24 min clip, China rejects the dollar. The dollar is on the way down and out.The morning was about the metal. The night is about the currency. Following the massive 41-ton silver withdrawal we reported earlier, Beijing has just dropped the second shoe. Sources confirm that major Chinese exporters are now rejecting US Dollars for settlement. The demand is clear: Payment in Real Assets (Gold, Silver, or Asset-Backed Yuan) only.
This is the moment we warned you about. The Petrodollar is dead. The "Paper Era" is ending, and the "Asset Era" has officially begun. In this historical breakdown, we analyze the death of the USD as the World Reserve Currency and what the new "Gold Standard" coming out of the East means for your wealth.
This is the beginning to the end of dollar being accepted by China and the world.
2 comments:
That confirms that China wants to decouple from the USA and is happening now.
Notice the calm on the surface, but behind closed doors the USA and the West are panicking.
All the silver said to be held in big bank vaults are just printed promissory paper notes without physical silver being held in support. China's refusal to sell its silver to the USA will soon see who is without pants in the USA financial system.
All the semblance of wealth over the decades have been created by banks using the fractional lending system and it is also used for commodities like gold and silver. Those gold and silver pieces of paper derivatives sold by banks are just legalized scams, nothing else. Which is why the wealth that we are now seeing are non-existent, just supported by thin air and nothing more than a creation of the digital age.
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