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War On Cash Escalates: China Readies Digital Currency, IMF Says “Extremely Beneficial”

Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world’s money through virtual (cash-less) currencies. Just as we warned most recently here, state wealth control is the goal …

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Nick Beams – World Socialist Web Site – The significance of the elevation of the Chinese renminbi

The elevation the Chinese renminbi (also known as the yuan) to the basket of global currencies making up the International Monetary Fund’s special drawing rights (SDRs), in effect making it an international reserve currency, is unlikely to have any major immediate effects. But it does underscore the vast transformation in the foundations of the world economy over the past three …

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Dave Johnson – What China’s Currency Devaluation Means

China on Monday announced it is lowering the value of its currency about two percent in order to boost its economic growth by supporting its exporters. Traders are betting that the currency will fall further. Markets around the world are reacting negatively. What does this mean? Bloomberg Business has the currency story, in China Rattles Markets With Yuan Devaluation, China …

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Bill Holter – Financial Warfare, China and the Gold Market

hock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. What exactly does this mean? I can tell you the gold community is so shell shocked and fearful at this point, it “must be bad for gold”, right? Going back a couple of weeks, China announced they had …

U.S. Dollar Substitute to Go Public on Oct 20th? BY KELLY BROWN

THE INTERNATIONAL MONETARY FUND IS ONE OF THE MOST SECRETIVE AND POWERFUL ORGANIZATIONS IN THE WORLD. They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations. And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which …

Russia Gets Very Serious on De-dollarizing – F. William Engdahl

Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan. That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations while at the same time strengthening the bonds …

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China’s Plan to have an International Reserve Currency linked to Gold

Common wisdom has China as the future model for the Globalist economy. Also, conventional thinking has the Western financial debt created money system as the backbone of the New World Order. The big question is, are both components of the same intentional plan? When China Has Announced Plans For A ‘World Currency’, the world is put on notice that a fundamental …

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China Has Announced Plans For A ‘World Currency’

The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it.  Many have …