The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap!

• All the signs of the coming ollapse of the USD are there. Countries all over the world are abandoning the USD for international trade settlement. It used to be that as much as 66% of international trade were settled in USD. This creates an artificial demand for the USD and thus gives it value. The last domino to fall is the petrodollar hegemony. Iran is leading the way in abandoning the USD when selling oil. Thus, they are being targeted for war (like Iraq and Libya in the past).
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• I do not believe the western Illuminati will allow their global monetary hegemony to collapse without a fight. They will initiate a global currency meltdown to destroy all fiat currencies via hyperinflation. They will not allow the CNY to challenge their world currency dominance and replace the USD. They are going into world war mode to bomb their enemies into submission. Their plan calls for the abandonment of the USD but in favour of their own One World Currency (backed by gold) and Global Supra-National Central Bank. In this new phase, America will be subjugated to their Luciferian New World Order, World Government!
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  The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap! 
  by Tyler Durden, http://www.zerohedge.com/ 
  When the US Dollar is ultimately dethroned as the world’s reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic “theories”) nobody will have seen it coming. Well, nobody except for the following headlines: ““World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says“, “India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees.”
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  And while the expansion of the “dollar exclusion zone” was actually quite glaring to anyone who dared to look, one thing was obvious: it was confined to Asia. No more courtesy of the following FT headline: “Brazil and China agree currency swap.” More: “Brazil has provided a vote of confidence in China’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy yet to agree a swap deal with Beijing. Brazil and China announced the R$60bn (US$29bn) local currency swap after a bilateral meeting between Wen Jiabao, the Chinese premier, and Dilma Rousseff, Brazil’s president, on the sidelines of the Rio+20 environmental summit in Rio de Janeiro.”
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  “It is a measure that reinforces the economies of both countries,” Guido Mantega, Brazil’s finance minister, said late on Thursday night.
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  Well, that… and also a measure which shows that one by one every country in the world is starting to think of the post-dollar world.
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  China has launched an aggressive campaign of “currency swap diplomacy”, signing about 20 such agreements over the past four years with countries ranging from Argentina to Australia and the United Arab Emirates.
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  While these have been largely symbolic – only Hong Kong so far has had to activate its swap line after a shortage of renminbi in the territory in 2010 – they are seen as helping the long march of the internationalisation of the Chinese currency.
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  They are inactive only as long as they are not activated. And that, as the Federal Reserve bank of JPMorgan the United States has shown can be done with just the flip of a switch.
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  read more!

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