BOMBSHELL: BOE’s Carney Sees Chinese Yuan As Future World Reserve Currency, And That’s Not Even The Bombshell!

Wednesday, January 9, 2019
By Paul Martin

SilverDoctors.com
January 9, 2019

The Bank of England’s Governor just dropped a truth bomb about Belt & Road building China, and then came this largely missed bombshell…

So the BOE’s Mark Carney just dropped a little truth bomb about world reserve currencies in general, and China specifically.

From Reuters:

“As the world re-orders, this disconnect between the real and financial is likely to reduce, and in the process other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the RMB,” Carney said, referring to the Chinese currency.

Of course Carney would say something like that.

Why?

China has been slowly but surely creeping-in and gaining more influence in various markets in the City of London, so it comes as no surprise the BOE’s Governor would be willing to sing the praises of China, because, you know, everybody knows bread tastes better if it’s buttered.

But let me show the quote again, and this time notice what I’ve highlighted in bold:

“As the world re-orders, this disconnect between the real and financial is likely to reduce, and in the process other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the RMB,” Carney said, referring to the Chinese currency.

Ah-ha!

Ka-Boom!

Read that bold-faced phrase one more time to let it sink in real good.

Now, let’s translate that banker-speak into actual English.

It’s ironic you know: When you have to translate English into English, that just goes to show you how bass-ackwards this world has become.

But I digress.

Back to the topic at hand.

When we translate Mark Carney’s rubbish into actual English, this is what we get:

PAPER ASSETS are coming down in price as REAL ASSETS are going up in price.

Or we could say:

OVERVALUED FINANCIAL ASSETS are about to drop in price while UNDERVALUED REAL ASSETS are about to rise in value.

The Rest…HERE

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