West Panic: China Takes Over mBridge, Saudi Oil For RMB Next, Gold Is Leaving London

West Panic: China Takes Over mBridge, Saudi Oil For RMB Next, Gold Is Leaving London
The Bank of International Settlements has officially dumped the Bridge project. This leaves China with near total control of the payments system opening up a ton of scary possibilities. Oil trade in the Yuan could be next. Meanwhile, central banks like India are escalating their gold repatriation.