Dollar Collapse Update: Bank of England Closes In On China Currency Deal, Fed Downplays New Bubble Worries And Already Planning QE5, G20 & IMF Push for Global Fed, Global Currency, & World’s Largest Gold Storage Dumping US Customers!!
InvestmentWatch
Bank of England closes in on China currency deal
Sir Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People’s Bank of China which would cement the UK’s role as the leading G7 trade hub for the world’s fastest growing currency.
The Bank of England expects to sign a final agreement to set up a three-year yuan-sterling swap line “shortly”, during a meeting between Sir Mervyn and his counterpart Zhou Xiaochuan in Beijing.
European and US officials have been pressing China for years to do more to open up the yuan to market forces, saying its artificial weakness was one of the key imbalances of the global economy.
Beijing is slowly delivering, although it still keeps a tight rein on gains for the currency for fear it will weaken its export-powerhouse economy, which has been the biggest engine of global growth for a decade.
Fed Downplays New Bubble Worries And Planning QE5
Federal Reserve Chairman Ben S. Bernanke minimized concerns that the central bank’s easy monetary policy has spawned economically-risky asset bubbles in comments at a meeting with dealers and investors this month, according to three people with knowledge of the discussions.
The people, who asked not to be identified because the talks were private, said Bernanke made the remarks at a meeting in early February with the Treasury Borrowing Advisory Committee. Fed spokeswoman Michelle Smith declined to comment.
The Fed chairman brushed off the risks of asset bubbles in response to a presentation on the subject from the group, one person said. Among the concerns raised, according to this person, were rising farmland prices and the growth of mortgage real estate investment trusts. Falling yields on speculative- grade bonds also were mentioned as a potential concern, two people said.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,602,037,205 |
| Stories: | 8,146,260 |
Whistler Blowers, Insiders
I do not understand? If GB and China are going to use only their two currencies doesn’t that leave the USA DOLLAR on the door step? It seems to me this would devalue the USA dollar? Please explain.
That is the intent. Collapse the dollar that way China can come in and declare ownership of U.S. National resources in mostly public lands including National Forests, National Parks, Public Works projects such as Hoover Dam, Golden Gate, Ports, Seaways, etc. Our World Reserve Currency status is being overtaken with the introduction of Gold as a viable currency for trade.
Once several nations agree to use anything other than the U.S. Dollar as the reserve currency then it’s pretty much lights out, especially when we’re running a almost 17 Trillion dollar deficit with no possible way to pay it off and China owning 8 Trillion dollars of the debt, they will want to be paid in something tangible other than fiat dollars, especially now that inflation is really starting to bite.
Interest rates are nearly a zero percent, just imagine when interest rates start to climb, and they absolutely have to, it will be lights out.
There was one thing correct about this article ————–the world’s fastest growing currency.
Money supply in China in mid-to-late 2009 was soaring at 30% annual growth. The recent stock market plunge in China came with growth “collapsed” to 13.60%. Meanwhile M2 growth in the US peaked at 10%.
What’s really laughable is China’s stock market is down 75% in the last 4 years — and the US market 1% from an all time high ——— and millionaires leaving China by the hoards —- and a real estate market with a bubble that loks like ARIZONA in 2008.
yea —LETS PUT THE WORLDS CURRENCY in the hands of Communist China ——- they are so much more orgainzed that USA. The only thing they are more organized in is corruption. With that said —— THE USA doesnt deserve to be reserve currency either —- and corruption in USA is spelled with a capital C —– no doubt about that.
i’m sure it will be a much safer world with China, Brazil, and the BRIC nations are running things. OH YEA.
OK – I have read your reply – so what would you do today?
China being wooed to join in with Western bankers to the full, and from there they can establish a universal carbon tax payable in one currency and thereby again have a currency that is a must-own currency as the USD used to be in that not long ago all oil was payable strictly in USD, but that system has broken down.
In 2012, the US Justice Dept., at the request of Federal Reserve, granted China right to own US banks, in whole or in part.
Any idiot knows that Chinese money is already exchanged globally. Otherwise, nobody could buy Chinese goods with dollars. I have been to China many times where I used an ATM machine to extract RMB, and the dollars came out of my checking account. How could this be if dollars are not exchangeable for RMB? Where do you get this idiotic information?