China Announces It Is Going To "De-Americanize The World." Caps All Purchases Of US Dollar
I have added a updated video at the bottom of this post this morning Friday Nov 22nd.
China is the largest foreign holder of U.S. debt, with about $1.3 trillion in Treasury bonds, and is concerned about the impact of a U.S. failure to raise the debt limit on those holdings.
Earlier this year, China was very upset that the fiscal stalemate in Washington was threatening the global economy, In October China called for the U.S. dollar to be replaced as the international reserve currency as well as for broader steps to create a “de-Americanized world.”
China also called for an end to the “pernicious impasse” in the U.S. over the raising the debt limit and ending the partial government shutdown, saying the world needed another reserve currency so nations could protect themselves “from the spillover of the intensifying domestic political turmoil in the United States.” The bill passed in October 2013 for raising the Debt Cieling and will fund the government through Jan. 15, and raise the debt cap through Feb. 7.
But China is going to be ready this time. As RT Reports.
China’s central bank has said it no longer sees any benefit in increasing its $3.66 trillion foreign currency reserves – already the world’s largest. China will cap its purchases of US dollars in an effort to limit the depreciation of the yuan.
“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Bloomberg quoted Yi Gang, a deputy governor at the central bank as saying Tuesday.
Decreasing the influence of the dollar and other currencies is a step closer to reaching China’s 2015 goal to “float” its currency and according to the People’s Bank of China will help the everyday Chinese citizen.
Between July and September 2013 China’s increased its foreign – currency holdings by $166 billion, boosting it to the world’s highest of $3.66 trillion. This is also more that the Gross domestic product of Germany – the Europe’s biggest economy, Bloomberg reports.
This will “basically” end the interference of foreign currency in the Chinese market, and widen the yuan’s daily trading range.
The move also provides a buffer to China from future US Federal Reserve stimulus tapering, which, even just as it looms, has had severe ripple effects on emerging market currencies in Brazil and India.
Tuesday minutes from the Fed’s policy meeting said it could start tapering its monthly $85 billion bonds purchases in the “coming months”, if the job market improves further. Fed members also weighed the possibility of slowing the purchases even without clear evidence of a strengthening job market. The news sent Asian stocks lower on Thursday, Japan an exception.
Hong Kong’s Hang Seng shed 0.7 percent to 23,539.83 and China’s Shanghai Composite decreased 1.1 percent to 2,183.50.
Once the yuan is set to free float, international transactions will be carried out in the Chinese currency, and it will become common in global trade, in league with the euro and dollar.
The Chinese yuan currently is the 13th most-used currency in the world for international payments.
The yuan has been dubbed a “hermit currency”, isolating itself from foreign investment and setting its own rules, but is now slowly entering world currency markets.
Most countries hold their foreign exchange reserves in U.S. dollars because the currency is viewed as the world’s most stable. China is the largest foreign holder of U.S. debt, with about $1.3 trillion in Treasury bonds, and is concerned about the impact of a U.S. failure to raise the debt limit on those holdings. Could this be the beginning of the End for the US dollar as the world’s reserve currency? It sure looks that way.
Once China caps their purchases of the Dollar, other countries holding dollars as foreign exchange reserves will soon follow China’s lead.
Which countries would that be? Here take a look.
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UPDATED VIDEO 11-22-2013!
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Whistler Blowers, Insiders
Maybe this will finally get gold moving.
Gold will not move until it “decouples” from the phony paper market. This is going to happen sometime soon as the COMEX continues to run out of physical inventory for delivery. I think I read that the Dec. open contracts was ridiculously large, so we may see the beginning of this in a few weeks…?
According to that forum on infowars chat, the Chinese Military went to Hawaii and US paid them some gold to continue the debt buying?
Yes Please China,DO IT!
Gold is the way to go. It is the only real protection against the devaluing dollar.
When the world stops taking our funny money the fun really starts.
China PLEASE do not loan another PENNY to American Politicians. They are all LIARS and THIEVES and WELCHERS who will not pay you back.
Dear Anonymous,
Believe me, China and all the member nations of BRICS (Brazil, Russia, India, China and South Africa) have figured this out a long time ago! They have been “disconnecting” from your Fiat FRAUD currency (the U.S. dollar) for about five years now!
Your Zionist owned and controlled U.S. mass media has just not informed you of the facts.
Your evil, fraud of a country WILL PAY what is owed, with LAND and OTHER NATURAL RESOURCES (like fresh water).
AND, BRICS does have the weapons to “back up” their pay-back demands!
YOU ARE NOW technologically a distant 2nd to one classification of weapon; modified and shared by the Russians’ with all of their BRICS allies! It is called ram jet rocket engines!
Take a peak, Anonymous, you do not have to believe me!
MOSKIT – the best anti-ship missile in the world
http://www.youtube.com/watch?v=YknxpMZKAZk
S-400 «Triumph» ( SA-21 Growler )
http://www.youtube.com/watch?v=SSwQOcQ-3RI
Russian submarine TK-208 Dmitri Donskoi (06.06.2011)
http://www.youtube.com/watch?v=jdl1v9Y1hsk
The Ram-jet rockets can also deliver Electro Magnetic Pulse devices that will blind all the US military spy satellites, and would likely burn out all the US CENTCOM Theater communications back to the Pentagon WORLDWIDE!
Believe me, Anonymous, your EVIL fraudulent country WILL PAY!
Being a Canadian of European birth I could not wish for anything better to happen
This evil,satanic Illuminati Monopoly Money must be destroyed in order to remove the Power from your occupiers/controllers, to get Jewmerica back to what it was before Woodrow Wilson sold you guys out to the children from Hell.
The Head of the Snake will be taken care of by other Countries I hope.
Hey Anonymous, can’t tell if you’re here just to stir trouble or believe what you’re posting.
In either case, you’re also being play.
look up Bankers internaional settles
www. bis.org
that is where almost all the money leads to, and canada is one of its puppets.
@asdfghjkl
We in Canada have our own Money and Banking,it might be tied to the U.S.A. ,but so are all World Currencies. At least Woodrow Wilson only sold you guys a bum Steer.
We in Canada are not able and will not print money as you do in the U.S.A.
We have a better and high rating, yours already went down the tube.
China will give it its death throw.
No I am not here to stir up trouble,but if telling the truth will stir up trouble, so be it,you don’t have to like it.
Americans 80% lazy bums
Yes americans are lazy … but should the people suffer because of a government that is unruly and do as they please…. I say no I don’t have the luxury of doing as I please I have to work day in and day out which takes time away from my daughter but there are ppl out there who loose their homes and go with out food while government officials eak like kings and have nothing to worry about. As the people we should all be scared because of t he debt of our government, THE TIME WILL BE COMING SOON UNLESS WE GET OUR FELLOW PEOPLE OFF THEIR ASSES AND DO SOMETHING
but tht won’t happen because 80% are ignorant to what goes on cuz there to consumed in their lives family holidays and so on
I’d be pretty scared to be Chinesed. Look at how they treat their people.
This is great news…
It will force the idiots in Washington, DC to really work on a Balanced Budget and stop spending money with no limits…
Good for China…
…..and our politicians are letting this happen…
Hi from France,
China as only to let known the world they buy any gold for twice or farther more than actual value if traded in dollar.
Imagine China say world announcement : please bring us gold in this banks or embassies… and we give you cash dollars or transfer 3000 USD/ounce or more !
http://www.neveropenedeyes.com covers this very subject, and the collapse is inevitable.
I really wish that we knew, and likely someone does. The reason why the first emperor of China chose to destroy all written record and all technology. With the exception of happening thousands of years sooner, this was no different than the hypothetical situation of say in 1840 Americans suddenly deciding to destroy all technology and history, this is very strange and likely for an exact purpose. He was in fact told about the time we live in, and what his nation’s work to do right now exactly is. We are watching it play out, but with the knowledge of lost history we should know China’s role and exact objectives in written language other than whats given to us in the Holy Bible. The red dragon. Likely we have already been given full disclosure, just the devil is always in the details and I want to know every detail, other than the metaphor given in Revelations, I want the details everyone of them.
cant wait, really hope this happens
Wow the ignorance from all of you is astounding. … well just so all you idiot’s know they are not just coming for Americans, they are coming for us all so not only will american families suffer so will all of you and your loved ones… we should all be pulling together to fight this not to mention that if this was a problem your country’s were facing (which yours is) maby you would be a little more compassionate. You all sicken me but all the terror you wish upon the american people with also hit you and your people hope you are all prepared
http://www.neveropenedeyes.com covers this very subject
http://www.cnn.com/2013/11/26/world/asia/china-us-b52s/index.html
i think this would be america saying go ahead ~ make my day.