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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Sunday, December 15, 2013

Yet Another Massive Nail In The Dollar's Coffin

Hong Kong and Singapore are THE two dominant financial centers in Asia. For years they’ve been locked in competition with one another, much like New York and London. So their public partnership is a very big deal… indicative of the clear objective they have in front of them.

Bottom line – finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and it’s clear that the Chinese renminbi is going to take tremendous market share away from the dollar. They want a big piece of the action.

The renminbi has already surpassed the euro to become the #2 most-used currency in the world when it comes to trade settlement, according to a report released yesterday by the Society of Worldwide Interbank Financial Telecommunication (SWIFT).  | GlobalResearchReport.com


Also read:
 
US in economic collapse as China, Russia ‘moving away from using dollar’ - See more at: http://globalresearchreport.com/2013/12/15/yet-another-massive-nail-in-the-dollars-coffin/?utm_source=rss&utm_medium=rss&utm_campaign=yet-another-massive-nail-in-the-dollars-coffin#sthash.JJx75eGg.dpuf
US in economic collapse as China, Russia ‘moving away from using dollar’ - See more at: http://globalresearchreport.com/2013/12/15/yet-another-massive-nail-in-the-dollars-coffin/?utm_source=rss&utm_medium=rss&utm_campaign=yet-another-massive-nail-in-the-dollars-coffin#sthash.JJx75eGg.dpuf
US in economic collapse as China, Russia ‘moving away from using dollar’ - See more at: http://globalresearchreport.com/2013/12/15/yet-another-massive-nail-in-the-dollars-coffin/?utm_source=rss&utm_medium=rss&utm_campaign=yet-another-massive-nail-in-the-dollars-coffin#sthash.JJx75eGg.dpuf

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