China to Diversify Foreign Currency Reserves, Dump Dollars, and Invest its $1 Trillion Elsewhere

China will soon begin to diversify its foreign currency reserves and dump dollars by the billions. As China invests its $1 trillion from trade surpluses elsewhere, other central and foreign banks will dump dollars. We holding dollars will lose much. 

China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

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[b]China’s plan to diversify foreign currency reserves is an unprecedented move away from the U.S. dollar.[/b]

The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance.

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

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The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

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The Chinese government announced the formation of a new agency to oversee investment of China’s $1 trillion in foreign currency reserves, representing a potent new force in international finance. China’s spectacular trade surplus and mighty strength as the lender of last resort to many nations including America, which owes $10 trillion in debt, are raising eyebrows as many investors are dumping dollars and buying China’s Yuan, a highly undervalued currency.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Finance Minister Jin Renqing offered no specifics about how much of the currency reserves would be made available to the investment agency. But analysts say the agency is expected to control one of the world’s biggest investment funds, and one that could singlehandedly alter the value of national currencies on a global scale. As China seeks more attractive investment earnings with its vast financial holdings and moves away from the devaluing dollar, expect the U.S. economy to take a nosedive. When it does (and already beforehand for savvy investors with sufficient foresight), watch for a run on the U.S. banks and widespread dumping of the dollar in favor of the Euro, Yuan, gold, and other safe havens.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

The Chinese government says one model for the agency was Temasek Holdings, the Singapore government’s successful investment agency, which manages an $84 billion global portfolio of investments.

China already has the world’s largest foreign exchange holdings, which is growing rapidly because of the country’s huge trade surpluses. According to the International Herald Tribune most of the reserves China now accumulates are conservatively invested in U.S. Treasury bonds and other government securities, which earn little return for China yet help to keep interest rates in the United States and other countries low.

The investment agency allows China to quickly diversify its foreign exchange holdings away from the dollar. Given the fact China and many Asian tigers loaning billions of dollars to the U.S. are disenchanted with America’s imperialistic foreign policy in Iraq, when disgust reaches its peak the dumping of dollars and non-renewing of loans to the U.S. could bankrupt the American economy.

China is ready to aggressively invest its huge trade surpluses as it seeks higher returns away from the dismal dollar. The impact of China’s emergence as a major global investor will be huge and a devastating blow to the U.S. economy as they progressively shift away from dollars in favor of more appreciating assets and higher yielding investments.

Rumor has it that China will soon begin dumping dollars by the billions. Before that happens, the American people would be wise to put their investments and protect their life savings in gold and other currencies such as the Euro and Chinese Yuan (which is greatly undervalued).

The biggest priority in these turbulent and troubling economic times is security, which the dollar no longer provides.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

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Record Foreclosures, Financial Opportunities, and Investment Strategies

[b]Record Foreclosures Across America![/b]

Beyond the immediate profits in investing in China’s Yuan (the world’s most undervalued currency for a nation who is America’s lender of last resort), the mighty Euro now used in 37% of all foreign currency exchange, and gold the monetary safe haven for centuries…

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Make money buying foreclosures

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The Mortgage Bankers Association is scratching its head wandering what to do with itself after the National Delinquency Survey released the ugly details of record breaking foreclosures sweeping across the United States. California and Florida are the leaders of the losers with the government of California itself currently seeking emergency bailout funds from the federal government as it approaches bankruptcy.

Widespread mismanagement of federal, state, and local government revenues is coming back to bite us!

Nevertheless as the delinquency rates continue to rise, there are some financially profitable investments out there. Let us not forget the old adage to “buy low and sell high”.

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Foreclosed properties are causing savvy investors to salivate across the nation. Even novices with no investment property experience are awaking to the wonderful deals and joys of leveraging other people’s money.

Many secrets to foreclosures can be easily learned, after which you too can be making tens of thousands of dollars. Working smarter rather than harder is what my dad taught me.

Foreclosure Profit Finder – a unique step by step system to profit buying foreclosures; find the ideal and most profitable homes; how to talk to sellers using our scripts; write up the contractual paperwork to tie up and secure the property; sell / assign or flip your deal to a hungry investor for cash; create a stream of income; and flip houses using our savvy investing system.

Discover how ordinary guys become wealthy from foreclosures without using their money or credit to make extraordinary profits!

Learn the foreclosure secrets only seasoned veteran real estate brokers know and refuse to share with even their friends.

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Paul F. Davis is a world-changer who has touched over 50 countries, more than 50 islands, and 6 continents empowering people throughout the earth to live their dreams!

Paul is the author of 14 books and premier life coach building dreams, breaking limitations, and transforming individuals and organizations. Paul is a change master that knows how to play with pain, while elegantly and humorously navigating through transition to ride the waves of change.

A savvy real estate investor, entrepreneur, and currency speculator Paul knows how to create opportunities and transcend turbulent economic times.

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[b]Record Foreclosures Across America![/b]

Make money buying foreclosures – https://paydotcom.com/r/28053/paulfdavis/20767128/

The Mortgage Bankers Association is scratching its head wandering what to do with itself after the National Delinquency Survey released the ugly details of record breaking foreclosures sweeping across the United States. California and Florida are the leaders of the losers with the government of California itself currently seeking emergency bailout funds from the federal government as it approaches bankruptcy.

Widespread mismanagement of federal, state, and local government revenues is coming back to bite us!

Nevertheless as the delinquency rates continue to rise, there are some financially profitable investments out there. Let us not forget the old adage to “buy low and sell high”.

https://paydotcom.com/r/28053/paulfdavis/20767128/

Foreclosed properties are causing savvy investors to salivate across the nation. Even novices with no investment property experience are awaking to the wonderful deals and joys of leveraging other people’s money.

Many secrets to foreclosures can be easily learned, after which you too can be making tens of thousands of dollars. Working smarter rather than harder is what my dad taught me.

Foreclosure Profit Finder – a unique step by step system to profit buying foreclosures; find the ideal and most profitable homes; how to talk to sellers using our scripts; write up the contractual paperwork to tie up and secure the property; sell / assign or flip your deal to a hungry investor for cash; create a stream of income; and flip houses using our savvy investing system.

Discover how ordinary guys become wealthy from foreclosures without using their money or credit to make extraordinary profits!

Learn the foreclosure secrets only seasoned veteran real estate brokers know and refuse to share with even their friends.

https://paydotcom.com/r/28053/paulfdavis/20767128/

Protect Your Savings, Learn from Foreign Central Banks and the Super Rich

In uncertain economic times as these when U.S. banks, government institutions, and the FDIC itself is nearing bankruptcy… don’t be unwise and bet on big brother to take care of you. Let’s not forget the United States of America is the world’s largest debtor nation with $10 trillion and counting amassing billions in interest daily.

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Given America’s troubling foreign policy by which it irritates and alienates many of the nations holding its debt and Treasury bills, it won’t be long before the nations of the world and OPEC say no more and opt for other currencies over the dollar.

Be discerning and diligent to guard your hard earned assets and protect your life savings. Learn from the foreign central banks governing monetary policy of nations and the super rich, who diversify their currency reserves and are increasingly adding their holdings of gold, Euros, and Chinese yuan while dumping dollars.

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Buy Gold or Euros – Dying American Dollar, Rising Euro and Gold, Crisis in U.S. Capitalism

[big]Buy gold and Euros as the American dollar dies amid a crisis in U.S. capitalism.[/big]

 

Warnings from Federal Reserve Chairman Ben Bernanke and Central Banks across the world. Turmoil and serious consequences for global financial markets. Buy gold or Euros to protect your savings.

 

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Bernanke’s fiscal policy speech to the Bank of International Settlements (BIS) on July 8, 2008 calling the U.S. economy in “turmoil” was quite revealing. Meanwhile Bernanke and Paulson reported to the media and American people the economy was fundamentally strong.

 

Bernanke told the BIS in July, 2008 it is “Unrealistic to think financial crisis can be eliminated”.

 

The euro was used in around 37% of all foreign exchange transactions in April, 2007. If you care about protecting your dollar invest in gold or Euros before inflation devours your dollar overnight.

 

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A massive 777 point drop in Wall Street stocks on September 29, 2008 is sufficient evidence of things to come.

 

If you still are not convinced and like many across America remain nieve trusting “big brother” to take care of you, think again!

 

“Despite the efforts of the Federal Reserve, the Treasury, and other agencies, global financial markets remain under extraordinary stress. Action by the Congress is urgently required to stabilize the situation and avert what otherwise could be very serious consequences for our financial markets and for our economy.”

 

Ben S Bernanke: Economic outlook when giving before the Joint Economic Committee, US Congress, Washington DC, 24 September 2008.

 

 

 

“As one banker famously said last year “As long as the music is playing, you’ve got to get up and dance”. Well, if it is the role of the central banker to take away the punch bowl just as the party gets going, perhaps the role of the supervisor is to silence the band so the bankers stop dancing.

 

Investors did not perform their own due diligence. Instead, they relied on the due diligence of originators and packagers, who lacked interest in exercising this due diligence. They also placed undue reliance on the judgments of the credit rating agencies, and the capacity of modern technology and diversification to manage financial risks.

 

What can we draw from this? The combination of excess lending with an obvious failure to adhere to fundamental and sound risk management standards not only produced significant losses in mortgage portfolios; it also tainted an asset type that was key in the broader securitisation and credit distribution process.”

 

Nout Wellink: Responding to uncertainty

Remarks by Dr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision, at the International Conference of Banking Supervisors 2008, Brussels, 24 September 2008.

 

 

 

The United States is currently in the midst of a financial crisis, the backwash of which is sweeping through the global financial system. …The most recent wave of financial turbulence is the worst so far since the original US mortgage crisis broke out.

 

Inflation means that everyone gets less for their money. Oil, electricity and food prices have risen substantially. These goods are an important part of household consumption. …these goods have become more expensive in the world market.”

 

Stefan Ingves: Financial turbulence, monetary policy and inflation

Speech by Mr Stefan Ingves, Governor of the Sveriges Riksbank, to SACO, the Swedish Confederation of Professional Associations, Stockholm, 24 September 2008.

 

 

 

 

“What I was afraid of has occurred.

 

In the USA, the shortcomings of governance in the financial system have been revealed for all to see in the crisis….  To begin with, the Fed was not so well equipped with instruments for the liquidity policy action necessitated by the subprime crisis.”

 

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As I can report from my own experience, but [b]without giving too many secrets away[/b], [i]the Eurosystem has earned a great deal of respect in the international institutions and bodies which are dealing in depth with the financial crisis[/i] and the lessons and implications to be drawn from it.”

 

Hermann Remsperger: Fundamental issues of stabilising the financial system

Keynote speech by Professor Dr Hermann Remsperger, Member of the Executive Board of the Deutsche Bundesbank, at the conference on “Determinants and implications of the financial crisis” of the Frankfurt School of Finance & Management – Bankakademie, HfB, Frankfurt am Main, 17 September 2008.

 

 

 

First, we should further step up our efforts to build a truly integrated, safe and highly competitive European financial market. The tenth anniversary of the ECB one month ago gave us the occasion to take stock of the achievements in European financial integration over the past decade. We were proud to find that significant progress has been achieved and that the introduction of the single currency has acted as a major driving force in this regard. However, as I would like to underline today, [b]further efforts are necessary to make the single financial market a reality.[/b]

 

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While financial integration is first and foremost a market-driven process, authorities can play an important supportive role in a number of ways, for instance by acting as catalysts for private sector initiatives and by reducing policy-related obstacles to cross-border finance. The Eurosystem can also provide central banking services that support the financial integration process.

 

[b]Europe is one of the major building blocks of the global economy and, as such, needs to play a very active role in fostering sound financial globalisation.[/b]

 

Responding to the global financial market correction

 

[b]Financial integration is proceeding not only within Europe, but also at the global level.[/b] Financial globalisation enables the international community to share significant benefits in terms of enhanced financial efficiency and economic growth, but it also makes the safeguarding of financial stability a more interdependent endeavour. Effectively coordinated international action aimed at addressing financial system vulnerabilities has therefore become very important, as highlighted during the ongoing financial market correction.

 

The report of the Financial Stability Forum (FSF) on Enhancing Market and Institutional Resilience has been fully endorsed by the international community and provides the main reference point for the necessary improvements.

 

Lastly, closer ongoing cooperation should be pursued not only between supervisors, but also between supervisors and central banks. Such joint work, to be pursued at all levels (nationally, regionally and globally), would in particular aim to enhance the integration of supervisors’ micro-prudential functions and central banks’ macro-prudential functions in the assessment of possible financial risks and vulnerabilities. This would make a significant contribution to raising awareness of emerging financial system imbalances at an earlier stage and devising effectively coordinated public sector action to address them. …increasingly important to ensure a comprehensive and consistent treatment of the respective financial risks.

 

Jean-Claude Trichet: Fostering sound financial globalisation – the role of Europe

Speech by Mr Jean-Claude Trichet, President of the European Central Bank, at the Paris Europlace Financial Forum “The Paris Marketplace Contribution to the Global Economy”, Paris, 2-3 July 2008.

 

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Asian Financial Markets Crumble with the U.S. Dollar

Asian markets crumble…..the Hong Kong stock market loses over 1,000 points in a single day and over 7%…..but the Euro rose.
 
Put your money in gold or Euros quick if you have a savings account.

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Paul F Davis – worldwide speaker, consultant, author, and prophet

www.PaulFDavis.com

Declining Dollar and U.S. Economy – Greenback has a Heart Attack

As the U.S. economy tanks and the dollar declines many on Wall Street and throughout global financial markets are anticipating the ultimate death of the dollar when the greenback eventually has a heart attack.

Unfortunately as Washington D.C. has shown historically, corporate bankruptcies are commonplace in periods of economic decline as fat cat CEOs leave with the dough, and taxpayers are left picking up the slack for corporate greed and ill management.

When Fannie Mae, Freddie Mac, Lehmon Brothers, and Meryll Lynch all go bankrupt rest assured the U.S. economy is dead. With a 9 trillion dollar deficit as a nation currently spending hundreds of billions of dollars needlessly to fight a war in Iraq, the United States knows no economic restraint.

Corporate bailouts and corporate welfare will only serve to further weaken the dollar and drive OPEC toward the Euro, Yen, and other currencies.  That being said as an investor and savvy consumer, the best way you can protect your money is to learn about foreign currency exchange and be far ahead of the curve before banks in your neighborhood declare bankruptcy, freeze your savings, and diminish your dollar overnight.

Go to http://paulfdavis.bathbiz2.hop.clickbank.net/?tid=MQB1FY9N and make profits trading currency. Don’t be like millions of Americans losing their hard earned savings, investments, and income to a dying dollar.

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Awake to the reality that America is not indefeatable.  If you didn’t learn this lesson yet from the terrorist attacks of 9-11, you may have to repeat the pain of ignorance and arrogance when the dollar dies and your savings & investments dwindle overnight.

Paul F Davis – worldwide speaker, prophet, and prolific author of 14 books including United States of Arrogance

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