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Chinese Dollar Liquity Becomes International Now!

serfserf Member Posts: 9,225 ✭✭✭✭
edited June 2014 in Politics
Chinese are moving fast now to seek mainstream acceptance for Their currency converting mechanism world wide now! The Dollar is no longer the only way to play the system now.

serf

http://www.livetradingnews.com/renminbi-rmb-yuan-clearing-bank-to-open-in-london-52619.htm#.U48Q7ZSSw08

There will be a clearing bank in London. In due course, there will be an announcement," Mr. Boleat said. The news will be an endorsement for London's efforts to become an offshore yuan center. Other European financial centers in the race to become a Yuan center include Frankfurt, Paris, Switzerland and Luxembourg.

An official clearing bank facilitates efficient clearing of offshore Renminbi transactions, achieved through the appointed bank's direct cooperation with the People's Bank of China (PBOC) , the country's central bank.

Mr. Boleat said having a clearing bank in London will act as a signal for London's growing Yuan activities, although activities are already cleared through many commercial banks' own channels.

For example, in December Standard Chartered (LO:STAN) teamed up with Agricultural Bank of China to provide their own Yuan clearing platform, making use of the 2 banks' expertise and client base in the UK and China.

Mr. Boleat's news follows a memorandum of understanding China and the UK signed in April to work together on a clearing bank for London.

Comments

  • MadjackMadjack Member Posts: 71 ✭✭
    edited November -1
    A week or two ago, I put up a forum post telling about this & no one paid attention. This has been in the works since 1999, maybe longer, but it was put into action by our buddy bin laden. When the Chinese, with their money backed by gold, break the US dollar, WE go away. We have no way to combat this. Our so-called leaders sold us out to our detractors. Of course, fully knowing when & how this will happen, the Gores', Sores' & the like will keep their riches. This is how they will break the "power" of the middle class. Once that happens, they have clear sailing to allow the UN in & we will all experience what its like to live as a 3rd world subject. And WE allowed our own destruction by not standing up and simply saying NO!
  • spasmcreekspasmcreek Member Posts: 38,925
    edited November -1
    but we are rich...and the innumerable container ships still keep coming from CHINA...if this is true then 3/4 of the businesses left in Amerika should close when the dollar tanks
  • gary wraygary wray Member Posts: 4,663
    edited November -1
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    ^^^^^^^^^^^^Barzillia is right. The world will not actually recognize the yuan until the Chinese become completely transparent with it which is years away...they would like it to be different but the dollar is still king and will be for a long time. What most folks don't get is that China is still rather far away in GDP from the US and their economy, while getting stronger, is still far behind us...but they are trying hard to catch up. Another reason why we need marketorienteted leadership in DC rather than electing community organizers who can't make a good decision if it hit them (him) in the head. I think a change is in the works...and once our economy gets freed up from the restrictions put on it by over regulation, gov't edicts and such I think we will explode economically...at least that is my hope for 2016. But the yuan ain't the future...the dollar is...and for those that believe gold is the way.....living in age of Wild West...those days are long gone.
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    Sorry Gary but by then The taking of the mark will be the only way to deal in commerce and I don't mean German money either.[:o)]

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.
  • gary wraygary wray Member Posts: 4,663
    edited November -1
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.


    serf...have you ever taken a grad level econ course? Or do you just believe the lightweight junk that you read and respout? The econ world between your ears is not the real econ world out there....fortunately. To your main point....the yuan is not transparent and closely controlled by a communist county don't forget that the free world economies don't have much trust in....that is the reality. The Chinese are trying but have a long way to go....still an emerging economy with a GDP far behind ours. And your comment about the Russian military is, well, laughable as they still have a secondrate force (other than their strategic missile assets) having to, hello, buy helo carriers from France to project power! Chinese military not much better....but working hard to catch the topdog....us! BTW....are you rushing out to convert your dollars to yuan[?][;)]
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by gary wray
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.


    serf...have you ever taken a grad level econ course? Or do you just believe the lightweight junk that you read and respout? The econ world between your ears is not the real econ world out there....fortunately. To your main point....the yuan is not transparent and closely controlled by a communist county don't forget that the free world economies don't have much trust in....that is the reality. The Chinese are trying but have a long way to go....still an emerging economy with a GDP far behind ours. And your comment about the Russian military is, well, laughable as they still have a secondrate force (other than their strategic missile assets) having to, hello, buy helo carriers from France to project power! Chinese military not much better....but working hard to catch the topdog....us! BTW....are you rushing out to convert your dollars to yuan[?][;)]


    http://oilprice.com/Energy/Energy-General/China-Leads-From-The-Shadows.html

    The unwillingness of the Fed to ship the gold on demand causes some to wonder if it has been loaned to the bullion banks that are unable to return it immediately. The suspicion that other central banks have also loaned out their holdings has prompted the Austria's central bank to send auditors to London to confirm whether or not their bullion is still being stored where it should be.

    With gold at a near equilibrium in supply and demand, it would not be difficult for the largest and fourth largest producers to bring down the world economy by making it impossible for the borrowing bullion banks to go into the market to replace the borrowed bullion at double or triple the price at which it was acquired. The next Pearl Harbor could be a press release from the Chinese and Russian central banks to the Wall Street Journal that they are adding large quantities of gold to their reserves. If suspicion that the central banks have mismanaged world affairs under a cloak of secrecy turns out to be true, that would trigger financial chaos.
  • gary wraygary wray Member Posts: 4,663
    edited November -1
    quote:Originally posted by serf
    quote:Originally posted by gary wray
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.


    serf...have you ever taken a grad level econ course? Or do you just believe the lightweight junk that you read and respout? The econ world between your ears is not the real econ world out there....fortunately. To your main point....the yuan is not transparent and closely controlled by a communist county don't forget that the free world economies don't have much trust in....that is the reality. The Chinese are trying but have a long way to go....still an emerging economy with a GDP far behind ours. And your comment about the Russian military is, well, laughable as they still have a secondrate force (other than their strategic missile assets) having to, hello, buy helo carriers from France to project power! Chinese military not much better....but working hard to catch the topdog....us! BTW....are you rushing out to convert your dollars to yuan[?][;)]


    http://oilprice.com/Energy/Energy-General/China-Leads-From-The-Shadows.html

    The unwillingness of the Fed to ship the gold on demand causes some to wonder if it has been loaned to the bullion banks that are unable to return it immediately. The suspicion that other central banks have also loaned out their holdings has prompted the Austria's central bank to send auditors to London to confirm whether or not their bullion is still being stored where it should be.

    With gold at a near equilibrium in supply and demand, it would not be difficult for the largest and fourth largest producers to bring down the world economy by making it impossible for the borrowing bullion banks to go into the market to replace the borrowed bullion at double or triple the price at which it was acquired. The next Pearl Harbor could be a press release from the Chinese and Russian central banks to the Wall Street Journal that they are adding large quantities of gold to their reserves. If suspicion that the central banks have mismanaged world affairs under a cloak of secrecy turns out to be true, that would trigger financial chaos.


    serf....like I said, do you really believe everything you read? News message...the world IS NOT ON THE GOLD STANDARD...just those folks who watch the TV messages on converting to gold. China and Russia can collect all the gold that they want....use silver and other "precious metals" too and it won't amount to a hill of beans. The power is in the economy not the gold....which is why we got off the gold standard back in FDR's days. Not to fear the sky, is not falling[;)]
  • MadjackMadjack Member Posts: 71 ✭✭
    edited November -1
    we all could argue the gold standard forever. I just know what I have personally researched. Ad you're right... it might not be the time for China to "come out of the closet." But I have another bone to throw in the works. That is, I don't believe Russia will ever side with China. They may kiss each others Hienies,but China needs more land due to population, and that fact is always in the back of the Russkys minds. They need us around, if for no reason than for bodies to put in front of the gun. That doesn't mean that they wouldn't cut our throats economically.
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Barzillia
    quote:Originally posted by gary wray
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.


    serf...have you ever taken a grad level econ course? Or do you just believe the lightweight junk that you read and respout? The econ world between your ears is not the real econ world out there....fortunately. To your main point....the yuan is not transparent and closely controlled by a communist county don't forget that the free world economies don't have much trust in....that is the reality. The Chinese are trying but have a long way to go....still an emerging economy with a GDP far behind ours. And your comment about the Russian military is, well, laughable as they still have a secondrate force (other than their strategic missile assets) having to, hello, buy helo carriers from France to project power! Chinese military not much better....but working hard to catch the topdog....us! BTW....are you rushing out to convert your dollars to yuan[?][;)]


    No, he is buying silver at $38.

    [:D]



    No I am watching the illuminating NWO that runs on greed and power while owning everything of value while the common people are manipulated by Politicos,Bankers & Corporations with taxes that Keynesian economics use to defraud the masses in wholesale thievery!

    And if that doesn't work there is always war to reset the game pieces and instill fear pain and death to quell any power that comes to challenge their evil system of existence and ownership of their evil intelligence.

    serf

    http://www.bloomberg.com/news/2014-06-06/beijing-based-imf-lagarde-ponders-china-gaining-on-u-s-economy.html

    Beijing-Based IMF is coming!

    We cannot have a good representation of the membership when China has a teeny tiny share of quota, share of voice when it has grown to where it has grown."

    http://www.forbes.com/sites/danielmitchell/2013/10/30/keynesian-economics-government-shutdowns-and-economic-growth/

    Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector.

    With that type of model, you then automatically generate predictions that bigger government will "stimulate' growth and create jobs. Heck, sometimes you even admit that you don't look at real world numbers.
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Barzillia
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    quote:Originally posted by gary wray
    quote:Originally posted by serf
    quote:Originally posted by Barzillia
    As long as the yuan does not float, this is pretty well meaningless.


    Well when The German Banks fails with 75 trillion in Derivatives and The Central banks paper digital money goes bust then The Yuan will float with gold banking SDR IMF banking if The US military is winning WWIII that is! [:D]

    If not then Russia with China with Gold and the rest of the BRIC'S will float their own deal[;)]! With Their Military !

    http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

    What we found, while hardly surprising for those who read out post from also a year ago, "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)", is just as jarring.

    Because while America's largest bank by assets, and certainly ego of its CEO, that would be JPMorgan of course, had a whopping $70.4 trillion in total notional of derivative holdings (across futures, options, forwards, swaps, CDS, FX, and so on), Deutsche Bank once again put it well in the dust.


    serf...have you ever taken a grad level econ course? Or do you just believe the lightweight junk that you read and respout? The econ world between your ears is not the real econ world out there....fortunately. To your main point....the yuan is not transparent and closely controlled by a communist county don't forget that the free world economies don't have much trust in....that is the reality. The Chinese are trying but have a long way to go....still an emerging economy with a GDP far behind ours. And your comment about the Russian military is, well, laughable as they still have a secondrate force (other than their strategic missile assets) having to, hello, buy helo carriers from France to project power! Chinese military not much better....but working hard to catch the topdog....us! BTW....are you rushing out to convert your dollars to yuan[?][;)]


    No, he is buying silver at $38.

    [:D]




    No I am watching the illuminating NWO that runs on greed and power while owning everything of value while the common people are manipulated by Politicos,Bankers & Corporations with taxes that Keynesian economics use to defraud the masses in wholesale thievery!

    And if that doesn't work there is always war to reset the game pieces and instill fear pain and death to quell any power that comes to challenge their evil system of existence and ownership of their evil intelligence.

    serf

    http://www.bloomberg.com/news/2014-06-06/beijing-based-imf-lagarde-ponders-china-gaining-on-u-s-economy.html

    Beijing-Based IMF is coming!

    We cannot have a good representation of the membership when China has a teeny tiny share of quota, share of voice when it has grown to where it has grown."

    http://www.forbes.com/sites/danielmitchell/2013/10/30/keynesian-economics-government-shutdowns-and-economic-growth/

    Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector.

    With that type of model, you then automatically generate predictions that bigger government will "stimulate' growth and create jobs. Heck, sometimes you even admit that you don't look at real world numbers.




    All righty then, serf, how about just a simple and non-confabulatory response as to how all of that has stunted your growth as a human being, and how your potential has been thwarted ?

    Just what so all consumingly important has been taken from you ?

    It should be easy to identify, if that is the case.

    Go right ahead.


    It is what it is or I am that I am?

    http://www.rantonuk.org.uk/tax-fraud-by-city-of-london/

    http://www.liveleak.com/view?i=e92_1402237019

    http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking92.htm

    http://www.businessinsider.com/is-our-world-financial-system-the-final-manifestation-of-the-roman-empire-2012-6

    Without getting into deep religious or conspiratorial doctrine here, it is clear that the original settlement of London, known as the City of London or the Square Mile, views itself as being the current manifestation of the Roman Empire. In fact, the City of London has Roman ruins in its midst.

    Even more bizarre is the fact that the Square Mile has two "soldiers" protecting it. They are named Gog and Magog, and they wear Roman uniforms! They are paraded through the City of London every year, and are named as the protectors of the Square Mile. The City of London is protected by the Roman Empire, and that is clearly the message that the City wants to show the world!
  • gary wraygary wray Member Posts: 4,663
    edited November -1
    quote:Originally posted by Barzillia
    Well, I asked.


    Barzillia..........yep, you did. I think the boy has lost it[;)]...still trying to figure out his post on the Old London! What in the world (whoops, I mean NWO!) does that mean[?][:o)] Yuan Forever!![;)]
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Barzillia
    Well, I asked.



    And you didn't refute anything about The web links listed about Tax Havens along with debt ridden fiat money that the Central Banks spit out like toilet paper while buying their own debt with more phony bonds and then hide them so they can play it out until the crash and the new deal with the NWO! The day of infamy is coming for the US dollar!

    serf
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Barzillia
    serf, there are lots of dots that can be connected.

    Trick is to connect them correctly.

    The church is not told to look for the man of sin.

    As far as I can tell, you were not told to, either.


    Yeah have fun with the blinders there!

    serf

    http://www.amazon.com/Trading-With-Enemy-Nazi-American-1933-1949/product-reviews/0385290802/ref=cm_cr_dp_qt_hist_five?ie=UTF8&filterBy=addFiveStar&showViewpoints=0

    Hitler was a known evil for the world as early as 1922. Western powers and western corporations loved Hitler and were not at all disturbed by his vile racist hatreds. Every year that passes, there is more and more evidence of specific U.S. collaboration with Hitler and his Nazi underlings. Recently released documents demonstrate beyond any doubt that U.S. complicity post-WWII was far greater than anyone at first was willing to admit and now there can be no denial. Not only did the U.S. collaborate with Nazi racists and war criminals but also some of the most prominent and destructive medical experimenters ever known to humankind. The U.S. helped them escape Europe and hide in various places in the United States and South America. Higham's work is only limited by the documents then available, no doubt his works could be expanded a hundred fold today. This book is a great place to start in the attempt to expose the truth about how far the U.S. has fallen since the ratification of the Constitution.
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