Tag Archives: renminbi

China Finally Reveals Gold Holdings

After six years, China finally revealed its “total” gold hoard today in a statement issued by the PBOC (People’s Bank of China). The grand total? 1,658 metric tons, placing the country in 5th place worldwide. It’s an increase of more … Continue reading

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The War in Ukraine and the War in Syria Might be the Same War– has WW3 Already Begun?

It is possible that at the end of last year, World War III quietly broke out and hardly anyone noticed. For now, it seems to be contained in small pockets in Syria, Iraq, and Ukraine. More recently though, tensions have … Continue reading

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The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

“Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.”

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Chase Bank is Preparing for Something Big

The largest bank in the U.S., JP Morgan Chase, has made two disturbing moves in recent weeks that should give many Americans significant cause for worry. It isn’t yet known what the reasons behind these moves are, but one thing … Continue reading

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The Coming SDR Gold Standard

JC Collins at the Philosophy of Metrics lays out how gold will likely be included in the newest incarnation of the IMF’s Special Drawing Rights Reserve Currency.

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Global De-Dollarization Continues as China Readies SWIFT Alternative

Reuters is reporting today that China’s International Payment System or CIPS is ready for use and could be launched as soon as September or October of this year. The system will be utilized as an alternative to the SWIFT payment system (Society … Continue reading

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Currency Wars Intensify; China Declares Renminbi the “New World Currency”

Day by day, the currency wars continue to heat up. With the European Central Bank’s Quantitative Easing program now underway and the end of the euro in sight, many other countries around the world have joined the race to the … Continue reading

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China Boosting Gold Reserves

The managing director for the Official Monetary and Financial Institutions Forum in London, David Marsh, said in an interview on September 11, “It is clear that western central banks over time will be reducing their reserves and China and other Asian countries … Continue reading

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