China ending US Dollar early September
Economy | Information | History | Online | Facts | World | Global | Money
China may be ending dollar's hold on reserve currency as early as September . On March 9, sources within China provided new information that validates that the Far Eastern economy is now ready to compete with, or even supplant, the dollar as the sole global reserve currency as early as September of this year. Having already completed a message interchange system that mirrors the same one in the West, the Chinese equivalent of SWIFT is now ready and is expected to be fully operational by the 3rd quarter of 2015, which will allow other nations to transact with the world's largest economy without the need to purchase dollars as a medium of exchange. Additionally, there has been a great deal of speculation over the past two years that China might back their currency with gold once they are fully ready to float it as a global reserve, with strong indications showing that at the very least, China will be calling for the use of international letters of credit or trade notes that are backed by gold to help stabilize transactions using this historical form of sound money. Less than a month ago, China's close partner in Eurasia, Russia, implemented and brought online their own SWIFT alternative after economic sanctions by the U.S. continued into their second year, and information was discovered that pointed towards the NSA monitoring all messages going through the Western controlled SWIFT system. Even without a complete global float of the Yuan through their own message interchange, China has grown over the past few years to achieve 9% of all global transactions using their national currency. And with dozens of swap lines already in place in banking systems around the world, as well as London banking centers now able to issue Yuan denominated bonds, nearly everything in the global financial system has been mirrored by China to allow them to compete with, or replace, the dollar's function as the reserve currency. The average lifespan for any purely fiat currency is around 30 years, with the dollar surpassing this by more than a decade due to its place as the global standard for trade and oil purchases. However, now that the world's financial system has become saturated with overwhelming debt, and most economies solidly entrenched in currency wars, the world is about ready for a return to sound money and a gold backed currency, which China may be providing to their trading partners within six months.
Comments
-
Fiat currency will desist. hard currency vs soft currency rhetorics is still Fiat. let it be currency by the signature of the burden bearer. is what makes fiat currencies.
-
this real tv is fuckin real, so real that nothing really happens after a year
-
well its mid may 2016. maby the bombing of that Chinese port ( biggest one in China ) might have changed China's plans.. whatever weapon that was used is the same one used at WTS.. for more information look up Dr. Judy Woods...
-
Another buch of crap that did not happen !
-
December 1st 2015 .... Yuan now implemented as a world reserve currency .... very interesting .
-
Its november!!!!! What the fuck!!!!
-
The fall of the US dollars had been expected for many years now. China, BRICS... will become the new economic powers of the future. So, what TPP will be left over even if it officially take off in another 12 months or so? Europe and US will be left in ruins should the next economic depression sets in while most part of Asia sustains!
-
waiting for end of terrorism by US dollor
-
Any minute now................................................
-
It's October already and nothing, not even a whimper...Analyst analized first your heads.
-
You can't beat money backed by gold the us dollar is just papper with no gold or survice economy to back it up and deep in the hole with the world banks printing more money don't work and it will fail, my bet is the usa will use the fed to steal eny contrys gold that still has gold in the fed and will use it to back the U.S dollar with gold. Think im crazy the fed told germany that ''you can't have your gold back'' germany asked to see the gold and the fed told em ''we can show you some of it'' the germans clam it was less than a 6th of what the germans had in the fed. The fact is this year 2015 germany asked for its gold back and the fed told em to fuck off.
-
Well, I guess this prediction was largely wrong...
-
Ucneg but ucep
-
Is this legit? Video is March, didn't they move it 9 or 19 months ahead now?
-
The bi-racist (black/white) American mulattoes are shitting their pants.
-
The end of the dollar , america and israel is looking at us.
-
This is the biggest bullshit story on the internet...
-
you can't eat gold and money idiots. only food
-
They can not change anything because all servers for all electronic transactions are in the USA. The USA has never paid single debt ever, Congress erased them all. Unless the USA change the programing on these servers it can not happen. Probably will a 3rd World War. It maybe a reason for Jade Helm, because they would come here to get those servers?
-
Ah ??????
4m 45sLenght
273Rating