I NEED YOUR HELP! - Please Support Us, Become A Patreon & Get Extra Content http://www.Patreon.com/EliteNWOAgenda SUBSCRIBE to ELITE NWO AGENDA for Latest Updates - http://www.youtube.com/user/elitenwoagenda?sub_confirmation=1 RISE OF CHINA - China's Yuan / RMB Joins Elite Global Reserve Currency Club Currency’s entry into IMF basket a milestone in long march to international acceptance Renminbi joins U.S. dollar, euro, yen, and British pound in SDR basket Change represents important milestone for IMF, SDR, and China Move recognizes and reinforces China’s continuing reform progress Effective October 1, the IMF is adding the Chinese renminbi (RMB) to the basket of currencies that make up the Special Drawing Right, or SDR. Related Links Read the report Press release Video: Explaining SDRs Factsheet: Special Drawing Rights Factsheet: Review of SDR basket IMF Finances The SDR is an international reserve asset created by the IMF in 1969 to supplement its member countries’ official reserves. The IMF’s Executive Board agreed to change the SDR’s basket currency composition in November 2015, and the decision now enters into force after a period of transition. The RMB joins the SDR basket in addition to the previously included four currencies—the U.S. dollar, the euro, the Japanese yen, and the British pound (see chart). In an interview, Siddharth Tiwari China Chinese RMB Yuan "China RMB" currency Renminbi USD Dollar Euro GBP "British Pound" money cash wealth wealthy "made in china" investment forex "foreign exchange" "foreign currency" gold silver bullion 2016 2017 power international rights pound yen japan "japan yen" europe global economy elite bank banking savings "bank account" "savings account" abroad "money transfer" "gold coin" "sell gold" "binary options" trading trade "stock market" "elite nwo agenda" alex jones jim rogers end times collapse truth bitcoin fake gold fake silver tungsten exposed interest rate fed federal reserve vault unboxing (Director of the IMF’s Strategy, Policy, and Review Department) and Andrew Tweedie (Director of the IMF’s Finance Department) explain why this change took place and its significance for the IMF, the SDR, China, and the international monetary system as a whole. Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless. “Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally, he Chinese have always been in love with gold. And this year especially China is taking several steps to rattle gold markets. The country is currently lobbying to be including in the International Monetary Fund’s reserve currency and gold has a lot to do with that process. Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future. China now follows the US, Germany, the International Monetary Fund, Italy and France, who are the world’s largest gold holders, according to the World Gold Council. The US has the biggest gold reserves at 8,133 tons.
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I suppose that any system has its time when it's overly abused