The Eurasian Economic Community (Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan + Armenia for certain provisions) and China will create a new global economic and financial system, the foundations of which they will set at the end of March 2022.

This new system should have a reference currency whose rate would be established from a basket of currencies of the founding Member States (therefore dominated by the Chinese yuan).

It was designed by Sergey Glazyev (photo) and is intended to replace the Bretton Woods system, after Russia’s exclusion as part of the “sanctions” for its operation against the Ukrainian banderites [1].

The emergence of two competing economic and financial systems should bring globalization to a halt and divide the world in two.