Here is our research from Oct 2013 where we outlined our thesis on how and why the Yuan will dominate the world in the years and decades ahead:
But today’s HOTTEST news is that Iran has become the first country in the world to completely move away from USD.
This news of major damage to the US dollar will not be published or discussed in any major media outlet for fear of retaliation by the US Govt.
This is what the Iranian Govt said last night:
“As of Monday, the Dollar was taken off Sanarate.ir – a website affiliated to the Central Bank of Iran (CBI) used to display the average rates of the country’s most tradable currencies such as the Dollar, the Euro and UAE’s Dirham. Searches in the archives of the website would also show the Yuan instead of the Dollar.”
The Central Bank of Iran has instructed all online sites to NOT show any exchange rates against USD.
They have also instructed everyone not to buy or sell US dollars or trade in USD.
Henceforth, all trade and FX rates will be based against the Euro.
The previously mighty USD will be replaced by the mightier Yuan.
China has signed several yuan and other currency deals with various countries over the last decade.
Turky is almost ready and will ditch the US dollar within a few months, hopefully, unless Trump backtracks and understands just how much self inflicted damage he is causing to America and it's hegemony tool - the USD..
Russia has also been signing direct deals with countries like Iran for barter and own currency deals.
26 May 2017: Iran, Russia seal oil-for-goods barter deal – report
We, again, warned on 13 Aug 2018, on the same that Turkey will move towards China and Russia which is exactly what has happened by the meeting between Turkey and China on Sat, 18 Aug 2018.
However, now Turkey and Qatar have also signed a non USD deal last week. All thanks to the Trump tantrums.
20 Aug 2018: Turkish, Qatari central banks ink currency swap deal
China is now using Iranian tankers for it’s oil purchases from Iran in order to avoid any sanctions on China companies.
China is the largest oil buyer of Iran hence this move is very important to avoid any direct impact on China and continue their critical oil purchases from Iran.
20 Apr 2018: Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources
China has stabilized Africa with it’s investments into new roads and more infrastructure from Ethiopia to Kenya as well as resolved long standing disputes between various African nations.
Chinese currency plays a major role in Africa from FX reserves and trade.
What we have suggested since prior to 2013, is now being accepted by top Govt bodies in Africa and around the world.
“Officials, experts and scholars from various African countries have seen it as an inevitable trend for the yuan to be adopted as Africa's reserve and settlement currency in the future, which will not only benefit local economic development, but also boost the internationalization of the yuan.
Officials of central banks and finance ministries from 14 African countries have suggested they are considering the Chinese yuan as a reserve currency and expanding its use across the whole continent, said Caleb Fundanga, executive director of the Macro Economic and Financial Management Institute of Eastern and Southern Africa.”
Officials of central banks and finance ministries from 14 African countries have suggested they are considering the Chinese yuan as a reserve currency and expanding its use across the whole continent, said Caleb Fundanga, executive director of the Macro Economic and Financial Management Institute of Eastern and Southern Africa.”
19 Aug 2018: Yuan gains increasing popularity in Africa
China is not only investing over a trillion dollars in Africa but President Xi Jinping is personally investing his time and once again will be attending the regular FOCAC summit in Africa in 2 weeks from now.
20 Aug 2018: President Xi to chair FOCAC Beijing summit in early September
These moves will have massive ramifications on all USD holdings worldwide, in real estate, in stocks and bonds, in USD treasury holdings, in pegged currency countries etc.
Kudos to Iran for becoming the first one to take a solid step to hurt the US dollar whose gradual demise is marching ahead slowly.
The ball is still in the court of Saudi Arabia/UAE who need to accept Yuan for sale of their oil, until then, they will keep bleeding and bleeding.
On the day when Saudi Arabia announces acceptance of Yuan like all the other countries, we will all need to run for cover due to the damage it will cause to Saudi, the GCC and to everyone around the world including USA and will be a major death blow to the USD.
Best time is now to invest in Yuan and related investments or a little bit in gold and little in real estate in a reasonably stable/growing country or some in local currency where one stays and diversify away from the USD, in order to reduce the damage that the gradual demise of USD will cause.
These moves will have massive ramifications on all USD holdings worldwide, in real estate, in stocks and bonds, in USD treasury holdings, in pegged currency countries etc.
Kudos to Iran for becoming the first one to take a solid step to hurt the US dollar whose gradual demise is marching ahead slowly.
The ball is still in the court of Saudi Arabia/UAE who need to accept Yuan for sale of their oil, until then, they will keep bleeding and bleeding.
On the day when Saudi Arabia announces acceptance of Yuan like all the other countries, we will all need to run for cover due to the damage it will cause to Saudi, the GCC and to everyone around the world including USA and will be a major death blow to the USD.
Best time is now to invest in Yuan and related investments or a little bit in gold and little in real estate in a reasonably stable/growing country or some in local currency where one stays and diversify away from the USD, in order to reduce the damage that the gradual demise of USD will cause.
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