The World Continues Preparations for The End of The Global Dollar-Based Ecosystem!

• The reign of the USD is coming to an end. But it will not go quietly. People who think that it will be a simple transition to multi regional currencies are mistaken. They do not understand the geo-political situation and the dark forces behind it. The western Illuminati will not give up their world monetary hegemony. It is the main source of their power by which they exert financial and economic control over all countries.
  –
• The Illuminist global central banking cartel do not want a Chinese Yuan world reserve currency as replacement. This is obvious from their rejection of moves by the Chinese for more say / representation in the IMF. War is brewing between the western Illuminati and all challengers to their global hegemony! It is about One World Currency, World Government and Global Supra-National Central Bank. It is about who has the control over it: western Illuminati or Chinese Illuminati?
  –
  The World Continues Preparations for the End of the Global Dollar-Based Ecosystem! 
  By Dan Collins, http://www.financialsense.com/ 
  As the Western world enjoyed their Christmas holidays, news broke in Asia of something that was reported in the media but received very little attention. History may treat this event as something all together of much larger importance than is currently understood. Future Americans will ask why the U.S government could not see the writing on the wall? That is, tools are being put in place that will end the global dollar-based ecosystem.
  –
  Asian Nations Start Currency Reforms to End their Use of Dollars
  On December 25, 2011 it was reported that the world’s second and third largest economies will open currency swap lines in a move to side-step the U.S dollar and conduct trade in their own currencies. In a meeting between Japanese Prime Minister Yoshihiko Noda and Chinese Premier Wen Jianbao they officially announced their governments’ intentions to conduct bilateral trade in yuan-yen without using U.S. dollars. The Japanese government said direct yen-yuan settlement should reduce currency risks and trading costs. Japan also announced it will start buying Renminbi bonds to hold as a reserve currency.
  –
  China and Japan, long time adversaries who disagree on most issues with regards to foreign policy can agree on one thing…to stop using dollars. Japan also topped off a busy week by signing a currency swap agreement with India with the same stated goal of moving bilateral trade between the two countries out of the USD.
  –
  Chinese Yuan Continues Toward Convertibility
  James Rickards in his fantastic new book, Currency Wars, writes that the next currency war will be fought between the Dollar and Yuan. At the China Money Report, we believe that the Chinese Renminbi will become the only major competitor to the U.S. Dollar. China is now the world’s largest trading nation and the world’s largest creditor. The IMF predicts that the Chinese economy will surpass the U.S. by 2016.
  –
  We believe the world highly underestimates Chinese economic power and that the Chinese economy is actually already much larger than the U.S. economy. The U.S. has a $15 Trillion GDP where as China’s GDP just passed $7.5 Trillion in 2011. This would mean according to standard GDP calculations that the U.S. economy is twice as large as China’s. Yet, China produces 10 times the amount of steel that the U.S. produces. China produced 20 million cars in 2011 with a market heading toward 35 million per annum. In 2011, the U.S. sold 12 million vehicles but only actually produced 7 million vehicles domestically. Virtually everything an American buys is made in China. The Chinese computer, cell phones, and luxury goods markets are now multiples of the size of the U.S.
  –
  This raw economic power wielded by China will bring the Chinese Yuan to global reserve currency status quicker than anyone can imagine. Recently, the U.S China Economic and Security Commision reported to the U.S. Congress saying, “it is no longer inconceivable that the RMB could mount a challenge to the dollar, perhaps in the next five to ten years.”
  –
  Central Banks Across the World Scramble for Gold Led by China
  Central Banks across the world are buying gold, none more than China. China is cash rich and gold poor. They know that and are in process of changing that status. China has been doing clandestine gold purchases for years through their banks and sovereign wealth fund but now the numbers and speed of purchases will start to shock. In October of 2011, gold imports into China through Hong Kong grew 484%. November numbers just released grew 20% on top of that.
  –
  … for more click here!

end