Be alert to what the central banks are doing, don’t be distracted.
Central banks are rarely blamed for the disruptive policies, social unrest, and wars they cause.
How vulnerable is the U.S. Southern border?
The retail crisis continues, more stores are declaring bankruptcy and closing down thousands of stores. Existing home sales and new home sales reverse course and decline rapidly.
Something BIG Is Happening Worldwide, But Few See, Hear, or Talk About It.
Make no mistake about the ruling class scripting civilization, the globalization script is all about mandatory capital controls…
Here we are with the World Bank helping China issue SDR-denominated bonds. This is the real reason that this bond issue is happening at all.
SDR bonds create the market for SDRs generally and legitimate their use as a settlement currency in their own right.
The New SDR, where as the RMB, AIIB and CIPS will mark their major roles in assisting the emerging markets increase international trade in exchange for the weaker national currencies/goods/services within investment banks, clearing banks, and central banks’ transactions mechanism.
I remind you to expect their forceful efforts for monetary reform to be in place by the end of 2018.
“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.
Remember – It is not an Accident, It is Policy.
“Zero Hedge is indeed asking the right question: Is Mr. Putin Creating a New World Order? At the minimum, as we’ve been arguing here – and as many other websites and bloggers have been arguing – Mr. Putin at the very minimum means to have a say and influence in whatever world order may emerge in the coming decades, and that the American “neo-cons'” version of a unipolar world order (a euphemism for hegemony) is simply out of the question, a sentiment which has played well in Beijing, New Delhi, and Brasilia.”
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.
An agreed upon one-world RESERVE currency would perhaps be a basket. I too am concerned who would be in control. I can say that the IMF is posturing already for that position.