Today, China has announced a full blown transition into a consumer based economy and has established bilateral trade agreements with enough developing nations to easily replace the U.S. as an export market. This past month, China announced a massive “urbanization project” in which they will sell over $6 trillion in Yuan denominated bonds worldwide. China has also surpassed the U.S. for the first time ever as the world’s largest trade market, meaning, the Yuan will now be more sought after than the Dollar as a global trade mechanism. The Chinese are nearly ready to dump the dollar, causing an international chain reaction that will brutally devalue our currency.
Posted on: Wed, 26 Jun 2013 00:40:24 +0000
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