ALERT: IMF Chinese Yuan Unseat Dollar As New World Reserve Currency
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SOURCE:
http://www.nytimes.com/2015/12/01/business/international/china-renminbi-reserve-currency.html?_r=0
Comments
Please. China NOW has 1% of the IMF SDR currency basket. They are now A World Reserve Currency along with the other 4. They have a long way to go to unseat the USD. The US still has ultimate Veto Power but the BRICS could form a bloc.
How does the Yuan taking 13% of the basket equal yuan as the new world reserve currency?
you want to know what is coming just look at veneszula.
this was what john paul Jackson was shown. 2 currencies. the trn will be backed by gold and the dollar will become worthless. Hyperinflation can not be 2 far away with a worthless dollar. Good bye petrol dollar. good bye government benefits. hello hyperinflation when all those worthless dollars come home.
The Yawn?...oh you mean the Yuan.
avoid nuts like this. yuan just lost 150 of its value and still crashing. flakes pimp yuan
conspiracy theories
all world wars are economic, resource, backstreet bankster wars.
As far as I have understood it, the US dollar collapse has been planned by the very assholes who are supposed to support it. It's all a charade to evaporate the huge US dollar debts, and screw those using it to attack the US. However, the original idea seems to have changed because the current reality is that it is China who seems to be the winner of the currency wars.
The CABAL of financier psychopaths intended to create a huge world panic first, to open most countries in the planet to accept a new NWO currency with which the very same criminal psychopaths would remain in control by using the fraudulent FRACTIONAL RESERVE BANKING to keep issuing Debt-Based money. Their problem is that the Chinese and the Russians formed the BRICS to counteract that nonsense but now we see the Chinese being part of the old sick financial structure, using the IMF to coordinate that transfer of power between the Federal Reserve Board's control, to the Chinese central bank. Actually I have seen rumors the Chinese are in fact in possession of the FED already, to facilitate the transfer of power. So I don't know what's happening with the BRICS any more, or the Chinese participation with the BIS is part of the BRICS plan to take over the system. We are living in unprecedented times and it's hard to see how this will turn out.
However, the fact the US is going down is not in dispute. The process by which the US dollar collapses will not be pretty, specially in the USA, but it will affect the economies of most of the world. The people living in the USA will see suddenly the cost of most consumer goods to increase drastically when they will have to import them with a much lower currency. Riots may ensue given the deep-seated brainwashing they have suffered for so many years, telling them they live in "the best country" in the world.
The Silver Lining is that the new reality will make their manufacturing base bigger when production costs collapse with the dollar, and exports can grow. In a reverse scenario, it will be Chinese capital that will invest into the US and hire US workers to grow manufacturing. A full circle will be too hard for many Gringos to swallow and many will become violent after their Chinese bosses demand of them to work as hard as Chinese have been doing it for decades.
The economy will come front and center during the election or shortly after. How convenient for a new President to be confronted with crisis. Sound anything like 2008?
BRAVO CHINA ! One more nail in Uncle Sam's coffin.LIBERATION DAY is near.
Fabian after all this time you are still leaving Gods intentions out of all this, huge oversight youngen; huge!
Fabian. I was wondering if you thought investing in the Yuan was a good idea?
Dont buy into the climate bs!
Resist all tyranny from both sides...for our children. Beware new world order under the rothchilds or the chinese on the other side. A slave is a slave! Now is the first time in over 100 years we have a chance to take it back for the people,get the word out!
Fidel?
Your a fuckin IDIOT!
It seemed as if the IMF was telling China that it was too early to bring the Yuan into the basket for the last few years and China was purchasing gold to make their currency more credible so you figured it would be a while before this took place. However I think all of a sudden this has been sped up because of the Yen. Japan just announced another round of QE to prop up their toilet paper currency and it's obvious they are headed towards total collapse so really the Yuan is just going to replace the Yen. 2016 the Yuan comes in and within a year or two the Yen goes bye bye.
i told you its happening rapidly fast now...something big is going to happen before the end of the year and next year is going to be CRAZY....what did they say since lat last year another over million layoffs.....the economy is gone its already dead D E A D dead!
do you think the US is just going to let this happen? The US has done so much good that outweighs the bad. it's just a few powerful people in the wrong place at the moment. But you get china overtake the US and the whole world will suffer not just us.