Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

May 02, 2016: Dollar Collapses?? China Says “NO DOLLARS” For New Gold-Backed Yuan

% of readers think this story is Fact. Add your two cents.


 

“The metal god is a sign of power and stability for man; it will fall and succumb and will not rise again. Humankind will accept what is offered to them, they will accept being marked, and in view of a single value, without hesitation they will give themselves to the clutches of the announced enemy of this generation.” Light of Mary- April 17, 2016

China’s currency may be the new world currency as the US Dollar falls to the wayside and since April 14, 2016, China has declared that it will not support US Dollars for its new currency backed by gold.

When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for Global Reserves and International Trade, they wanted China to make the Yuan more reliable as a currency. Since then, China has almost un-pegged its Yuan from the Dollar, allowing its value to fluctuate on world markets.

But for years, China has been amassing huge amounts of gold bullion; some have said their appetite for bullion has been “staggering.”  And with a new gold-backed Yuan to be issued next Tuesday, the entire world will have a choice of a new currency to use for international trade:  The old US Dollar which is backed by nothing, or the new Chinese Yuan, which is backed by gold.  Which currency would YOU use?

When this new currency is issued, countries that have been forced to use US Dollars for decades, and have had to keep billions of dollars in their foreign currency reserves, will be free to dump those dollars.  But they won’t be able to dump them to China for the new gold-backed, Yuan!

China has reportedly decided “there can be no conversion of gold-backed Yuan to or from US dollars.”  What China fears is that many countries around the world will want to trade their reserve US dollars  for the new Yuan, leaving China with mountains of worthless US dollars.  China already has several trillion in US dollar reserves and does not want or need more.

Also, Cosmic Awareness wrote about the collapse of the US Dollar as early as May 02, 2016:

“However if an economic event of great magnitude
to were to occur and that the economic backing of the American dollar crumbles,
is devalued, then the situation will grow much worse.

This Awareness is here
to say that at this time, one of the events that the United States and the
world itself globally, is being moved towards is the collapse of the American
dollar as the currency of international standing. There are events taking place
at this time: meetings between the bankers and the President and the Vice
President, all in secret. There are negotiations underway that are pushing a
China agenda, that there is a very strong likelihood of a collapse of the
American economy in the next few weeks.”

In addition, Cosmic Awareness added:

“That China is that nation at this time that is in the strongest
economic position for they have gold and that there are manipulations and plans
to move the international currency away from America and to China, thus the UN,
the Yuan, the Chinese currency becomes the international currency and this is
very close to happening, and if it does happen a series of events will occur in
the United States that will see the devaluation of the American dollar.

That these will be in preceded by a closing of
the banks, that which will be called a bank holiday and that when the banks
open again the dollar that was valued at one level will be much lower, having
been devalued and that this will send shock waves through America and that
there will be many collapses of many businesses and that many will find
themselves in economic destitution and despair. That this can even happen as
soon as May 2nd.”

http://investmentwatchblog.com/china-says-no-dollars-for-new-yuan/

http://[email protected]

 

 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

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).

Report abuse
    The contributor has disabled comments for this story
    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.