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Showing posts with label yuan. Show all posts
Showing posts with label yuan. Show all posts

Tuesday, December 29, 2015

End of Petrodollar? First Middle Eastern oil power to open Chinese currency hub

Since 1973, the dollar has held sway over the global financial system through its connections to oil, and with the Middle Eastern producers who sell it in American currency.  But as dollar hegemony has waned over the past decade, and as the U.S. has gone to war against any nation (Iraq, Iran, Libya) who has tried to sell their oil in currencies other than the dollar, members of OPEC have been seeking ways to move away from the petro-dollar and into alliances with other powers that could protect their sovereignty.
And now they may finally have it.
On Dec. 27, the United Arab Emirates (UAE) signed an agreement with China to become an RMB hub and clearing house for the expanding Chinese currency.  And with one of the richest OPEC states opening the door for the Yuan, it will not be long before others like Saudi Arabia join on board which will then initiate the use of the Yuan in global oil purchases.

Read more on this article here...

Wednesday, December 23, 2015

Zimbabwe dollar? Welcome to the future of the Zimbabwe Yuan

On Dec. 22, one of the most infamous economies in the world over the past 20 years may soon be divesting themselves of dollar hegemony and moving over into the camp of the Chinese Yuan.  In a move dedicated towards strengthening both monetary and trade ties with the Far East power, Zimbabwe’s Finance Minister said that very soon the Yuan could be used as one of many currencies within the African nation’s economy, and help support their financial system by including it in a basket that already allows use of the dollar in everyday transactions.
Zimbabwe of course is well known for entering into a hyper-inflationary environment so great, a $100 trillion Zimbabwe note could barely buy a citizen a couple eggs, and other nominal type item.

Read more on this article here...

Thursday, December 10, 2015

China dumps more dollars, holds reserves at lowest level in nearly three years

As China continues to prepare and expand the Yuan for full internationalization, there is less and less need for them to hold massive amounts of dollars as a reserve for their financial system.  And while the Chinese central bank has rightly chosen not to dump their treasuries onto the market in one massive sale, their slow dissolution of their dollar reserves has the country holding the fewest it has held in almost three years.
In November, China dumped another $87.2 billion in treasuries and t-bills, dropping their overall reserves to $3.44 trillion, which is their lowest level since February of 2013.

Read more on this article here...

Saturday, December 5, 2015

With new Chinese (Swift) system, yuan use in Japan has doubled in the last year

It is one thing when China’s new internationalization becomes a part of the emerging market economies, but it is something very different when it begins to make headway into long-standing dollar strongholds such as Europe and Japan.  And with China’s new found recognition as a global reserve currency in the IMF’s SDR basket, and the creation just a few months ago of an alternative SWIFT (CIPS) system, that is exactly what is now happening as Yuan use in trade with Japan has doubled in just the past year alone.
Japan has been entrenched with the dollar ever since the end of World War II, as has most of the world because of Bretton Woods, and the polar reserve currency system.  But as China took over the reins as the number one producer in the entire global economy, the desire to end use of the dollar as a middleman has led more and more nations to seek the ability to have direct bi-lateral trade with the Yuan currency, and 2015 has been the year of this breakthrough.

Read more on this article here...

Friday, December 4, 2015

Not even a day after the IMF added the Yuan to the SDR, the world rushing to capitalize on it

On Nov. 30 the IMF fully announced that the Chinese Yuan would be accepted as a global currency within the banks Special Drawing Rights (SDR) basket of currencies, and with this move China is now an international player in the global monetary system.  And perhaps most interesting in the next stage of support towards the future of the dollar and its singular reserve currency status, is that countries and banks are already rushing in to push the currency towards greater use just one day after it became part of the IMF.
Following the IMF’s announcement, the nation of Argentina publicly threw in their support for the Chinese Yuan to expand its reach in global trade and monetary hegemony.  And this act will help open the door for many more nations to divest their dollar reserves since many of the mechanisms that required the use of the dollar have already been duplicated by Beijing over the past three years.

Read more on this article here...

Wednesday, December 2, 2015

Got Karatbars? IMF's inclusion of the Yuan is first step towards a return to a gold backed monetary system

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
“The U.S. Mint's sales of American Eagle coins surged in November, with gold nearly tripling month-over-month and silver already reaching a new annual record as bullion prices fell to multi-year lows” reported Reuters.

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?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Wednesday, November 25, 2015

China opens up its Forex markets to foreign central banks

As China continues to accelerate the internationalization of the Yuan currency, a new element was introduced on Nov. 25 which will facilitate expanding its reach even further.  The People’s Bank of China (PBOC) opened up its Forex markets to foreign central banks, and will now allow these institutions to participate in swaps, options, and other Forex products.
Seven institutions will be part of the initial phase into foreign participation of China’s Forex market, and they include: Hong Kong Monetary Authority, Reserve Bank of Australia, Hungarian National Bank, International Bank for Reconstruction and Development, International Development Association, World Bank Group Trust Funds, and GIC Private Limited.

Read more on this article here...

Thursday, November 19, 2015

Got Karatbars? IMF's inclusion of the Yuan is the beginning phase for an eventual gold backed reserve currency

A few weeks ago, the IMF backtracked on their previous statements where they said that China was not yet ready to be included in the bank's Special Drawing Rights (SDR) basket of currencies, and where they would be placed on hold for upwards of a year before they would re-address the Far Eastern economy's inclusion.  However, as China has been accelerating their internal reforms and expanding the internationalization of the Yuan, IMF Chief Christine Lagarde changed her position and is now highly recommending the currency to be added to the SDR immediately.

And according to financial analyst Peter Schiff, this move to get the Yuan into the SDR is simply the first step in a long game where the ultimate goal is to replace or became an equal with the dollar as the global reserve currency, and eventually back their own currency with gold to bring about a return to a system of sound money.


For now, most investors and sovereign funds have stayed away from gold as and insurance policy for the ongoing currency devaluation and recessionary environments that are permeating through Japan, Europe, and even sectors of the U.S..  And in fact, this is one of the primary reasons why the dollar has ballooned to multi-year highs and sits on the precipice of 100 on the index.

But despite Wall Street's hatred of gold, central banks in Russia, India, China, and elsewhere, as well as individuals outside the U.S., having been buying physical gold at record levels in preparation of an eventual paradigm shift.  And these people and institutions are working on the belief that the current system cannot sustain itself, just as the way every fiat currency has eventually collapsed throughout the course of history.

The return to gold based money will be a long-term proposition, as the advent of war, terrorism, and the fact that the dollar remains the king of the hill will keep nations in Europe and elsewhere from jumping on board until the very end.  But just as there was to be a currency reset, and a re-pricing of gold back in January of 2014 before the Ukraine coup took place put it on hold, the events that took place in Paris last weekend have also created a roadblock that will push those resets down the road a little bit longer.

Yet just as people are programmed to plan in advance for their retirements by buying stocks, bonds, and other investments 20 to 30 years prior to the end of the working life cycle, why they are not doing that same preparation for the new monetary system that is coming outside the dollar shows just how much propaganda and ignorance controls how people spend or protect their money.  And with gold prices being forced down over the past four years by those in power who desperately need the dollar to remain relevant, it is nearly the end of a chance of a lifetime for people to buy their insurance and be prepared to thrive when gold backed money returns to the world.

Shortages and record buying by a small percentage of people and entities threaten to leave the 99.7% of people who do not own a single gram of gold out in the cold when the dollar is devalued and the Yuan rises to power.  But there is a way for you now to buy affordable gold, to keep it offshore and out of the purview of the corrupt Wall Street banking system, and even to earn money as a affiliate buy recommending others to protect their wealth in the oldest form of money in history.

And you can do 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?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Argentina hops on bandwagon calling for internationalization of Yuan

On Nov. 13, the Vice-President of Argentina publicly announced his support for the Chinese currency and called for accelerated plans to internationalize the Yuan in global trade.  And in a statement where Amado Boudou mimicked Christine Lagarde’s support for the RMB to be added to the IMF’s SDR program, the Argentinian VP called for the Yuan to compete with the dollar to ‘change the global financial order’, and end the single polar reserve currency system that has reigned for more than seven decades.
Argentina joins a growing list of nations calling for an end to dollar hegemony, as direct bi-lateral trade programs continue to grow and replace the long-standing policy of using the U.S. currency as a medium of exchange for nearly all international trade.

Read more on this article here...

Monday, November 9, 2015

Got Karatbars? We could be less than a month away from China taking control over the global gold price

Back in June of this year, the newly created Shanghai Gold Exchange (SGE) announced plans to establish their own gold price between now and the end of the year.  And with the SGE being the only true physical gold market currently operating where customers buy and sell gold for cash based on an actual price, it would be only natural that China earns the right for price discovery over the London and Comex facilities who only deal in paper gold contracts.

Yet even this is just the beginning of a full fledged shift away from Western control over all facets of the monetary system, and a return to sound money where currencies are backed by gold in some capacity.  The rise of the Yuan as a global medium for trade is accelerating at tremendous rates, and their accumulation of what some believe to be 30,000 tons or more of gold will only solidify the belief that once the dollar's power is broken, then the world will rush back to a gold based system.
On June 25, a representative from the Shanghai Gold Exchange announced that they are planning on establishing a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex. Expected to be denominated in Yuan, this new gold price platform comes less than 10 days after China became the first Asian country invited to be a part of the London gold fix, and unlike the U.S. Comex, will deal in direct physical gold sales rather than in paper futures and derivative contracts.  
When the Shanghai Gold Exchange (SGE) opened in 2014, it set out to usurp the West's control over gold and their pricing of gold through the paper markets. And in less than a year, the SGE has created the world's largest gold fund, and is now ready to take over pricing and price discovery for the monetary metal. In fact, sources claim that right now premiums on large sales of gold bullion are ranging as high as $600 over the current paper spot price. - Examiner

For more than 40 years the world has experimented with a purely fiat form of money, backed by nothing except government confidence, and military might.  But the problem is and has always been the fiduciary irresponsibility of government's to control their monetary supplies, and as we saw just recently from U.S. Treasury Secretary Jack Lew, Washington cannot function and would collapse if they do not have the power to borrow more and more money, and increase the debt load to just under $20 trillion by the middle of 2017.

“At that point, we expect Treasury would be left with less than $30 billion to meet all of the nation’s commitments—an amount far short of net expenditures on certain days, which can be as high as $60 billion. Operating the United States government with no borrowing authority, and with only the cash on hand on a given day, would be profoundly irresponsible. 
As I wrote previously, we anticipate that a remaining cash balance of less than $30 billion would be depleted quickly.” - Jack Lew in a letter to Congress, Fortune
So as the world rushes headlong towards a crossroads, where monetary and economic collapse is inevitable since most nations have hyper-inflated their currencies through the printing of unprecedented money, what is the one thing that will protect you from whatever comes, and prepare you for the new system that is by all accounts expected to be based on gold?

The solution may be in 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?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Friday, November 6, 2015

Got Karatbars? Chinese using Bitcoin as conduit to buy more gold and to get out of paper money

Over the past month, the crypto-currency known as Bitcoin has seen a massive spike in price in relation to the dollar, and to other currencies.  But while many in the alternative economy pin their hopes that this move is a confirmation that the world is jumping on board the Bitcoin bandwagon, the truth is a bit more complex.

Since the Chinese government clamped down on speculators by issuing a number of capital controls since late July, many investors in the Far Eastern country have found it difficult to dispense of their paper based assets in a controlled fashion.  And by this, to get their money out of China and into assets that are protected from the government through the buying of foreign property and even physical gold.

Their solution?  Use Bitcoin to launder their Yuan into another currency so that they can use that to buy more gold.


In August, bitcoin fell to a low for 2015 near $200 amid turmoil in the Chinese and global stock markets.  But bitcoin transaction volume has been growing. Blockchain.info data shows that unique bitcoin wallet addresses—which are how users manage and trade bitcoin—are at an all-time high.  
Some have multiple bitcoin addresses, but such a spike suggests there are new users as well. 
Most bitcoin experts once again see Chinese demand as key.  As China has been devaluing its currency, the yuan, throughout the year and the Chinese are aware of the growing risks posed to the yuan and indeed the dollar and other fiat currencies. 
Also, their recent experience of the stock market crash has made bitcoin and, of course, gold more attractive again. Hence the surge in demand for gold in China again. China’s gold buying rose 7.83% year on year to 814 tons in the first three quarters, industry data from the China Gold Association (CGA) showed yesterday. 
Bitcoin is an easy way for people to swap out of yuan. Goldman Sachs analysts estimated earlier this year that 80% of bitcoin volume is exchanged in and out of the Chinese yuan. Once converted to bitcoin, the owners can then swap back into other fiat currencies and indeed, physical gold. - Goldcore
The fascinating dichotomy going on right now is that while the price and value of Bitcoin is increasing, and more than doubling from its August lows, the price of gold in dollars has been crucified, and as of today, pushed down below $1100 for the first time in months.  This arbitrage from Yuan to Bitcoin to Gold will only tighten the already short supply of gold in the markets, and lead the world into the eventual showdown that will wrest control from the corrupt Western banks that have manipulated the price to the point that there are now more than 290 paper claims for every single ounce of gold in the Comex markets.  (Comex uses this market to determine global gold prices)


And while the Chinese people are seeking new ways to offshore their money, and to get it into something of real value, for the rest of the world, the majority of the global population outside of China is not in Bitcoin, and few have any real desire to be a part of the crypto-currency revolution.  Yet at the same time many of these people have come to the realization that the paper fiat system of money and banking is dying, and that they need to find a way to protect themselves from the coming policies of negative interest rates, the banning of cash, and potential bail-ins that are all now par for the course when the next financial crisis finally hits.

So what alternatives do those of us have if we don't have millions of dollars, and access to platforms like Bitcoin to convert our dollar based assets into something more tangible?

The solution may be in 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?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Russia becomes 4th country to open its bond market to Chinese Yuan

In just the past 30 days we have seen three major economies open up their bond markets to allow the sale of Chinese Yuan denominated debt instruments.  And on Nov. 6 we can now add a 4th country to this list as Russia announced their will begin selling RMB denominated bonds in their own markets beginning in 2016.
Russia already has several trade agreements with China that allow for direct bi-lateral trade in each other’s currencies, and as the largest energy producer in the world, this new move will have massive consequences for the petro-dollar as the growing internationalization of the RMB will lead more and more nations to bypass the global reserve in favor of direct energy purchases using the Yuan.

Read more on this article here...

Friday, October 16, 2015

In just a few short months, China’s internationalization of the Yuan growing in massive leaps

Despite the fact that the IMF chose in August to delay for a year the inclusion of the Yuan as part of their Special Drawing Rights (SDR) basket of currencies, their extension may be closing sooner than many thought.  This is because in just a few short months, internationalization of the Yuan has accelerated to a total of 9.9 trillion in loans, which is just the spark needed by the world’s largest productive economy to gear towards a critical mass in Yuan usage, and making its inclusion into the SDR a sure thing.
In fact, the IMF is planning to once again take a look at bringing in the Chinese Yuan to the SDR as early as November when they analyze the amount and rate of Chinese monetary reforms and actions that have driven it to become the 4th most used currency in the world.

Read more on this article here...

Monday, September 21, 2015

As the U.K. mulls leaving the EU, new agreements with China show direction of next global system

When Prime Minister David Cameron’s Tory party won the last British election with a resounding mandate, a key component of this was tied to a future referendum vote on whether to leave the European Union, or remain in its political sphere for the foreseeable future.  But as Europe, the U.S., and most Western financial entities are beginning to financially breakdown, and show no signs of ending their money printing schemes, Britain is again looking Eastward and towards the Yuan as a serviceable replacement for the Euro or even the dollar.
The City of London is considered one of the three primary financial centers in the global economy, and when they decided over the past year to create a Yuan swap line and facilitate the selling of RMB denominated bonds, the writing was on the wall that Britain was going to look out for itself despite attempts by the Eurozone to lash together all nations under a singular monetary policy.

Read more on this article here...

China approves new agreement with Argentina for bi-lateral trade in own currencies

Argentina has gone through extreme economic turmoil over the past few years, including a default on their sovereign bond obligations that has put their nation in financial extremes that are even affecting their political system.  But like Iceland, who chose to suffer a short term recession in exchange for punishing the bankers who created their financial crisis, the country may now be looking for new ways to get out from under the Western backed monetary system of control.
On Sept. 20, China authorized the creation of a Yuan swap-line agreement with Argentina which will facilitate direct bi-lateral trade between the two countries using the RMB instead of the dollar.

Read more on this article here...

Saturday, August 22, 2015

Get ready for next move against dollar as IMF delays Yuan inclusion to SDR for a year

On Aug. 19, the IMF announced that they were delaying the decision to include the Chinese Yuan (RMB) into the SDR basket of currencies for at least one year, or until Sep. 30, 2016.  The decision to exclude the Yuan in next year’s basket content was determined a week ago, but the announcement to go forward with allowing China to stabilize and strengthen its currency was only released today.
IMF executive board extends current composition of its Special Drawing Rights for nine months until Sept. 30, 2016.
IMF staff had recommended extending the current basket, which was due to expire Dec. 31, to minimize disruption if yuan added.
Board decision gives SDR users “sufficient lead time to adjust in the event that a decision were to be taken to add a new currency to the SDR basket”
Board made decision Aug. 11IMF says in statement - Bloomberg via Zerohedge


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Saturday, August 15, 2015

China’s devaluation just the start as countries rev up for next leg of currency war

The currency war in the global financial system has been going on at varying strengths since 2009, and in full gear since 2013 thanks to Japan and Abenomics.  However, with the world’s most important industrial economy showing signs of a severe crash, or at the very least an acute slowdown, China’s new devaluation policy is expected to ratchet up the currency wars to a whole new level.
For years the Chinese Yuan has been pegged to the dollar, and has ebbed and flowed as the dollar both collapsed between 2008-2009, and strengthened to its current level of 96 over the past year.

But with deflation and a slowdown in consumer spending signaling that the world is now in a new recession, China had to act to protect their lifeblood of production against a myriad of economies that have already devalued their currencies multiple times in the past three years.

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Friday, July 31, 2015

The next step in China determining gold prices initiated as LME accepts Yuan in contract purchases

For owners of physical gold who have been frustrated with the manipulation and falling prices over the past four years, the day of reckoning is slowly coming upon them.  Beginning a few months ago when the London Gold Fix committee invited China to be a member of the daily price fix mechanism, the next step in having price determination move from the West over to Shanghai and Hong Kong is underway as on July 28, the London Metals Exchange (LME) ruled to allow Yuan to be used to settle gold and other commodity metal contracts.
In fact, with a Hong Kong factor purchasing the LME three years ago, it was inevitable that metal contracts would eventually be open for RMB settlement.
 
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Tuesday, June 16, 2015

IMF begins process for bringing Chinese Yuan into the SDR

On June 14 the IMF sent a team of analysts to Beijing to begin the process of determining whether the Chinese Yuan will become part of the Special Drawing Rights (SDR) basket of currencies.  Already progressing quickly as a globally used trade currency since 2009, the Yuan or RMB is now looking to make its mark in one of the most important financial institutions in the West.
Since December of last year, the Chinese Yuan has become one of the top five used currencies for international trade, with more than 23 major economies creating swap lines to facilitate its use.  And at the same time that the dollar is losing market share in global trade, the RMB has jumped more than 4% in just the past 12 months.

 
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Wednesday, June 10, 2015

Dubai capable to host RMB clearing hub, wants more Chinese financial investment: official

Dubai has the potential to host a clearing hub for the Chinese currency, and seeks to attract additional Chinese financial firms to invest in the emirate, head of a local free trade zone said on Wednesday.
Essa Kazim, chairman of the free zone Dubai international financial center (DIFC) authority, said the DIFC could become a clearing hub for the Chinese currency RMB. Earlier in April this year, Qatar established the first RMB clearing hub in the Middle East in Doha.
Earlier in the week, ICBC, the world's largest bank, listed a 500 million dollar bond, the first dollar bond by a Chinese lender in the Middle East, on the Nasdaq Dubai, the international capital market which is located in the DIFC.
Zhou Xiaodong, general manager ICBC Middle East, told Xinhua he hopes for more Chinese firms to follow and to list bonds on Dubai in order to create a liquid market in Dubai as a financial link between the Middle East and East Asia.
 
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