Lindsey Williams: How To Know When The Economy Will Collapse. “Currency Wars with China”
October 19th, 2013
China’s foreign reserves surge, are currency wars back
China’s foreign exchange reserves saw their biggest quarterly increase since the second quarter of 2011, with experts noting that affairs in the U.S. are complicating China’s constant need to wrestle control of its currency.
The country’s stash of foreign exchange reserves rose to $3.66 trillion in the three months to the end of September, from $3.5 trillion in the three-month period ending in June. This $160 billion jump signals central bank intervention aimed at slowing gains in the yuan, which is currently trading at record highs against the dollar.
“This was the fifth largest quarterly increase on record,” Simon Derrick, the chief currency strategist at Bank of New York Mellon told CNBC. “In other words, this was a return to the sort of conditions that prevailed during the height of the currency war in late 2010/early 2011.”
(Read more: Yuan moves one step closer to global currency status)
Manipulating reserve levels can enable a country’s central bank to intervene against currency fluctuations. Along with altering benchmark interest rates and quantitative easing there have been ongoing discussions in the last few years that countries are purposefully debasing their own countries to improve competitiveness – a concern that has been given the moniker “currency wars”.
George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order
George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire “philanthropist” who came to be known as “the Man Who Broke the Bank of England” when he raked in a staggering one billion dollars during the 1992 “Black Wednesday” currency crisis. These days Soros is most famous for being perhaps the most “politically active” (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately $600 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few “revolutions” around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.
So exactly what is it that George Soros is trying to accomplish? Well, in a nutshell, what he wants is a Big Brother-style one world government based on extreme European-style socialism, strict population control and the radical green agenda. It would be a world where the state tightly regulates everything that we do for the greater benefit of the environment and of society as a whole.
The Seven Steps of Collapse
Soros is known as the man who broke the Bank of England. The prime minister of Malaysia called Soros an “unscrupulous profiteer.” In Thailand, he was branded an “economic war criminal.” They also said that he sucks the blood from people.
In 1994, George Soros stated: “Just right that the former Soviet Empire is now called the Soros Empire.”
The following are George Soros’ seven steps for bringing down a regime and causing a currency collapse:
Step One: Form a shadow government using humanitarian aid as cover.
Step Two: Control the airwaves. Fund existing radio and TV outlets and take control over them or start your own outlets.
Step Three: Destabilize the state, weaken the government and build an anti-government kind of feeling in the country. You exploit an economic crisis or take advantage of an existing crisis — pressure from the top and the bottom. This will allow you to weaken the government and build anti-government public sentiment.
Step Four: Sow unrest.
Step Five: Provoke an election crisis. You wait for an election and during the election, you cry voter fraud.
Step Six: Take power. You stage massive demonstrations, civil disobedience, sit-ins, general strikes and you encourage activism. You promote voter fraud and tell followers what to do through your radio and television stations. Incitement and violence are conducted at this stage.
Step Seven: Outlast your opponent.
China Moves To Replace The U.S. With the Euro As The World’s Reserve Currency. Now you know what is really going on! Its Over!
China Moves To Replace The U.S. Dollar As The World’s Reserve Currency…
China is setting the stage to become the new world reserve currency. As Obama crushes the United States with Debt, China makes a move to Internationalize their currency for world trade and lending purposes.