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A comment on China sees new world order with oil benchmark backed by gold.

Re:China sees new world order with oil benchmark backed by gold by SCAQTony on Sunday September 03, 2017 @01:32AM (#15159854)
Note, the whole purpose is to game sanctions the US has on Russian trade and other hostile regimes. But how profitable will this be?

"...Russia's 2013 nominal GDP was $2.1 trillion, and Italy's was $2.07 trillion, according to the World Bank. ... Italy's 2013 GDP per capita (per person) was $34,619, and Russia's was $14,612.Jul 27, 2014..."

http://www.politifact.com/truth-o-meter/statements/2014/jul/...

Sounds like China is backing the wrong horse[s]

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Re:China sees new world order with oil benchmark backed by gold by latch on Sunday September 03, 2017 @02:28AM (#15159997)
'game', or sovereign states exercising their sovereignty?
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Re:China sees new world order with oil benchmark backed by gold by pcnonpc on Sunday September 03, 2017 @06:36AM (#15160729)
What does Italy have that China cannot produce itself? Brand name products, basic machines and chemicals which Italy exports are not important to their development.

Russia has oil, minerals and iron which China needs to grow.

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