DITCHING THE DOLLAR: Canadian Province Issues $2.5 Billion in Chinese Yuan Bonds, Russian Lawmaker Pushing to Make Accepting US Dollar Illegal, Billionaires Around The World Are Bailing Out Of The Dollar
THIS IS AS CLEAR A WARNING TO EVERYONE AS I’VE SEEN TO DATE
(Beijing) – Canada’s western province of British Columbia said on November 5 it had completed the issuance of one-year offshore yuan-denominated bonds and raised 2.5 billion yuan.
This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.
Central banks and foreign institutions snapped up 62 percent of the bonds. Fund asset managers bought 18 percent. Investors in Hong Kong took 46 percent of the bonds, and 40 percent went to U.S. investors.
The bonds carry a yield of 2.25 percent. This is 10 to 15 basis points lower than bonds sold by the Chinese government, said HSBC, the sole book runner of the issuance. The bonds will be listed in Luxembourg.
Russian Lawmaker Pushing to Make Accepting US Dollar Illegal
A Russian lawmaker is pushing a bill that will make accepting the U.S. dollar illegal. He contends that people will suffer in a dollar collapse and countries need to “wean themselves off the dollar.” and More
The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt
The problems that plagued our financial system back in 2008 have never been fixed. They have just been papered over temporarily by trillions of easy dollars from the Federal Reserve.
Schiff – “Clueless” Yellen Will Trigger Collapse
Published on Nov 14, 2013
Peter Schiff on Yahoo! Finance Breakout (11/14/2013)
Billionaires Around The World Are Bailing Out Of The Dollar
So what do they know, that you don’t?!?!?
Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, told King World News “I don’t think the rest of the world is really appreciating what’s happening right now, but portable wealth, and I mean at the very top-end, is going ballistic.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also stated, “I need to clarify here that this unbelievable situation appears to be being fueled by a great many Chinese buyers who are aggressively exiting US dollars…”