According to the following report from the Superstation 95 website, at www.superstation95.com, news has come out just a few days ago that the Chinese are about to launch their Gold backed Yuan on the 19th of this month... And the real shocker and game changer may be that this new currency will NOT be convertible to US dollars! THIS is indeed VERY important news for everyone, and I have that Superstation95 report right here for everyone to see for themselves.. .I have my own thoughts and comments to follow:
CHINA SAYS "NO DOLLARS" FOR NEW YUAN
- Post by U.S.Reporter
- - Apr 13, 2016
In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19.
When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for Global Reserves and International Trade, they wanted China to make the Yuan more reliable as a currency. Since then, China has almost un-pegged its Yuan from the Dollar, allowing its value to fluctuate on world markets.
But for years, China has been amassing huge amounts of gold bullion; some have said their appetite for bullion has been "staggering." And with a new gold-backed Yuan to be issued next Tuesday, the entire world will have a choice of a new currency to use for international trade: The old US Dollar which is backed by nothing, or the new Chinese Yuan, which is backed by gold. Which currency would YOU use?
When this new currency is issued, countries that have been forced to use US Dollars for decades, and have had to keep billions of dollars in their foreign currency reserves, will be free to dump those dollars. But they won't be able to dump them to China for the new gold-backed, Yuan!
China has reportedly decided "there can be no conversion of gold-backed Yuan to or from US dollars." What China fears is that many countries around the world will want to trade their reserve US dollars for the new Yuan, leaving China with mountains of worthless US dollars. China already has several trillion in US dollar reserves and does not want or need more.
If news of this decision by China is correct, then countries around the world may just have to decide whether or not they wish to continue trading with the USA at all?
The upheaval this could cause as early as next week, would be staggering.
This is a fast-=developing story; check back.
NTS Notes: Yes, while we have had the Jew spew media fill our heads with absolute garbage and distractions elsewhere, the Chinese are about to deal a serious blow to the world wide hegemony of the US dollar, and we could seriously see the expected "collapse" that everyone has been warning about happen within the few weeks after this Gold backed Yuan is launched...
There will be many naysayers out there that say that I and others have always been warning about this impending economic collapse, and saying that it is all bunk... They claim that the US economy is "too big to fail" and that even with this new Yuan, the US dollar will be fine...... But considering how badly the US dollar has been faltering over the last while, and with the implosion of the "Petro Dollar" thanks to the falling prices of world wide Petroleum, this latest shock to the US economic system, thanks to the Chinese, could be devastating....
Basically with the Chinese refusing to convert their new Yuan to greenbacks, the US dollar as it is presently used for trade with China will be doomed as more nations trade directly with China and bypass the dollar entirely... There could be a domino effect and we could see the US dollar become worthless in a short time....
It is no wonder that the US government has been provoking China directly with those recent "incidents" focused in on islands in the South China Sea... The US has actually increased their military presence in that region and has begun moving forces into the neighboring Philippines as well.... Yes, the psychos in Washington may actually try to push for war now with China as a means of trying to save the US dollar... And the clock is ticking because April 19th is right around the corner!
Again, it is amazing that this serious news is no where to be found on the Jew spew media outlets.... If this new Yuan signals the crash of the US economy, then after April 19th, we are all in for a very rude awakening...
More to come