Thursday, May 21, 2015

This October The World Will Change: “China Is Preparing For Something Big”

Via Cousin John


“China… across the board… is preparing for something big in currency markets.”

This October may see the beginning of the end for the U.S. dollar as the world’s reserve currency. Twice every decade the International Monetary Fund meets to discuss their Special Drawing Rights (SDR) currency basket. Currently comprised of the dollar, Japanese Yen, British Pound and Euro, if China has their way a few months from now, we may well see the Chinese Yuan take its place among the world’s most trusted currencies.

U.S. Treasury Secretary Jack Lew says, “China isn’t ready for currency reserve status,” and would certainly like to see the Chinese blocked from entry, preserving the dollar’s status as the world’s go-to currency and primary mechanism of exchange for global international trade.

But while Lew and his predecessors have presided over the largest growth in national debt in world history, the Chinese have been strategically positioning, much like the United States did in the early 1900’s, to not just become the world’s largest economy, but to be the super power of the 21st century.

More @ SHTF Plan

1 comment:

  1. China won't be able to topple the dollar from it's position unless the true people in power...the 'Iluminati', the Rothchild's, the Rockefeller's etc. et.al. have decided that
    it is to THEIR advantage to replace the dollar with something else. Whether or not
    the dollar is still their favorite is a closely held secret but if these very powerful interests don't want the dollar to lose it's position as reserve currency it won't.

    ReplyDelete