40 Central Banks Are Betting This Will Be The Next Reserve Currency!
- The Chinese Yuan will be an important currency but it will not be the world reserve currency! The world reserve currency will be supra-national and be managed by the IMF 2.0 under the United Nations. It will be backed by gold. The word is that: the IMF will take over the management of the USD and America will be forced to issue another (national) Republic dollar (or shit dollar as Dr. Jim Willie puts it). The IMF will then turn this USD, under its management, to a One World Currency backed by gold !
- 40 Central Banks Are Betting This Will Be The Next Reserve Currency!
by Tyler Durden, www.zerohedge.com
As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or direct discussions in diversifying away from the US dollar… and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into ‘other currencies’ and “a great number of central banks are in the process of adding yuan to their portfolios.” Perhaps most ominously, for king dollar, is the former-IMF manager’s warning that “The Yuan may become a de facto reserve currency before it is fully convertible.”
The infamous chart that shows nothing lasts forever… Nothing lasts forever… (especially in light of China’s recent comments)
- “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
- “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul
Reblogged this on Spartan of Truth.
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