Loading ...Chinese New Year is February 16, 2018. China will refrain from launching new initiatives until after that date. But look out below.
By refusing to issue a waiver, Donald Trump has allowed the House and Senate desire to recognize Jerusalem as Israel’s capitol to come to fruition. This is the same House and Senate which had voted to allow lawyers to bleed Saudi Arabia dry for the 911 attacks that were in fact perpetrated by Israel with the aid of both the Republican and Democratic party leadership.
To balance out his insult to 1.5 billion Muslims, Trump has asked the Saudis to lift their siege on Yemen for humanitarian reasons. People are dying from starvation, cholera and diphtheria.
China has already outlined a transition from the US dollar to the SDR (the IMF’s Special Drawing Rights) as our international reserve currency. The SDR goal is to replace the dollar with a basket of currencies. Eventually, the US might have to issue a domestic dollar for the impoverished citizens of the USA which they could use only at a steep discount to buy gold or SDRs to pay for imports.
The Chinese have their own international money transfer system to replace America’s SWIFT. It is called CIPS (Cross-Border Interbank Payment System.)