Chinese Buy Billboards Announcing The Renminbi As “The New World Currency”
7 Mar, 2015 by Dave Hodges
Miles Franklin’s Andy Hoffman reveals the collapse as it spreads from nation to nation. Everyone has their eye on Greece as it rebels against the wishes of the International banking cabal.
We are now looking at the crumbling global economy as quantified by the Baltic Dry Index which just hit a new all-time low. On paper, the ports may be open, but very litle is moving. How much longer until the system collapses?
http://www.thecommonsenseshow.com/2015/03/07/documenting-the-collapse-of-2015-the-world-is-falling-apart/
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Shadow Of Truth: Dr. Paul Craig Roberts Unscripted
07 Mar, 2015 by The Daily Coin
“The question that nobody ever thinks about is ‘why is a reserve currency necessary and why would China want to be it?’ I think the future is likely to be no reserve currency” – Dr. Paul Craig Roberts, Shadow of Truth
The Government’s employment report released on Friday, March 6 was quite possibly the most absurd economic report on record. With all of the oil industry and retail industry layoffs that have been occurring since the end of 2014, how is it at all possible that these two sectors of the economy were the the primary foundation for what the Government reports as 295,000 jobs created in February and a 5.5% unemployment rate? It’s not possible. In fact it’s absurd that the Government had the fortitude to release a report like that:
“I wonder if these guys are laughing when they put these numbers together before they release them” – Dave Kranzler, Shadow of Truth
The Fed has been threatening to raise interest rates ever since Bernanke’s infamous “taper” speech in May 2013. And yet, despite the incessant and repetitive “good cop/bad cop” routine with regard to “should we/shouldn’t we” raise rates, the FOMC’s zero interest rate policy remains as stalwart as the Great Pyramid of Giza. Part of this routine involves the Fed narrative that the economy and job market is improving.
With that in mind, yesterday’s employment report – prima facie – should be enough evidence of a “booming economy” for the Fed to begin raising rates. But if this is the case, why wait until the June meeting as stated by the “bad cop” narrative? Why not raise rates in two weeks at the March FOMC meeting? It’s because the Fed can not and will not raise rates (unless it wants to collapse the financial system).
In connection with this incessant fraud and market manipulation – i.e. global financial terrorism – being conducted by the U.S. Government and the Federal Reserve, China and Russia have been openly and vocally implementing a shift in the global monetary system. One of the steps in this direction is China’s announcement of establishing a yuan-denominated gold price fix mechanism in Shanghai.
For the official launch of our “Shadow Of Truth” project, Rory Hall (The Daily Coin) and I have produced a phenomenal interview with Dr. Paul Craig Roberts which discusses the fraudulent employment report and global monetary reform. The conversation we present is completely derived from the discussion we had with Dr. Roberts in preparation for the formal recording session. It’s unrehearsed and unscripted. It captures the essence of Dr. Roberts’ brilliant analysis and thought process in an extemporaneous format.
We cover the completely fraudulent Government employment report, China’s planned yuan-denominated gold fixing and the next global reserve currency. Presented below is Shadow of Truth’s Part 1 of an incredible two-part ad-lib conversation with Dr. Roberts:
http://www.thecommonsenseshow.com/2015/03/07/shadow-of-truth-dr-paul-craig-roberts-unscripted/
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Chinese Buy Billboards Announcing The Renminbi As “The New World Currency”
03/04/2015 by Simon Black via Sovereign Man blog
When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard – and it floored me.
The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”
Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.
It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.
And it’s true. The renminbi’s importance in global trade and as a reserve currency is increasing exponentially, with renminbi trading hubs popping up all over the world, from Singapore to London to Luxembourg to Frankfurt to Toronto.
Multinational companies such as McDonald’s are now issuing bonds in renminbi, and even sovereign governments are issuing debt denominated in renminbi, including the UK.
Almost every major global player out there, be it governments or major multinationals, is positioning itself for the renminbi to become the dominant reserve currency.
But here’s the thing. Nothing goes up and down in a straight line. And China is in deep trouble right now. The economy is slowing down and the enormous debt bubble is starting to burst.
A lot of people, including the richest man in Asia, are starting to move their money out of the country.
So while the long-term trend is pretty clear – China becoming the dominant economic and financial superpower – the short-term is going to look incredibly rocky.
We talk about this in today’s short podcast with Sovereign Man’s Chief Investment Strategist, Tim Staermose, which includes a few ways to actually make money from China’s short-term unwinding.
Click the link below for detailed podcast…
http://www.sovereignman.com/podcast/034-heres-exactly-how-you-can-profit-from-chinas-short-term-unwinding-16312/
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https://seeker401.wordpress.com/2015/03/08/the-chinese-buy-billboards-announcing-the-renminbi-as-the-world-currency/
http://www.zerohedge.com/news/2015-03-04/chinese-buy-billboards-announcing-renminbi-new-world-currency
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