You Are Here: Home » Posts tagged "china" (Page 3)

Fed publishes drastic fall in GDP forecasts, setting the stage for less than 2% growth for 2015

Recovery!  The mantra of the Federal Reserve and mainstream pundits parroting the party line.  But it appears that like poll numbers given prior to Presidential elections, when all the votes are counted, what was forecast for months leading up to the end of a cycle was much different than the actual outcome. For most of 2015 the Fed and big bank analysts predicted an annual GDP growth rate between 2.5 - 3%. ...

Read more

End of Petrodollar? First Middle Eastern oil power to open Chinese currency hub

Since 1973, the dollar has held sway over the global financial system through its connections to oil, and with the Middle Eastern producers who sell it in American currency.  But as dollar hegemony has waned over the past decade, and as the U.S. has gone to war against any nation (Iraq, Iran, Libya) who has tried to sell their oil in currencies other than the dollar, members of OPEC have been seeking ways t ...

Read more

Zimbabwe dollar? Welcome to the future of the Zimbabwe Yuan

On Dec. 22, one of the most infamous economies in the world over the past 20 years may soon be divesting themselves of dollar hegemony and moving over into the camp of the Chinese Yuan.  In a move dedicated towards strengthening both monetary and trade ties with the Far East power, Zimbabwe's Finance Minister said that very soon the Yuan could be used as one of many currencies within the African nation's ec ...

Read more

Are foreigners moving into the safety of the dollar, or are they dumping it?

Over the past four months, it is estimated that China alone has dumped over $300 billion in their dollar based reserves, signalling a trend in which the Far Eastern economy is now using their treasuries to protect their own slowing economic conditions.  And with Japan, Europe, and the emerging markets all showing signs of recession rather than growth, one has to ask if the dollar's strength is actually base ...

Read more

Thomas Jefferson was right again as Germany takes over Greek infrastructure because of debt

Founding Father Thomas Jefferson once said, "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."  And in a sad but interesting 21st century version of this p ...

Read more

China’s Belt and Road initiative may even go as far as Mexico

China's re-creation of the ancient 'Silk Road' trade route across the Eurasian continents is more than a simply a super highway from South Korea to London... it is an organizational structure that is intended to both develop and operate trade and banking hubs in countries all along the global route. Known also as the Belt and Road initiative, the idea of an overland and connected seaward trade construct is ...

Read more

China dumps more dollars, holds reserves at lowest level in nearly three years

As China continues to prepare and expand the Yuan for full internationalization, there is less and less need for them to hold massive amounts of dollars as a reserve for their financial system.  And while the Chinese central bank has rightly chosen not to dump their treasuries onto the market in one massive sale, their slow dissolution of their dollar reserves has the country holding the fewest it has held ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

© 2012 Secrets of the Fed