China Prepares To
Dump The Dollar And they’re not the only ones.
While some of the recent “news” has been over-hyped or even flat-out wrong, there’s no denying the underlying trends that will change everything about your financial future. Dear John, I got an urgent email last week from a good friend. An incredible news story had just been posted — China was launching an oil contract denominated in yuan...
...And it was going to be backed by gold. Now, as we quickly discovered, this news story was completely unverified. No source was quoted. But as we dug into it, we realized that this wasn’t a new story at all. Very stealthily, China had already accomplished this mission months ago. And the repercussions will affect everything — oil, gold, the dollar, the stock market, interest rates, real estate, America’s power and influence around the world...
...And your financial well being. China’s “Secret” Plan
— Executed In Plain Sight It will come as news to no one that China wants to take a seat at the table amongst the world’s economic leaders.
Simply put, it wants the yuan to achieve world reserve currency status. But to do that, it has to unseat the U.S. dollar. No two ways about it — there can’t be two bullies on the block. By some measures, China’s economy is already No. 1 in the world, pushing the U.S. into second place. Yet the dollar is the undisputed global currency, with over half of international reserves denominated in the greenback.
So you can understand why China is more than a bit perturbed: The nation is perhaps the world’s largest economy...but has little say in global economic affairs.
China is also the world’s largest importer of oil, yet must pay for its oil in U.S. dollars. China is also the largest consumer and producer of gold, yet the metal’s global price is set everyday by Western speculators trading paper in New York.
Simply put, there is no way that China can achieve its rightful standing in the global economy unless it first takes down the dollar.
To do that, they first need to take control of the oil and gold markets that they already dominate.
What most investors don’t realize is that they’ve already done just that. The implications are enormous — and a recorded conference call has now revealed just what they are...
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Conference Call Back to the story: The email I received last week came from Russ Gray, who with his business partner Robert Helms forms the famous Real Estate Guys Radio Show.
Don’t be mistaken — Russ and Robert cover much more than real estate. In fact, their show is one of today’s most popular financial and self-help podcasts.
Russ was emailing me because the story that broke about China and an oil contract backed by gold was setting the Internet on fire.
Everyone was talking about it.
Now, while we quickly learned that there was probably little behind the specifics of the story, we realized that China had already executed much of the plan. In October 2015, they’d launched an oil benchmark contract denominated in yuan.
In April 2016, China launched a yuan-denominated gold contract and benchmark price fix. You see, everything that the news story had proclaimed as “news” was already accomplished. Any trader settling either of those contracts in yuan could turn around and buy gold — so the option of “settling” in gold was always available.
What Russ wanted to do was examine the implications of these stealthy moves by China to dominate the oil and gold markets...and what they meant for the future of the U.S. dollar.
Russ wanted to convene an Emergency Conference Call with me, him and Robert Helms...and include Chris Martenson of Peak Prosperity, who’s garnered a huge following with his analyses of the economy, energy and eco-politics.
Importantly, Russ wanted to record our discussion and make it available to all our followers. So we did just that. And I can tell you that the experience was nothing short of amazing. I learned things from Russ, Robert and Chris that I wasn’t aware of. I think they got some valuable insights from me.
And together, we came to some stunning — and frightening — conclusions that will affect everything about your financial position.
This conference call is now up and live...posted at the link below...and is absolutely free. You don’t have to provide any information or answer any questions — just listen to what I believe are powerful insights that could change your life. CLICK HERE NOW TO LISTEN
To This Insightful Conversation
With Russ, Robert, Chris And Me We discussed not only how China is trying to dethrone the dollar, we also analyzed how and when they could do it...discussed how Russia is joining in to help...
...What it means for every asset class and aspect of our financial lives...
...And what we can — must — do to prepare.
I urge you to not only listen in on this conversation, but to please forward the link to your friends and family.
Everyone needs to hear this now. All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference P.S. For more insights on the markets and the continuing attempts by governments to control your wealth and free choice, you should subscribe to our weekly Gold Newsletter Podcast.
Some recent episodes that you’ll find especially interesting:
• Rich Checkan of Asset Strategies shows how you can Resist the War on Cash.
• Rick Rule reveals how we can Be the First to the Bull Market.
• Chris Martenson explains why we need to Prepare for Uncharted Waters.
• George Gilder charts The Way Out of Fiat Currencies.
• Russ Gray shows Why Markets May Fall but Real Estate Still Pays.
You can find all these episodes and more on our Gold Newsletter Podcast home page. | 