China Seeks World Role for 'People's Money'!
- The centre of power of the western Illuminati is their global fiat currency hegemony! The world reserve currency, the USD, is the prime expression of this power! With it, they create money out of thin air to finance wars of conquest without end, destabilize the world, manipulate prices, cause famine, attack nations financially, buy up the world … etc.
– - The western Illuminati will never allow their world reserve currency to be threatened without reply. This will, of course, lead to WW3! The Chinese Illuminati know this. Why do you think they have been showing off their nuclear submarine fleet with abilities to nuke America? The western Illuminati is actively preparing for world war. They will use their proxy Japan and Senkaku / DiaoYu islands dispute as the hook to lure China in WW3!
– - This is about 2 Satanic snakes (the western Illuminati and Chinese Illuminati) pitting their sheeple against each other. The winner will get to take the choice seats when the Anti-Christ comes!
– - The plan of the Illuminati is for the destruction of both America and China. This is to prepare the way for their Luciferian New World Order, World Government, One World Currency backed by gold –> ‘666’!
– - China seeks world role for ‘people’s money’ !
by http://www.france24.com/en/
AFP – With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
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The most attention-grabbing reform planned for Shanghai’s new free trade zone is free convertibility of the yuan — also known as the renminbi, or “people’s money” — an unprecedented change which would allow greater use of the currency.
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But no timetable has been specified, and a true contest between Mao Zedong, Communist China’s founding father whose face is emblazoned on most yuan notes, and Benjamin Franklin on the $100 bill will be years in the making.
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For decades the US has benefited to the tune of trillions of dollars-worth of free credit from the greenback’s role as the default global reserve unit.
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But as the global economy trembled before the prospect of a US default last month, only averted when Washington reached a deal to raise its debt ceiling, China’s official Xinhua news agency called for a “de-Americanised” world.
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It also urged the creation of a “new international reserve currency… to replace the dominant US dollar”.
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For China — which has the world’s biggest foreign exchange reserves — the immediate appeal of a greater role for the yuan is lubricating trade flows and drawing foreign investment.
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“Policymakers have made new efforts to increase the attraction of the renminbi in global markets,” said Capital Economics analyst Wang Qinwei.
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He pointed to a deal with Britain in October allowing London-based institutions to invest directly in China — avoiding an expensive detour via Hong Kong — with an initial quota of 80 billion yuan ($12.9 billion). A week later Beijing signed a similar 50 billion yuan agreement with Singapore.
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China’s central bank, the People’s Bank of China, also signed a currency swap deal with the European Central Bank last month for 45 billion euros ($61 billion), giving eurozone banks greater access to the yuan.
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