If you follow this blog, or even if you don’t, but you are reading it now… chances are you already know about the emergency IMF meetings at the White House last week, the launching of the new gold-backed Yuan at the Shanghai Gold Exchange next week, and the Deutsche Bank admitting it manipulated gold and silver prices earlier this week.
These may all seem unrelated, but according to macroeconomic researcher Rob Kirby, they are all connected. Kirby explains, “With China and their upstart CIPS, which is the China Interbank Payment System, China appears to be on the verge of merging their interbank payment system with SWIFT. My gut is telling me that this will very much marginalize America as the main processor of global payments. This, in my view, will embody very possibly a global reset in terms which currency is going to be the world’s reserve currency…”
It is well-known that China has aggressively been buying physical gold for the past 10 or 15 years. We now know that has been in order to back their Yuan, which will be introduced tomorrow (April 19, 2016) as a new world currency for International Trade. Kirby believes “They have been doing it with a view to dislodging the dollar or greatly diminishing the dollar as the world’s reserve currency. That’s what I think is at play right now. I think U.S. bankers and regulators have caught wind of this and are aware it is coming. I also believe this is the reason for all the secret meetings they have been having.”
The Federal Reserve Board met in secret behind closed doors last Monday morning (April 11, 2016). The Feds Chairman, later that same day, met with not just the President, but also the Vice President. That is the first time in history that has happened.
Kirby believes there will be a dramatic and overnight reduction in the value of the dollar, “I think this is coming in very short order now. The trail of bread crumbs is indicating this is what is afoot right now.”
I hope you are prepared!