“One of the discussions that the members of the IMF — i.e., the 188 member countries — are going to have to decide on is whether or not to enlarge that basket to eventually add the yuan as well, and that discussion will take place in November,” the spokesman confirmed.
The SDR currencies together act as the international currency reserve. The value of the international reserve is currently set by the US dollar, Japanese yen, the British pound, and the euro.
After the RMB is accepted as a world reserve currency the USD would be devalued, and the RMB will rise. This is hugely important and they want to manage this…
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.
Failure by the Republican lead Congress to pass the required legislation is quickly leading to a situation where China will get exactly what it stated it wanted back in 2009, namely an international reserve currency which is not directly connected to any one national currency, including there own, and having their currency, the renminbi, added to the SDR basket composition.
The only difference now would be that the RMB will be added to the SDR basket at a much larger and more valuable weight than it would have been back in 2010, if the reforms had been implemented at that time.
the NWO will look like the SOLUTION to all our problems, not another PROBLEM (such as a dark, scary fascist regime) we need to overcome. It will appear as though the corrupt have been defeated, World War 3 has been stopped, all regional conflicts have been resolved, biowarfare against the population has been halted, poverty has been alleviated, debt money has been abolished, secrets have been revealed, and so on and so forth. And the masses, after having been force-fed negativity and conditioned to expect a scary NWO for so long, are expected to be so overcome with joy that they’ll willingly embrace the New Order.
Our world is run – and has been run for some time now – by a relatively very small group of individuals who have it in their power to manage, as they think, the economies of nations. -Hugo Salinas Price
Peace Today
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