“China might be making overt moves toward a convertible Yuan currency. (…) Consider the recent acceleration in Chinese gold accumulation, either the basis core for a gold-backed Yuan alternative to the crippled toxic USDollar, or the basis core for a new global trade settlement system to be introduced very soon. The usually patient Beijing leaders are showing signs of no longer possessing patience. The gold imports from Hong Kong are not simply rising; they are exploding in unprecedented fashion. Something big is going on.” – Jim Willie (1)
Best audio Interviews:
Jim Willie: “Global Opposition to the U.S. Dollar Mounts”
CNL Editor’s Note:
Here is a brief introduction,
followed by the link to Jim Willie’s interview
by TekoaDaSilva from bullmarketthinking.com
- 2007 – Brazil and China announced a swap facility to bypass the US Dollar in
- 2010 – Russia and China announced a swap facility to bypass the US Dollar in trade settlement
- 2011 – Japan and China announced a swap facility to bypass the US Dollar in trade settlement
- 2012 – India announced it will pay for Iranian oil in gold bullion
“The USDollar might not be attacked on several front with harsh assaults so much as it will be relegated into irrelevance, as the USDollar will be ignored and left to defend itself in the open fields where wolves and dragons roam wild.
…The numerous defiant gestures by China, Iran, Russia, India, and Japan paint the billboard in big bold letters. The workaround of the USDollar is moving fast apace….
What we are witnessing is the end of the Petro-Dollar in slow steps. Continue reading
Engdahl: Arab Spring a western ploy to control Eurasia RussiaToday
“For the ‘Gods of Money’ of Wall Street, the only chance of survival and keeping dollar now is finding new areas of loot. The Arab Spring is directed at grabbing and privatizing the vast wealth of the Arab world,” William F. Engdahl
— Full article here plus – Who is W. F. Engdahl?