3-28-18

Beijing slapped $3 billion on American imports in retaliation.

PLUS

Q provides more intel drops, the counterattack has begun the empire is getting ready to fall. Everything we are witnessing is not coincidence. This is part of the plan.

Facebook is in alot of trouble the FTC is investigating, they are losing the trust of the public, Twitter, Google and Amazon are next.

Obama wants to control the alternative media.

The Pentagon invested millions in the development of poisons in the the UK.

If US troops were removed from Afghanistan the Taliban would consider peace.

Trade deals were established with South Korea.

Troops are getting ready to leave Iraq.

AND

Home sales are down 4.4% YoY, the economy is moving into a recession.

Trump is positioning to take down the economy, the FANG stocks decline, this is all part of the plan to gain the narrative and to show the markets are manipulated.

IMF prepares for an economic collapse, they want Germany to give 100 million to guard against and economic crisis.

China and the US are working towards removing the central banking system, Trump might move to nationalize the fed with the help of Rand Paul.

Counterattack A Go, The Deep Empire Is About To Fall

Source X22Report

Central Banks Are Now Panicking

Source X22Report

Death of US dollar? China launches petro-yuan to challenge greenback’s dominance

The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency.

Trading of the new oil futures contracts for September settlement started on the Shanghai International Energy Exchange at 440.20 yuan ($69.70) per barrel, reports Chinese daily the South China Morning Post. Some 18,540 lots have reportedly been sold and purchased so far.

The long-awaited step evoked a surge in global prices for oil with Brent Crude soaring to $71 a barrel for the first time since 2015. US crude benchmark West Texas Intermediate (WTI) reached the highest level in three years at $66.55 per barrel, before retreating to $65.53.

Experts see China’s yuan-dominated contracts as historic as the new futures symbolize the first time that foreign investors can access a Chinese commodity market. The launch ends years of setbacks and delays since the country’s first attempt at listing the securities in 1993.

At the same time, the petro-yuan launch is seen as a blow to the US dollar that has been weakening in recent months. The US dollar is the predominant settlement currency for oil futures contracts. On Monday, the greenback slipped to a 16-month low against the Japanese yen, but remained steady against a basket of six major currencies.

Chinese authorities have reportedly accelerated the launch amid growing crude imports. Last year, the country outpaced the US as the world’s number one importer of oil. Thus, the contracts may not only help to win some control over pricing from the major international benchmarks, but also promote the use of Chinese currency in global trade.

The greenback will get weaker, as soon as other nations have a real credible alternative to it, Ann Lee, Adjunct Professor of Economics and Finance at New York University and author of the book ‘What the US Can Learn From China’, told RT.

“It is more of a game changer for the US. As soon as other nations have a real credible alternative to the US dollar, they can dump dollars and switch to the yuan which can spark a dollar crisis. If that happens, not only will there be inflation from the tariffs, but also from the flood of dollars,” said Lee.

RT

Global markets drop sharply over fears of trade-war escalation

Markets across the world plunged after the US imposed $60 billion in #tariffs on Chinese goods, and Beijing slapped $3 billion on American imports in retaliation.

Wall Street is bracing for another sell-off on Friday after US stocks tumbled sharply during the previous day’s trading, with the #DowJones dropping almost three percent. The S&P 500 and the NASDAQ fell by about 2.5 percent. Selling continued in Asia on Friday with Japan’s Nikkei closing 4.51 percent lower. The Hong Kong exchange lost 2.45 percent, while the main index in Shanghai dropped 2.86 percent. The Kospi in Seoul was down 3.37 percent

In Australia, which reportedly sells more iron ore to China than any other country, the ASX200 benchmark index was off nearly two percent. In Europe, London’s FTSE 100 dropped half of one percent during Friday’s afternoon trading, while Germany’s DAX and France’s CAC were down over one percent.

In the currency markets, the US dollar plummeted to near one-month lows. Against a basket of its rivals, the greenback dropped 0.3 percent to 89.62, taking its weekly losses to about 0.7 percent, its biggest drop in a month.

At the same time, the Japanese yen, a generally accepted safe haven, raced to its highest level in more than 16 months. The Swiss franc strengthened with investors seeking shelter in perceived low-yielding currencies.

“Trade wars, the spike in dollar funding costs and a tricky quarter end means that currency markets can become a bit messy going into next week,” said Marc Ostwald, a global strategist at ADM Investor Services International in London, as quoted by Reuters.

RT

#X22Report #economy #tradewars #globaleconomy #geopolitical #china #russia #usa

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