Recall some financial researchers claim the world’s reserve currency, USD, would fail only after many other currencies collapsed, such as the Euro, Yen and others…
Many are expecting the nation state dominoes to begin falling, and then it will be the U. S. turn to complete the global collapse and usher in the new, preplanned, financial system. ~Ron
U.S. Dollar Collapse Update! Chinese Yuan Has Passed The Euro And Is Now #2 In Global Trade!
Published on Dec 4, 2013
China’s yuan overtook the euro to become the second-most used currency in global trade finance after the dollar this year, according to the Society for Worldwide Interbank Financial Telecommunication.
The Chinese yuan data is now in and the October numbers from the Swift system show that the yuan, which in January 2012 held only 1.89% of trade transactions, jumped to 8.66% surpassing the Euro, which has fallen to just 6.64% of Swift transactions. In January 2012, the Euro held 7.87% of Swift transactions. These numbers show that the Euro is on its way to a third world country status.
The German polls show the collapse in support for the EU as well. Now only one-third of Germans believe there is any benefit to being part of the EU. The entire European experiment is a total disaster. Unemployment among the youth has risen to levels that warn revolution cannot be far behind once you exceed 60%. Taxes keep rising and the standard of living is collapsing as well. What has emerged is renting clothing now because people can no longer afford to even buy a pair of jeans.
Greece has seen no benefit at all. Employment has collapsed back to 1997 levels. To the average Greek, Europe has brought nothing but hardship. There is absolutely no hope that the policies being imposed upon Greece will restore the economy in any possible manner. Greece is destined for perhaps major civil unrest if not a revolution.
Now with the dream that a single currency was needed to rival the dollar, the Euro has fallen even behind China. It is destined to become a rather unimportant currency that is grossly overvalued given its economic prospects. We are witnessing the complete collapse of Marxist-Socialism. Just don;t tell the politicians yet. They are still in denial. In France, about 20,000 small and medium construction enterprises have just in the last 12 months have fallen into insolvency.
European EU elections are next May. Already there are mass rallies in Italy calling for the breakup of the Eurozone. We should expect serious political turmoil next year in 2014. This is part of the Cycles of War turning next year.
The US Dollar is Being Replaced Right Now World Wide
Published on Nov 26, 2013
23 countries, and 60% of the world’s GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.
The number one currency in South America is US dollars. This is what people hoard and how they protect their wealth. The Venezuela currency is in Free Fall. The citizens are at last going to be able to open bank accounts in dollars.