Bashny.Net
China throws $ 2 trillion
Bashny.Net
"The world's media" studiously silent made last week, the head of the Central Bank of China Zhu Syaohuanem statement that China's foreign exchange reserves consist of dollars "excessive" and should be urgently diversified.
After that leaks began to appear that China is going to lose about $ 2 trillion from 3.04 trillion at his disposal, and to translate them into other currencies and liabilities not related to the US dollar, as well as other assets.
Member of the Monetary Policy Committee of the Central Bank of China Xia Bin (previously proposed by the US to sell gold reserves to cover the budget deficit and debt), he said on Tuesday that the US $ 1 trillion for China will be enough.
Private banks (as in China at all possible to speak about private banks) fully supported the initiative, saying - they say, is long overdue.
Experts say that China is tired of recycling US dollars, while its own currency to the IMF lowered the category «C» and still only planned to maintain in the SDR (monetary unit of the IMF).
In fact, China has put an ultimatum: either "export Yuan" begins to be quoted in the SDR basket and receives normal reserve currency status or Chinese banks take off two trillion US securities on the stock market.
As you know, two trillion - a lot. US will not be able to find buyers for a lot of its debentures in any short time. This collapse.
However, the alternative with the yuan - not better. As soon as a wide acceptance of the Chinese currency as a reserve, the US debt will no longer be a viable investment. Well, you know - where the United States with their dead manufacturing and banking bubbles, and where China - the "world factory" and 1.5 billion consumers.
This alignment will automatically mean a US hyperinflation, as the US Federal Reserve will be the only buyer of US debt.
In general, I believe - has begun. Gather popcorn, salt, sugar and matches. And gasoline itself. Because really expect all the problems - when the United States lay a copper basin and crawl to the cemetery, the world consumption will roll percent 30-40.
newsland
Source:
After that leaks began to appear that China is going to lose about $ 2 trillion from 3.04 trillion at his disposal, and to translate them into other currencies and liabilities not related to the US dollar, as well as other assets.
Member of the Monetary Policy Committee of the Central Bank of China Xia Bin (previously proposed by the US to sell gold reserves to cover the budget deficit and debt), he said on Tuesday that the US $ 1 trillion for China will be enough.
Private banks (as in China at all possible to speak about private banks) fully supported the initiative, saying - they say, is long overdue.
Experts say that China is tired of recycling US dollars, while its own currency to the IMF lowered the category «C» and still only planned to maintain in the SDR (monetary unit of the IMF).
In fact, China has put an ultimatum: either "export Yuan" begins to be quoted in the SDR basket and receives normal reserve currency status or Chinese banks take off two trillion US securities on the stock market.
As you know, two trillion - a lot. US will not be able to find buyers for a lot of its debentures in any short time. This collapse.
However, the alternative with the yuan - not better. As soon as a wide acceptance of the Chinese currency as a reserve, the US debt will no longer be a viable investment. Well, you know - where the United States with their dead manufacturing and banking bubbles, and where China - the "world factory" and 1.5 billion consumers.
This alignment will automatically mean a US hyperinflation, as the US Federal Reserve will be the only buyer of US debt.
In general, I believe - has begun. Gather popcorn, salt, sugar and matches. And gasoline itself. Because really expect all the problems - when the United States lay a copper basin and crawl to the cemetery, the world consumption will roll percent 30-40.
newsland
Source:
Tags
See also
One trillion dollars (6 photos)
"We would have dismissed such financiers"
Why major corporations are hoarding trillions of dollars?
Under Afghanistan found rare minerals on a trillion dollars
China will spend $ 182 billion on the modernization of the Internet
Not optimistic forecast for the us dollar from an expert on the gold market James Turk
China has become the second largest economy in the world
Chinese dragon and the Russian Bear vs USA
Scam millennium. "The uranium deal"
End of the World is ..
