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De-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank
Greetings,
De-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank
Submitted by IWB
by Marco Janssen
Today on The Janssen Report (#95): de-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank…
Some of today’s & recent headlines:
Christine Lagarde of the IMF: Lagarde Warns World to Brace for Volatility If Fed Surprises.
Pension fund grab in Greece, use of pension fund reserves is now allowed!
Bank deposit confiscation policies in place around the world; G20 decision 2014.
The economic power shift from the US & the dollar to China and the China-led financial system keeps unfolding, in spite of the weak China economy.
The Chinese have been hoarding gold to build up their reserves. The first major step is to join the IMF and have the Yuan/Renminbi included in the Special Drawing Rights basket of currencies.
China – IMF talks are underway about precisely this subject: to move the yuan into a position as one of the world reserve currencies. Inclusion in the basket of currencies (SDR) with the IMF would get them alongside the Dollar, Euro and Pound.
China is gearing up to play a bigger role in the global economy; their Asian Infrastructure Investment Bank (AIIB) is now attracting US-allies such as UK, Germany, France and Italy.
Western economy is becoming more and more unstable. Asset bubbles are huge.
ECB bazooka 60 billion a month might stimulate equity markets in the short run, but dedollarization will further destabilize the western block.
Watch this episode of The Janssen Report here:…..more here
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