China’s & Swiss’ Secret is Now Revealed…

China Currency RMB or Renminbi is also called YuanThe Swiss National Bank were very big “supporters” of the European currency unit, amassing nearly 600 billion euros on their balance sheet.
The great instability in the currency markets was laid bare for the world to see when recently the Swiss dropped their currency peg to the Euro and saw a 30% rise in the Swiss Franc within minutes!
That severe of a major currency move has not been seen in the 21st century…
Another surprise is the old lesson to not trust anything the executives say, because it is only their actions that tell the true story: It was only 3 days prior that the SNB reassured the markets the Swiss would continue the currency Peg, and then the surprise move that dropped the peg three days later. Talk about deception!
What little amount of trust existed in the Ponzi Economy, the global monetary system, has surely evaporated as this new year of 2015 is set to transition from the old monetary system to something different. The ramifications will continue to unfold in coming months…

Now a big puzzle piece may have been revealed, along with the arrival of Premier Li Keqiang.
The Swiss may have been offered a GREAT DEAL from China!
{Hmm…did the spying agencies know of this in advance?}
Apparently it is only a matter of time before China’s currency peg to the U.S. Dollar is removed!
Before the end of 2015 We expect the RMB to be a RESERVE CURRENCY.
Crisis: It is not a Accident, it is Policy. ~Ron

China‘s and Switzerland’s central banks have signed an agreement to make Zurich the newest hub for trading the renminbi currency (RMB).

Switzerland will receive a quota of RMB50 billion (CHF7 billion) to establish itself as a so-called RMB Qualified Foreign Institutional Investor, or RQFII, according to an announcement from the Swiss National Bank (SNB). Switzerland’s status as a “renminbi hub“ will give Swiss commercial traders the ability to make and clear direct trades with their Chinese counterparts in China.
The agreement suggests that a Chinese commercial bank may also establish itself in Switzerland in the coming months, since such a presence is necessary for renminbi clearing arrangements to take place.

The SNB called the agreement, which was reached on the sidelines of the World Economic Forum’s annual meeting in Davos, “a sign of fresh progress in bilateral financial cooperation between China and Switzerland“.

Read More: swissinfo.ch/eng/
Swiss National Bank Statement

GATA: If I were head of the FED I would jump out the window!

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RELATED:
http://www.snb.ch/en/mmr/reference/pre_20150121/source/pre_20150121.en.pdf%20-%20statement
https://ronmamita.wordpress.com/2015/01/17/russia-announced-the-universal-credit-rating-group-ucrg-will-rival-moodys-sp-and-fitch-this-year/
https://ronmamita.wordpress.com/2015/01/15/g20-finance-and-central-bank-deputies-met-december-2014-to-set-stage-for-2015/
https://ronmamita.wordpress.com/2014/12/15/when-the-financial-centers-computers-are-ready-the-yuan-will-be-accepted-as-a-world-reserve-currency/
https://ronmamita.wordpress.com/2014/11/26/detailed-discussion-of-globalist-monetary-system-reform/
https://ronmamita.wordpress.com/2012/07/14/how-to-carve-up-the-world-by-the-corbett-report/
https://ronmamita.wordpress.com/2013/05/07/people-you-should-know/
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7 comments on “China’s & Swiss’ Secret is Now Revealed…
  1. RonMamita says:

    The “Neutral” Swiss Just Changed Sides!

    By Bill Holter http://news.goldseek.com/GoldSeek/1422043320.php

    The Swiss have been known for many things. They are renowned chocolate and watch makers as well as financiers. They are well known as a very low crime society where nearly everyone has a gun (maybe this is why crime is low?) but their greatest claim to fame has been their “neutrality. They did not participate in either World War I or WWII. They did however do business with both sides during World War II and profited handsomely. If you recall, many accounts they had held went unclaimed for years because many of the “depositors” were killed during the holocaust.

    Swiss bank money repaid to Holocaust victims

    When the settlements were made some 15+ years ago, the survivors and heirs received “paper” settlement for their gold deposits. It is also highly likely Switzerland still has untold tons of gold in their vaults from the Nazi Germany regime which was stolen from overrun people and even nations. I bring this up because it is important you are fully aware that Switzerland “knows” gold. Not only do they know gold, they know which is better, paper or gold …which is why they reimbursed claims with paper rather than gold.

    With the above in mind, the Swiss National Bank as you know were very big “supporters” if you will of the European paper currency unit, amassing nearly 600 billion euros on their balance sheet. They shook the financial world last week when they announced a drop to the peg floor of 1.20 after publicly confirming it just three days earlier. In fact, the ripples (unintended consequences) have yet to fully play out or be disclosed as derivatives of all sorts were affected.

    We asked the question “why”, last week. Why did they drop the peg, especially after confirming it just 72 hours earlier? The common sense reason was because they had to. Euros were piling up on the SNB’s balance sheet with the current 60 billion per month more staring them right in the face. Why accumulate more of something the issuer publicly and purposely wants to dilute?

    Fast forward less than one full week and another, maybe the BIGGEST piece to the puzzle has emerged! It appears the Swiss may have been given an offer they couldn’t (shouldn’t) refuse? It was announced yesterday that the Chinese and Swiss have agreed to opening a “renminbi hub” based out of none other than Zurich.

    Do you think this deal just came out of the blue? Did the Chinese request, or offer, a renminbi hub AFTER the Swiss announced the end of their euro peg? Or, do you believe the louder Mr. Draghi became and the closer the date of QE announcement came, the Chinese and the Swiss were meeting behind closed doors? As an earth shattering side note, the Chinese publicly and formally also announced yesterday of their intentions for the yuan to be an internationally traded currency!

    The obvious takeaway from these announcements is twofold. One we could have certainly speculated on, the other a surprise. First, it is and has been common sense that the yuan (renminbi) was going to eventually become an internationally tradable currency with the speculation of eventually becoming “a” if not “the” reserve currency. This, we could have expected, the timing though was unknown. The not so obvious take and maybe just my own opinion, the Swiss just took and changed sides! I know this is a big statement so I will try to explain my thinking here.

    The Swiss surely had to know when they dropped their peg, speculators, financial institutions and even some central banks would be offside and take losses, BIG losses. They could have dropped the peg differently. They could have even moved the peg slightly and not forecast further moves. In other words, they could have made the move slower. They chose not to and according to Christine LaGarde, they gave no prior notice to the IMF. I was not sure last week but now, after the Swiss/Chinese alliance I believe her. I believe this was a bolt of lightning out of the blue to the Western banking system and probably a shot across the bow by the Chinese.

    Going just a bit further, the Swiss have actually injured the Western financial system with their overnight and sudden move. Derivatives have taken hits and very well could have set off a chain reaction behind the scenes …which have not yet surfaced? They did this AND moved Eastward at the same time. In my opinion, the Swiss “know” the direction where the power structure is moving. You see, Switzerland has “re” refined several thousand tons of gold over the last few years. They know where the gold came from, they know they received London good delivery gold, they know they recast this gold into “kilo” bars which is good delivery in the East …and they know where they shipped all of this gold. You would not have to be as bright and precise as the Swiss to understand what is happening. They have seen the flow, done the math and watched as “power” (gold) has been moved from West to East.

    Before finishing I would like to comment on their “neutrality”. The Swiss have always been connected to the Anglo banking and financial systems. Over the last 3-5 years they (the Swiss financial institutions) have been attacked time and again by Washington DC. with new rules and regulations, FATCA being the obvious. Their institutions have been blackmailed and strong armed into breaking secrecy laws which stood for well over a century. Do you think they liked or enjoyed this? Would they have changed their practice unless they were forced to? Of course not.

    So, “what’s in it for them” you ask? This is easy! Switzerland by allying with China is simply following “the power”. They will also be doing business in a “respectful” manner with the Chinese rather than with the disrespect they have worked under with the West. They also will now have another way to transact business, they will be entitled to and even enticed to use the new clearing system that Russia has formed… and not under the watchful eyes of SWIFT! As a speculation on my part, I believe the Swiss fully understand “what” it is that is coming. They can see as well as we can, the collapse is coming. A banking collapse, a derivatives collapse, a trade “war” and collapse, and a currency/credit collapse. If it is obvious to people like us who are not plugged in, it is more than obvious to them being at the heart of global finance. I believe they are simply positioning themselves ahead of collapse and “gittin’ out while the gittin’ is good”! I might add, they are doing this on their own terms and timing, not terms, conditions and timing which are forced on them!

    In my opinion, when we look back at what the Swiss are doing and have done, we will simply look at it as “the Swiss did what they had to do and what was best for the Swiss”. They have changed sides so to speak and done so in a front running and hands on manner. This is simply Switzerland doing what it does best …business!

    Regards,

    Bill Holter

    BILL HOLTER, Associate Writer, Miles Franklin Precious Metal Specialists

    Address: 801 Twelve Oaks Center Drive, Suite #834, Wayzata, MN 55391;

    Telephone: 800.822.8080, 952.929.7006; Fax: 952.476.7971

    E-mail: bholter@milesfranklin.com; Website: http://www.milesfranklin.com

    Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. In 2006 he retired and moved to Costa Rica where he lived until 2011 when he moved back to the United States. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-2012.

    • RonMamita says:

      Deception and Lost Trust

      Thomas Jordan, the President of the Swiss National Bank, just last week, a mere two days prior to releasing the Swiss Franc, stated the peg should remain in place in order to help the Swiss economy and allow Switzerland’s exports to remain competitive. This was the same exact message that Mr. Jordan used back in November, when he WAS NOT suppose to be campaigning for or against the Swiss Gold Initiative, but did so anyway. Mr. Jordan told the good people of Switzerland that moving away from the Euro would crash their economy and create hardship for everyone. My, my how things change in a mere six weeks; eh, Mr. Jordan?

      Now we find out that the Bundesbank [here after referred to as BuBa] announces they were able to pry 85 tons of gold out of the hands of the Federal Reserve in New York and an additional 35 tons out of France. Of course this was done under the watchful eye of the Bank for International Settlement (BIS) and all the gold was stamped with 2014 dates. The German people, according to Peter Boehringer, have no proof that BuBa actually received any gold, from anywhere. No documentation, no photos, no assays, no nothing, no shipping manifest; nothing. How can take possession of an item, any item, especially something as sensitive as YOUR NATIONAL GOLD, and not be provided with any paperwork? Really? The time I checked I did not see “fool” tattooed on my forehead. We are suppose to believe the BIS supervised the shipment, assayed the gold and accounted for all the bars but they can not provide ANY paperwork! The BIS, for those that are unaware is the central bank that oversees ALL the central banks the world over. In essence the nerve-center for global crimes against humanity.
      http://www.silverdoctors.com/peter-boehringer-this-is-suspicious-to-say-the-least-show-me-the-gold/

    • RonMamita says:

      Indeed!
      The RMB is being positioned for the Chinese to drop its peg to the dollar and emerge as a world reserve currency.

      We will not be surprised.
      PS: From Swiss to Greece we go – The “anti-austerity” SYRIZA party alliance is reportedly the new government… I have a bad feeling that something(s) ugly will be pulled on the Greek People…
      A lot of institutional money is angry and still weld power as they are being booted out.
      They have not left yetquick, armed guards escort them out of the country!

  2. RonMamita says:

    The Joke is On the Banksters…

    Thanks, N, for sharing this delightful comment from a membership site with us. Priceless!

    It’s posts like this that help us keep it light, see the situation for what it is, and see the Light at the end of the tunnel.

    Our liberation is a process, and we’re right on time—Divine time, that is. ~ BP


    Here’s a Cut & Paste of JohnnyDon’Play’s lovely comment on the Swiss Move in the Subscribers section of his blog. http://www.dis-infowars.com/

    We will be “to the point” and direct.

    The Swiss move, in and of itself, is no big deal.

    It has become a VERY big deal, because?

    Hedge funds, Investment Houses, Governments, Directors, Billionaires, Trillionaires, CEO’s, Board of Directors Members, Traders, Military Heads, Diplomats, and Elitests alike KNEW ABSOLUTELY NOTHING ABOUT IT!

    KNEW ABSOLUTELY NOTHING ABOUT IT!

    This is the Revelation.

    This is the break.

    All of the above mentioned individuals, actually, never make a dime. They instead, steal it with inside information. Yes, Warren Buffet, Carl Ichan, George Soros, Bill Gross, Jeff Bezos, Steve Ballmer, Jamie Dimon, Mark Zuckerberg, Bill Gates, Steve Jobs [Ed. note: now deceased], Mark Cuban, Larry Page, etc. all STEAL everyday as a routine process. They call it BUSINESS because they love to lie to themselves about how GREAT they are.

    Well now, the information is not being forewarned to them.

    What a “tisk”.

    This is why the markets are panicking. It’s because the “Inside Feed” is no longer available. Without this — they are nothing.

    They cheat, and cheat, and cheat, and lie and steal. That’s all they know.

    Tough break Hooligans!

    Looks like your scam just got scammed.

  3. RonMamita says:

    Talking Silver with JM Bullion’s James Anderson

    Published on Jan 21, 2015
    Talking Silver with JM Bullion’s James Anderson, author of the Beginner’s Guide To Bullion Investing – We talk about G20 Bail-in plans, the Swiss abandonment of the Euro, record Silver Eagle sales and who’s behind it & much more. Thanks for joining us!

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