Author: laoda1

China Announces That It Is Going To Stop Stockpiling U.S. Dollars   [Copy link] 中文

Rank: 2

Post time 2013-11-29 10:49:59 |Display all floors
cool! it's a good news.

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Post time 2013-12-1 16:45:56 |Display all floors

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Rank: 4

Post time 2013-12-2 16:52:03 |Display all floors
laoda1 Post time: 2013-12-1 16:45
No Gold For You: Germany Asks US Fed Reserve For Its Gold ...

It was a stupid thing in giving the Anglos their gold!

We all know that Anglos will thieve anything that is not locked down.
Overall ranking from the top in math scores are
1.Shanghai (China)
2. Singapore
3. Hong Kong
4. Taiwan
5. South Korea

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Post time 2013-12-4 19:24:32 |Display all floors

Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance

December 3, 2013
Source: Zero Hedge

Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade (remember trade: that's how countries once upon a time would generate capital flows in a time when central banks weren't there to literally print domestic funding needs) finance usage leaving just the USD in front.



More from Bloomberg:

Chinese currency had 8.66% share in letters of credit and collections, or trade finance, in Oct., Society for Worldwide Interbank Financial Telecommunications says in statement today.
Euro’s shr in trade finance was 6.64% in Oct.

Top 5 countries using yuan for trade finance in Oct. were China, Hong Kong, Singapore, Germany and Australia

Yuan mkt shr in global payments was 0.84% in Oct. vs. 0.86% in Sept.

Yuan payments value rose 1.5% in Oct. vs. 4.6% growth for all currencies: Swift

And so while the "developed" world is busy crushing its fiat through trillions in annual currency dilution and debasement in an attempt to make its exports cheaper and outtrade its peers through beggar thy neighbor policies (not to mention inflate away its debt), the leader of the "emerging" world, China, is doing just that.

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