– Major Hubs & Currencies –
The economic zone model is engineered, and we see it deployed or in the early stages of being deployed worldwide. The zone model was used for the European (EU, aka Eurozone) economic bloc.
We see its likeness in the UNASUR, NAFTA, ASEAN Economic Community (AEC), and elsewhere.
Video title: “ASEAN Launches Economic Bloc But Analysts Sceptical”
Video title: “10 Southeast Asian Countries Launch Trade Pact”
The International Monetary Fund (IMF) recently acquired full approval (U.S. finally adopted the legislation) to include the Chinese yuan (RMB) in the IMF’s Special Drawing Rights (SDR) basket as a fifth currency, along with the United States dollar, euro, Japanese yen and pound sterling.
That move further integrated China into the New World Order global economy, while simultaneously promoting the internationalisation of the RMB as a major trade and investment currency. It also committed China to the globalists’ reform agenda, which is expected to result in more initiatives being announced in the coming months.
We also note the efficiency of urban banking hubs (aka Global Cities, or “Super Cities“), namely New York, London, Paris, Singapore, Hong Kong, Tokyo, Sydney and Los Angeles, Mumbai, Delhi, Bengaluru, Shanghai, Beijing, Melbourne, San Francisco, Washington, Chicago, Mexico City, Sao Paulo, Frankfurt, and Madrid.
You can readily see the planning convenience of having economic zones for the elite globalists.
Trading & Commercial Hubs would simplify the international monetary system for reserve currencies, trade agreements, development authority, currency and capital control. Overwhelming the troublesome number of nation states that have laws hindering the globalists’ hegemony.
– The New 21st Century SILK ROAD –
Globalists are Promoting the Belt and Road regional trade and infrastructure network scheme.
Below are Asia’s banking events welcoming the New Year 2016:
- December 31, 2015 was the day when the ASEAN Economic Community (AEC) was officially inaugurated.
“The new economic bloc, a free trade area of the ten member states of the Association of Southeast Asian Nations, or ASEAN, is encompassing a population of over 630 million people and a huge market of $2.6 trillion in combined GDP, making it the third-largest economy in Asia as a composite trading block and the seventh-largest worldwide.Its combined population is third after China and India, and it is the fourth-largest exporter after China, the European Union and the United States, with still very much scope for growth from emerging countries such as Myanmar, the Philippines, Vietnam and Cambodia with their diverse economic sectors spanning over agriculture, food, minerals and commodities, textiles, electronics and services. The AEC is also the fourth-largest importer of goods globally after the United States, the European Union and China.” –investvine.com - The Philippines in a last-minute decision is officially joining the China-led Asian Infrastructure Investment Bank (AIIB) before the deadline… becoming its last member, the government in Manila announced on December 30, 2015 –investvine.com
- China-Led Development Bank AIIB Formally Established, To Commence Operations in January 2016.
Reports state the China-initiated Asian Infrastructure Investment Bank, or AIIB, was formally established Friday in Beijing. See: tingvoa.com - “East Asia formed its first cross-nation union, the ASEAN Community, at the turn of the new year, which is expected to lead the region to a new stage of integration and growth.
The 10 members of the Association of Southeast Asian Nations (ASEAN) officially launched the community on Thursday, forming a bloc of 600 million people sharing a political, security and economic roof.
With a total GDP of nearly 2.6 trillion U.S. dollars, the seventh globally, the community aims to create a competitive single market with free flow of goods, services, investment capital and skilled labor. It is expected to grow into the world’s fourth biggest economy by 2030, according to media reports.[…] The Chinese Foreign Ministry welcomed the establishment of the community, calling it a “significant milestone” in ASEAN’s integration.” –Xinhua, January 2, 2016… - U.S. President Barack Obama will host leaders from ASEAN at an ”unprecedented” US–ASEAN Summit in Rancho Mirage, California on February 15 and 16, 2016 the White House said.
- Kyrgyzstan’s entry into China-initiated multilateral bank, the Asian Infrastructure Investment Bank (AIIB), will help Kyrgyzstan to develop infrastructure and contribute to the country’s sustainable economic development, the press service of the Kyrgyz Economy Ministry said on December 29, 2015. –timesca.com/news
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China Tries to Reduce Dollar’s Influence at G-20 Meeting
Priority to make the global system more resilient to shocks through less reliance on the U.S. dollar.
See more at: http://www.rmbweek.com/content/china-tries-reduce-dollar%E2%80%99s-influence-g-20-meeting
[This may represent the reform efforts to reach their goal of an international monetary system consensus. ~Ron]
China Promises More Financial Reforms After SDR Entry
More opportunities for financial reform and opening after inclusion in Special Drawing Rights basket.
-China Replaces SAFE Head-
People’s Bank of China deputy governor Pan Gongsheng will replace Yi Gang as head of SAFE (the State Administration of Foreign Exchange), Caixin magazine reported.
Yi, who is also one of the central bank’s six deputy governors, will retain his post at the PBOC. Pan is a former executive director at Agricultural Bank of China and head of investor relations at ICBC.
SAFE is responsible for proposing policies on reform of China’s forex administration system and advancing RMB convertibility under the country’s capital account.
– See more at: http://www.bloomberg.com/news/articles/2015-12-29/pboc-deputy-governor-pan-replacing-yi-as-safe-chief-caixin-says
UAE to Set up RMB Clearing Centre
RMB Week, January 04, 2016
The United Arab Emirates plan to set up an RMB clearing centre, becoming the second country in the Middle East to do so after Qatar, its central bank said.
A memorandum of understanding on the centre was signed on a recent visit to China by Sheikh Mohammed bin Zayed al-Nahayan, crown prince of Abu Dhabi.
During the visit, China and the UAE also agreed to renew a three-year swap agreement worth up to RMB35 billion (USD5.42 billion) and the Emirates were included in the RQFII (Renminbi Qualified Foreign Institutional Investor) scheme.
Most countries in the Gulf region currently peg their currencies to USD and keep their forex reserves in the dollar. Trade between the UAE and China is expected to hit RMB104.13 billion in 2016, according to Xinhua.
– See more at: http://www.rmbweek.com/content/uae-set-rmb-clearing-centre
China’s developing connectivity to its neighbours is a story of epic proportions
George Yeo says China’s connections to Eurasia, through its ‘One Belt, One Road’ initiative, will drive future growth…
*”China still accounts for less than 15 per cent of global gross domestic product, but its contribution to global growth last year was in the range of 40 per cent. So when that growth slackens, pretty much everyone around the world feels it.”
*”In terms of aggregate demand, it will take many more years before the Chinese economy has a big enough domestic consumption sector to replace investment as the principal driver – and that consumption must increasingly shift to services.”
the words “One Belt, One Road”, announced by Xi first in Astana in 2013, are far more than a slogan. They represent a strategic reorientation. “One Belt, One Road” is intended to create a huge flow, a 21st-century revival of the old overland and maritime silk roads, at the end of which we are going to find all of Eurasia criss-crossed by connections. Using a biological metaphor, the growth of these connections is like angiogenesis in the human body. First the vessels grow, then logistics companies provide the blood circulation – and development of organs follows.
Eurasia is a large part of the world, and it will, in a few decades from now, be the principal driver of the global economy.
This is why the Asian Infrastructure Investment Bank (AIIB) is so important. Many analysts saw its establishment as a power move against the United States, contesting the Bretton Woods institutions.
That may be a collateral effect but is not the main purpose of the AIIB, which is an absolute economic and financial necessity. Even so, this new institution can only supply a small part of what is required to finance all the infrastructure needed, which will be in the trillions of dollars.
[…]
The development of China-India relations is of great historical importance because of their large populations. Together, they comprise some 40 per cent of the world’s population.
See More: http://www.scmp.com/comment/insight-opinion/article/1878179/chinas-developing-connectivity-its-neighbours-story-epic
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THE WORLD IN 2016
Bix Weir: THE WORLD IN 2016
2016 – 2018: TIMELINE FOR COLLAPSE – V
Guerrilla Economist, “V”, said the U.S. dollar is being undermined.
“What should alarm you folks is that we are hanging on by a thread.”
“REALIST NEWS: Web Bot Hit & Small Web Bot Update”
Gaddafi’s son kidnapped in Lebanon freed by security forces –RT.com
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In Reply To:
The worldwide hegemony is founded on the fraudulent international monetary system, and that debt based system in being reset.
I see the world stage in a slightly more nuanced geopolitical distinction than:
“This is because of two reasons. One, Moscow and Beijing are not formal allies so the Chinese cannot expect much in the way of support from Russia in their territorial fights”…
The International Monetary Fund (IMF) accepted the RMB as the fifth reserve currency in the Special Drawing Rights (SDR) basket
I see foreign trade increasing the use of the RMB.
Russia, China, and the Island nations in the South China Sea (BRICS and SCO too) collectively supporting the Silk Road Trade agreement where Russia and China military will be major protection for safe commerce as the U.S. masters will use the U.S. gunboat diplomacy in a threatening fashion as additional incentives to develop the multipolar monetary system consensus that lifts the influence of the RMB as a world reserve currency and the Silk Road Trade used for fueling world trade growth along with Russia/China alternative or complementary S.W.I.F.T. and debt rating mechanism (China International Payment System aka “CIPS”).
– This is not an accident it is Policy –
Wealth redistribution from WEST to EAST.
The money masters and elite globalists are Promoting the RMB & SDR, AIIB, Belt and Road regional trade and infrastructure network scheme.
Even Duterte proclaimed the Philippines are open for business, signaling they are on board the Silk Road Trade development scheme.
But the elite globalists appear to be intentionally scripting the U.S. into the dark force role vs China as the light force role in escalating world war.
Eerily similar to what was done for world war 2 where the U.S. dollar became the dominate trade reserve currency…
After seeing how prevalent the dark occult, Lucifer and deity worship is among the ruling elite, we must consider the possibility that ritual human sacrifice (war) is required to seal their deal.
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The final list of 57 founding members of the AIIB
Australia
Austria
Azerbaijan
Bangladesh
Brazil
Brunei
Cambodia
China
Denmark
Egypt
Finland
France
Georgia
Germany
Iceland
India
Indonesia
Iran
Israel
Italy
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lao
Luxembourg
Malaysia
Maldives
Malta
Mongolia
Myanmar
Nepal
Netherlands
New Zealand
Norway
Oman
Pakistan
Philippines
Poland
Portugal
Qatar
Republic of Korea
Russia
Saudi Arabia
Singapore
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Tajikistan
Thailand
Turkey
UAE
United Kingdom
Uzbekistan
Vietnam
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Milestone Reached As RMB Reached Globalization
SDR will include the Chinese Yuan (RMB) as 5th currency in the international banking reserve of currencies.
I may be over-simplifying the SDR, but I characterize it as the basket of super currencies for the banks along with Gold Bullion.
At some moment the RMB must have its peg to the USD removed.
-Capital Controls-
BEIJING, Dec 30- China’s foreign exchange regulator said on Wednesday that it will improve its policy reserves and contingency plans to curb risks from abnormal cross-border capital flows. A fall of $150.3 billion in China’s foreign debt in the third quarter showed that some firms had moved to repay some of their liabilities to hedge against currency risks,…
The RMB has swung from 1.6 in 2014 to 6.4936 per dollar at the conclusion of 2015.
The cheaper RMB vs USD is a concern for U.S. trade of goods and services. U.S. domestic industries may be in free-fall.
Will the RMB policy be to stimulate Chinese industry demand with a cheap currency?
I am no trader, and from simple observations can we expect large swings and fluctuations in the FOREX as traders reap profits in the spread?
And what about companies that deal with Asian markets, will they move to cash in on the cheaper RMB?
Meanwhile, the Fed’s rate hikes increase the flow of institutional investors into the USD. That must be a major concern for China and the threat that capital will leave China…
Read the report above, as it effectively revealed that the RMB is already off the USD peg, in favor of a basket of currencies index. Which means the RMB could potentially have a drastic fall relative to the USD if it maintains a relative stable value with the index of other currencies.
Now that gives me reason to pause and ask, will the basket of currencies fall relative to the USD?
My guess is that is very likely to happen.
The USD is likely to become the odd one out and priced too high, requiring the banking club to initiate a drastic measure against the mighty dollar…
See this video about the Chinese RMB:
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ICBC To Buy Lease on Deutsche Bank’s Bullion Vault
– Reuters Reports
Friday January 08, 2016 14:06
(Kitco News) – ICBC Standard Bank is buying the lease on Deutsche Bank’s London gold and silver vault according to a news report from Reuters on Friday.
The article says the news was confirmed by four industry sources close to the companies. Reuters’ reporter, Claire Denina quoted the first unidentified source as saying, “”They (ICBC Standard Bank) have taken on the lease for the vault.” “They are applying for clearing membership at the moment, but that’s still subject to a vote, which has not taken place yet,” the source said.
Currently, five banks – JP Morgan, HSBC, Bank of Nova Scotia, Barclays and UBS – settle daily bullion transactions between dealers, and will decide whether to accept or reject ICBC Standard Bank’s application within the next few months.
ICBC Standard Bank and Deutsche Bank both declined to comment.
By Daniela Cambone of Kitco News; dcambone@kitco.com
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