CHINESE YUAN WILL NOW BECOME A VIABLE GLOBAL ALTERNATIVE TO US DOLLAR
chinese yuan

CHINESE YUAN WILL NOW BECOME A VIABLE GLOBAL ALTERNATIVE TO US DOLLAR

Lathia Rubber Mfg. Co. Pvt. Ltd

*To protect your savings & retirement better you get your money out of US dollar

*The US dollar’s share of currency reserves reported to the IMF fell to 60.8% of allocated reserves


If you want to protect your savings & retirement, you better get your money out of US dollar investments and into the one asset class that rises as currencies collapse. So as we say goodbye to the US dollar’s dominance, it doesn’t have to mean goodbye to your savings & retirement and protect it with the one asset that has outlasted every fiat currency ever invented before the last 5,000 years Gold.

The US dollar’s share of currency reserves reported to the International Monetary Fund (IMF) fell to $6.745 trillion or roughly 60.8% of allocated reserves in the last quarter of 2019. The share of dollar reserves has declined for two consecutive quarters, but has remained the largest among all currencies. The India's reserve position with the IMF increased by $44 million to $3.58 billion, on end of March 2020, the data showed.

IMF data also showed that global reserves rose to $11.829 trillion, up 1.5% from the third quarter, and more than 3% higher from that of the fourth quarter of 2018. Global reserves are assets of central banks held in different currencies, primarily used to support their liabilities. Central banks sometimes have used reserves to help support their respective currencies.

The IMF, monitor the financial health of more than 185 countries. They establish global money rules and provide “bail-out” assistance to bankrupt nations. Some are warning that any move by the IMF to supplant the US dollar could be catastrophic to American investments. And now, the IMF has officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. This mark the first time in history the IMF has expanded the number of currencies in the foreign exchange basket.

This means that the Chinese currency will now become a viable global alternative to the US dollar. Once the other currency becomes an alternative to the dollar, rules of the game begin to change. This dollar alternative is likely to transform the financial landscape in the next 5-10 years. Currency expert Dr. Steve Sjuggerud warned, I’ve been active in the markets for over two decades now, but I’ve never seen anything that could move so much money, so quickly.

A number of experts believe a recent spike in gold and silver prices is a direct result of the IMF’s action. Precious metals notoriously rise when the US dollar falls. For the last 600 years, there have been six different global reserve currencies controlled by world superpowers. The latest – the US dollar – has dominated world currency for over 80 years. The alarming fact is, global reserve currencies have collapsed every 80-90 years for the last six centuries!

What does this mean for America and the dominance of the US dollar? Based on recent evidence and long-standing historical trends, experts predict the imminent collapse of the US dollar! What’s more alarming? Many Americans aren’t yet doing the one thing that will save their savings & retirement from US dollar collapse. This “Paper Money Experiment” has run its course. The Federal Reserve, the US government, and Wall Street crooks have misused their power by mismanaging the dollar, and now there are global repercussions.

(Disclaimer: This analysis is only for educational purpose and is not and must not be construed as investment advice. It is analysis based purely on economic theory and empirical evidence. Readers are requested to kindly consider their own view first, before taking any position.) Date: 9-4-2020

Kotak Commodity Services Ltd

You can share this post!

RELATED NEWS

0 Comments

Leave Comments