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IMF: Yuan (¥) Vs. USD ($): What You Are Not Being Told

Sabtain Ahmed Dar

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IMF Officially Green-Lighted The Acceptance Of China’s Currency – The Yuan – Into The IMF’s Foreign Exchange Basket. According To Reuters, This Move Paves The Way For The IMF To Place The Yuan On A Par With The Us Dollar. This Is The Latest In A Series Of Global Developments That Threatens To Eliminate The Us Dollar As The World’s Reserve Currency.

Experts Predict This Announcement Will Trigger One Of The Most Profound Transfers Of Wealth In Our Lifetime. So If You Want To Protect Your Savings & Retirement, You Better Get Your Money Out Of Us Dollar Investments And Into The One Asset Class That Rises As Currencies Collapse.

- The IMF Holds Supreme Power -

The International Monetary Fund, Or IMF, Is One Of The Most Secretive And Powerful Organizations In The World. They Monitor The Financial Health Of More Than 185 Countries. They Establish Global Money Rules And Provide “Bail-Out” Assistance To Bankrupt Nations. Some Are Warning That Any Move By The IMF To Supplant The Us Dollar Could Be Catastrophic To American Investments.

And Now, The IMF Has Made The First Move. As Reported By The Wall Street Journal, The IMF Officially Green-Lighted The Acceptance Of China’s Currency – The Yuan – Into The IMF’s Foreign Exchange Basket. This Marks The First Time In History The IMF Has Expanded The Number Of Currencies In The Foreign Exchange Basket. This Means That The Chinese Currency Will Now Become A Viable Global Alternative To The Us Dollar.

According To Juan Zarate, Who Helped Implement Financial Sanctions While Serving In George W. Bush’s Treasury Department, “Once The [Other Currency] Becomes An Alternative To The Dollar, Rules Of The Game Begin To Change.”

Leong Sing Chiong, Assistant Managing Director At A Major Central Bank, Said This Dollar Alternative “Is Likely To Transform The Financial Landscape In The Next 5-10 Years.”

Currency Expert Dr. Steve Sjuggerud Warned, “I’ve Been Active In The Markets For Over Two Decades Now, But I’ve Never Seen Anything That Could Move So Much Money, So Quickly. The Announcement Will Start A Domino Effect, That Will Basically Determine Who In America Gets Rich In The Years To Come, And
Who Struggles.

Dr. Sjuggerud Says If You Own Any Us “Paper” Assets - And That Includes Stocks, Bonds, Or Just Cash In A Bank Account – You Should Be Aware Of What’s About To Happen And Know How To Prepare. A Number Of Experts Believe A Recent Spike In Gold And Silver Prices Is A Direct Result Of The IMF’s Action. Precious Metals Notoriously Rise When The Us Dollar Falls.

- The Death Of The US Dollar In One Frightening Graph -

For The Last 600 Years, There Have Been Six Different Global Reserve Currencies Controlled By World Superpowers. The Latest – The Us Dollar – Has Dominated World Currency For Over 80 Years. The Alarming Fact Is, Global Reserve Currencies Have Collapsed Every 80-90 Years For The Last Six Centuries! What Does This Mean For America And The Dominance Of The Us Dollar? Based On Recent Evidence And Long-Standing Historical Trends, Experts Predict The Imminent Collapse Of The Us Dollar! What’s More Alarming? Many Americans Aren’t Yet Doing The One Thing That Will Save Their Savings & Retirement From Us Dollar Collapse.

Just Take A Look At The Graph Below. It Shows The Lifespan Of Dominant Currencies Going Back 600 Years. Notice That The Us Dollar Has Now Been The Dominant Currency For 88 Years, About The Same Length Of Time As Its Predecessors.

It’s Obvious Why Experts Say That The Us Dollar’s Days As The World’s Reserve Currency Are Coming To A Climactic End.

- All Fiat Currencies Collapse -

“Fiat” Currency Is Paper Currency Backed By Nothing Tangible. As Opposed To “Sound Money” Which Is Backed By Gold Or Some Other Valuable Commodity, A Fiat Currency Is Backed By Nothing More Than Faith In The Government. The Us Dollar Has Been A Fiat Currency Since Nixon Closed The Gold Window In 1971 In What Was The Greatest Heist In American History. The Scary Fact Is, The Average Life Span Of A Fiat Currency Is 40 Years, And The Us Dollar Has Now Exceeded 40 Years As A Fiat Currency!

Prior To 1933 And For Well Over 100 Years, The Dollar Was Backed By Gold, And $20 Bought You An Ounce Of Gold. But After The Government Stole All Us Citizens’ Gold In 1933 For A $20 Paper Certificate, Gold Was Revalued At Us$35, Meaning The Dollar Was Devalued By 43% Overnight And All Foreign And Domestic Holders Of Dollars Were Effectively Robbed.

After Nixon Closed The Gold Window Completely In 1971, It Took $67 To Buy An Ounce Of Gold, Devaluing The Us Dollar By 50% Again. Today, It Takes Well Over A Thousand Us Dollars To Buy That Same Ounce Of Gold. Why? Because The Us Dollar Is Now Nothing More Than A Fast Declining Federal Reserve Note Backed By A Corrupt Government That Is Saddled With $18 Trillion In Unpayable Debt — Growing By $10 Million Per Minute!

- Protect Yourself Before It’s Too Late -

This “Paper Money Experiment” Has Run Its Course. The Federal Reserve, The Us Government, And Wall Street Crooks Have Misused Their Power By
Mismanaging The Dollar, And Now There Are Global Repercussions. The Debt Load Sitting On Top Of The Us Dollar Is Unsustainable And Will Continue To Crush The Dollar’s Purchasing Power Until No One Wants To Hold Us Dollars, And They Are _No Longer_ Accepted For Global Trade. The Dollar’s Collapse Means That Every Single One Of Your Paper Investments That Are Dollar-Backed – Stocks, Mutual Funds, Money Markets, Cash Accounts, Etc – Will Go Down Right Along With The Dollar! Meanwhile, The Government And The Banks Will Find A Way To Protect Themselves At Your Expense.

So As We Say Goodbye To The U.S. Dollar’s Dominance, It Doesn’t Have To Mean Goodbye To Your Savings & Retirement. Remove At Least Some Of Your Savings & Retirement From The Dollar-Backed, Paper-Based Financial System And Protect It With The One Asset That Has Outlasted Every Fiat Currency Ever Invented For The Last 5,000 Years.

 
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Stupid and sensational article..Japanese Yen and British GBP despite being a reserve currency have fallen out of favour in international trade..and their use globally has receded..while share of USD has increased..and Chinese Yuan is also expected to increase..
 
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Stupid and sensational article..Japanese Yen and British GBP despite being a reserve currency have fallen out of favour in international trade..and their use globally has receded..while share of USD has increased..and Chinese Yuan is also expected to increase..

“New Recruit” with 9 posts. Plus I think the Yuan joined the IMF in 2016. So far it doesn’t seem to have caused a calamity.
https://www.reuters.com/article/us-china-currency-imf-idUSKCN1212WC
 
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You are entitled to your own opinion. So far, i will suggest you to not judge the international foreign exchange markets by its face value. Just wait and see!
 
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Regardless of what your opinion is of China, the Yuan can no longer be ignored. This news shouldn't be a surprise to anyone since China is keeping the lights on at the IMF, according to some financial pundits. Any bets that Lagarde's comment of moving the IMF HQ to China comes true?
 
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Regardless of what your opinion is of China, the Yuan can no longer be ignored. This news shouldn't be a surprise to anyone since China is keeping the lights on at the IMF, according to some financial pundits. Any bets that Lagarde's comment of moving the IMF HQ to China comes true?

Good point regarding moving HQ's of IMF to China. They can move anywhere, we as laymen think in terms of national countries, They (international bankers) think in terms of International global order of financial system controlled by them. You know Kissinger (an international Bankers' stooge) included China into their world order you know why? Because since Chinese revolution the monetary system and monetary policy of China is controlled by Bank of International Settlements in Basel, Switzerland. Study Basel1,2,3 Accords if you are not aware of and you will find how the international bankers incorporated themselves into China since 1921. And till 1950's they were controlling every aspect of Chinese life because they were controlling the supply and demand of Yuan while sitting in the west. Similarly, the case is same with State Bank of Pakistan because we also constraint by Basel 1,2,3. THERE ARE NO COUNTRIES ANYMORE. Unfortunately, most of the people do not understand because of lack of knowledge.
 
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+1 for mentioning BIS where very few people are aware of them. While I wouldn't go as far as stating there are no countries left (I understand what you're trying to say), there are efforts to unite the planet under one authority. Unfortunately, it's all for the wrong reasons.
 
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IMF is a puppet regime of the US.

Bank of China was in control of Chinese Yuan currency prior to receiving global reserve currency status from IMF in 2015. If you are into economic stuff, you will know what happened in 2015.

American agenda was to disconnect Bank of China from Chinese Yuan and peg it as a global reserve currency. In this way, Bank of China won't be able to set value of Yuan and keep it low against USD. People don't get this but extremely strong USD is hurting American business prospects. With Yuan offering competition to USD in the global reserve currency arena - prospects of devaluation of USD increase accordingly.

Another - often ignored - reality is that if Yuan significantly appreciate in value over the course of years (it will as more countries accept Yuan and incorporate it in their trading practices much like USD), manufacturing costs in China will appreciate accordingly and China will loose its competitive advantage in international markets.

Global reserve currency is a double-edged sword for any country. Any real economist will tell you as much.
 
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