IMF Chief Lagarde recommends Yuan for SDR inclusion

What a difference three months make.  Back in August, the IMF went to Beijing to determine whether the Yuan was ready for acceptance into the Special Drawing Rights (SDR) basket of currencies.  And when they left, they announced that the Chinese currency was not quite ready for the big time, and that its inclusion would be addressed once again a year from now, or at the very least sometime well into 2016.
But the world right now is not in some stagnant era of history, and events are accelerating on par with the predictions of Daniel.  And following London’s creation of an RMB Bond hub in October, the putting online of a new SWIFT type system (CIPS), and the creation of new counterfeit proof bills printed at China’s central bank for use internationally, on Nov. 14 Christine Lagarde announced that she is recommending immediate inclusion of the Yuan into the SDR basket.

The People’s Bank of China, the central bank, welcomed on Saturday a statement made by IMF chief Christine Lagarde recommending inclusion of Chinese yuan in Special Drawing Right(SDR) currency basket.

Lagarde said in a statement that the staff experts, in their report to the IMF board, ruled the yuan or renminbi (RMB) now “meets the requirements to be a ‘freely usable’ currency.”

The yuan failed to be included in the SDR in 2010 when the IMF said the currency did not meet the “freely usable” criteria, which was deemed as a key hurdle to the yuan joining the basket.

Seen as the leading currencies of international trade, the SDR basket is currently made up of the dollar, euro, Japanese yen and the British pound. – China.org.cn

The Yuan is already the second most used currency in trade settlement, passing the Euro on the list in 2013.  And with four major economies now opening RMB bond hubs to accelerate the internationalization of the Chinese currency, it will only be a matter of time before the Yuan vies to surpass or become equal partners with the dollar as the global reserve medium for trade.

chinadollar
chinadollar

One has to wonder if the explosion of military movements abroad, and perhaps even false flag terror attacks that have occurred in recent days, are a backlash to the world’s rejecting the dollar and now having the option of using a different currency for settlement that is not controlled by the powers that be in the West.  And as the Eurozone appears to be ripe for revolution from multiple fronts, and the world teeters on the precipice of a global war that could affect several continents, the underlying outcome of the dollar vs. the Yuan will have profound effects on the economic, military, and political policies that soon will be implemented by nations in the West, Middle East, and of course, Asia.

11 comments

  1. Maybe the talk of an imminent rate hike at the Fed is to protect the dollar from any fallout from the Yuan potentially being added to the SDR basket.

    1. Perhaps, but do we really think they will raise rates now after Friday’s retail crushing, and it being just before Christmas? Not very likely, especially when dollar is just below 100 on index.

  2. If the decision is made by the IMF on the 30th November to add the yuan to the SDR currency basket, although it will not actually be added until October 2016, this would tie in perfectly with V’s “undermining of the dollar by the end of 2015” and W’s 19.5 month wave relating to the dollar that began in April 2014.

  3. Ken,
    and now we are going to see a big photo op in Paris as the leaders get together to corporately stick it to all of us with their Climate Agenda. Demonstrations have been declared illegal ( how convenient that the b.s. agenda will not be exposed by demonstrators). Borders are now officially closed. A state of martial law in place. I might add that we are seeing phase 2 of the market starting to get rattled.

    It is nothing short of staggering to see how orchestrated this take down is.

    France will have more excuse to increase their war on ISIS. I’d like to hear what V thinks about the effect on oil and Total Petroleum. It occurred to me that if the war in ME gets bad enough we could see oil go back through the roof. That won’t help the already over indebted shale producers, but some of the big guys might benefit.

    The theatre and another restaurant had Votaire in the name. Voltaire of course was an atheist and symbolizes everything that is bad about France’s masonic history which has created a spiritual vacuum for Islam to operate in.

    In all of Europe there is very little spiritual power to take a stand against evil. Holland is filled with drugs and sex, UK is also like France, you can go down the list.

    I will be curious to look up some of the lyrics of the band that was playing during the attacks. I’m sure if we dig, we’ll come up with all the typical Illuminati clues that this was an orchestrated take down.

  4. p.s. don’t forget that there are all kinds of NATO forces practicing in the Mediterranean in Operation Trident Juncture. It will be interesting to see if the Paris tragedy is used as an excuse to mobilize these troops in a real operation of some sort.

  5. As predicted, France is now aggressively bombing ISIS/Daesh targets. Martial law is in force, state of emergency for 3 months. Terrorists escaped through the border to Bruxelles and there is a growing divide between the far right and the folks who think immigration should continue.
    The perfect storm has been created, and US wants to continue their policy of bringing in migrants from Syria.

    The slogan “we are Charly” has been turned to “we are France or Paris” . These are empty slogans. Some rock concerts are cancelled but Madonna says, “all we need to do is love the terrorists”. Bono of U2, the UN flunky, cancelled along with some other US rock groups.

    All the world leaders are meeting at G20 in Turkey prior to the Climate conference in Paris. The civilization chaos along with civilizational jihad is in full force.

    Dire predictions of a big market sell-off are already coming in advance of the US opening. Now they can blame the terror event, instead of the fact that the markets are already so ridiculously extended. It does look the Mideast war is about to ramp up. Lebanon is upset that no one paid attention to the terror attack there on their Shiite camp.

    All the global players appear to be joining forces to fight “the war on terror” but Obama still refuses to call it Islamic terror.

    The implications of this are huge. If you go back and look at the Economist cover, and Vigilant Citizen’s analysis of it as well as the giant pyramid that will be finished in Paris by 2016, you can see a theme developing. Many years ago, I remember the controversy when the architect I.M. Pei put a glass pyramid at the Louvre. There was a real debate as to whether it was appropriate because the Louvre is old and historic and the glass pyramid was completely modern. The pyramid won. These two pyramids WILL have their capstone complete, unlike our USD, which is the unfinished pyramid with the all-seeing eye.

    Completing the pyramid in occultist thinking is extremely important and this detail should not be lost on the RM crowd.

    ISIS said that France is being attacked because they “carried the cross”. They are of course referring to centuries ago and the crusades. This is ludicrous because France is one of the most secular countries in the world. France despises the show of religious symbols and its national moto of “liberty, equality and brotherhood” is 100% masonic.

    It should also be noted that the US and France have a long history together. The architect L’Enfant was the one who designed the masonic grid in Washington DC. The Statue of Liberty is a nothing more than ISIS at the port of NYC welcoming immigrants. Benjamin Franklin an Ambassador to France was a flaming freemasons belong to lodges in US, France and UK.

    I urge you all to do a little study and watch some of Chris Pinto’s films about the early beginnings of the US. They are excellent. In addition, to understand the history of the dollar bill, and of course the UNs presence on the East river in Manhattan.

    In addition to the 2 science projects ITER which I have posted about which is collaborating with CERN, I think this attack is a watershed moment in the events we have all be watching carefully.

    Madame Blavatsky, the occultist who inspired Hitler wrote the book “Isis Unveiled” . Her teachings were not
    only a foundation for Hitler but for the UN.

    Personally, I’ve been watching and read information for years, and am convinced that starting now we are going to see many things hit the fan.

    By the way John B. Wells predicted a false flag in November. He said there was an eerie quiet and pointed to the magazine cover of the Economist too. Just heard that yesterday .

    Those of us who are praying and watching and who believe in the Bible.. depending on your eschatological leanings, may see that the seals may begin opening.. Those things that were “sealed up” by the Prophet Daniel about 2500 years ago. If you like prophecy you will see that Daniel talks about a number of different time periods. From the Hebrew some are “later times” ( acharit in the Hebrew) and “the end” ( qtz).

    Here’s a quote from the book of Daniel, and it’s speaking of Israel ( your people). Daniel was a prophet in Babylonian exile to the Southern Kingdom of Judah.

    Dan. 12:1   “At that time shall arise Michael, the great prince who has charge of your people. And there shall be a time of trouble, such as never has been since there was a nation till that time. But at that time your people shall be delivered, ceveryone whose name shall be found written in the book. 2 And many of those who sleep in the dust of the earth shall awake, fsome to everlasting life, and some to shame and everlasting contempt. 3 And those who are wise shall shine like the brightness of the sky above;* and ithose who turn many to righteousness, like the stars forever and ever. 4 But you, Daniel, shut up the words and seal the book, until lthe time of the end. Many shall run to and fro, and knowledge shall increase.”

    As I look at Scripture, I am convinced we are entering to the period that Daniel spoke of, but we are not at the end yet.

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