The dollar empire is in trouble!

Greetings,

It is speeding up. The nations are covertly moving their assets out of the dollar and into other currencies, resources, investments, and real estate. They realize that this charade cannot and will not go on much longer.

Things are taking place just as was foretold or prophesied. The nations are moving away from modern day Babylon(America). The downfall is now crystal clear and no one wants any connection to catch blowback.

The super power and her debt are both quietly, but quickly & soundly being dumped. She is becoming more and more isolated politically and financially.

….”The beautiful and rich country of America, to which many people of Europe and Asia migrated, seeking refuge — in this country, as the prophecy is now coming into fulfillment…(“…in that day and time everyone will begin to go away from America, instead of coming to America!”)

As the Revelation (Bible) teaches us of the prophecy that “they will stand afar off and see the fire of her (America’s) burning and for fear of it they will lift up their hands and their voices. They will lament for her!”

America’s trade is cut off and all of her delicious and delicate things that she used to have in trade — it is all gone! In one hour (one day) it came to pass, here in the Western Hemisphere!”–Chp.60(tfoa)

If you can’t see it you are blind. But i say still, that if you are not watching you will be caught in the snare laid for America’s collapse and downfall!

De-Dollarization Continues: Russian Oligarchs Shift Cash To Hong Kong Dollars On Sanctions Concerns

by Tyler Durden

Bank of America Bank of America Currency Peg Hong Kong

Source: www.zerohedge.com 

Last week we noted the very significant activity by the Hong Kong Monetary Authority as it bought USDollars in size to support its peg. It appears we have found at least one smoking gun for why they were forced to do this. In what appears to be another sanctions-blowback, Russian oligarchs are de-dollarizing their cash holdings and shifting to Hong Kong Dollars. As Bloomberg reports, various Russian entities are shifting up to 40% of their cash to HKD. “Keeping money in Hong Kong dollars is essentially equivalent to keeping it in U.S. dollars because of the currency peg,” notes BofA’s Vladimir Osakovskiy, adding “for Russian companies it’s still much safer from the standpoint of sanctions.”

 

As Bloomberg reports,

OAO MegaFon (MFON), billionaire Alisher Usmanov’s wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMK Norilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet up sanctions against Russia.

MegaFon decided to keep about 40 percent of its cash in Hong Kong dollars given the global markets disturbances, Chief Financial Officer Gevork Vermishyan said in a phone interview. The Moscow-based carrier has traditionally kept its foreign cash in U.S. dollars and euros, according to the company.

Norilsk Nickel, the world’s largest producer of nickel and palladium, is also keeping some of its cash in Hong Kong dollars now, two people with knowledge of situation said, asking not to be identified as information isn’t public.

The Hong Kong dollar has been linked to the U.S. dollar since 1983, and its fluctuation from the American currency hasn’t exceeded 1 percentage points since then…

“Keeping money in Hong Kong dollars is essentially equivalent to keeping it in U.S. dollars because of the currency peg,” said Vladimir Osakovskiy, chief economist of Bank of America Corp.’s Russian unit. “Still, for Russian companies it’s much safer from the standpoint of sanctions.”

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