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China Nears Global Reserve Status: “There Will Be a Reset of the Financial Industry”

2015-05-29 11:26

China Nears Global Reserve Status: “There Will Be a Reset of the Financial Industry”. 29914.jpeg
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U.S. allies have been easily won over to recognizing China, and partnering with its Asian Infrastructure Investment bank, signaling a new era for finance under globalism. The new currency will be pegged to a global basket that China is part of.

What will this new currency look like, and will it become a reality? A mining executive shed light on the manipulation of gold behind the scenes, with a quest for parity undervalue that is encouraging China to accumulate gold at a rapid pace, so that it can hold reserves equivalent to those the U.S. reportedly holds:

I think there will be a reset of the financial industry…

I think China is being allowed to accumulate gold purposefully by the American government…I believe that the Chinese need to own at least the same amount as the U.S. owns before this reset occurs. I think that there’s some kind of deal that’s being made between all the central banks behind the scenes and that’s why you’re seeing governments accumulating the metal.

I do believe there will be some kind of new currency created with the backing… and it might not be a direct backing of the metal… but it’ll be some kind of blend of currency.. it could be through SDR’s… Special Drawing Rights… or some type of mechanism… I think that’s where we’re going.

It could mean a major shake up to the norms that Americans and other westerners have been accustomed.

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