China Establishes Liquidity Agreement With BIS, Further Eroding The Dollar

• China Establishes Liquidity Agreement With BIS, Further Eroding The Dollar
  by Tyler Durden, https://www.zerohedge.com/
  The concept of eastern opposition to globalist institutions is a fanciful one driven perhaps by people’s hopes that some country somewhere is going to “make a stand” against the agenda.  Unfortunately, the vast majority of nations are irrevocably tied to the machinations of global banks.
  –
  China is a perfect example of a country that is often falsely associated with “opposition” to globalism.  Besides representing one of the most oppressive regimes in the world today complete with Orwellian social credit systems, concentration camps, organ harvesting programs and vaccines passports, the CCP is also a long time proponent of a global currency system controlled by the IMF as well as the latest member of the Special Drawing Rights (SDR) basket.
  –
  This membership comes with many stings attached, including requirements for China to issue large amounts of Renminbi-based liquidity, mostly through debt instruments.  We can see this clearly in China’s national debt numbers from 2013 onward.  In 2013, when it became clear that China would indeed be seeking inclusion in the SDR, the nation’s debt obligations exploded.  This was primarily due to IMF demands, which China anxiously sought to meet.  China met the IMF’s debt requirements in 2015 and was officially added to the SDR in 2016.
  –
  read more.

end