which Astana is identified as the Washington D.C. of the Far East? Do you remember the Star over Astana in 2014? Things are progressing, with the Zhezkazgan-Beineu railway now complete, connecting China through Kazakhstan to the Caspian seaports. But it is part of a much larger plan.

At the Astana Economic Forum, President Nazarbayev, while pointing out that the worldwide financial crisis of 2008 was not over, announced

that the Astana International Financial Centre (AIFC) would be established on the premises of the EXPO 2017. “Our focus will be based on [introducing] the principles of English law, a preferential tax regime and an independent financial court,” (Kazakh President Announces Astana International Financial Centre)

Meanwhile …

Kairat Kelimbetov, former Vice-Prime Minister of Kazakhstan and the Minister of Economy and Budget Planning in the Government of Kazakhstan and then Governor of the National Bank of Kazakhstan , is the head of the brand new AIFC (above), which is expected (with the support of the government of Kazakhstan and its incredible oil-wealth in the Caspian Sea) to become one of the top financial centers in Asia and the world by 2020. He also serves on the Board of directors “Samruk-Kazyna” and controls all significant dealings of the portfolio companies, including “KazatomProm”.

The AIFC decree signed in May 2015 at the Astana Economic Forum (AEF) by the President of Kazakhstan, Nursultan Nazarbayev, commands the National Bank of Kazakhstan and the Kazakhstan Stock Exchange to relocate from the city of Almaty to Astana. The AIFC will be installed on the premises of the EXPO 2017 starting from 1 January 2018. (Kazakhstan & China Join Forces In Gold Market by Koos Jansen)

It appears the Astana and the AIFC are at the center of the effort by Asia to replace the U.S. dollar as the world currency, and possibly to replace the current international fiat money system with a new one.

At the AEF Nazarbayev stated the financial crisis that broke out in 2008 is systemic and will only end when the key cause is eliminated: the profound accumulated imbalances in the currency markets. … Nazarbayev said, “This is what generates an increase in confrontation between East and West, the U.S. and NATO against Russia and China, … deep reforms are needed for sustained economic growth.” …

Nazarbayev has always been a vocal critic of US supremacy and an advocate of gold. Under his guidance, in 2011 the National Bank of Kazakhstan has taken the pre-emptive right to buy all domestic gold mine output to strengthen its international reserves and develop the local gold industry. …

From the news item at the SGE website I assume the AIFC has included the Shanghai International Gold Exchange (SGEI) for servicing gold trading in renminbi – supporting the internationalization of the renminbi. … The central banks of Kazakhstan and China are among the most aggressive gold buyers in the world. …

The central banks of numerous other countries in (central) Asia are buying gold as well, in example Russia, Belarus, Tajikistan, and Kyrgyzstan, sharing an objective to diversify foreign exchange reserves and unwind the US dollar hegemony.

But increasing their official gold reserves is not all these countries do, it’s part of something bigger. In recent years a vast movement of economic collaborations between countries in Eurasia has unfolded. One of these collaborations is the Silk Road economic project (/OBOR) that was launched in 2013 (which) focuses on connectivity and cooperation among countries in Asia, Europe and Africa (and)provides the structure to connect other collaborations, (such as) … The Shanghai Corporation Organization (SCO) … a political, economic and military alliance … The Eurasian Economic Union (EEU) … modeled on the European Economic Community (and) The Asian Infrastructure Investment Bank (AIIB) … to support the building of infrastructure in the Asia-Pacific region (except Japan). …

Kazakhstan recently opened a logistics terminal in Lianyungang, China, and completed the construction of its Zhezkazgan-Beineu railway to create a better connection for China through Kazakhstan to the Caspian seaports. … Nazarbayev (said) at the AEF on 22 May 2015, “This is the new Silk Road. Forty countries have showed an interest in free trade with the Eurasian Economic Union. But we must not stop there. I propose to create a new … Eurasian transcontinental corridor.”… business is developed and gold is promoted as a key reserve currency.

Coincidentally, also on 22 May 2015 the Silk Road Gold Fund was launched at a conference in Xi’an, China …  (Kazakhstan & China Join Forces In Gold Market by Koos Jansen)

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Biding my time in central ms ... yours too, if ur reading this.
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