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China Has Announced Plans For A ‘World Currency’

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Chinese World CurrencyThe Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it.  Many have assumed that the Chinese simply wanted some new international currency to be created.  But what if that is not what the Chinese had in mind?  What if they have always wanted their own currency to become the single most dominant currency on the entire planet?  What you are about to see is rather startling, but it shouldn’t be a surprise.  When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers.  Sadly, we have gotten to the point where checkmate is on the horizon.

On Wednesday, I came across an excellent article by Simon Black.  What he had to say in that article just about floored me…

When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me.

The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency”

Given that the Bank of China is more than 70% owned by the government of the People’s Republic of China, I find this very significant.

It means that China is literally advertising its currency overseas, and it’s making sure that everyone landing at one of the world’s busiest airports sees it. They know that the future belongs to them and they’re flaunting it.

This is the photograph of that billboard that he posted with his article…

Chinese World Currency

Everyone knows that China is rising.

And most everyone has assumed that Chinese currency would soon play a larger role in international trade.

But things have moved so rapidly in recent years that now a very large chunk of the financial world actually expects the renminbi to replace the dollar as the primary reserve currency of the planet someday.  The following comes from CNBC

The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors.

The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of investors think the renminbi will surpass the U.S. dollar as the world’s major reserve currency.

Optimism was higher within China, where 62 percent said they saw a redback world on the horizon, compared with 43 percent outside China.

And without a doubt we are starting to see the beginnings of a significant shift.

Just consider this excerpt from a recent Reuters report

China’s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organization SWIFT said on Wednesday.

The U.S. dollar won’t be replaced overnight, but things are changing.

Of course the truth is that the Chinese have been preparing for this for a very long time.  The Chinese refuse to tell the rest of the world exactly how much gold they have, but everyone knows that they have been accumulating enormous amounts of it.  And even if they don’t explicitly back the renminbi with gold, the massive gold reserves that China is accumulating will still give the rest of the planet a great deal of confidence in Chinese currency.

But don’t just take my word for it.  Consider what Alan Greenspan has had to say on the matter…

Alan Greenspan, who served at the helm of the Federal Reserve for nearly two decades, recently penned an op-ed for the Council on Foreign Relations discussing gold and its possible role in China, the world’s second-largest economy. He notes that if China converted only a “relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system.”

Meanwhile, the Chinese have also been accumulating a tremendous amount of U.S. debt.  At this point, the Chinese own approximately 1.3 trillion dollars worth of our debt, and that gives them a lot of power over our currency and over our financial system.

Someday if the Chinese wanted to undermine confidence in the U.S. dollar and in the U.S. financial system, they have a lot of ammunition at their disposal.

And it isn’t just all of that debt that gives China leverage.  In recent years, the Chinese have been buying up real estate, businesses and energy assets all over the United States at a staggering pace.  For a small taste of what has been taking place, check out the YouTube video posted below…

For much, much more on this trend, please see the following articles…

-“The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

-“Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

-“Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

-“The Chinese Want To Spend Billions Constructing A 600 Acre ‘China City’ In New York State

-“45 Signs That China Is Colonizing America

-“Will Detroit Be The First Major Chinese City In The United States?

On a purchasing power basis, the size of the Chinese economy has already surpassed the size of the U.S. economy.

And there are lots of signs of trouble ahead for the U.S. economy at this point.  I like how Brandon Smith put it in one recent article…

We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just as the Federal Reserve announced the end of QE3, indicating fiat money was used to hide falling demand), the Baltic Dry Index losing 30 percent since the beginning of the year, the Swiss currency surprise, the Greeks threatening EU exit (and now Greek citizens threatening violent protests with the new four-month can-kicking deal), and the effects of the nine-month-long West Coast port strike not yet quantified. This is not just a fleeting expression of a negative first quarter; it is a sign of things to come.

In addition, things continue to look quite bleak for Europe.  Once upon a time, many expected the euro to overtake the U.S. dollar as the primary global reserve currency, but that didn’t happen.  And in recent months the euro has been absolutely crashing.  On Wednesday, it hit the lowest point that we have seen against the dollar in more than a decade

The euro last stood at $1.1072, off 0.90 percent for the day and below a key support level, Sutton said. It fell to as little as $1.1066, which was the lowest level for the euro against the dollar since September 2003, according to Thomson Reuters data.

The euro also declined to one-month lows against the Japanese yen, which was flat against the dollar at 119.72 yen to the dollar.

As the U.S. and Europe continue to struggle, China is going to want a significantly larger role on the global stage.

And as the billboard in Thailand suggests, they are more than willing to step up to the plate.

So will the road to the future be paved with Chinese currency?  Please feel free to share what you think by posting a comment below…

  • Mike Smithy

    Will the Chinese back the RMB with gold and silver or will it be just another fiat currency backed by faith and empty promises?

    • VigilanteCaregiver

      Probably on their piles of USD’s. Or baby teeth.

  • electiones can be bought

    I find it ironic- the rich who have improved their wealth by destroying the us factories and building new ones in China now are going to get poor by the Chinese as well, like their former employees.

    • jsmith

      You got that right electiones! We have no one to blame but the Fed and greedy corporations that outsourced “our” good jobs. Unemployed Americans won’t be buying General Electric refrigerators! And it doesn’t help that whatever cars are being sold are Nissans, Toyotas, Mercedes Benzes and Hyundais. How’s that for being loyal Americans!
      We sure can’t blame the Catholics or the Muslims or the Hindus. We can’t blame the Italians or the Irish. Who can we blame? I know.

  • DJohn1

    The real problem here is foreign aid.
    We have a lot of people out there with “dollars” to spend.
    Unless China wishes to take over that program they will never be the universal currency they would like to be.

  • K

    I have heard that possibly China will go dual currency. Keep the Juan, for internal use. And then use the RMB for external use. The RMB being backed by gold. The question would be. What would stop them, from at some future time decoupling it from gold. The answer, nothing would stop them.

    • Guest

      It’s Yuan, not Juan. Also, “yuan” and “Renminbi” are often used interchangeably when referring to the Chinese currency in a general or abstract way. However, yuan denotes specific amounts of the Chinese currency.

    • jimha

      The yuan and RMB are the same thing.

    • VigilanteCaregiver

      They’ve also got the largest debt of any nation on earth. It’s around 800 Trillion yuan by now – maybe higher. All that gold will just keep the authorities barely supplied; if it exists.

      • K

        I have apparently gotten the names wrong, but the principles of a dual currency still makes sense. It is just another paper gold ponzi scheme. At first they exchange the money for gold, like any good ponzi scheme. But at some point, when enough paper is out there, you decouple it. It has no affect inside the Country. Because it is not used inside the Country. Could the person who told me this be wrong? Sure, no one gets it right everytime. All that I can say, is this person is seldom wrong. Sum it up. I will not be buying any of there gold backed currency.

  • Robert

    We do manufacture something vital in the USA– the rope we are hanging ourselves with.

    Libertarians will like this. Let the best country win. Whoopee.

    Boy do we live in interesting times. Apologies to Chinese for altering their proverb.

  • grumpyhillbilly

    We have earned everything the Chinese have planned for us via the machinations of the American CEO s. For all their brains, they are a short sighted bunch. I hope the Chinese are swift in killing the dollar, and destroy the super rich’s one world order and war plans. I’m a serf til I die, so it matters not who owns me at this point. However I don’t mind laughing at the American wealthy finally reaping some disrespect despite the safety of their off shore accounts.

    • Guest

      Ultimately it’s our debt-based, fiat currency system that is responsible for the situation we’re in. We are at the mercy of foreign nations who hold our debt, like China and Japan. These nations, particularly China, also hold enormous amounts of dollars in reserves. They could pull the rug out from under the U.S.A. at any time. I wonder why they haven’t already? Some believe they will do so once there is no more gold to be had.

      • PatFields

        You say “it’s our debt-based, fiat currency system”.

        What the hell do you believe every other government is using? The banknote scheme is a single monolith and the only real difference between the ‘Brand Labels’ of other countries is pictures and text.

        • Guest

          It’s true that all other nations on Earth have fiat currencies. There may be a currency or two somewhere in the world that is backed by gold, but I’m not aware of them. My point was that foreign nations who hold our debt have a lot of leverage over us.

          • PatFields

            Would things really be better if we gave those folks six trillions in banknotes rather than bonds? It’s all debt out of the blue. Having the banknotes to potentially trigger a price explosion (wrongly called ‘hyper-inflation’) or bonds to potentially call in those banknotes, causing an un-managed (true) hyper-inflationary explosion of currency is what my Grampop used to describe as ‘six to one, half-dozen to another’. Everything in the banknote scheme is debt, with all the consequences it entails.

    • Swagato Barman Roy

      The CEOs did not kill the dollar, Nixon did, the federal reserve did, people like Krugman are promising to do so and you guys keep voting for more debt, more free handhouts from the government.

      • Yes, it’s the fault of the proles for not working harder to enrich corporate shareholders and hopefully having a bigger pool to beg from. What a ridiculous assertion.

        • Swagato Barman Roy

          Well, shareholders (like me) want maximum profit just like you want maximum money. They are as greedy as YOU. But you get what you vote for.

          • Gay Veteran

            how short sighted, maximum profit is destroying America

          • Swagato Barman Roy

            Not any more than salary destroys America. Salary, profit, fees all these are different forms of incomes. It is stupid and ignorant to single out profit (usually done by those who cannot earn this) as destroying America.

            And no, America is not destroyed, a lot of people are doing absolutely fine with their skill, motivation and conscientiousness. You think it is destroyed because apparently you are a failure and desperate to blame someone.

          • Gay Veteran

            how about that low labor participation rate?
            hmmmmmmmm?
            no wonder the so many people are on food stamps, the fascist corporations shipped the jobs to China, India, Vietnam, Mexico, etc.

        • Rogershire

          You sound like Karl Marx with your stupid-shit.

          • Gay Veteran

            guess you probably didn’t understand it

      • PatFields

        Currency and debt create each other. That automatic process at the core of the banknote scheme is an exponential math process. It has nowhere to go but utter self-destructive collapse, regardless of what -politicians, bankers or monopoly industrialists try to do … making ‘politics’ a feint for the gullible to be emotionally diverted by.

        • robert h siddell, jr

          For about 200 years we had gold backed currency and zip inflation. Then Johnson’s welfare and warfare programs needed more money than taxes and borrowing could support so he printed it. By Nixon’s term, our gold was being depleted by foreign banks so bad that Nixon “closed the gold window” on Friday, 13Aug1971 and made our currency FIAT (called the Nixon Shock). That then allowed Congress to spend as if money grew on trees.

          • PatFields

            From 1776 to 1873 we were on a silver standard … exactly the same as the rest of the world … except England … the monarchs of which blew through the country’s silver, making dining table trinkets with an obscene portion of it.

            After the Washington DC City-State (patterned on ‘City of London’, itself a copy of ‘Vatican City’) ‘de-monetized’ silver and unleashed Wildcat Banking on America, where banks took in gold while spitting out paper, causing back-to-back ‘panics’ and the perfect excuse for a ‘national currency’ by 1913, to continue the paper-for-gold plunder until it was effectively gone … at which point they began the paper-for-silver phase of the campaign, concluding in 1963 … sticking us with paper-trade exclusively … just like England.

            Keep promoting paper excuses for ‘money’ and you’ve no one else to blame for your rape and plunder but yourself.

      • Donald Wilson

        Not everyone in America is an idiot…granted there are several million trolls who are feeding at the government trough, however, there are are a multitude who don’t want to have anything to do with the wretched USSA government. The End

      • Gay Veteran

        yeah, and the CEOs killed American jobs by shipping them to Mexico, China, India, etc.

        • Guest

          Not any more than salary does. Salary, profit, frees all these are different forms of incomes. It is stupid and ignorant to single out profit (usually done by those who cannot earn this) as destroying America.

          And no, America is not destroyed, a lot of people are doing absolutely fine with their skill, motivation and conscientiousness. You think it is destroyed because apparently you are a failure and desperate to blame someone.

          • Gay Veteran

            you need to get a f-ing clue

            the labor force participation rate has plunged since the Great Depression Part 2 started

        • Swagato Barman Roy

          But the CEOs are accountable to the shareholders and it is really the shareholders’ decisions. No one owes money to every American or every Chinese. If you cannot find your own income source, that is your failure.

          • Gay Veteran

            and who are most of the shareholders? the top 1%

            “…If you cannot find your own income source, that is your failure.”
            what a smug, pig ignorant fool you are. there used to mom and pop stores, but that was before the multinational corporations took over

          • Swagato Barman Roy

            There used to be typewriter manufacturers before your iPad took over.

            Changes happen. People adapt like I am adapting, every single day, upgrading my skill set in small ways. If you cannot, admit your failure.

            We see barely a few decades in our own professional lives and take things for granted. An industrial employment system did not exist for most of human existence. Mom and pop stores vanished because people refused to buy from them, because they were terribly inefficient in their supply chain, product offerings. For a swipe of my wallet (without carrying a dollar of cash) I get products from all over the world which no mom & pop could deliver.

          • Gay Veteran

            “There used to be typewriter manufacturers before your iPad took over..”

            hey Einstein, that’s technological improvement, which has nothing to do with fascist multinational corporations

            “…Mom and pop stores vanished because people refused to buy from them, because they were terribly inefficient in their supply chain, product offerings. For a swipe of my wallet (without carrying a dollar of cash) I get products from all over the world which no mom & pop could deliver.”

            mom and pop stores can’t compete in an environment rigged against them.
            plus fascist multinational corporations have moved production to countries with slave labor wages and no environmental regulations, NO American company can compete with that. Thus the American middle class is being destroyed.

            but at least you can get cheap tube socks

          • john

            Wal mart destroyed mom and pop shops. just go downtown, it s empty. USA is a zombie country, even zombies don’t go downtown anymore. they go Wal mart to get free a/c and free water fountaine before playing with tablets.

    • nick

      It’s not just your CEO’s that have betrayed you, but your congressmen as well. The two have sheered you like sheep. You do realize that you greatly outnumber them 1% vs 99%? Time to do what the Bolsheviks did. WWBD?

      • Gay Veteran

        the true elites are the top 0.1%, even 0.01%

  • pissedlizard كافر ‏

    Straight out of James Rickards’ “Currency Wars”. Chapter 1. He Red Celled this with the military and they blew him off.And off the subject, just in time for the beginning of Americas ammunition ban.

  • Gay Veteran

    China has massive problems

    • Won Wing Lo

      This is true. They can use their new currency in their massive empty cities and buy fancy gas masks against their pollution. 25 years ago it was Japan Inc and MITI taking over the world.

  • CharlesH

    My gut tells me that ‘things’ in this country are speeding up – going faster and faster and not for the better either. I really believe that once the weather breaks and becomes warmer you’ll see way more activity by the way of the government and when summer comes the people themselves will become overly engaged as to what is happening in this country. 2015 will be written about for many many years to come.

    • Paul F

      agree

    • Liberty First

      Technology = increased speed of communication = progressively faster social change.

      • CharlesH

        Hmmm, not exactly what I had in mind.

    • Bob332

      The POS in the Black House &his Regime has less than 2 yrs to achieve his goal…destroy America.

      • Donald Wilson

        Stick a fork in America…it’s done…as Bill Paxton said in the movie Aliens “game over man…game over.”

  • kfilly

    America as it was founded is history. There is no changing it back. There are too many indoctrinated, stupid, apathetic, and people feeding at the government trough to change it. Let the chips for where they may. I will never settle for full slavery.

    • DesertPaine

      Couldn’t agree more, kfilly. On all counts.

    • Paul F

      Agree

    • lol

      wait, if China accumulate lots of gold, why dont we invade ( err.. i mean teach them american democracy) and take their gold as fee? too risky huh?

      • Priszilla

        The Chinese wouldn’t mind 400 million dead. But the Americans might.

        • Mariano

          That’s exactly the key. And the chinese people & it’s fascist goverment knows that…

          • Richard T.

            China can spare 400 million dead, but US can’t.

          • Priszilla

            Let’s hope the American hawks know that as well.
            And rather focus on making America a better place to live for all her citizens.

        • ForTehLulz

          It is hilarious how we are supposed to believe that China has less than 200 warheads, even smaller than that of the UK.

          Just like Iran´s nukes, ever-imminent for over 30 years now.

          • Priszilla

            5 nukes on yellow stone should be sufficient.

      • Gay Veteran

        because the Chinese have nukes to deter American imperialsim, which is why Iran need nukes

        • Malcolm Reynolds

          Ahh, the imbecile is here to spout Obama foreign policy.
          Lol.

          • Gay Veteran

            awwwwwwww, little Malcolm is here to leave his “intellectual” droppings

          • Malcolm Reynolds

            Nah. Just here to marvel at yours.

          • Gay Veteran

            I’m so proud of little Malcolm. He learned a new word. Imbecile. Perfect fir for little Malcolm when he looks into a mirror

          • Malcolm Reynolds

            Yea, It’s too bad you refuse to learn.
            Perfect fir for little Malcolm
            Mmmm. I must be a bear now.

          • Gay Veteran

            perfect fit

          • VigilanteCaregiver

            Isn’t is just precious how gay needs to get in the last word everytime? :)

    • Crone

      And no one it seems gets the article and the serious implications of it.

  • Guest

    You’re insane.

    • Mike Smithy

      She is delusional as well.

      • john

        she should stop Crack!

  • Bill

    China builds a great trojan horse.

    US Dollar Index just hit 96. Does that make sense?

  • Undecider

    Look at the picture. A sun on top the pyramid. I don’t think the Chinese are fully running this.

    • nick

      You read all that into a sun on top of a pyramid eh? Sometimes a sun on top of a pyramid, is just, well, a sun on top of a period. Do you take meds?

      • robert h siddell, jr

        But in this case it is about Satan and his minions…do you stay “high” on something called Dope and don’t know anything about TPTB or are you one of them or their troll?

    • Geronimo999

      Yes…. this is sort of odd……whoever is advising the Chinese are seemingly deliberately running the US economy down

  • FortuneSeek3rz

    China has a plastic economy. If there is a new world reserve currency in any of our lifetimes it will be the SDR. However, the US dollar is currently kicking everyone’s butt and taking names. People who live in the US should be aware they live in the world’s most economically secure country, period. The dollar is king, baby!

    • Lea

      Delusion 101 right there folks !!

    • Ardit Spahija

      if China has a plastic economy,I wonder what type of economy does US have,bubblegum,paper,grass you name it..

      • Donald Wilson

        A make believe economy…smoke and mirrors…it’s all a facade.

        • Geronimo999

          Faceboom economy….millions of unemployed and idle souls….and the CIA monitoring each one of them them…virtual economy maybe?

        • Ardit Spahija

          Exactly,atleast they produce something over there..

      • robert h siddell, jr

        It starts with S and smells bad.

        • Ardit Spahija

          Unfortunately,it’s true..

    • alan

      The dollar will be unseated don’t kid yourself. Look at history and it will show you the future.
      Red China has around 10,000 tons of gold, Why?

      • Notsurprised

        I would say they have that much gold because USA gave them some as collateral for the money we owe them. Research Germany wanting to see the gold they have here in the USA and was denied. It’s their gold and they were denied access to it?? Most of the European nations gave USA their gold at the end of WWII and during the cold war so that Russia didn’t have easy access (temptation) to it at that time. How much of European’s gold was given to China to support our overspending as collateral until we pay them back???? And if this isn’t happening, why was Germany denied access to THEIR gold?

    • Gay Veteran

      less and less international transactions are using the dollar

    • john

      sorry, the Swiss francs is much much safer.! Switzerland per head is richer than USA.

    • Gay Veteran

      you do understand that a high dollar hurts our exports, and that the foreign income of American companies is now worth less

  • VigilanteCaregiver

    There’s a really nice Cantonese family that owns a restaurant where I live and I showed them this article. They said “That’s not what’s really happening there.” They said it’s becoming harder and harder to live in China. Government is cracking down on everyone; Christians, Muslims, Buddhists, gays (yes, they have them there), politically different, etc. as the Commies are losing their grip.

    And, here’s the amazing part, this family likes American culture! They left China to become Americans and they said it’s easier to be Chinese here! Sure they assimilated and learned English, but they said they’re free to practice their faith (Buddhism), family ideals (more than 2 children without a fine), educate their kids, and have a future; all things they said that are part of their culture.

    The whole world financial system is collapsing because the powers that be are not and never were capable of their goals. Utopia is not possible.

    • Bill

      A fantastic perspective on the real world, there’s and ours. Thank you for posting.

    • jox

      I also know an american from Boston that finds impossible to live in your country and lives here happy. But you cannot say that the way of life in Spain is better than in US only from the perspective of this man. Althought it is a real experience, you cannot extrapolate.

      • nick

        That’s why they say: “there are lies, damn lies, and anecdotes.” lol

      • Klaus Adler

        I live in Neu-Germania, on the dark side of the moon.

    • Priszilla

      You should always differentiate between people and government.

      • VigilanteCaregiver

        Absolutely!

    • K2

      Also as long as oil is bought and sold in dollars, dollar status as reserve currency is safe.

      • Anders Neumann

        What if China promised free guarding of oil and gas sites (by the Chinese military) given that they trade in any other currencies than USD or Euros? it’s not like the US didn’t try it themselves 😉

        • K2

          Saudis, OPEC made a deal, one cant just walk out of it. That too a deal with the most powerful country.

      • Gay Veteran

        China is buying oil and gas from Russia and they ain’t used dollars

        • K2

          For the dollar to lose reserve currency status means every country needs to do that. Also, OPEC has more oil than russia.

          • Gay Veteran

            more and more transactions do not involve dollars. soon American imperialists will have less and less power via the dollar or American dominated financial institutions

          • K2

            how much percentage do those ‘more and more’ transactions make up?

          • Gay Veteran

            Google it

          • K2

            Gimme a ballpark. Even if it goes upto 50%, which i doubt, but even if it does, dollar cannot displaced.

          • Gay Veteran

            tell the British pound that a reserve currency can’t be displaced

          • K2

            it was not linked to oil,and it had a weaker military than US.

          • Gay Veteran

            and the Spanish before the British

          • K2

            same point applies.

            I am not saying it will last forever,i dont know that. But it will definitely not be china or another country…in the current world economic structure.

          • Gay Veteran

            things continue until they DON’T:

            China Completes SWIFT Alternative, May Launch “De-Dollarization Axis” As Soon As September
            Submitted by Tyler Durden on 03/09/2015 23:16 -0400

            “…There were two clear implications from this use of money as a means of waging covert war: i) unless someone else followed Russia out of SWIFT, its action, while notable and valiant, would be pointless – after all, if everyone else is still using SWIFT by default, then anything Russia implements for processing foreign payments is irrelevant and ii) if indeed the Russian example of exiting a western-mediated payment system was successful and copied, it would accelerate the demise of the Dollar’s status as reserve currency, which is thus by default since there are no alternatives. Provide alternatives, and the entire reserve system begins to crack.

            Today, we got proof that it is the second outcome that is about to prevail following a Reuters report that China’s international payment system, known simply enough as China International Payment System (CIPS), which serves to process cross-border yuan transactions is ready, and may be launched as early as September or October.

            According to Reuters, the launch of the will remove one of the biggest hurdles to internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting transaction costs and processing times….”

            xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

            US Attacks “Closest Ally” UK For “Constant Accommodation” With China
            Submitted by Tyler Durden on 03/13/2015 13:24 -0400
            On the heels of a diplomatic spat between Hanoi and Washington regarding Russia’s use of a former US air base in Vietnam to refuel nuclear-capable bombers on the way to conducting “provocative” runs in the Pacific, we get yet another, larger, sign that it may indeed be the US that’s isolated and not (as Western media would have you believe) the Kremlin. The UK (Washington’s “special” friend) has announced it’s joining the Asian Infrastructure Investment Bank, which is essentially China’s answer to the Asian Development Bank over which Beijing feels the US has undue influence.

            The bank, which will fund infrastructure projects across the region and may indeed be part and parcel of China’s implicit attempt to establish a Sino-Monroe Doctrine, represents “an unrivaled opportunity for the UK and Asia to invest and grow together,” according to Britain’s George Osborne. Unsurprisingly, the US doesn’t see it that way and although Washington was generously willing to concede that this was the UK’s decision to make for itself, US officials are clearly perturbed that Britain didn’t ask for permission….”

          • K2

            Zero hedge relies on doom po*n, it needs to portray everything as ending in order to get clicks. You need to use your ‘own head’. Swift will only be used if you want to trade with russia out of 200 countries and that is only a processing system not a currency. You still have to pay in dollars to russia if i remember correctly. And cips is the same thing but limited only for cross border trade. Also they are not ‘currencies’ its a system to ‘process’ currencies. And although it will remove hurdles to some extent ‘processing wise’, there are tons of more hurdles in order for china or russia dislodge the dollar. You are jumping very far ahead in your conclusions.

            And asian development bank or brics banks no way dislodge the dollar. So its irrelevant to this conversation.

          • Gay Veteran

            as Gerald Celente says: think for yourself

          • K2

            You need to tell that to yourself.

          • Gay Veteran

            I took it to heart

    • RageHard84

      Of course, it’s the Mandarins who are dominant in China. However, I get you. I’ve read things about Communists destroying Chinese traditional culture, kind of like Leftists in America are doing right now.

      • John

        Anybody who thinks there are two party’s in Washington is part of the problem not the solution. But go ahead keep being played for a sucker. You rotten republican, you rotten democrat, you rotten republican, you rotten democrat, blah blah blah blah, and the beat goes on, zzzzzzzzzz.

        • RageHard84

          Both parties have their problems, but it’s the Left that’s against a lot of American tradition, like traditional marriage for example.

          • Gay Veteran

            eyeroll, “traditional marriage” used to not include interracial marriage.
            bet you miss the good old days

          • RageHard84

            Interracial marriage was allowed under English common law,

          • Gay Veteran

            before 1967 it was illegal in several states

          • RageHard84

            When America declared independence, only 7 of the Thirteen Colonies had outlawed interracial marriage, whereas gay marriage was not legal in any American state until very recently. Interracial marriage and gay marriage are not the same. Homosexuality is as the sin of incest.

          • Gay Veteran

            well after 1776 it was good fundamentalist bigots who passed laws banning interracial marriage.
            fortunately your type is being left on the dung heap of history

          • RageHard84

            I don’t support a ban on interracial marriage, it’s not morally wrong like same-sex marriage.

          • Gay Veteran

            LOL, and your type opposed interracial marriage using many of the same arguments.
            like I said, your type is being left on the dung heap of history

          • RageHard84

            What arguments used against gay marriage are used against interracial marriage?

          • Gay Veteran

            ordinarily I would tell you to Google it.

            but here you go:

            …The Howard University School of Law is one of the oldest law schools in the country and the oldest law school at any historically black college or university (HBCU). Its Civil Rights Clinic has filed an amicus brief urging the Supreme Court to overturn Proposition 8 by highlighting how all of the arguments against same-gender marriage equality are simply recycled variations on arguments that were used to justify prohibitions of interracial marriage until Loving v. Virginia was decided in 1967 (citations omitted):

            In the Jim Crow era, the denial of marriage rights to interracial couples served as one of the most potent symbols of the less-than-equal status of African-Americans. As recently as 1967, sixteen states still had anti-miscegenation statutes on their books; the last such statute was not officially repealed until 2000. Opponents of interracial marriage justified criminal prohibitions against such unions by pointing to the purported detrimental effect of interracial births and parentage, the supposed destruction of society if people marry between the races, and the so-called natural law rationale for keeping the races separate.

            While public debate over interracial unions has generally died since Loving v. Virginia, today the opposition to marriage for same-sex couples relies on arguments strikingly similar to those raised in opposition to interracial marriage. Without acknowledging the racial provenance of these discredited arguments, opponents of marriage equality have attacked same-sex couples as a threat to American society, American families and heterosexual marriage, as an affront to the laws of God and nature, and as a menace to their children….”

          • VigilanteCaregiver

            I’m glad you brought up incest. Gay marriage is what everyone is riding on and the government is breaking the law to enforce it… but LGBT folks are only 1.6% of the total US Population (Center for Disease Control’s estimates). Incest practitioners make up between 12 – 30% total US population, pedophiles are between 4 – 23% total US population, and polygamists 2 – 4% total US population. Yet, the smallest of these deviant groups is getting their wishes handed to them by insurrectionist radicals.

            Here’s an opinion: I think the idea that gay marriage is a slippery slope isn’t accurate. Gay marriage is the most difficult of all these to win public support and legitimacy on, and once won (by choice or force) then incest, pedophilia, polygamy, and anything else of this nature is automatically approved as it all falls under the same deviancy criteria. It’s not a slippery slope; it’s an all-or-nothing. To win gay marriage is to win them all; and the radicals get more than 40% of the US population in their debt.

          • RageHard84

            I did not know that incest and pedophilia were that common. You could be right that gay marriage will lead to other deviancy being approved, time will tell on that one.

          • WM

            I guess you have never been to the Northampton/Amherst area of Massachusetts?

          • VigilanteCaregiver

            You’re right; it’s in the historical records. In fact, there is no such thing today as pure race marriages anyway. Our ancestors all wandered and intermixed so much that finding someone of a pure race is very difficult.

          • RageHard84

            Very true. One could argue that even Abraham was in an interracial relationship because he was a Mesopotamian man with an Egyptian concubine named Hagar.

          • VigilanteCaregiver

            Marriage is not a “civil right”, it’s a “religious rite” and should return to that status. If the state wants to conduct civil unions for legal and tax purposes, they may and may define those boundaries. Remember – that fictional wall of separation between church and states works both ways.

            Gay marriage is a chance for deviants to harm their families that wouldn’t accept them, the religions that ostracized them, and the society that punished them for not adhering to proper procreation and responsible marriages. And the radicals get to split between them a reliable voting block of around 1.6% of the population that will back their insurrection.

          • Priszilla

            In traditional marriage, the woman was bought. She couldn’t even open her own bank account without consent of her father or her husband.

            American traditions are inherited from Europe. Better read some Europeean history.
            You could also read about some Cherokeese marriage traditions in Frederick Engels book: “The Origin of the family, private property and the state”.

        • robert h siddell, jr

          The Land of the Free and Home of the Brave has been replaced with Sheeple on an Animal Farm run by Big Brother and the Banksters. Congress is now just the Dictator’s lickspittle (Wash DC is A Hole and the Politicians are Brown). Meritocracy was killed by Affirmative Action; Commerce by Free Trade and Socialism; Education, Morality and Democracy by Liberalism. Welfare and Dope are producing generations of Dopes. If we don’t return to God and the Constitution, we will become a version of Communist Africa.

          • GSOB

            Now when He had taken the scroll, the four living creatures and the twenty-four elders fell down before the Lamb,
            each having a harp,
            and golden bowls full of incense,
            which are the prayers of the saints.

            And they sang a new song, saying:

            “You are worthy to take the scroll,
            And to open its seals;
            For You were slain,
            And have redeemed us to God by Your blood Out of every tribe and tongue and people and nation, And have made us kings and priests to our God; And we shall reign on the earth.”

            (How’s that for victorious, glorious music?)

            Then I looked, and I heard the voice of many angels around the throne, the living creatures, and the elders; and the number of them was ten thousand times ten thousand, and thousands of thousands, saying with a loud voice:

            “Worthy is the Lamb who was slain
            To receive power and riches and wisdom,
            And strength and honor and glory and blessing!”

            1.) Power
            2.) Riches
            3.) Wisdom
            4.) Strength
            5.) Honor
            6.) Glory
            7.) Blessing

            (How’s that for victorious, triumphant speaking?)

            That’s the seven-fold intensified Christ the Spirit. He is the one that controls all history. He takes it and brings it restoration by His Spirit and through His triumphant Church.

            We are in the kingdom now folks and it is in progress as we blog.

            Give yourself to the Lord and then ask Him to show you and empower you with His Spirit to do His will.

            The whole earths’ is the Lord’s and we have the sword of the Spirit.
            .

          • Jerry

            Amen !!

          • Linda Parker

            AMEN to these words <3

          • Priszilla

            25% of the world’s prisoners are imprisoned in America.

            The land of the free?

            HAHAHAHA

          • Gary

            The land of the wicked.

          • Solus

            Well stated.
            Both partys in Washington have squandered our wealth and sold their loyalties to special interests.
            Corruption and insider dealing are now the norm.
            Even the courts and government departments are politicized.
            I wish I had answers.

    • Yeah right

      Suuuuure.

    • Ranier Wolfcastle

      “gays (yes, they have them there)”

      Of course they do… there are homosexuals everywhere, who in their right mind thinks that certain countries or cultures don’t have any gay people???

      • VigilanteCaregiver

        Well, the Chinese government and some Islamic nations for example…

    • Crone

      It sounds like you are just a clone of what the American government wants you to be, Auto-Tolerant. Do you feel sorry for Taliban too? Want to find them jobs? That Chinese restaurant owner is automatically eligible for a business loan for coming here. Are you? It’s so easy to be Chinese here..I think I’m gonna be sick.
      Funny, my folks came here to be American.

      • VigilanteCaregiver

        What part of “they assimilated and learned English” did you not read?

    • none

      The GOOD NEWS is that Shaman toilet paper will soon lose its hold on the number one position.

  • Ardit Spahija

    How in earth can you claim that you’re sane with this comment,are you out of your mind :O ?

    • kfilly

      No, she’s probably just a government troll.

  • VigilanteCaregiver

    At least you’re right about the Chinese stuff…

  • GetReal4U2

    it appears the “kings of the east” are ready to make a move…

  • As a socialist, I can hardly stomach the nonsense that you are spouting. This smells strongly of paid government propaganda due to the lack of criticism of Obama’s policies. Obama has continued the property bubble caused by suburbanization, the debt-backed currency that mortgages all entities (including our government) to private banks, and the existence of wage serfdom in which workers have no say in the direction of the output that they produce. As a result employment remains near post-crash lows, our infrastructure is in tatters, our civil rights are being eroded as the government test-runs martial law in poor colored communities and our communications are monitored, and our military tries new antics (Ukraine, ISIS, etc.) in a last-ditch bid to take control of the empire. Go back to your delusions.

    • PatFields

      You need to read this …
      18 U.S.C. § 8 –
      “Obligation or other security of the United States defined
      The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps.”

      All imaginary ‘money’ (ie: ‘currency’) is the result of government legislation. The two factions work against The People to steal … everyone’s Labor … so taking ‘sides’ is a self-delusion. As John Adams said, the problem is ‘downright ignorance of coin, credit and circulation”.

      • I’m completely with you. Whatever economic system we are following, we need to take it out of the hands of the bankers who lend us our own money at interest!

        • PatFields

          I suspect you allude to direct government issued scrip. Well, Ruse-a-veldt already did that in 1933, by making all credit instruments ‘security of the United States’.

          18 U.S.C. § 8 –
          “Obligation or other security of the United States defined
          The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps.”

          And besides, no matter the true issuer … “A banknote is not money; and no power on earth can make it money.” — James Garfield

          • That’s the problem. Credit instruments should not be acceptable currency. Money should be created debt-free by an independent body and spent into circulation by Congress. This is the most stable system: gold and silver create extreme amounts of inflation and deflation due to their low and volatile supply.

          • PatFields

            I can’t imagine who’s been feeding you this bogus notion, but every government issued paper currency in history has gone bust, yet the metallic money scheme held up just fine for thousands of years.

          • I do concur that a commodity based currency is preferable to what we have now. But what you cite are not government issued currencies, but private bank drafts as we have now. Governments have rarely if ever been predominant in paper money issuance.

          • PatFields

            ‘Commodity bases currency’ is a ‘modern’ boondoggle (confidence ploy).

            History is stuffed to the gills with failed government paper imitation ‘money’, starting with the Mongol and Chinese Emperors. The last of that ‘series’ ended catastrophically about 1450 AD, concluding the ‘Flying Money’ era. The copper ‘cash’ (that’s a Chinese word) used to replace it, became the principal small money throughout Asia from 1450 to 1932.

            The paper ‘currency’ issued by the French government, as designed by John Law, got the monarchy and nobility beheaded, and then the asignat under the Revolutionary Council ushered in Napoleon, when it too imploded.

            Have you no knowledge of Continentals? Do you claim that Greenbacks were not government ‘currency’?

            All were monumentally spectacular failures, thanks to government idiocy!

            Whoever is feeding you this brainwash about government issued paper being any better than bank issued paper ought to be condemned to 5 years confined to a library of economics.

          • Gold and silver do not appropriately respond to economic conditions. Gold rushes have corresponded historically with times of great inflation, with a lack of gold discovery leading to financial panic. Gold is sterile, meaning that the total amount of principal + interest people will be on the hook on will be greater than the entire gold supply (especially if completely free convertibility to gold is maintained). Furthermore, gold is subject to manipulation by bankers: look no further than the many financial panics of the Gilded Age, which created a number deep economic declines and were caused largely by the inherently deflationary gold standard of the era leading to an inability to pay off loans.

            I don’t want our Congress to issue the paper, but an independent agency of the federal government whose members are chosen in the same way that those of the judiciary are chosen. They would be able to set the amount of money created but would remit it to Congress, and would be required to keep inflation in a narrow band of +-2% (with no long-term “financial” inflation caused as an artifact of the money supply). These checks and balances would ensure that the currency could not be debased to fight wars or fund pet programs.

          • PatFields

            These John Law, govern-mentalist wet-dream notions you’ve been filled up with, have been so thoroughly discredited over the past three centuries, it’s a waste of my time trying to reason with you, because all you’re capable of is robotic tape-loop rhetoric. The record of paper excuses for ‘money’ is unassailable, unbroken and crystal clear … it’s never worked and never will because it destroys optimal price discovery, which then radiates throughout the entire matrix of goods … and wrecks fundamental economy.

            You’re completely wrong but your bullheaded hubris in defiance of natural economic order, moreover, makes you dangerous to societies the world over. Your ilk has left a well-beaten path of destitution, starvation and outright murder of people in your wake … yet your ilk, nevertheless pleads ‘just one more chance to get it right’.

            I’m done with you. You ought to be ashamed of yourself, toying with people’s lives in the billions for the sake of novel ‘theories’ that have never produced what they’d promised.

    • 35wormhole

      socialism is a failure

      • Great Leader Obama is a failure.

        • john

          homosapien is a failure….,

  • GSOB

    “the renminbi to replace the dollar”
    There. Not here.

    • alan

      We will always have the dollar, just won’t be able to spend it anywhere but America.

    • tacdp

      All they have to do is call in the national US debt they own!
      US, and all US$ dependent countries will crash financially, irrecoverably!

  • PatFields

    ‘China’ won’t stand for ‘dollar domination’ anymore? Well, that’s great. Bully for ‘China’, but what about the Chinese People and other Asians? What about the Peoples of other countries and continents of the world?

    The problem isn’t so much ‘dollar’ domination, but rather that of proprietary government notes around the globe. It doesn’t matter which government’s ‘measuring stick’ is used, mere resort to any of them relinquishes all ‘Private’ nature from a transaction and brings it under ‘International Law’ … of governments generally … entailing the full panoply of taxes, rules, regulations and any number of myriad ‘legal’ impositions.

    Thomas Jefferson admonished us to remember that the two great enemies of any People are … criminals and government. Not long afterward, Mayer Rothschild famously observed that power to control money issue supersedes that of any officers of government.

    Add the two together and their sum is … ‘dollar’, yuan’, ‘ruble’ ‘franc’ … ad infinitum. But, where money is purely and solely a weight of metal in trade for goods between men, there is Private Property, Individual Determinism and … Liberty.

    Money Is Weighed, Fictions Are Counted.

    • jsmith

      You definitely know who’s to blame for our misfortune.

      • PatFields

        I know … what … is to blame. The banknote scheme.

    • nekksys

      And there is none more fictitious than our currencies…

      I praise you, good sir, for your excellent purview of our times and troubles. It is a shame that your view can not be easily spread among the sleeping masses to rouse them from their apathetic slumber and goad them into caring not for what they can gather from their government, but what they can provide to the people and to themselves.

  • Mike

    The Audacity of Hope! I mean Deception…

  • Genada

    China has no domestic economy and is depends on the United States and Europe to export it’s production. Without a stronger internal economy I do not see how it would be able to sustain a strong economy.

    I would predict when the current economy goes into collapse we end up with a new system based on no single currency. Could be based on a basket of different currencies or maybe it could become based on trade of commodities. Whatever system it is, I would expect world trade to be sharply down and for more counties to attempt to become more sustainable.

    • K2

      My thoughts exactly about the first paragraph.

      As for secind the basked of currencies idea is not new. And i think the trad of commodities one too. Also for ccountries to become more sustainable its hard to say as it depends on what kind of crash will the economy have. Will it be a sudden crash like in 08, or a slow sinking into depression.

      Different kinds of crashes………will have different results.

  • Genada

    I like the fact that there can be diversity of opinion on this blog, it leads to better discussions and healthy debate.

    That being said, China is indeed phony but so is the United States. The entire world economy is phony because it’s based on debt, debt that can never be payed.

    All the things you mention about the American economy are all taking place while we have rate at all time lows, massive government spending and every effort made to attempt to revive the economy. The results are rather dismal and in many cases the books are cooked almost as much as they are in China.

    By almost any true measure the standard of living for the majority of the population in the United States has been and keeps going down. People have reached the point where they no longer have any means to try to mitigate it any longer. We have reached peak debt on a consumer basis and without more debt, we can not keep growing.

    When the fraud of what the world economy ends, it’s going to be terrible for both China, the United States and the rest of the world. For the United States tho, I would bet it will be worse because we are a consumer nation and not a production nation.

  • tom

    That video is very concerning. America is being bought up piece by piece. Her workforce is as well.

  • alan

    The collapse is very slow like a cancer you don’t even realize what’s happening. Then one day you realize how did we get here. Our freedoms are going the same way.

  • XSANDIEGOCA

    I have mentioned this before. When I visit my condo in Palm Springs on the weekends, I drive along I-10, which parallels the Union Pacific railroad tracks coming out of LA and Long Beach. I see the same thing every time. Gigantic trains, 5 engines, straining to pull 100 double stacked container cars loaded with Chinese booty heading East. Going West, one engine with 100 double stacked container cars. The containers are obviously empty and going back to China for another round trip. They export massively here as is readily apparent with any visit to a Big Box store. We export, not so much. The Chinese can drop us without firing a shot. All they have to do is announce they are tying the RMB to Gold and it is Game Over. Going to WalMart will be considered luxury shopping! If this is indeed the plan, they are succeeding brilliantly.

    • Notsurprised

      I agree with you whole heartedly. The real problem is that USA has become a want want want more society. We forgot how to live on the essentials and need junk and more junk that China shells out and we are too dumb and buy it because we have huge houses that we need to fill with more junk! Think of all the dishes one has in their kitchen. Do you really need all of them? What about new appliances that you only want to replace because the “JONESs ” have a new kitchen, even though yours worked perfectly fine. How about the new flooring or new bathroom just because. There will come a day when everyone will appreciate the simple things because that is all they will have. China will call in the debt and we don’t have two nickels to rub together. We spend more than our national GDP already. And that is before the interest is paid. So much for the gadget generation. Go get the newest phone just because. Your supporting China!

      • Orange Jean

        I agree with you as well as with what XSANDIEGOCA said.

        I try to be frugal and I’ve generally lost all interest in buying things just to buy them, but I find that when you go to buy things you actually need it’s becoming more and more difficult to find things that were not made in China.

        As an example, I like to sew. It used to be there were many fabric manufacturers in the US. That’s long since gone by, and it takes considerable effort to find fabrics that were made in the US. There are some, but not many… and even for some that are available most of the clothing is still made in China or some other 3rd world country. Take Pendleton Wools for example, they are still producing their own wools but most if not all of their clothing is made in China. Or LL Bean, which used to be famous for having all it’s things made in the US. Now only a small fraction of what they have is made in the US. It goes on and on…

    • Howitworks

      Give us free trash, otherwise we blockade your coasts and seize your merchant fleet.

  • Horiboyable .

    Wow I didn’t know there were folks left with their blinkers on.

    By the end of this year there will be a down turn so severe there will most probably be civil unrest world wide.

    The USA needs to turn back to its core values, no free lunches and rewards for people with merits only

  • Priszilla

    And still the us government is prohibiting certain high tech and high income exports to china. China had no other choice than to give dollars to their tourists and buy real estate and ruins in America m

  • Kim

    Where can I get me some of these renminbis? Preferably with a few zeroes to the right of the decimal point.

  • GibbyD

    boycott all Chinese products . Lets get our of debt . Elect Mike Huckabee as President and institute The Fair Tax.

    • Black

      Mike Huckabee?! Seriously? A guy who claims the earth is 6,000 years old. Friggin bible thumpers will be the death of us all

      • GibbyD

        All our founders but one were Bible believers and Bible ” thumpers”. They never wrote without quoting some verse of Scripture or making mention of it’s truths . Jefferson was a Theist but believed that we were best served by electing Christians that believed The Bible . I think our founders and the many who came after them that believed The Bible enabled us to be the world power we are today . I believe it turned out very well . don’t you think? Yeah , you don’t , that’s the problem. As we have drifted from our Bible believing heritage , we have fallen into a state of greater evil and disrepair. We need a man like Mike Huckabee , who loves this country and the God that has blessed us in the past.

        • Gay Veteran

          a lot of the Founders were not Christian but Deist

          • GibbyD

            False ! Jefferson was possibly a Deist even though much of his writing describes a man who believed much of the Bible’s core doctrine. When you say, ” a lot of our founders were not Christians but Deists” , you, reveal yourself as one that is unfamiliar with their writings . Possibly a couple of our founders were “Deists” including Jefferson, but MOST believed in The Deity of Christ , the literal bodily Resurrection of The LORD Jesus Christ , the Inspiration of God of the Scriptures and the judgement of sinners in Hell and the blessing of Heaven for those that Believe The Gospel . I think that would qualify them as being called Christians .

            If you want to join that great company of the redeemed that God is calling to Himself , you simply need , “..repentance toward God and faith toward The LORD Jesus Christ ” ( Acts 20:21)KJB. If you are not already Born Again, please consider that this life is short and death and judgement awaits those that are not ready should death pounce on them without warning. Please admit your need and trust alone in God’s provision for your sins Jesus paid it all on Calvary’s Cross when He bore our sins in His own body while on the cross . Jesus died and then arose from the dead. He has gone to prepare a place for all those that are born again through faith and trust in Christ . ” BELIEVE on the LORD Jesus Christ and thou shalt be saved. ( Acts 16:31; I John 5:13; Philippians 1:6; 2 Corinthians 5;17)KJB. ( JOHN 3:3; I Peter 1:23 )KJB

          • Gay Veteran

            George Washington, Benjamin Franklin John Adams, James Madison

        • robert h siddell, jr

          You had me until you threw in Huckabee.

          • GibbyD

            Only Governor Huckabee advocates The Fair Tax strongly enough . The Fair Tax is the only remedy that can save our economy now . THE ONLY REMEDY LEFT short of WW3. Also , NOBODY can beat Huckabee in a debate. Just watch and you will see .

      • guest

        Actually, not accepting Jesus as your Lord and Savior will be death of you.
        Seek Him while He can still be found.

      • GSOB

        Many Christians choose to respond with silence rather than incur the wrath of a world that demands tolerance.
        I’m with the bible and on this point, Mr. Huckabee is in agreement.

    • We can’t get out of debt without ending the private bank currency system that we have now. Return the issuing power to the people and within a few years you will see economic flourishing. Output may flatline or even decline slightly, but people will take home more of what they earn rather than giving away 15% of GDP as interest. Welfare spending, which is largely caused by the debt treadmill that most Americans are on, will fall significantly, allowing taxation to be concurrently reduced. Inflation will be reduced significantly and will average zero, allowing the maintenance of savings.

      • robert h siddell, jr

        Good stuff but a debt based fiat money system has a fatal fault. Suppose the total money supply year X is 1 million and the interest rate is 5%. After one year we could earn the 1 million for the principle but how can we earn the $50,000 more for interest? The debt cannot be repaid under this debt based fiat system unless there is growth or more loans/debt. TPTB must constantly loan out more money printed out of thin air to keep the money supply from dropping; fewer dollars would mean less money in people’s hands for spending and that would mean an economic decline (death spiral). That’s where we are headed. All the money could pile up in the Elite’s vaults and people would still owe huge sums to the Elite banksters. who then demand we sell our public utilities companies, parks, etc, to them (privatization). Just look at Greece and realize that Spain, Portugal, Italy, France etc, are next. And the Elite banksters had just printed the money out of thin air to begin with.

        • 4thHorseman of the Confederacy

          good analogy, Mr. Siddell

        • I know this quite well, which is why I am an advocate of debt-free paper issued by an independent agency of government. It would end almost instantly the hoarding of money by the elite and would break the bonds of slavery between us and the top 0.01% who collect on the interest.

          • robert h siddell, jr

            Good but there will never be a trustworthy independent agency of the government. That’s why the honest (real) money must be gold and silver certificates with public records and public audits. Currencies based on debt, land, oil fields etc (like the Dollar and French Assignats) would not allow the bearer to get his/her real value (other than passing it off like our current Bankster Elite counterfeit) and TPTB will use it to enrich themselves at our expense. Unfortunately, I’m sure TPTB will soon initiate a chip system using e-money and it will be a million times more crooked.

          • The only problem I have with such a system is that gold and silver are inelastic – any loan convertible into them would be inherently unrepayable unless enough gold were extracted in the meantime to pay the interest. A better system would be one based on energy – i. e. one “energy dollar” entitles an individual to the use of ten kilowatt-hours. If we’re going to back our currency with something it should be based on the underlying factor that drives all economic output.

  • Rukander

    The “free lunch” going to end.

  • Destino

    Personally, I think the Chinese currency is worthless considering the massive money printing going on in China over the last few years. If another 3rd. world country expanded their currency so dramatically, it would soon be massively devalued. Is the abundance of this newly printed money the reason so many Chinese are able to purchase high-end real estate around the world?

  • Gay Veteran

    are you high? or just a government paid troll?

  • Mondobeyondo

    The yuan won’t be the replacement for the world reserve currency. Neither will the euro. It is a weakening currency. There are no other likely candidates left (British pound? Swedish krona? Nah.)

    Which leaves the U.S. dollar – still the world’s reserve currency for the time being…

  • jakartaman

    Unfortunately – no paper money will be used because the world economy will be collapsed – local farming/service bartering etc.

  • James Vaughan

    The “powers that be” are nothing more than a pack of blithering idiots – to use the British phrase. A pathetic pack of self-worshiping, self-indulging (think of what that really means in terms of what a certain J.C. used to say…) narcissistic blithering idiots. I do not mind them destroying themselves (whatever “floats their boat” and all that). What gets me is how they are taking the entire World down with them.

  • nohomehere

    Future of prosperity, I just dont see a as long as the little people are not included in the economic prosperity ! and a culturally different world doesnt mean that the people dont have the same fears and needs and asperations. Gov bureaucrats see the worlds population or masses as some call us ,as batteries ,a power resource or rather a garden to be culled and tilled and fertilized with copious amounts of BS and kept in a controlled environment as their private resource to dispose of as they see fit ! I see a soon coming friction between us and them senario and conflic between national self interests on a scale never before seen! Economic leadership ? won’t matter in a global economic depression. war ,conflics and civil unrest is the future~In a economic downturn it will be hard to hide the gap between those who can just go on a couple of years vacation and dont have to deal with the mess (they) these extractors will have left behind . Money wont work right, free social programs will be curtailed or non existent ! everone will awake to a distopian nightmare! Shocked at first then angry but by then one will be forced to conform, a great tragedy awaites us within the next decade or so ! I again say I dont see a prosperous future! dont worry if china is this or europe is that! Start to wake yourself up to what is being done to everyone of us and try to unify and help each other and prepare! because eventually confidence in the system will crash and not all the tea in china will be able to put humpty back in the bottle!

  • FortuneSeek3rz

    Dollar index up AGAIN today. Now the U.S. greenback has regained a level it last saw in Sept 2003. It’s unfortunate people are still predicting the demise of the dollar in the near term. They are likely alarmists who are set in their ways.

  • GSOB

    Well, the timing of Mrs. Clinton’s private e-mail server
    sets off an unrest concerning security, perhaps to the extent that reactions extends our POTUS term in his office.

    You may not get a chance to vote.

    sigh,… the irony of it

  • GetReal4U2

    perhaps the coming economic collapse will usher in the “new” currency…you know…”the mark”…

  • …oh STOP all silly vague talk about wishy washy stuff in the Book of Revelation!…..read on what Thom Jefferson said…!
    “60 years after re-reading the Book of the Apocalypse (Revelation), I still think it is the writings of a LUNATIC!” Thomas Jefferson
    “NO one knows if this Jesus Christ existed, and if he did, NOTHING is known about him.”
    “WHY I AM NOT A CHRISTIAN” Bertrand Russell 1928
    …did jesus even exist?

    • robert h siddell, jr

      Yes and He lives today. I believe Revelation is true prophecy and Jesus will return with glory pretty soon.

  • red rain

    I don’t care who comes to America just remember this is my country, you follow the rules. If you bring that commie garbage over here expect to lose 90% of the stolen land you bought from the bankers, that’s my land. even if you keep the land try and pull some of that commie garbage.

  • Disenchanted

    This sign has far reaching implications. First Thailand is a major tourist destination for Chinese. Second Chinese-Thai account for about 15% of Thailand’s population. Third China wants to have Thailand sign a rail agreement. The rail line would extend from southern China thru Laos. This project would allow China to export its currency debt and would give its navy access to a port outside of China. Thailand would become a client state if it defaulted on the loans. China always takes the long view

  • Ken5745

    @VigilanteCaregiver,

    If you labor under the delusion that the views of one nice Cantonese family, who emigrated to the US to start a business, represent the views of the majority of the people of China, try going out more often.

    In case you have not read the article and understood it fully, it says that “In recent years, the Chinese have been buying up real estate, businesses and energy assets all over the United States at a staggering pace. For a small taste of what has been taking place, check out the youtube video” as posted.

    Does it mean that the Chinese dislike China and are leaving in droves? No.

    And btw, there are more Muslims, Taoists and Buddhists in China than in the USA, UK and EU combined. And they don’t have men in white hoods burning crosses in China like they used to do in the USA.

  • Quest Hazel

    Hello Michael. I have been following your blog since late 2013, and you were the first to open my eyes regarding what is happening in the world. I think you are brilliant, your information and articles are excellent. I’ll keep following this site, but I wanted to ask something from you. Could you please stop using the chess and checkers analogy? This “Playing chess while the others play checkers” phrase is used frequently in many sites, and it’s very annoying for us checkers players. It takes many years of practice and discipline to reach Master level in checkers, just like it happens in chess. Instead, you could compare chess to Tic Tac Toe, for a better analogy. Thanks for every article that you provide us with!

    • john

      and what about ” échec et mat”?

      • Quest Hazel

        My French is almost nonexistent, but I think èchec et mat means checkmate. We do not have checkmate in checkers, but there are even worse things. If you make a mistake against a good player (and that person realizes what you did) the result will be an inescapable disaster and you lose because of that single mistake.

        Sometimes you can sacrifice several pieces, and the opponent thinks that he or she is winning, and then you hit with a deadly multi-jump sequence and the game is over.

        I wanted to comment about this article: I doubt that there will ever be a global currency and a world government. As I see the world, a far more likely scenario is the Third Great War and the extinction of almost all life on Earth.

  • 1Catolives1

    We now have a real test for prophecy of the bible with most interpreters thinking a world power must arise
    in Europe or the Middle East

  • Thinkpeoplethink

    In almost all countries, the ‘elite’ counterfeits, in a very dishonest but legalized way, the currency their citzens use. The worst case is the Federal Reserve, stealing from not only the US citizens but also from the whole world by creating trillions of dollars. That will have to stop. And we will see a new world currency, probably a basket of several currencies where the role of the dollar will be minimal.

  • Orange Jean

    Agreed, 100%!

    I continue to be amazed by the number of people (young especially) who have fallen under the spell of that Marxist-Leninist nonsense. Some otherwise intelligent…

  • Priszilla

    It’s weekend now. And sunshine. Black bag and gloves. Cleaning up the shoreline. Great exercise.

  • jmstalk

    There is a very simple and effective means to solve the problem of China. Stop buying Chinese goods.

    • john

      ok, and what you buy instead?. .. when there is no more made in USA product.!

  • charles

    China is not going to drop the dollar inthe tank. Most other countries tie their currency to the dollar and it would not be to Chinas advantage if all the other countries currencies were lowered along with the dollar. It would mean they could not afford Chinese goods and would go to other Asian markets.

  • FortuneSeek3rz

    It was another great day in America. The dollar index skyrocketed on the back of the 295k jobs added.

    • Gay Veteran

      I hope that was sarcasm

      • FortuneSeek3rz

        Get over yourself.

        • Gay Veteran

          speaking to a mirror, eh

  • joe

    295k jobs were added. What about all the people who lost jobs?

    • Kim

      You mean all the waiters and strippers?

      • Gay Veteran

        you forgot bartenders

  • david

    Chinese will take over not just US but Europe too.

  • Guest

    U mean all the waiters and strippers?

  • robertjustrobert

    No one in the universe could be worse than our own self centered Psycopathic , satanic , pedo , government.I welcome change .

  • jms

    If you look at the picture on the billboard you will see the Illuminati triangle under the coin. It is no secret that the atheistic Chinese leadership embrace the Illuminati, they have made it clear in the past that this is the case and this is their contribution to the NWO. It has been seen as a conspiracy by most…even me but the things I am seeing and reading are proving it to be true.

    • RageHard84

      Hey, the Dorito’s triangle represents Illuminati too.

  • Gay Veteran

    fascism is the merger of state and corporate power, which is precisely what we have in America.
    looks like you don’t give a rat’s a** about the American middle class

    • Swagato Barman Roy

      I have already told you, the American middle class is just a historical accident. I don’t see any more reason to care about it than you do.

      Humanity, technology progressed for long before whatever you think is American middle class and will continue to do so. If you cannot adapt with the changing landscape, YOU ARE A FAILURE.

      • Gay Veteran

        I’ll leave it tocorporate bootlickers like you to celebrate “free trade” with countries with slave labor wages and NO environmental regulations.
        but who cares so long as you can enrich yourself.

        btw, are you an American? if so you’re a pathetic p.o.s.

        • Swagato Barman Roy

          Hmm, you must be living on government assistance and proud of it, since apparently you don’t work (hence not a bootlicker).

          So when you ask if I am an American, you agree that your morality is basically a sort of tribal loyalty?

          • Gay Veteran

            you’re just a corporate shill.

            if I was born elsewhere then I would support the interests of that country

          • Swagato Barman Roy

            I am not a corporate shill, but just as much as you are a typical politicians’ shill, hoping for some handouts from the other guy. So you cannot produce value by your skill hence hope others will feed you, right?

            And your last statement shows your tribal loyalty, apparently you never left the middle age. Thanks for admitting this freely.

          • Gay Veteran

            “…you are a typical politicians’ shill, hoping for some handouts from the other guy….”
            great strawman you built there since nowhere have I called for handouts

            “…And your last statement shows your tribal loyalty, apparently you never left the middle age. Thanks for admitting this freely.”

            trial loyalty? it’s called looking out for YOUR country first, not for the fascist multinational corporations
            bottom line? YOU are only interested in the bottom line of the corporations, s*rew the people

          • Gay Veteran

            so bagboy, are you an American?

          • Swagato Barman Roy

            Admit your tribal loyalty and lack of vision, education first, bagygay!

          • Gay Veteran

            so in bagboy’s corporate shill book “patriotism” equals “tribal loyalty”

          • Gay Veteran

            hey bagboy! you didn’t answer the question: are you an American?

          • Swagato Barman Roy

            Lol, No.

  • robert h siddell, jr

    I believe China has thousands of tons of money (gold and silver) but the US’s Fort Knox only has thousands of square feet of air.

  • Priszilla

    And you really believe what’s written in advertisements?

  • Priszilla

    You can save some money, by not letting the heat, for which you paid, escaping your home.
    In the South, you make sure that the heat you expelled from your home doeesn’t sneak in.
    When exchanging used air for fresh air, make sure that they exchange their temperatures. So bettter control your air channels.

    And the less money you need, the less you need to work, and the more time you can spend with your family and your hobbies.

    Anything you don’t need to buy or import, gives you freedom.

  • SMASH THE CONTROL MACHINE

    HERE IS HOW THE STOCKMARKET CRASHES!!!READ IT!! 1After these things I saw another angel coming down from heaven, having great authority, and the earth was illumined with his glory. 2And he cried out with a mighty voice, saying, “Fallen, fallen is Babylon the great! She has become a dwelling place of demons and a prison of every unclean spirit, and a prison of every unclean and hateful bird. 3“For all the nations have drunk of the wine of the passion of her immorality, and the kings of the earth have committed acts of immorality with her, and the merchants of the earth have become rich by the wealth of her sensuality.”
    4I heard another voice from heaven, saying, “Come out of her, my people, so that you will not participate in her sins and receive of her plagues; 5for her sins have piled up as high as heaven, and God has remembered her iniquities. 6“Pay her back even as she has paid, and give back to her double according to her deeds; in the cup which she has mixed, mix twice as much for her. 7“To the degree that she glorified herself and lived sensuously, to the same degree give her torment and mourning; for she says in her heart, ‘I SIT as A QUEEN AND I AM NOT A WIDOW, and will never see mourning.’ 8“For this reason in one day her plagues will come, pestilence and mourning and famine, and she will be burned up with fire; for the Lord God who judges her is strong.

    Lament for Babylon

    9“And the kings of the earth, who committed acts of immorality and lived sensuously with her, will weep and lament over her when they see the smoke of her burning, 10standing at a distance because of the fear of her torment, saying, ‘Woe, woe, the great city, Babylon, the strong city! For in one hour your judgment has come.’

    11“And the merchants of the earth weep and mourn over her, because no one buys their cargoes any more— 12cargoes of gold and silver and precious stones and pearls and fine linen and purple and silk and scarlet, and every kind of citron wood and every article of ivory and every article made from very costly wood and bronze and iron and marble, 13and cinnamon and spice and incense and perfume and frankincense and wine and olive oil and fine flour and wheat and cattle and sheep, and cargoes of horses and chariots and slaves and human lives. 14“The fruit you long for has gone from you, and all things that were luxurious and splendid have passed away from you and men will no longer find them. 15“The merchants of these things, who became rich from her, will stand at a distance because of the fear of her torment, weeping and mourning, 16saying, ‘Woe, woe, the great city, she who was clothed in fine linen and purple and scarlet, and adorned with gold and precious stones and pearls; 17for in one hour such great wealth has been laid waste!’ And every shipmaster and every passenger and sailor, and as many as make their living by the sea, stood at a distance, 18and were crying out as they saw the smoke of her burning, saying, ‘What city is like the great city?’ 19“And they threw dust on their heads and were crying out, weeping and mourning, saying, ‘Woe, woe, the great city, in which all who had ships at sea became rich by her wealth, for in one hour she has been laid waste!’ 20“Rejoice over her, O heaven, and you saints and apostles and prophets, because God has pronounced judgment for you against her.”

    21Then a strong angel took up a stone like a great millstone and threw it into the sea, saying, “So will Babylon, the great city, be thrown down with violence, and will not be found any longer. 22“And the sound of harpists and musicians and flute-players and trumpeters will not be heard in you any longer; and no craftsman of any craft will be found in you any longer; and the sound of a mill will not be heard in you any longer; 23and the light of a lamp will not shine in you any longer; and the voice of the bridegroom and bride will not be heard in you any longer; for your merchants were the great men of the earth, because all the nations were deceived by your sorcery. 24“And in her was found the blood of prophets and of saints and of all who have been slain on the earth.”

    • GSOB

      “The greatest enemy of the early Church was apostate Israel, which used the power of the pagan Roman Empire to try to stamp out Christianity, just as it had used Rome in the crucifixion of the Lord Himself.

      John’s message in Revelation was that the greatest obstacle to the Church’s victory over the world would soon be judged and destroyed.

      The primary relevance of the Book of Revelation was for its first century readers. For us, the great majority of Revelation is history: It has already happened.

      It is not focused predominately on the second coming of Christ. It is centered about the destruction of Israel and Christ’s victory over His enemies and the establishment of the New Covenant Temple.

      The Christians of that day were tempted to compromise with the statism and false religions of their day, and they needed this message of Christ’s absolute dominion over all, that they might be strengthened in the warfare in which they were called.”

  • SMASH THE CONTROL MACHINE

    IT WAS WRITTEN IN THE BIBLE ALONG TIME AGO AMERICA IS BABYLON THE GREAT AND THE SYSTEM WILL CRASH IN ONE HOUR!!!HERE IS 99 REASONS !!!DOES THIS SOUND LIKE AMERICA?1. Babylon would be an END TIME GREAT NATION (Rev 17,18; Isa 13:6).

    2. Babylon would have a huge seaport city within its borders (Rev 18:17).

    3. The Great City Babylon is the home of a world government attempt (Rev 17:18).

    4. The Great City Babylon would be the economic nerve center of the world (Rev 18:3).

    5. Babylon would be the center of a one world Luciferian religious movement (Jer 51:44).

    6. Babylon would be the center for the move to a global economic order (Rev 13:16).

    BABYLON THE NATION

    1. Babylon would be the youngest and greatest of the end time nations (Jer 50:12).

    2. Babylon would the QUEEN AMONG THE NATIONS (Isa 47:5,7; Rev 18:7).

    3. Babylon would be the most powerful nation in the world (Isa 47, Jer 50, 51, Rev 18).

    4. Babylon would be the HAMMER OF THE WHOLE EARTH (Jer 50:23; Rev 18:23).

    5. Babylon is called a lady, and has the symbol of the Lady (Isa 47:7-9).

    6. Babylon would be the praise of the WHOLE EARTH (Jer 51:41).

    7. Babylon is center of world trade (Jer 51:44; Rev 17:18; 18:19).

    8. Babylon would grow to be the richest nation in the world (Rev 18:3, 7, 19, 23).

    9. All nations that traded with Babylon would grow rich (Rev 18:3).

    10. The merchants of Babylon were the GREAT MEN OF THE EARTH (Rev 18:23).

    11. Babylon is a huge nation, with lands, cities, and great wealth (implied throughout).

    12. Babylon is nation “peeled”, or timbered, a land of open fields (Isa 18:2).

    13. Babylon is land quartered by mighty rivers (Isa 18:2).

    14. Babylon is a land that is measured out, and populated throughout (Isa 18:2).

    15. Babylon destroys her own land, with pollution and waste (Isa 14:20, 18:2, 7).

    16. Babylon is a land rich in mineral wealth (Jer 51:13).

    17. Babylon is a the leading agricultural nation of the world (Jer 50, 51; Rev 18).

    18. Babylon is the leading exporting nation in the world (Jer 51:13; Rev 18).

    19. Babylon is the leading importing nation of the entire world.(Jer 50, 51; Rev 18).

    20. Babylon is a nation filled with warehouses and granaries (Jer 50:26).

    21. Babylon is the leading INDUSTRIAL NATION OF THE WORLD (Isa 13, 47, Jer 50, 51; Rev 18).

    22. Babylon is noted for her horses (Jer 50:37).

    23. Babylon is noted for her cattle, sheep and other livestock (Jer 50:26, 27; Rev 18:13).

    24. Babylon is noted for her fine flour and mill operations (Rev 18:13).

    25. Babylon is a nation of farmers and harvests huge crops (Jer 50:16, 26, 27).

    26. Babylon is a huge exporter of MUSIC (Rev 18:22).

    27. Babylon’s musicians are known around the world (Rev 18:22)

    28. Babylon has a huge aviation program (Isa 14:13-14; Jer 51:53; Hab 1:6-10).

    29. Babylon’s skies are filled with the whisper of aircraft wings (Isa 18:1; Jer 51:53).

    30. Babylon has a huge space industry, has “mounted up to the heavens” (Jer 51:53).

    31. Babylon fortifies her skies with a huge military aviation program (Jer 51:53).

    32. Babylon is portrayed as a leading in high tech weapons and abilities (Jer 51:53; Hab 1:6-10; implied throughout).

    33. Babylon is a nation filled with warm water seaports (Rev 18:17-19).

    34. Babylon is a coastal nation and sits upon MANY WATERS (Jer 51:13).

    35. Babylon trades with all who have ships in the sea year round (Rev 18:17-18).

    36. Babylon is nation filled with a “mingled” people (Jer 50:37).

    37. Babylon is a SINGULAR NATION founded upon OUT OF MANY, ONE (Isa 13, 47, Jer 50, 51, Hab 1).

    38. Babylon is a REPUBLIC or a DEMOCRACY, it is ruled by many counsels (Isa 47:13).

    39. Babylon’s governmental system breaks down (Isa 47:13).

    40. Babylon is bogged down with deliberations and cannot govern properly (Isa 47:13).

    41. Babylon’s leaders use astrology, seers and mystics for guidance (Isa 47:13; Rev 18:2).

    42. Babylon labored in the occult from her very inception (Isa 47:12).

    43. Babylon falls to the occult just before her end by nuclear fire (Rev 18:2)

    44. Babylon was born as a CHRISTIAN NATION (Jer 50:12).

    45. Babylon turns upon its heritage and destroys it all in the end (Jer 50:11).

    46. Babylon’s Christian leaders lead their flock astray in prophecy and salvation (Jer 50:6; implied Rev 18:2).

    47. Babylon’s Christian leaders are “strangers” in the Lord Houses of Worship (Jer 51:51).

    48. The people of Babylon are deep into astrology and spiritism (Isa 47:12; Rev 18:2).

    49. Babylon becomes the home of all antichrist religions in the world (Rev 18:2).

    50. Babylon is a nation of religious confusion (Isa 47:12-13).

    51. Babylon turns upon its own people and imprisons and slays them by millions (Jer 50:7,33; 51:35; 39; Dan 7:25; Rev 13:7; 17:6; 18:24).

    52. Babylon sets of detention centers for Jews and Christians and rounds them up for extermination (Jer 50:7, 33; 51:35, 49; Rev 17:6; 18:24).

    53. Babylon has a mother nation that remains in existence from her birth to death (Jer 50: 12).

    54. The mother of Babylon has the symbol of the LION (Dan7:4; Eze 38:13; Jer 51:38; Psalms 17:12).

    55. The mother of Babylon will rule over her daughter her entire life (Dan 7:4; Jer 50:12).

    56. The mother of Babylon will be a state of major decline as the end nears (Jer 50:12).

    57. Babylon is considered to be a lion’s whelp (Eze 38:13; Jer 51:38).

    58. Babylon will have the symbol of the EAGLE and builds her nest in the stars (Dan 7:4 EAGLE WINGS; Isa 14:13-14; Jer 51:53).

    59. Babylon turns totally antichrist and is the leading antichrist power at the end (Rev 18:2; Isa 14:4-6).

    60. THE KING OF BABYLON is called LUCIFER, the ANTICHRIST (Isa 14:4-6).

    61. The King of Babylon will rule from THE GREAT CITY BABYLON (Isa 14:4-6; Rev 17: 18).

    62. A world government entity will rise up to rule the world from BABYLON THE CITY (Isa 14; Hab 2, Rev 13, 17, 18).

    63. This world entity will be a diverse entity, different than all other ruling bodies of the world (Dan 7:7, 23).

    64. This entity will be a TREATY POWER ENTITY (Dan 7:7, 23 DIVERSE).

    65. This entity will rise up and use the military power of Babylon the nation to RULE THE WORLD (Isa 14:4-6; Hab 1 & 2, Rev 13, 17).

    66. Babylon is a huge producer and exporter of automobiles (Jer 50:37; Rev 18:13).

    67. Babylon is a nation of CRAFTSMEN, experts in their trade (Jer 50, 51, Rev 18:22).

    68. Babylon is noted for her jewelry of gold and silver (Rev 18:22).

    69. Babylon is a huge importer and exporter of spices (Rev 18:13).

    70. Babylon is a huge exporter of fine marble products (Rev 18:22).

    71. Babylon is noted for her iron and steel production (Rev 18:12).

    72. Babylon has huge corporations that have bases around the world (Rev 18:23, implied throughout)

    73. Babylon is a nation of higher education and learning (Isa 47:10, implied throughout).

    74. Babylon is a nation with a GREAT VOICE in world affairs (Jer 51:55)

    75. Babylon is a VIRGIN NATION, untouched by major war (Isa 47:1).

    76. Babylon has a vast military machine (Jer 50:36; 51:30; Hab 1 & 2, Rev 13:4).

    77. Babylon will be instrumental in the setting up of Israel in the Middle East, and is the home of God’s people (Jer 50:47; 51:45).

    78. Babylon will have a major enemy to her north (Jer 50:3, 9, 41).

    79. Babylon’s enemy will lie on the opposite side of the world, over the poles (Isa 13:5)

    80. The enemy of Babylon will be a FEDERAL OF NATIONS (Jer 50:9).

    81. The enemy of Babylon will be largely Moslem in make-up (Jer 50:17; Rev 17:16; Psalms 83:5-12).

    82. The enemy of Babylon will have nuclear missiles capable of reaching Babylon (Jer 50:9, 14,; Rev 18:8, 18).

    83. The enemy of Babylon will be noted for her cruelty (Isa 13, 14, Jer 50, 51, Rev 17, 18).

    84. The enemy of Babylon will also have a huge aviation military machine (Jer 50:9, 14, Rev 18:8, 18 implied throughout).

    85. The enemy of Babylon will come into Babylon unnoticed (Isa 47:11, Jer 50:24; 51:2, 14).

    86. Babylon will be filled with her enemies brought in under the guise of peace (Dan 11:21).

    87. Babylon will have all of her borders cut off, and there will be no way of

    escape (Jer 50:28; 51:32).

    88. Babylon will be destroyed by nuclear fire (Implied throughout)

    89. Babylon is land vast land with huge cities, towns and villages throughout (Implied throughout).

    90. Babylon will have been a huge missionary nation for Jesus Christ (Jer 50:11; 51:7).

    91. Babylon would be a home to multitudes of Jews who leave (Jer 50:4-6, 8; 51:6, 45)

    92. The people of Babylon would not know their true identity (Jer 50:6, implied throughout).

    93. The people of Babylon would think they are God’s elect and eternal (Isa 47:7-8, Rev 18:7).

    94. The people of Babylon would enjoy the highest standard of living in the world (Rev 18:7).

    95. The people of Babylon would grow mad upon their idols (Jer 50:2, 38; Hab 2:18).

    96. The people of Babylon would go into deep sins of all kinds (Rev 18:5).

    97. The nation Babylon dwells carelessly before the Lord (Isa 47:8).

    98. Babylon becomes proud, haughty, and does not consider her end (Isa 47:7-8).

    99. Babylon deals in the occult, in sorceries and drugs (Isa 47:9, 12; Rev 18:23)

    These are but a few of the many parameters listed to help us identify this last great nation that the Lord calls BABYLON THE GREAT. America does now, or is in the process of fulfilling each and every one of them. No other nation upon the face of the earth can fulfill these parameters. AMERICA IS BABYLON THE GREAT. There would likewise be a series of SIGNS that would would begin to emerge that would give BIRTH TO, and WATCH THE RISE OF, as well as THE FALL OF AMERICA-BABYLON.

    • GSOB

      “No one will be able to handle the Word of God more effectually than he to whom the treasure-chambers of its historic meaning have been opened up.”
      – Geerhardus Vos

  • Chuck

    What about men and women who don’t want to work because of retirement, being a student, or can’t work due to illness, etc? How are these people accounted for?

  • la

    I do not have access to accurate facts about economies or who is plotting what, when, or where. I live in a small town in the US. I have to accept what people say and many times there are opposite reports. One thing I do know from my faith, the Bible, and my personal experiences. I am 64 yrs. old: and without doubt, God MUST be placed back into our lives and petitioned for help in all our decisions and struggles with life here on earth. Until He is number one in counseling us, there will always be problems and fears. Injustices, power takeovers, corruption, etc. will rule the worldly thinkers no matter who that may be. I suggest strongly that all the Christians reading this, PRAY more often, deeper, with stronger faith that we will be taken care of like God promised. Then no matter what the currency or the government, God will provide for us. If He chooses to allow death or struggles, they are temporary and He will take us home to live eternally with Him. PRAY!! He is in control Do not take my word for it. READ the Bible and BELIEVE! :) Written with agape love for all.

  • True Grit

    The remnimbi is just play money with no value of it’s own. It can’t even stand on it’s own and needs to be “pegged” to the dollar (real money). It will never stand as a world reserve currency. It is completely controlled by a brutal Communist regime

    and will only be trusted by fools in the west and there aren’t that many fools in the west contrary to what bankers think.

    Believe in our country and our worth as Americans the days of treasonous rule are almost over!

  • dawnirick

    ok well time will tell. ill see what it reveals . one day at a time.

  • RageHard84

    Maybe there will be a new dynasty.

  • Blank Reg

    Who cares? It’s still a “currency”…it’s not Honest Money.

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