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Hidden financial system
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.   ~~~  Arthur Schopenhauer
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DON'T MISS : The China-Russia Double Helix

DON'T MISS : The China-Russia Double Helix | Hidden financial system | Scoop.it

 

Today I sharing with you a document which I personally consider as absolutely crucial: an in-depth analysis of the China-Russia Strategic Alliance (RCSA) written by somebody who looks at it from the "Chinese side".


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China will use gold and gold pricing to force global currency reset

China will use gold and gold pricing to force global currency reset | Hidden financial system | Scoop.it

 

Take a look at the Comex. Since the middle of 2012 or so, they've been forcing gold contracts to settle not in metal, but in cash. And if you don't like it, they'll ban you from the Comex. There's been very little if any settlement of gold futures contracts for two years in gold metal. They're not a gold market anymore, they're a derivative market for gold instruments.

 

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Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves | Hidden financial system | Scoop.it

 

Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations.

 

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The Richest Man In Asia Is Selling Everything In China

The Richest Man In Asia Is Selling Everything In China | Hidden financial system | Scoop.it

 

Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago.

 

Once the deal concludes, Li will no longer have any major property investments in mainland China.

 

This isn’t a person who became wealthy by being flippant and scared. So what does he see that nobody else seems to be paying much attention to?

 

Simple. China’s credit crunch.

 

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Yet Another Massive Nail In The Dollar's Coffin

Yet Another Massive Nail In The Dollar's Coffin | Hidden financial system | Scoop.it

 

The renminbi has already surpassed the euro to become the #2 most-used currency in the world when it comes to trade settlement, according to a report released yesterday by the Society of Worldwide Interbank Financial Telecommunication (SWIFT).

 

Right now the renminbi has about an 8.6% share of the global market for trade settlement. Granted, the dollar has the lion’s share of trade settlement at more than 80%.

 

But just look at how quickly the renminbi has grown; in January 2012, its share of the global market was just 1.9%. So it’s grown by nearly a factor of 5x in less than two years.

 

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The Dying Dollar

The Dying Dollar | Hidden financial system | Scoop.it

 

Federal Reserve and Wall Street Assassinate US Dollar

 

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China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault

China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault | Hidden financial system | Scoop.it

 

So, what the real news of today is not that JPM is selling its gold vault, we knew that two months ago, or that it is outright looking to exit the physical commodities business, that too was preannounced. What is extremely notable is that in one very quiet transaction, China just acquired the building that houses the world's largest gold vault.

 

Why? We don't know. We do know that China's gross gold imports from Hong Kong alone have amounted to over 2000 tons in the past two years. This excludes imports from other sources, and certainly internal gold mining and production.

 

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Does China Plan To Back The Yuan With Gold And Make It The Primary Global Reserve Currency?

Does China Plan To Back The Yuan With Gold And Make It The Primary Global Reserve Currency? | Hidden financial system | Scoop.it
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Is the Yuan About to Replace the Dollar as the World's Reserve Currency?

Is the Yuan About to Replace the Dollar as the World's Reserve Currency? | Hidden financial system | Scoop.it

 

Three Essential Facts

 

- China's bond markets are not big enough or deep enough for the Yuan to displace the US dollar.

 

- Contrary to what most think, having the reserve currency is a a curse more than a blessing.

 

- Neither China nor the US wants to be the global reserve currency.

 

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Dollar no longer primary oil currency as China begins to sell oil using Yuan

Dollar no longer primary oil currency as China begins to sell oil using Yuan | Hidden financial system | Scoop.it

On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.

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The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve

The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve | Hidden financial system | Scoop.it
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Russia in Negotiation with China for alternative SWIFT Bank system

Russia in Negotiation with China for alternative SWIFT Bank system | Hidden financial system | Scoop.it

 

Russia and China, the two strategic Eurasian nations, are moving clearly to ultimately break free of the stranglehold of the Dollar System. On September 10 high-level talks took place between the two countries discussing establishment of an interbank money clearing system independent of the US-controlled SWIFT payments system.


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Alternative to dollar close to reality as BRICS coalition expands to 80 nations

Alternative to dollar close to reality as BRICS coalition expands to 80 nations | Hidden financial system | Scoop.it

 

This is why the original BRICS economies have exploded in just the past 12 months to now include up to 80 other nations ready to join their coalition, and provide that critical mass that will slingshot the Chinese Yuan into viability, and create an alternative to the dollar that the West isn't prepared to compete with.

 

Several economists have stated that 2014 is a critical year for both the dollar and the global monetary system, and that a currency reset is inevitable to expunge the over one quadrillian dollars worth of toxic assets and derivatives which are unsustainable, and that are leading the world towards a collapse far worse than the one in 2008.

 

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China to Purchase the Federal Reserve

China to Purchase the Federal Reserve | Hidden financial system | Scoop.it

 

Why would China and other countries take on the risk of this debt?  Simple, it’s economic reset or economic collapse.  Its in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.

 

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Top adviser to the Chinese government calls for a “global currency” to replace the U.S. dollar

Top adviser to the Chinese government calls for a “global currency” to replace the U.S. dollar | Hidden financial system | Scoop.it

 

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.

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Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance

Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance | Hidden financial system | Scoop.it

 

Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade [ ]

 

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China Announces That It Is Going To Stop Stockpiling U.S. Dollars

China Announces That It Is Going To Stop Stockpiling U.S. Dollars | Hidden financial system | Scoop.it

 

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is "no longer in China’s favor to accumulate foreign-exchange reserves". 

 

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China's Official Press Agency Calls For New Reserve Currency, And New World Order

China's Official Press Agency Calls For New Reserve Currency, And New World Order | Hidden financial system | Scoop.it

 

[ ] the world should consider a new reserve currency "that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States."

 

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Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals | Hidden financial system | Scoop.it
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China Says It Must Add To Gold Reserves To Promote Yuan Globalization And As An FX Hedge

China Says It Must Add To Gold Reserves To Promote Yuan Globalization And As An FX Hedge | Hidden financial system | Scoop.it
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Cyrille's comment, November 27, 2012 11:48 AM
;-)
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Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World? | Hidden financial system | Scoop.it
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Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings | Hidden financial system | Scoop.it
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