Ponce
3rd December 2013, 10:22 AM
Invest in your future by investing in the future of your kids by making sure that they learn Chinese..... if there is anyone out there with the skills to do it then come up with a game where the kids can learn Chinese by playing games, you will become rich and give the kids a chance to survive what is coming down the road..... "The Silk Road To China"...is the name.
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Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade (remember trade: that's how countries once upon a time would generate capital flows in a time when central banks weren't there to literally print domestic funding needs) finance usage leaving just the USD in front.
•YUAN OVERTAKES EURO IN TRADE FINANCE USAGE: SWIFT
•YUAN IS SECOND MOST-USED CURRENCY IN TRADE FINANCE: SWIFT
More from Bloomberg:
•Chinese currency had 8.66% share in letters of credit and collections, or trade finance, in Oct., Society for Worldwide Interbank Financial Telecommunications says in statement today.
•Euro’s shr in trade finance was 6.64% in Oct.
•Top 5 countries using yuan for trade finance in Oct. were China, Hong Kong, Singapore, Germany and Australia
•Yuan mkt shr in global payments was 0.84% in Oct. vs. 0.86% in Sept.
•Yuan payments value rose 1.5% in Oct. vs. 4.6% growth for all currencies: Swift
And so while the "developed" world is busy crushing its fiat through trillions in annual currency dilution and debasement in an attempt to make its exports cheaper and outtrade its peers through beggar thy neighbor policies (not to mention inflate away its debt), the leader of the "emerging" world, China, is doing just that.
================================================== =======
Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade (remember trade: that's how countries once upon a time would generate capital flows in a time when central banks weren't there to literally print domestic funding needs) finance usage leaving just the USD in front.
•YUAN OVERTAKES EURO IN TRADE FINANCE USAGE: SWIFT
•YUAN IS SECOND MOST-USED CURRENCY IN TRADE FINANCE: SWIFT
More from Bloomberg:
•Chinese currency had 8.66% share in letters of credit and collections, or trade finance, in Oct., Society for Worldwide Interbank Financial Telecommunications says in statement today.
•Euro’s shr in trade finance was 6.64% in Oct.
•Top 5 countries using yuan for trade finance in Oct. were China, Hong Kong, Singapore, Germany and Australia
•Yuan mkt shr in global payments was 0.84% in Oct. vs. 0.86% in Sept.
•Yuan payments value rose 1.5% in Oct. vs. 4.6% growth for all currencies: Swift
And so while the "developed" world is busy crushing its fiat through trillions in annual currency dilution and debasement in an attempt to make its exports cheaper and outtrade its peers through beggar thy neighbor policies (not to mention inflate away its debt), the leader of the "emerging" world, China, is doing just that.