US APPROVES YUAN SDR INCLUSION AFTER CHINA ORDERS 300 BOEING PLANES

by **Ssmith** Sun Sep 27, 2015 11:23 am

Ingenius1
A contact told me in June this year the Yuan was going to be the reserve currency and Tony has said as much a number of times so this may be political posturing but though I'd share...

"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.
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Wonderboy
Yes and Xi also announced "US" approvingg 2010 IMF Accords...did I miss something? Congress (Republicans) had NOT approved Accords because they significantly reduced US influence in IMF matters, the inclusion of Yuan or Remibi in the SDR basket weakened the US dollar's claim as world currency, and the fact that US hd to pony up an additional payment to IMF ($40 Billion?) which was not funded.

by **Ponee** Mon Sep 28, 2015 12:00 am

US APPROVES YUAN SDR INCLUSION AFTER CHINA ORDERS 300 BOEING PLANES

BANKING & FINANCE
SEPTEMBER 27, 2015

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.

Of course, there are other covert arrangements which led us to conclude that the East is only really aiming for a peaceful “win-win” resolution of all conflicts with the West, and that the best they, i.e. the Reformists, could do for the time being is to initiate an “all-inclusive economic system”, and it is up to us to exploit and maximize that scenario where “no one is left behind.”

Earlier, the White House was also trying to raise the stakes using the cybersecurity and hacking issue which both countries are guilty of doing, and to which China has effectively downplayed by talking to the tech companies first before with anybody else.

After extended bargaining, both parties have reached an understanding on cybertheft issue, among others.

US APPROVES YUAN SDR INCLUSION AFTER CHINA ORDERS 300 BOEING PLANES

US APPROVES YUAN SDR INCLUSION AFTER CHINA ORDERS 300 BOEING PLANES

Re: US APPROVES YUAN SDR INCLUSION AFTER CHINA ORDERS 300 BOEING PLANES