The Shocking Consequences of IMF’s October Announcement?

China Could Destroy the U.S. Dollar Starting October 20th

05.30.2015 by Kelly Brown, Stansberry Research


It’s no secret China wants to make dramatic changes to the international currency system.

Since 2009 they have made currency agreements with more than 20 countries and various regions including Switzerland, Brazil, South Korea, the United Kingdom, the Eurozone, and Russia.

All of these deals simplified trading by allowing these nations to makes exchanges in local currencies instead of U.S. Dollars.

And this trend is accelerating…

China has now worked with more than 10,000 financial institutions (up 1,011% from June 2011) to do business in Chinese Yuan.

And many are convinced that China is working to back their currency with gold to make it the number one alternative to the U.S. dollar.

READ MORE: Here is China’s Plan to Destroy U.S. Dollar

China is even promoting its currency as a world leader.

Take a look at this billboard spotted by Simon Black of the Sovereign Man outside an airport in Thailand.

Billboard

“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,” says Black. “They know that the future belongs to them and they’re flaunting it.”

Stuart Oakley, a Managing Director at Nomura Group recently told CNBC, “Let’s not kid ourselves, [China’s rise to power] is well underway and further down the path than many think.”

And now, an American PhD currency expert named Steve Sjuggerud says we have a very good idea how the Chinese will secure their spot as the true “alternative” to the U.S. Dollar and it’s all very likely to start Octobers 20th of this year.

RELATED: First Look: U.S. Dollar Alternative Coming this October

On this date, China, with the help of one of the world’s leading international banking agencies, is looking to make an epic move in the world’s currency markets, which will send shock-waves throughout China, America, and the rest of the world.

Dr. Sjuggerud says:

“The truth is, you’re unlikely to see a currency event of this magnitude again in your lifetime. I believe this announcement will trigger one of the most profound transfers of wealth we’ve ever seen – You simply must be prepared, and understand what’s about to happen.”

Dr. Sjuggerud is so concerned, he has put together a full analysis on this situation, which you can access free of charge, on his website here

READ MORE: How China will dethrone U.S dollar

2 comments

  1. Do you understand that what we need to fix our current crap is to get out of being the reserve currency? yes, it would cause a much-needed and long overdue NEAR collapse. but otherwise we keep getting deeper and deeper in this hole. We can’t start getting out of the hole until we are no longer the reserve currency. please look up “Triffin Paradox”… It will explain why we can’t right the boat.

  2. I believe that the value of the US greenback will only increase in response to an action like this. It will become a world preferred “elite” currency and will be very much sought after as the far superior, even if secondary, reserve currency. Save those dollars now folks. Cash is king and the US dollar will be the king of them all.

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