China To The Dollar: “Tick Tock, Tick Tock…”

China’s ICBC to set up offshore yuan center in Los Angeles:   “Beijing wants to promote its currency to more international investors and eventually turn the “redback” into a global reserve currency, while at the same time expanding its already considerable political and economic clout.”  – Article Link

It’s not “IF” the dollar collapses, it’s “WHEN.”   Just a matter of time…

7 thoughts on “China To The Dollar: “Tick Tock, Tick Tock…”

  1. …and the American people keep on sleep walking. They want to believe that the comfortable ways that they were brought up enjoying will never go away.

    The powers that be want to keep things at a even keel. Mass media , Wallstreet , universities and colleges , politicians , central bankers , and the uber rich all have one thing in common :
    keep the masses in a state of bliss all the while stealing as much of their wealth as is possible. History repeating itself. Meanwhile China’s licking their lips !

    1. Especially Colleges and Universities. How to dumb kids down
      while making them lifetime debt slaves. A bloated institution,
      all of it. Ready to implode with all the rest. Good riddance.

  2. November 22, 2014

    Gold is a belief – Grant Williams

    THE MATTERHORN INTERVIEW – November 2014: Grant Williams
    “Gold is a belief”

    I gives me particular pleasure to welcome Grant Williams to this month’s interview. Grant has a great grasp of markets and always explains complex matters so that we all can understand them. He also is a wonderful individual and a good friend. This interview on the gold market is fascinating and really worth listening to.

    Egon von Greyerz

    Podcast interview: This month financial journalist Lars Schall talked with highly respected Singapore-based fund manager Grant Williams about, inter alia: the philosophy of gold and money; gold as “power money”; the bad effects of central bank interventions; the Swiss Goldinitiative; and the question whether gold will become the ultimate bubble in the future after the bubbles in bonds and equities will have popped.

    By Lars Schall

    The article that Grant Williams refers to in the above interview is “Deus ex machina”.

    Grant Williams is the author of the widely-read financial letter, Things That Make You Go Hmmm… (www.ttmygh.com) the founder of Real Vision Television (www.realvisiontv.com) and portfolio and strategy advisor to Vulpes Investment Management in Singapore.

    Grant has almost 30 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses.

    You may view the post at
    http://tinyurl.com/o4mw7zr

  3. Russia to push for free trade zone between EU, EEU
    2014-11-22 23:44:27
    MOSCOW, Nov. 22 (Xinhua) — Russia calls for a free trade zone between the European Union (EU) and the Eurasian Economic Union (EEU), Foreign Minister Sergei Lavrov said Saturday.

    The suggestion will be brought up at a ministerial council meeting of the Organization for Security and Co-operation in Europe in December in Basel, Switzerland, Lavrov said at the assembly of the Russian council on foreign and defense policy.

    “The work is underway and it has become a part of the diplomacy. I am sure that we will come to the point, which is now called ‘the integration of integrations’,” Lavrov said….”

    Rest of story: http://news.xinhuanet.com/english/europe/europe/2014-11/22/c_127241179.htm

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