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CHINA MANEUVERS TO TAKE AWAY US’ DOMINANT RESERVE CURRENCY STATUS

winteractionables.com / BY RUSS WINTER / JULY 22, 2013 “All warfare is based on deception.” – Sun Tzu, “The Art of War” (500 B.C.) “The message of this initiative is for China to consider whether or...

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The RMB Is The Only Currency That Can Compete And Replace The U.S. Dollar

“RMB is the only currency that can compete and replace the U.S. dollar. I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards.” – in People Daily Jim Rogers is an...

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Week Ahead: Re-Escalation of Tensions to Aid Greenback

marctomarket.com / Marc Chandler / March 9, 2014 Last week, we warned that the two main sources of tension that had arisen, the Russia’s military action in Crimea and the relatively sharp depreciation...

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Chinese Yuan Fix Drops By Most Since End Of QE1, Strongest Since March

zerohedge.com / by Tyler Durden on 11/09/2014 20:53 Following Friday’s notable weakness in USDCNY (the biggest drop in the market rate since March and an abrupt change of recent trend), and trade data...

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Shock of all shocks, the IMF announced the Chinese yuan will not be admitted...

investmentwatchblog.com / By Bill Holter via Global Research / August 08, 2015 Financial Warfare, China and the Gold Market Shock of all shocks, the IMF announced the Chinese yuan will not be admitted...

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Not the “Death of the Dollar” but “Death of the Euro?”

wolfstreet.com / by Wolf Richter / October 6, 2015 The rise of the Chinese yuan as an international currency is not only unstoppable but is advancing in leaps and bounds, according to SWIFT. It comes...

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Chinese Yuan on Track to Become IMF Basket Currency

schiffgold.com / BY SAMUEL BRYAN / OCTOBER 26, 2015  It appears likely the yuan will join the International Monetary Fund benchmark currency basket this year, according to sources close to the process....

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IMF Greenlights Addition Of Chinese Yuan To SDR Basket: Wall Street Responds

zerohedge.com / by Tyler Durden on 11/15/2015 08:53 While the world was following the tragic events unfolding on Friday night in France where hundreds of innocent civilians were killed or injured, an...

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The Chinese Yuan Countdown Is On

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. zerohedge.com / by SaxoBank’s Dembik Christopher via TradingFloor.com, on 02/12/2016 19:10 Currency stability...

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China ‘Devalues’ Yuan To Weakest Since Breaking The Peg In 2010

With offshore Yuan tumbling in recent days – echoing the collapse in US Treasury bond prices – the spread to the onshore fix appears to have forced the PBOC’s hand. With a 200 pip cut in the CNY fix...

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Watching The Yuan

  Hold your real assets outside of the banking system in one of many private international facilities  –>    https://www.sprottmoney.com/intlstorage          Watching The Yuan Posted with permission...

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Yuan Smashes Through 6.90… What Next?

While the Renminbi basket (Chinese currency basket relative to biggest world trade partners’ currencies) has been ‘stable’ for almost 5 months, the catchdown in the Yuan’s purchasing power against the...

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China Warns It Is Ready To Slow Yuan Plunge On Capital Outflow Fears

It was just one year ago when the biggest worry for the market – which culminated with a near 10% S&P correction in in early 2016 – was the daily plunge in the Yuan driven by the surging dollar,...

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Metals and Forex Galore (Video)

By EconMatters We compare the year over year metrics for the Metals and Currency Markets in this video. Palladium and Copper outperformed Silver and Gold Markets. The Russian Ruble and Brazilian Real...

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Caught On Tape: China’s Currency Rigging

With the Yuan at its weakest against the Dollar since May 2008, it’s becoming harder and harder (and more and more expensive) for China to hide/defend its devaluation strategy (CNH down over 13% since...

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“Incredibly Aggressive” China Crushes Yuan Bears: CNH Surges Most On Record...

Last night we were amazed to report that with China starting its trading day, the overnight offshore yuan (CNH) deposit rate had exploded 31.5% points higher to 45%, in a move which while freezing...

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Traders Spooked After Night Of Sharp, Violent Moves Across All Asset Classes

zerohedge.com / by Tyler Durden / May 25, 2017 6:24 AM It has been a seesion of violent, volatile gaps, starting with sharp gap up in S&P futures on Wednesday night, just around 10pm, which saw ES...

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