The Warning Signs of US Dollar Collapse Are All In Front of Us, We’ll Soon See More Financial Products– Oil, Gold, Fortune 500 Corporate Bonds, Etc. Denominated In Renminbi And Traded In Asia

Yet another massive nail in the dollar’s coffin

On the other side of the world today, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system.

It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim– to combine their forces in rolling out more financial products denominated in Chinese renminbi.

This is huge.

Hong Kong and Singapore are THE two dominant financial centers in Asia. For years they’ve been locked in competition with one another, much like New York and London. So their public partnership is a very big deal… indicative of the clear objective they have in front of them.

Bottom line– finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and it’s clear that the Chinese renminbi is going to take tremendous market share away from the dollar. They want a big piece of the action.


Published on Dec 4, 2013

The Chinese yuan has overtaken the euro to become the second most used currency in the global market place. Last year its share of world trade was just over 1 percent compared to the euro’s almost 8 percent. The yuan has now reached almost 9, leaving the euro way behind. Keith Boyfield from the Centre for Policy Studies joins RT to discuss this issue.

Chinese Yuan Passes Euro as #2 Currency for Trade

The Chinese yuan data is now in and the October numbers from the Swift system show that the yuan, which in January 2012 held only 1.89% of trade transactions, jumped to 8.66% surpassing the Euro, which has fallen to just 6.64% of Swift transactions. In January 2012, the Euro held 7.87% of Swift transactions. These numbers show that the Euro is on its way to a third world country status.

European EU elections are next May. Already there are mass rallies in Italy calling for the breakup of the Eurozone. We should expect serious political turmoil next year in 2014. This is part of the Cycles of War turning next year.

Professor Laurence Kotlikoff- Fed Printing 29 Cents Of Every Dollar Uncle Sam Spends

Published on Dec 3, 2013… Dr. Laurence Kotlikoff says, “The government is printing mountains of money to pay its bills. The Fed is printing 29 cents of every dollar that Uncle Sam is spending.” What happens if this continues? Dr. Kotlikoff, a Professor of Economics at Boston University, says, “Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and inflation takes off, and were off to the races.” In closing, Dr. Kotlikoff warns, “This is going to crash, but there are different ways for cancer to kill you. It can be very gradual . . . or it can attack some organ and you can die overnight. Either of those outcomes can happen.” Join Greg Hunter of as he goes One-on-One with Professor Laurence Kotlikoff.

Article Continues Below

The value of today’s dollar VS 1913 and all years

Amount it took to
equal $1 in 1913

1913 1.00
1920 2.02
1925 1.77
1930 1.69
1935 1.38
1940 1.41
1945 1.82
1950 2.43
1955 2.71
1960 2.99
1965 3.18
1970 3.92
1975 5.43
1980 8.32
1985 10.87
1990 13.20
1995 15.39
2000 17.39
2001 17.89
2002 18.17
2003 18.59
2004 19.08
2005 19.73
2006 20.18
2007 20.94
2008 21.57
2012 23.27

China Announces That It Is Going To Stop Stockpiling U.S. Dollars

And now China has apparently decided that there is not much gutting of our economy left to do and that it is time to let the dollar collapse.  As I mentioned above, China has announced that it is going to stop stockpiling foreign-exchange reserves

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.

“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading range, Governor Zhou Xiaochuan wrote in an article in a guidebook explaining reforms outlined last week following a Communist Party meeting. Neither Yi nor Zhou gave a timeframe for any changes.

Inflation is Raging – If You Know Where to Look

Most people – certainly most governments and economists – define inflation as a general rise in prices. But this is wrong. Inflation is an increase in the money supply, of which a rising general price level is just one possible result – and not the most common one.

More often, excessive money creation shows up as asset bubbles, where the new money, instead of flowing equally to all the products that are for sale at a given time, flows disproportionately into the ‘hottest’ asset classes. Readers who were paying attention in the 1990s might recall that the consumer price index was well-behaved while huge amounts of money flowed into financial assets, producing the dot-com bubble.

The same thing happened in the 2000s, when excess currency flowed into housing and equities. In each case, mainstream economists and government officials pointed to modest consumer price inflation as a sign that things were fine. And in each case they were simply looking in the wrong place and completely missing the destabilizing effects of an inflating money supply.

‘US Hiding Real Debt, Worse Than Greece’ Economic Collapse is HERE


Follow IWB on Facebook and Twitter