Tag Archives: Reserve Currency

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

Posted on November 21, 2013 by DRenegade

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.  During … Continue reading →

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And So It Starts: the End of the Dollar

Posted on November 21, 2013 by DRenegade

China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan With the US shale revolution set to make America the largest exporter of crude, however briefly, the influence of Saudi oil is rapidly declining. … Continue reading →

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Comprehend the Consequences

Posted on November 11, 2013 by DRenegade

Record Levels of Currency Reserves Will Hit Hard When the US federal government was shutdown, China jumped in on the financial bandwagon and suggested that we build ‘a de-Americanized world’, which boils down to getting rid of the dollar as … Continue reading →

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How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

Posted on November 8, 2013 by DRenegade

I strongly suggest you read this entire article. David DeGerolamo The death of the dollar is coming, and it will probably be China that pulls the trigger.  What you are about to read is understood by only a very small … Continue reading →

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9 Signs That China Is Making A Move Against The U.S. Dollar

Posted on October 18, 2013 by DRenegade

By Michael Snyder The following are 9 signs that China is making a move against the U.S. dollar… #1 Chinese credit rating agency Dagong has downgraded U.S. debtfrom A to A- and has indicated that further downgrades are possible. #2 China has just … Continue reading →

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The sun is setting on dollar supremacy, and with it, American power

Posted on October 15, 2013 by DRenegade

All great empires – from the Greek, to the Roman, the Spanish and the British – have at their heart a dominant means of exchange which is very much part of their political and social hegemony. Once upon a time, … Continue reading →

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China calls for new global currency

Posted on October 12, 2013 by DRenegade

China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis. The surprise proposal by Beijing’s central bank governor reflects … Continue reading →

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Yuan World Order

Posted on April 13, 2013 by DRenegade

The pieces are falling into place quickly. There are three ways to take down the United States: 1. Replace the US Dollar as the world’s reserve currency. This stops the Federal Reserve’s control of the Treasury’s printing presses. 2. Overthrow … Continue reading →

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Analysis: China’s currency foray augurs geopolitical strains

Posted on October 4, 2012 by DRenegade

“It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it. Fed up with what it sees as Washington’s malign neglect of the dollar, … Continue reading →

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Why Are Central Banks Buying Gold?

Posted on April 24, 2012 by DRenegade

Why are central banks buying gold? A simple question with a simple answer: Central banks are expanding reserves due to concerns about the dollar, euro, sterling and all fiat currencies. There is an increasing realisation amongst central bankers that gold … Continue reading →

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How Much Longer Will the Dollar Be the World’s Reserve Currency?

Posted on January 21, 2012 by DRenegade

Bank holiday was considered by Obama in 2009 The following articles show a progression since late 2010 of countries abandoning the dollar (USD) as the world’s reserve currency. There are multiple reasons why the average American should be concerned: 1. … Continue reading →

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