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Israel Added Yuan to Reserve Currency Portfolio

Israel has now moved to add the Chinese yuan to its reserve currency portfolio, which will create a natural hedge against the risk of insanity pushing for war by [...]

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Saudi Arabia Considers Accepting Yuan for Oil

Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi [...]

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World Bank Warns Against Hoarding and Russia Turns to the Yuan

There will be a run on gas and food, the World Bank inadvertently reported. World Bank President David Malpass is warning people not to hoard essentials amid [...]

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China & Buying Gold – Why?

QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis [...]

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Bitcoin – What Next?

The rally in bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the [...]

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What Happened to the End of the World & Dollar Today?

  COMMENT: Well Marty, I guess you are right and the lunatic fringe who said the world would end today and the dollar would crash all because the IMF would [...]

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SDR – China – Dollar

COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. [...]

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China Shuts Down FOREX at Foreign Banks to Try to Stop Dollar Rise

China has suspended FOREX business at three main foreign banks for the first quarter of 2016 in an effort to curb the outflow of capital into the rising dollar. [...]

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Yuan to Be Added to SDR at the IMF

QUESTION: Mr. Armstrong; If I understand you correctly, should the IMF accept the yuan as a reserve currency, this will have zero impact other than political. [...]

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Currency Pegs & their Risks

The devaluation of the Chinese renminbi (yuan) raises serious implications both economically and politically. The mere fact that a peg exists allows for political [...]

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