Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
TYLER DURDEN, 16 April 2021
In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.”
Two weeks ago, The IMF reported that the global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter, according to the IMF’s COFER data released today. This matched the 25-year low of 1995. Continue reading “Article: Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion”
Dollar Death Knell: IMF Introduces World Currency
Anthony Migchels, 05 April 2021
Anthony Migchels: “Henry, something big happened last week: the IMF is going to give out loans in SDR. Special Drawing Rights are their currency. By itself, they’re nothing special, but the IMF has always lent in Dollars.
That they are going to print their own currency on a large scale, $650 billion to begin with, is simply monumental. It means that World Currency is starting.
This is EXACTLY what Mark Carney (BoE chief) announced 18 months ago. That the Petrodollar would end ‘in ten years’, and would be replaced with an IMF World Reserve Currency. I reported on it here. There’s Going to be a Gold Standard & It Will Be Disastrous.”
“Make no mistake: if there’s a World Central Bank, and a World Reserve Currency, open World Government is not far away.”
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Our Financial Oligarchy; Emperors of a Brave New World
They own the regulators; they own the brokerage houses; they own the clearing houses; they own all of your investments; and it’s even been shown that they can exert complete control over the government.
To understand how these banks exert complete control over our financial system, one must first understand the securities clearance system.
In the United States of America, there is only one central clearinghouse: The Depository Trust and Clearing Corporation, and for almost 50 years they have maintained a virtual monopoly over this essential service.
It is a private corporation that is owned by these mega-banks and brokers.
Read full free book online with many illustrations
PDF (470 Pages): Our Financial Oligarchy Back-Up