Monday, September 28, 2015

TNT CHAT UPDATE, 27 SEPT

TNT CHAT UPDATE, 27 SEPT

TNT:

Elmerf123456:
  After reassuring the United States that its economy will be propped up by China, Obama has given his thumbs up to the inclusion of Renminbi into the IMF’s SDR basket of currencies.

Renminbi is the official “people’s currency” of China; Yuan is the primary unit of that currency. This will pave the way for the exclusion of the fiat dollar from the global financial system in the coming days.

The Obama administration took a step toward backing China’s bid to have the yuan recognized as a global reserve currency, as the U.S. softened its insistence that the Chinese implement financial reforms to win support.

The shift in the U.S. position follows the administration’s failed attempt to prevent allies from joining the China-led Asian Infrastructure Investment Bank earlier this year, a strategy that was faulted by former policy makers including ex-Treasury Secretary Henry Paulson.

Winning the IMF’s endorsement would validate efforts by Xi to push through policies aimed at making the world’s second-biggest economy more market-oriented, boosting China’s prestige as it prepares to host Group of 20 gatherings next year. At least $1 trillion of global reserves will convert to Chinese assets if the yuan joins the IMF’s reserve basket, according to Standard Chartered Plc and AXA Investment Managers.

Friday’s shift brings the U.S. closer to the positions of the U.K. and France. In a speech Tuesday in Shanghai, U.K. Chancellor of the Exchequer George Osborne said he’d like to see the yuan added to the IMF basket as the currency becomes increasingly important in global markets and “meets existing IMF criteria.”

Elmerf123456:  That my Folks spells out A BIG WIN FOR OUR HOME TEAM!  Remember back...I said China doesn't play games. They do what the set out to do!!!!!

Fancy01:  E lmer Am I wrong in thinking with this that the Yuan Remnibi is in the first basket?

Elmer123456:  Fancy count of this. The gov never tells the whole story. I like what I'm seeing and the Market also heard China's voice loud and clear

Fancy01: 
  Elmer Considering that China always gets what they want- I am thinking yes

Elmerf123456:
  It also points out that over 100 heads of state including the Chinese President did not come to play Bridge but rather to mend a few.

elmerf123456
 : DOW futures unchanged right now but we should see a shake put a little later. What direction still remains.     I suspect we will see SOME green tomorrow.



3 comments:

  1. The IMF is nothing more than a central bank, just like the FED. It has no juice and is going down, just like the FED. All central banks are going down and banks will be controlled by the country's governments where in they reside. The good news is that those governments will also be changing to lawful, constitution obeying entities, with their monies being produced by government treasuries, not central banks, and backed by precious metals.

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  2. DAN: THIS ARTICLE IS POSTED UNER THE WRONG BLOG - ALL ARTICLES ON THE RV / GCR ARE TO BE POSTED UNDER THE BLOG ESTABLISHED FOR SUCH POSTINGS - http://nesaranews-real-rv-gcr-news.blogspot.com/

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  3. Anon 2:07 If I am not mistaken, the BIS is also part of the Rothschild IMF and FED. Most of us that are aware of what you said can hardly wait to see their system go down! We can only hope and pray that their criminal system is totaly destroyed and not replaced with something worse yet. The damage they have done to the people of this planet is immeasurable, and no dollar value can be affixed. I am concerned about the pending digital banking system due to hacking as well as the up and coming computer that will be so smart as to take over all affairs, including banking, and will be able to block and steal digital funds at will. We cannot and should not rely on outside sources to control our funds. It is imperative that all Americans begin now - if they haven't already - to work with family and friends and neighbors to establish barter groups for survival - as we will be removed from their 'system' and will need to be able to rely solely on ourselves. Thank you for your comments.

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