China quietly introduces new financial system

by pygmalyn Sat Dec 10, 2011 12:17 am

http://silverbearcafe.com/private/11.09/chinabank.html
China quietly introduces new financial system
Benjamin Fulford

(Editor's
Note: The following missive, from Mr. Fulford, portends some radical
changes ahead, Not only are they radical, he also suggests that they are
imminent. Do your own "due diligence" but stay open to the
possibilities. - JSB)

China
has stealthily introduced a new financial system based on the renminbi
which is well on its way to becoming fully convertible, according to a
high-level Chinese source. In addition, China is purchasing 10,000 tons
of gold to back up a new fund designed to develop and market heretofore
forbidden and suppressed technologies. The fund will be based outside of
China and will be controlled by prominent members of the Chinese
overseas community. The gold purchase will take some time because of the
logistics of transporting it and the Chinese wish to test it
thoroughly. Both the Chinese government and MI6 now confirm reports that
much of the gold sold by the Federal Reserve Board over the past decade
is in fact gold plated tungsten.

For
its part, the renminbi is now convertible with South American
currencies, the ruble, Middle-Eastern currencies, the yen, South East
Asian currencies and African currencies. "We will slowly introduce our
new financial system in parallel with the old one and hope that people
steadily migrate towards it," the Chinese official says.

Meanwhile,
the latest G20 meeting ended in acrimony and chaos. The leadership of
the West is in total disarray and will remain so until the Federal
Reserve Board's bankruptcy becomes visible even to brainwashed section
of the Western public. This is now expected by January or February. Both
MI6 and a senior Chinese government source now predict the collapse of
the Federal Reserve dollar by that time.

We
are also hearing various reports that many Pentagon and other US
alphabet suit agency figures with both US and Israeli citizenship have
recently fled to Israel. Things are coming to a head.

China is proposing to replace the US dollar with the Hong Kong dollar

At a
top secret high-finance meeting scheduled for this weekend, China will
propose that the US dollar be replaced by the Hong Kong dollar,
according to a senior MI6 source. The proposal is under serious
consideration by the backers of the new financial system.

As
we have previously reported most US dollars ever created are now backed
by gold at the rate of 1/28th of a gram per dollar. The fraudulent
Federal Reserve Board fiat dollars issued after September, 2008 are not.
Nor are any dollars derived from fraudulent "derivatives." So, to
replace the US dollar with the Hong Kong dollar all that would be
required would be to rename the gold-backed dollars. Any new Hong Kong
dollars issued would be backed by the Renminbi, according to the Chinese
proposal.

The Federal Reserve note will fall to 0.03 cents by January

It
can now be stated that all the US dollars connected to legitimate
commerce are backed by gold at the rate of 1/28th of a gram per dollar.
The remaining Federal Reserve Board debt notes will soon fall in value
to 0.03 cents, according to extremely high level financial sources. This
means all legitimate businessmen and workers paid in US dollars have
nothing to worry about. However, high level con-artists selling
financial "derivatives," will be left with 0.03% of what they thought
they owned.

It
is amazing to see how many intelligent "well informed" people still do
not have a clue about what is going on. If you connect the dots in the
corporate propaganda media, you should be able to see for yourself
without going to so-called "conspiracy" news sites. Among countries that
have publicly said they will no longer use dollars for trade with each
other can be found: China, Russia, Japan, South America, the Arab
league, Turkey, Iran etc.

by edlou Sat Dec 10, 2011 1:25 am

AS THE WORLD TURNS....

by Guest Sat Dec 10, 2011 1:50 am

Never happen!

by warvet91 Sat Dec 10, 2011 3:27 am

Never say never ...

Narcissism combined with acute attention deficit disorder leads to ignorance. I've said this before and I am going to say this agin ... China is a real, viable threat.
We've spent most of our time preoccupied with war, financial crises, our own survival and waiting for this RV to happen, that we left the door open ...
This is nothing new, this has been a very tactful and subtle move for sometime and they are being extremely aggressive towards this move. Though, there is a lot more to this than meets the eye ...

China quietly introduces new financial system

China quietly introduces new financial system

Re: China quietly introduces new financial system

Re: China quietly introduces new financial system

Re: China quietly introduces new financial system