I have hinted on this for 2 years now, I have stated my belief that WWIII has already begun but it isn’t a Nuclear War it is a Financial War. Remember China and Russia stopped trading in USA Dollars for Oil, the Petrodollar. https://shaunynews.com/2014/05/21/russia-and-china-dumped-the-us-dollar-petro-dollar-and-dow-drops/ I said at the time that it was my belief, through research and listening to the guys who actually know this stuff that the American Dollar was or may be very close to collapse. October 16 2014 https://shaunynews.com/2014/10/16/as-the-us-dollar-crumbles-the-world-is-set-for-war/ One article I did a long time ago now was China buying up land in Africa and building super cities, this hit the BBC and not many other media outlets. https://shaunynews.com/2014/07/15/china-in-africa-investment-or-exploitation/ Also with a little more research we find the way the USA is structured many have their mortgage with Chinese banks, now all it would take is for China to call these loans back and China will own US Land. I did an article on this but can’t find it so this is best I can do http://www.zerohedge.com/news/2014-04-03/chinese-are-buying-large-chunks-land-across-america-and-zillow-now-enabling-it I asked the question 2 years ago now “Are China preparing for war”? A war they would win. Just so you know the USA accounts for 5% of our 7 Billion world Populous, China account for 40% of the Worlds populous, so roughly China are 4 Billion of our World’s populous, that is a staggering amount. The USA is falling. Search my blog top right for key words, I think I have shown, with the help of others that the USA is no longer the Worlds biggest and best, China now own that position. America are only the best in 3 things on our planet 1. Country to spend most on War. 2. Most people in Prison per % of Populous. 3. Most people to believe in Angels and God. This video is only TV but it is true, America are 7th in Literacy, 27th in Math, 22nd in Science, 49th in life expectancy, 178th in Infant mortality (3rd World numbers here) 3rd in average household income and 4th in Labour force and 4th in exporting to other countries, goods made in the USA. I say all this because for ANY American to think the USA would in ANY type of War against China win, sadly you would be wrong. Links and BE SURE TO WATCH THE VIDEO AT THE BOTTOM OF THE PAGE!
Why America is not the best country on Earth – Most honest 3 minutes of TV ever
China Has Announced Plans for a ‘World Currency’
Via Daboo77 on You Tube
The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind? What if they have always wanted their own currency to become the single most dominant currency on the entire planet? What you are about to see is rather startling, but it shouldn’t be a surprise. When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers. Sadly, we have gotten to the point where checkmate is on the horizon.
On Wednesday, I came across an excellent article by Simon Black. What he had to say in that article just about floored me…
When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me. The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency” Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant. It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.
Everyone knows that China is rising.
And most everyone has assumed that Chinese currency would soon play a larger role in international trade.
But things have moved so rapidly in recent years that now a very large chunk of the financial world actually expects the renminbi to replace the dollar as the primary reserve currency of the planet someday. The following comes from CNBC…
The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors. The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of investors think the renminbi will surpass the U.S. dollar as the world’s major reserve currency. Optimism was higher within China, where 62 percent said they saw a redback world on the horizon, compared with 43 percent outside China.
And without a doubt we are starting to see the beginnings of a significant shift.
Just consider this excerpt from a recent Reuters report…
China’s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organization SWIFT said on Wednesday.
The U.S. dollar won’t be replaced overnight, but things are changing.
Of course the truth is that the Chinese have been preparing for this for a very long time. The Chinese refuse to tell the rest of the world exactly how much gold they have, but everyone knows that they have been accumulating enormous amounts of it. And even if they don’t explicitly back the renminbi with gold, the massive gold reserves that China is accumulating will still give the rest of the planet a great deal of confidence in Chinese currency.
But don’t just take my word for it. Consider what Alan Greenspan has had to say on the matter…
Alan Greenspan, who served at the helm of the Federal Reserve for nearly two decades, recently penned an op-ed for the Council on Foreign Relations discussing gold and its possible role in China, the world’s second-largest economy. He notes that if China converted only a “relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system.”
Meanwhile, the Chinese have also been accumulating a tremendous amount of U.S. debt. At this point, the Chinese own approximately 1.3 trillion dollars worth of our debt, and that gives them a lot of power over our currency and over our financial system.
Someday if the Chinese wanted to undermine confidence in the U.S. dollar and in the U.S. financial system, they have a lot of ammunition at their disposal.
And it isn’t just all of that debt that gives China leverage. In recent years, the Chinese have been buying up real estate, businesses and energy assets all over the United States at a staggering pace. For a small taste of what has been taking place, check out the YouTube video posted below…
How Much Of The U.S. Does China Own?
Via TestTube on You Tube
On a purchasing power basis, the size of the Chinese economy has already surpassed the size of the U.S. economy.
And there are lots of signs of trouble ahead for the U.S. economy at this point. I like how Brandon Smith put it in one recent article…
We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just as the Federal Reserve announced the end of QE3, indicating fiat money was used to hide falling demand), the Baltic Dry Index losing 30 percent since the beginning of the year, the Swiss currency surprise, the Greeks threatening EU exit (and now Greek citizens threatening violent protests with the new four-month can-kicking deal), and the effects of the nine-month-long West Coast port strike not yet quantified. This is not just a fleeting expression of a negative first quarter; it is a sign of things to come.
In addition, things continue to look quite bleak for Europe. Once upon a time, many expected the euro to overtake the U.S. dollar as the primary global reserve currency, but that didn’t happen. And in recent months the euro has been absolutely crashing. On Wednesday, it hit the lowest point that we have seen against the dollar in more than a decade…
The euro last stood at $1.1072, off 0.90 percent for the day and below a key support level, Sutton said. It fell to as little as $1.1066, which was the lowest level for the euro against the dollar since September 2003, according to Thomson Reuters data.
The euro also declined to one-month lows against the Japanese yen, which was flat against the dollar at 119.72 yen to the dollar.
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