Babylon's Bankers

US CORPORATIONS DUMPING DOLLAR FOR REMINBI

This report was shared by Mr. V.T., a regular reader here, and given all the other bizarre financial news of the past three days' blogs, this one is a must. U.S. corporations are abandoning the dollar for the reminbi to settle international trade:

US COrporations Dump Dollar for Reminbi

But there is something else in this article, and I hope you caught it:

"The IMF and World Bank also appear to be pushing for a global economic "reset". "We need to push the reset button. The world is still much too much caught in a crisis-management mode," said Klaus Schwab founder of the World Economic Forum earlier this year."

Many years ago, when the bailout talks were first taking place, some people began to ask me if I believed that there should be a "jubilee", a world-wide forgiveness of debt. My response then, as now, was that this "solution" would probably cause as much if not more havoc as it was designed to resolve.

Yet, in the wake of the derivatives bubble, the housing market collapse, and the sudden upswing in the past months of banker deaths, I've also been maintaining that one thing that definitely appears to be going on is that all the "bad paper" is simply being shredded and taken off the books. In other words, the reset is already under way.

In a strange way, but one that is not, perhaps, entirely coincidental, corporations now appear to be aligning their corporate policy around this reset, as the article indicates:

"Maybe the reset is happening right in front of us. If U.S. companies choose to abandon dollars for imports, the dollar is in very big trouble, and China may get their wish of a new global currency after all - the renminbi."

But I suspect not... as a matter of fact, there are moves afoot, I believe, that indicate that while some corporations may diversify their basket of currency holdings by adding significant amounts of  reminbi, as Catherine Fitts and I've mentioned many times over, the measure of reserve currency status in today's modern world of international financial clearing is the ability to control the satellites and space assets - and to protect them - that makes it possible. And the USA, for the moment, remains in that respect at least the premier space and financial-clearing power.

See you on the flip side

 

13 thoughts on “US CORPORATIONS DUMPING DOLLAR FOR REMINBI”

  1. US companies know where their bread is butted, and nothing is going to stop them continuing in this path. The world is a different place today because of the Internet, and having a discussion on currencies and trade is moving the world into a non-US dominated world. The US has been making enemies all around the world, but the large mega companies don’t like the US foreign policy if it interferes with their profits. So they just go on in a “business as usual” mode and exchanging in different currencies is just now becoming the “norm”, get over it.

  2. Robert Barricklow

    No matter what currency you choose, today’s elite are definitely not invested in the public’s interests; local, national or international. This applies to a growing number of elites everywhere; they buy houses in London, educate their young in the U.S., holiday in St. Tropez, use clinics in Lausanne, & keep their money offshore, nowhere. The future are mega cities, with its broken public spaces, its densely packed poor juxtapose next door to the regal luxuries of the filthy rich, and the aspiring classes desperately trying to lift themselves out of the pathetic conditions of the city into the dependable and self sufficient world of private electricity supplies, private water, and private security. This is not some backward stage of history. It is the world’s future; no matter what the currency.
    What a strange and disquieting reality it is, this one we are headed for. The reason these elites have seized control of the 21st Century is because they’ve used black-budgets, hidden technologies, black-ops, and other shadow-instruments that have projected into the 21st with such ballistic force, that it is both breath-taking and disheartening.

    1. “use clinics in Lausanne”

      if one has been following the absolutely bizarre (and I mean bizarre) case of German race car star Michael Schumacher with his bizarre skiing accident (circumstances very similar to Dutch prince Friso who is now conveniently dead; well, supposedly- but Friso is another chapter), Schumacher in an induced coma in Grenoble, France for 4 months, then suddenly/miraculously awakens from his head-induced trauma and is transferred to (with a brief stop in Gland, Switzerland according to MSM))…

      Lausanne (according to MSM);

      then guess what?- somewhere along the way his medical records were supposedly stolen to be “auctioned off” in the internet (MSM reports) which makes no sense to me whatsoever because the auctioneers would then reveal their identity; could it be an advanced treatment was used not normally available to the general public but only for the rich and famous?

      recently there has been a complete news black out on this subject and the Schumacher family has yet to address this issue;

      my point: let’s not underestimate the tiny country of Switzerland; it’s full of bounties (like start with banks) for those who can pay for its bounties…

      Larry

      1. Oh come on! A few points:

        What’s so bizarre? Head injuries are an unpredictable thing. I know someone who lost their husband when he tripped and bumped his head on the side of their fireplace.

        Michael lives in Gland, Switzerland. He’s been a Swiss resident for 20 years (for tax reasons) so it makes perfect sense for him to continue his recuperation there.

        It was (as you point out) an induced coma that he was in so it stands to reason that he could be brought out of it as and when his condition warranted it. Nothing miraculous there.

        Not everyone working in a hospital is a saint dedicated to the betterment or the human condition. It strikes me as depressing but not surprising that someone might try to make a quick buck out of his medical notes.

        A quick google search turned up plenty of hits on the story of his medical records. Perhaps you are confusing his family’s understandable reluctance to engage with the media circus as a “news blackout”.

        It remains to be seen how full a recovery he makes but a return to normality does not necessarily mean that he’s accessed some top secret elite medicine that the rest of us can only dream of – look at the case of the boxer Michael Watson.

        I agree with your point about Switzerland but I don’t think the case of Michael Schumacher is a very relevant way of making it. Sometimes as in Michael’s case the real story may indeed be the one the public is told.

      2. Robert Barricklow

        Larry, when I see your focus on Switzerland – I’m in good company; for some damn good reasons.

  3. What makes this interesting is how long can the keep the slow burn going? If they are killing off mid to upper level banking witnesses, then FedGov.Inc has an OPSec problem. Where they are losing control of the worker bees. Without the minion class, FedGov.Inc has serious problems. It is my opinion that all that small arms ammo purchased by HSA, etc. was to pit their Minion Class against Joe Public. Keeping the heat off of them. Now, if the Public / Banking sector minions discover that they are expendable, there is the possibility of serious unscripted change.

  4. No, Rappaport is not correct that the FDA is going after natural cures. If that were the case all sorts of therapies and herbs and supplements would be illegal in the USA.

    So try again, and remember that I already acknowledged that the FDA does all sorts of favors for big phrama. It’s that Rappaport makes claims about some problem with a government program or agency that are easy to demonstrate as wrong.

    It’s almost as if Rappaport is working for the corporate interests he pretends to be against.

    Typically Rappaport makes claims about Tesla and free energy. It is not at all clear that Tesla managed over unity tech–John Moray specifically says T. Henry Moray contacted Tesla to ask, and Tesla said he’d not been successful. (And yes I’m familiar with the story of the modified Cord outside of Buffalo, NY). There are others also starting work in the 1880s who probably did get over unity gear to work–off the top of my head Keely, 1880s, and Hendershot and Nathan Stubblefield in the 1920s.

    Herbal medicine, acupuncture, various energy healing systems, machine and hands on, wetter water systems, colour, biofeed back, chiropractic, and nutrition based treatments are all readily available in the USA. No conventional medical insurance doesn’t pay for many–though some. The FDA is not stopping any of this.

  5. “…is the ability to control the satellites and space assets – and to protect them”
    What does that matter if USA will collapse from within???

  6. marcos toledo

    Looks like the USA will end as in the movie The Black Room who motto was I end as a I began. America began as a gangsta state and will end as one the name of our head of state will go from Mr. President to Elector of Virginia. USA the new state of Hesse mercenaries for hire cannon fodder for the power in the shadows the real masters of the world. Their wet dream the dark ages barbarians arm with the deadliest weapons of mass destruction.

  7. Rideo Ergo Sum

    To (appropriately named) Lost): what?

    It is Rappaport, not Rapport. And yes, he is correct… Obvious to anyone paying attention over the years.

  8. While it makes some sense to trade in Chinese currency:

    It’s not very believable that many would seek to exclusively trade in a currency that has its exchange rates on international markets entirely controlled by a state (China in this case).

    Another less than believable post from the same website:

    http://www.activistpost.com/2014/06/un-hiring-peacekeepers-to-disarm.html

    Or John Rapport claiming the FDA is at war with “natural medicine”; it’s not, and Rife Beam devices are not “natural”. Now sure the FDA does do favors for big pharma, but that’s a very different story.

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