12:03 GMT +327 February 2017
    Chinese President Xi Jinping, left, is welcomed by Iranian President Hassan Rouhani during his official arrival ceremony at the Saadabad Palace in Tehran, Iran, Saturday, Jan. 23, 2016.

    Golden Triangle: Iran, China, Russia to Drive the World Away From Dollar

    © AP Photo/ Ebrahim Noroozi
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    A Eurasian Golden Triangle is emerging with China, Russia and Iran as the three key points, F. William Engdahl notes.

    The latest Sino-Iranian rapprochement has prompted a lively debate regarding the new Eurasian "world order."

    "Sometimes profound tectonic shifts in the global politics arise from the least noticed events. Such is the situation with Iran and the recent visit to Tehran of China's President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden Triangle, of nations committed to peaceful economic development, is now in place," American-German researcher, historian and strategic risk consultant F. William Engdahl writes in his article for New Eastern Outlook.

    On January 23, Chinese President Xi Jinping and his Iranian counterpart Hassan Rouhani signed almost 17 agreements on economic and technological cooperation. Furthermore, the leaders announced they will cooperate on the China-led One Belt One Road initiative.

    The researcher calls the formal inclusion of Iran into China's New Economic Silk Road project "a giant positive step." According to Engdahl, it will allow Tehran to "break years of economic isolation" and will open doors to the region's economic development.

    Pakistani columnist Afzal Hussain echoes Engdahl's stance.

    "The lifting of economic sanctions from Iran provides trade opportunities for regional countries such as Pakistan, Afghanistan, China, Russia, and Central Asian Countries particularly, Tajikistan. The trade activity will generate billions of dollars not only for oil rich Iran but also for the countries having close economic relations with Iran," Hussain noted in his article for The Nation, the Pakistani media outlet.

    Hussain views Pakistan as a "geographical corridor" between China and Iran.

    "The China Pakistan Economic Corridor (CPEC) project has become more vital after latest trade accords between Iran and China," he underscored.

    The Pakistani columnist highlighted Russia's determining role in the region and expressed his confidence that China, Pakistan, Iran and Russia will bolster trade and economic growth in Central Asia and beyond.

    Referring to the fact that Iran currently has SCO Observer status Engdahl envisages that Iran will be formally admitted as a full member of the Shanghai Cooperation Organization (SCO) at their next annual meeting this summer.

    Iranian President Hassan Rouhani, right, and his Chinese counterpart Xi Jinping shake hands at the conclusion of their joint press conference at the Saadabad Palace in Tehran, Iran, Saturday, Jan. 23, 2016
    © AP Photo/ Ebrahim Noroozi
    Iranian President Hassan Rouhani, right, and his Chinese counterpart Xi Jinping shake hands at the conclusion of their joint press conference at the Saadabad Palace in Tehran, Iran, Saturday, Jan. 23, 2016

    In contrast to those experts who regard the recent Sino-Iranian rapprochement as a potential apple of discord between Beijing and Moscow, the researcher points to the fact that the countries would rather create a mutually beneficial triple alliance, a future cornerstone of a unified Eurasia.

    "We're seeing the emergence of a true Eurasian Golden Triangle with China, Russia and Iran as the three key points," Engdahl underscores.

    "With the stated plan to route the Silk Road rail infrastructure to assist the mining of new gold for currency backing of the Eurasian member states, including now Iran with its significant own unexploited gold, the hyper-inflated, debt-bloated dollar system is gaining a formidable positive alternative, one committed to peace and development," the researcher concludes.


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    New Silk Road, emerging economies, gold, dollar, Shanghai Cooperation Organization, Hassan Rouhani, Xi Jinping, Eurasia, Afghanistan, Iran, China, United States, Russia, Central Asia, Pakistan
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    • avatar
      The world is waiting, why still keep on talking? There was axis of evils by Bushy term, now there must be an AXIS of powers. When would that happen, hope it is not too late, that I live to see that peaceful period in human kind period.
    • siberianhusky
      A logical choice to make by China, Russia and Iran to protect themselves fro the Neocon ZionNazie hemogeny. Next item to address is isolate themselves from that Fiat US Petro Dollar
    • avatar
      Randall Lee Hilburn
      This is what it takes to bring down the ZioAmerican Empire, undermine their currency.
      But I wonder where India fits into all of this? Sooner or later they must be involved too.
    • Jet fuel can't melt steel beams
      Now let's the us have fun.
    • avatar
      What I am yet to see is any sign of Russia benefitting from Iran's windfall. I have read about deals between Iran and China, Iran and Europe but nothing between Iran and Russia. I somehow get the impression that Iran doesn't like Russia very much !
    • avatar
      Sleep disturbing thoughts for Obama, Netanyahu, Cameron, Hollande Erdogan and Merkels.
    • avatar
      Lindain reply tofemia91(Show commentHide comment)
      femia91, Hi. Russia is Selling a lot or arms to Iran as their S300 and S400 systems and I think also some aircraft. I also Think Iran and Russia have some joint armsprojects. When it comes to energy there has been discussions on Russia building some nuclear Power plants for Iran. When it comes to food. Russia is Selling wheat to Iran and Iran is exporting vegetables
    • avatar
      femia91in reply toLinda(Show commentHide comment)
      Linda, Hi, I don't think Russia is selling S400 systems to Iran, the only customer for these is China. The latest news I have is Iran doesn't even want to buy Russian T90 tanks, the only want to produce under licence! They (Iran) could have bought some Russian jet liners... anyway, my perception is things are not as warm between the 2 countries as they are between Iran and China for example and this is a big surprise!
    • Kim Kyu-Un
      Unfortunately, currency values are determined by objective economic criteria, not political popularity or preferences. No matter how many dollar-bashing leftist articles come out proclaiming how grand these other countries' economic development motives might be, the point is if these countries' economies were so valuable, or if the US dollar was so worthless, then it wouldn't take any politically motivated ideological argumentation to reflect that in the markets. This is just wishful thinking by the centrally-planned "price setters", but has no value for evaluating financial market realities.
    • iamgogmagog666
      This is glorius news.
    • avatar
      i would love to see Pakistan also being part of this square rather than triangle. It should be because the new CPEC will be main and most important trade route for China and Russia. And Pakistan has openly announced that it is on Iran and Russia's side in Syrian war. And is closest friend of China.Moreover, Due to defeat of terrorism and increase of stability Pakistan is going to be tide shifter in the region. In Sha Allah when CPEC will start producing good Pakistan will be in spotlight for whole of Asia.
    • avatar
      I am all for removing the American dollar as the foreign reserve currency. The terrorist American government has more the incompetent as a world leader.
    • avatar
      armorin reply tosiberianhusky(Show commentHide comment)
      siberianhusky, agree entirely. I can't see why the dollar is so vital to the world. Not to important countries like Russia and quite a few others. Also , we do not forget that there is a lot of bluffing and confusion created by the US of NA to retain their hegemony. I think the world is now seeing through all this.
      Why on earth can't they act like normal humans....without having to dominate ? I know, they won't change voluntarily. Events will make them adapt to the new reality, and then , some peace can be possible. But these sinister people are making us all pay an unacceptable price for their greed, ambitions, search of power and money, exhausting the resources of others.
      May the good N.A. people wake up,. I know easier said than done.
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