Ditching The Dollar- Canadian Province Issues $2.5 Billion in Chinese Yuan Bonds, Russian Lawmaker Pushing to Make Accepting US Dollar Illegal, Billionaires Around The World Are Bailing Out Of The Dollar

THIS IS AS CLEAR A WARNING TO EVERYONE AS I’VE SEEN TO DATE

(Beijing) – Canada’s western province of British Columbia said on November 5 it had completed the issuance of one-year offshore yuan-denominated bonds and raised 2.5 billion yuan.

This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.

Central banks and foreign institutions snapped up 62 percent of the bonds. Fund asset managers bought 18 percent. Investors in Hong Kong took 46 percent of the bonds, and 40 percent went to U.S. investors.

The bonds carry a yield of 2.25 percent. This is 10 to 15 basis points lower than bonds sold by the Chinese government, said HSBC, the sole book runner of the issuance. The bonds will be listed in Luxembourg.

http://english.caixin.com/2013-11-06/100600037.html

Russian Lawmaker Pushing to Make Accepting US Dollar Illegal 

A Russian lawmaker is pushing a bill that will make accepting the U.S. dollar illegal. He contends that people will suffer in a dollar collapse and countries need to “wean themselves off the dollar.” and More

The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt

The problems that plagued our financial system back in 2008 have never been fixed. They have just been papered over temporarily by trillions of easy dollars from the Federal Reserve.

http://theeconomiccollapseblog.com/archives/the-federal-reserve-is-monetizing-a-staggering-amount-of-u-s-government-debt

Read more at http://investmentwatchblog.com/ditching-the-dollar-canadian-province-issues-2-5-billion-in-chinese-yuan-bonds/#ghfS8Vr8UHEMkjF9.99