Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    China’s Renminbi Reserve Status

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    China’s Renminbi Reserve Status Empty China’s Renminbi Reserve Status

    Post by Lobo Wed 02 Dec 2015, 1:23 pm

    China’s Renminbi Reserve Status

    Posted on December 2, 2015 by Martin Armstrong

    China’s Renminbi Reserve Status Chinese-Capitalism-R
    While the International Monetary Fund (IMF) is expected to give the renminbi (yuan) a political victory by including the Chinese currency in the list of reserve currencies, few in the West even understand what this means. Including the renminbi in the SDR economically means nothing for it will not dethrone the dollar any more than the other currencies in the SDR, The only way to dethrone the dollar is to provide a deep currency where big money can park.’
    However, the black market in China known as the shadow banking system has indeed been shut down. This has been done to cut off capital out flow. Making the renminbi part of the SDR by September 2016, means the outflow of capital can resume. China’s effort to support its markets has followed the same general path as Japan whereby the government discourages short selling. Restricting free investment may have the opposite impact and China must float its currency to survive.
    This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

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