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With new Chinese (Swift) system, yuan use in Japan has doubled in the last year

It is one thing when China's new internationalization becomes a part of the emerging market economies, but it is something very different when it begins to make headway into long-standing dollar strongholds such as Europe and Japan.  And with China's new found recognition as a global reserve currency in the IMF's SDR basket, and the creation just a few months ago of an alternative SWIFT (CIPS) system, that ...

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Not even a day after the IMF added the Yuan to the SDR, the world rushing to capitalize on it

On Nov. 30 the IMF fully announced that the Chinese Yuan would be accepted as a global currency within the banks Special Drawing Rights (SDR) basket of currencies, and with this move China is now an international player in the global monetary system.  And perhaps most interesting in the next stage of support towards the future of the dollar and its singular reserve currency status, is that countries and ban ...

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First it was GM, now Ford offshoring its production overseas

After President Obama nationalized General Motors back in 2009, the car company that was once the greatest corporation in American history changed course and began moving its operations out of the once grand city of Detroit, and across the Pacific where they built four new plants over the past six years.  Now on Nov. 30, the Ford Motor Company is following in these footsteps and under a new labor agreement ...

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China opens up its Forex markets to foreign central banks

As China continues to accelerate the internationalization of the Yuan currency, a new element was introduced on Nov. 25 which will facilitate expanding its reach even further.  The People's Bank of China (PBOC) opened up its Forex markets to foreign central banks, and will now allow these institutions to participate in swaps, options, and other Forex products. Seven institutions will be part of the initial ...

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China creating nearly three times more small businesses per year than the U.S.

Following the 2008 Credit Crisis, banking policies changed as lending to and for small businesses became a risk that these institutions decided was far too costly when they could simply borrow from the Fed, and arbitrage profits from the buying of Treasury Bonds.  And because their primary lending became directed more towards the investment side of their businesses, and to major corporations, small business ...

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CHINESE WARSHIPS DOCK IN FLORIDA AS DOD DEBATES STARTING WORLD WAR 3

Just as The Pentagon ratchets up the rhetoric, China made a ‚Äúgoodwill‚ÄĚ visit to Jacksonville, Florida. As we noted a few weeks ago, three Chinese vessels conducting an ‚Äúaround the world‚ÄĚ tour, were set to dock in the US where sailors will engage in ‚Äúship tours and sporting events.‚ÄĚ Here‚Äôs CNN: Sailors from both navies are expected to participate in sporting events and ship tours during the Mayport visit. ...

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Russia becomes 4th country to open its bond market to Chinese Yuan

In just the past 30 days we have seen three major economies open up their bond markets to allow the sale of Chinese Yuan denominated debt instruments.  And on Nov. 6 we can now add a 4th country to this list as Russia announced their will begin selling RMB denominated bonds in their own markets beginning in 2016. Russia already has several trade agreements with China that allow for direct bi-lateral trade i ...

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Xi Jinping’s economy beats Obama’s economy in helping the middle class

Politicians always like to use words like 'middle class' and 'helping working families' to win elections, and try to deceive voters on what their true agendas really are.  And while U.S. President Barack Obama has tried to take credit for how he saved the economy and brought America back from the brink of the 2008 credit crisis, the fact of the matter is he has destroyed the middle class, and has dropped pr ...

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U.S. trade deficit validates the Fed can’t and won’t raise rates

Has anyone noticed that only Wall Street talking heads and those trying to sucker you into the stock market are still using the world recovery after the Fed chose not to raise rates in September?  That is because an economy that has been artificially driven by tens of trillions of dollars in printed money since 2008 has never built a true foundation for recovery out of the Great Recession seven years later. ...

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China adds new Eurasian country into its fold of bi-lateral currency and trade nations

On Sept. 27 China announced a new agreement with the nation of Georgia to conduct currency swaps and direct bi-lateral trade using each others currencies.  This move adds another nation into the fold of trade partners that will function outside the dollar, and widens the growing cracks that are hemorrhaging within the polar dollar reserve currency system. Since 2013, China, along with the rest of the BRICS ...

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As the U.K. mulls leaving the EU, new agreements with China show direction of next global system

When Prime Minister David Cameron's Tory party won the last British election with a resounding mandate, a key component of this was tied to a future referendum vote on whether to leave the European Union, or remain in its political sphere for the foreseeable future.  But as Europe, the U.S., and most Western financial entities are beginning to financially breakdown, and show no signs of ending their money p ...

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China approves new agreement with Argentina for bi-lateral trade in own currencies

Argentina has gone through extreme economic turmoil over the past few years, including a default on their sovereign bond obligations that has put their nation in financial extremes that are even affecting their political system.  But like Iceland, who chose to suffer a short term recession in exchange for punishing the bankers who created their financial crisis, the country may now be looking for new ways t ...

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