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Starting Today, November 30, $1 Trillion Starts Moving to China

Monday, November 30, 2015 6:25

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Nobody is talking about it… but two incredibly important things are happening TODAY that have to do with China’s financial markets…

These two things are just the beginning…

The two things happening today represent the beginning of up to $1 trillion moving into Chinese financial assets. (That $1 trillion is not my number. It is from two giants of finance – Standard Chartered and AXA Insurance.)

I’ll share both of these big changes with you today and tomorrow.

First, let’s look at what’s happening in China’s currency…

China will finally join the global superpower club.

Today, China’s currency, the yuan, will likely be allowed to join the big four currencies – the U.S. dollar, the euro, the Japanese yen, and the British pound – as the fifth member of the International Monetary Fund’s currency (the Special Drawing Rights, or “SDR”).

Specifically, earlier this month, the head of the International Monetary Fund (“IMF”), Christine Lagarde, said:

“The IMF staff assesses that [China's currency] meets the requirements to be… [included] in the SDR basket as a fifth currency, along with the British pound, euro, Japanese yen, and the U.S. dollar.”

Here’s the timeline for all of this…

The IMF will OFFICIALLY announce if the yuan gets to join its SDR reverse currency basket today. If the yuan gets approved, China will “join the club” on October 1, 2016.

The thing is, it’s already a foregone conclusion…

There’s no need to wait to hear the answer. You see, any country protesting the inclusion of the yuan would look like an idiot at this point.

So what does this mean? In short, it’s a vote of confidence in China’s drastic reforms by the world’s major powers.

This move is largely symbolic (as none of us actually use the IMF’s currency). What it means is far more important in the long run… It means that China’s currency “passes the test.” China’s currency is finally considered to be as legit as the other four, in the eyes of the world’s superpowers.

Most folks are blowing off the significance of this. I think that’s a mistake…

After today, hundreds of billions of dollars will likely flow into China’s currency in the coming years, and from a variety of sources… As a reserve currency for central banks… as a way for investors to diversify outside of the U.S. dollar… as a speculation… as a medium of exchange in global trade… etc., etc.

The era of China’s yuan as a legitimate currency starts today. (You can check www.IMF.org to be sure it happened.)

My humble suggestion is, get your money there first…

Tomorrow, I’ll show you what’s going on in China’s stock market… And why it gives us an incredible investment opportunity right now.

Good investing,

Steve

P.S. The IMF’s decision on China is so important that I recently put together a presentation explaining the full details. Importantly, we have two simple ways to profit from what’s going on right now. You can find the full details here.

Source: http://www.stansberryresearch.com/dailywealth/3149/starting-today-november-30-1-trillion-starts-moving-to-china

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