HISTORIC imf action: chinese yuan joins reserve currencies

[cheka.]

peak oil, currency war suckers take another huge header. zio schmucks fooled again..

BIG BIG NEWS that china is revealed as full partner (NOT competitor)
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http://www.wsj.com/articles/imf-move-to-give-yuan-reserve-status-likely-to-boost-china-assets-1447608676

The International Monetary Fund’s decision to bestow reserve-currency status on China’s yuan marks a major economic milestone for the emerging world power that will likely accelerate global demand for Chinese assets.

By adding the yuan to the basket of elite currencies comprising the IMF’s lending instrument—the dollar, yen, euro and pound—the global powers that govern the fund will be acknowledging the strength and international reach of the world’s No. 2 economy.
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act now and demand a refund from jim rickards and every other 'currency war' pushing dumbass

delete every post that embarrasses you

CHINA IS PARTNER, NOT ADVERSARY.....THERE IS NO BETTER PROOF

been pounding the table on this to anyone/everyone.....yet never gained any ground. how you like me now, bitches?



would be nice if the pigmen could get some media distraction when the cards are shown...

cough cough...

france fflag

cough cough...

missouri hoax

[vacuum]

While not a freely traded currency, the SDR is important as an international reserve asset, and because the IMF issues its crisis loans -- crucial to struggling economies like Greece -- valued in SDRs.

It's for use in IMF loans, not for use in trade.

I don't see how bailing out countries is something we want to have a monopoly on. We want other people to bail them out, presumably so they can keep using our dollars for trade.

Furthermore, China had to make concessions on the control they have over their currency in order for them to be accepted to be added as a reserve currency for the IMF.

I'm not saying this isn't important, but I don't see how it dismisses the idea of currency wars.

[cheka.]

It's for use in IMF loans, not for use in trade.

I don't see how bailing out countries is something we want to have a monopoly on. We want other people to bail them out, presumably so they can keep using our dollars for trade.

Furthermore, China had to make concessions on the control they have over their currency in order for them to be accepted to be added as a reserve currency for the IMF.

I'm not saying this isn't important, but I don't see how it dismisses the idea of currency wars.

not many do - hence the millions of books sold

they just can't understand that the banksters are one team....have no national allegiance to where they work/live

if this announcement doesn't wake them up, i dont know what will

[mick silver]

can I go to the coin shop and buy silver with the yuan

[monty]

can I go he coin shop and buy silver with the yuan

Depends. Will the coin shop owner accept yuan?

[cheka.]

imf just turned china currency from silver to gold? can it not serve as top tier collateral now? all the talk about about collateral shortages because limited amounts of US treasury bonds? aren't treasury bonds the base of the leverage pyramid? is this an expansion of that base?

china has been jumping through hoops to get this upgrade....then got turned down.....then it devalued.....then got bombed.....now got in? strange progression


i can now choose between china bonds or US bonds to build off of. this should create demand for china bonds....and could reduce demand for US bonds (interest rates start moving up?). looks like a HUGE win for china being able to sell its debt into a market (top tier) where it was not previously allowed

only a fool could still think 'currency war' after this blessing by nyc/dc/imf

[mick silver]

now now are you saying that someone bomb them

[Neuro]

It's for use in IMF loans, not for use in trade.

I don't see how bailing out countries is something we want to have a monopoly on. We want other people to bail them out, presumably so they can keep using our dollars for trade.

Furthermore, China had to make concessions on the control they have over their currency in order for them to be accepted to be added as a reserve currency for the IMF.

I'm not saying this isn't important, but I don't see how it dismisses the idea of currency wars.
I think IMF as it sees Chinese economy grow in leaps wants a piece of the pie. China wants greater international recognition for their currency, and they want a hand in the arm twisting of lesser countries and first dibs in the privatization of the national fortunes. A marriage in heaven/hell depending how you look at it...

[cheka.]

I think IMF as it sees Chinese economy grow in leaps wants a piece of the pie. China wants greater international recognition for their currency, and they want a hand in the arm twisting of lesser countries and first dibs in the privatization of the national fortunes. A marriage in heaven/hell depending how you look at it...

opened up a new market for chinese bonds, one that is constantly rumored to be in shortage.....driving US bond yields to nosebleed prices

what happens when this new supply of top tier hits that market? yields rise in US, drop in china? frbny stands back and lets catastrophe...or they increase qe-mania to keep repression rolling along?