Monday, November 30 was a red letter day in the annals of the global monetary system as the International Monetary Fund (IMF) recognized the legitimacy of the Chinese RMB, and accepted it into its Special Drawing Rights (SDR) basket of currencies. This move not only opens the door for expanding use of the Yuan internationally, but it is the first step in a long game of returning money back to a gold standard in either trade or direct currency use.
Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place.
As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, the euro, the pound and the yen.
The IMF decided to grant this upgrade as a result of financial and monetary benchmarks that Chinese leaders worked towards during the past several years. Its implications run deep.
The Chinese renminbi will hold about 10% weight in the basket of currencies, with adjustments in the value of the euro, pound and yen to make room for it. Though the weight of the dollar, which holds 41.9% of global reserve value under the Special Drawing Rights (SDR), will not change with the inclusion of the renminbi, the symbolic challenge to dollar supremacy is obvious enough. – SHTFPlan.com
China has already laid out the basic foundations for expansion of the Yuan in international trade as over the past 30 days they have instituted bond hubs in London, Frankfurt, South Korea, and also Russia. And just a day after the IMF's announcement, both Argentina and the BRICS Bank showed their support for the Yuan to become a major part of the global monetary system.
The triggers for profound unspeakable sudden crisis are lead by A) a continued decline in the crude oil price, B) bank failures from expired oil contract hedges, and C) the default of between $6 and $11 trillion in Emerging Market debt.
One or more of these events is likely to occur in the next few months, probably all three.
All three are extensions of the death of the USDollar, which is manifested in its rise.
Like a balloon it will pop. The system will not be able to withstand the shock. Systemic breakdown will give way to failure of the entire monetary system upon which the USDollar rests. The Gold Standard will be urged on, first in trade, then in banking, finally in currency. The USDollar will be swept aside, its rubble put in the dustbin of history, the memories likened to Rome during the Nero period.
When the next crisis hits, it will be five times worse than the Lehman event within the United States in 2008. When the next crisis hits, it will be five times worse than the Asian Meltdown internationally in 1998. – Jim Willie via Silver Doctors
In addition, one has to wonder if even the Fed knows that the days of the dollar are numbered, and that a catastrophic financial crisis is just over the horizon since on the same day the IMF welcomed the Yuan into the SDR, the Fed announced a new internal law saying they were no longer lending to banks, and would not even during an emergency where their mandate of 'Lender of Last Resort' has summarily been eliminated.
So if the global banking system is not only moving away from the dollar, and moving towards the Chinese Yuan, and China's ultimate goal is a return to the gold standard and a sound form of money, how can you get in on the action and be not only prepared for the sea changes that are occurring before our eyes, but also come out ahead when the new financial system is born?
You can accomplish this with a company called Karatbars.
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
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