Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China!
[youtube=http://www.youtube.com/watch?v=P02vjiEZyUs]
- The longer the western Illuminati drag out their plan for World War 3, the stronger China, Russia and the BRICS will get. Their global monetary hegemony is under severe threat. Their world reserve currency, the USD, is dying. Let me remind you that the western Illuminati will never give up their global currency hegemony. It is a question of when they will trigger their Satanic World War 3. Follow the Japan/China – Senkaku/DiaoYu islands confrontations carefully!
– - The western Illuminati’s plan is to destroy the USD and in the process screw all the nations of the world. Imagine the US$2.5T of Chinese foreign reserves losing 50% of value overnight. Countless countries with US dollar and US treasuries will in like manner be screwed. Many will become insolvent!
– - The western Illuminati’s plan calls for a new One World Currency backed by gold under their total control. This will be under a Global Supra-National World Central Bank (likely to be the IMF 2.0) and under the Luciferian New World Order, World Government –> ‘666’! To path to this eventuality is via global wars! Order out of Chaos, the Satanic philosophy!
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Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China!
by Ryan Villarreal, http://www.ibtimes.com/
Australia is seeking to bypass trading in U.S. dollars with China in an effort to avoid the commercial uncertainties that come with the recent fluctuations in the greenback. For example, just a half a year ago, the dollar traded at about $1.20 to the euro; by February, it had weakened to $1.34 per euro and now it is going for $1.27.
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Eliminating the dollar in trade will be the focus of Australian Prime Minister Julia Gillard’s trip to Beijing next week. Trade with China, Australia’s primary trading partner, totaled $120 billion in the last fiscal year. China buys nearly one-third of Australian exports.
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“The value of such a deal would be substantial for exporters to China, especially those that import a lot from China, like mining companies, as it would remove business constraints including exchange-rate risks and transaction costs,” said Australia’s former ambassador to China, Geoff Raby, according to the Australian.
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The Australian government has made no secret of its aims to shift away trade from the U.S. dollar, the world’s primary reserve currency used in international commerce.
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A government report, titled “Australia in the Asian Century,” discusses Canberra’s efforts to establish direct trading between the Australian dollar and the Chinese renminbi, or RMB, also referred to as the yuan. It also pushes for increasing the prominence of the RMB as a global reserve currency.
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“We have held preliminary discussions with the Chinese government to explore how soon direct convertibility can be practicably achieved,” the October 2012 report reads. “We are continuing these discussions, and also exploring other opportunities to work with China to support the internationalization of the RMB.”
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Canberra’s aims to build on a $30 billion currency-swap deal with China signed last year that makes funds available for business transactions between the two countries through their respective state-run banks.
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