IMF states headquarters may be in China in future . China in UK securing Trade Deals right now UPDATE Yuan Trade deal reached with UK, No U.S. Dollars

The U.S. is grasping at their waning control of the IMF, which is frustrating Christine Lagarde and other countries. 

Lagarde said the IMF needs to make reforms but the U.S. has been blocking them.  The IMF is suppose to be headquartered in the largest economy and that is going to be China in the future.  Lagarde said the U.S. is blocking China, India and Brazil who are coming up strong from having a voice in the IMF.

The International Monetary Fund's headquarters may one day move from Washington to Beijing, aligning with China's growing influence in the world economy, the fund's managing director Christine   Lagarde said early this month.

Lagarde also pointed out that the U.S. government is an "outlier" among the G20 in  refusing to approve IMF reform, and the IMF was trying to give emerging economies like China and Brazil a bigger voice through reform.

According to Lagarde, on the part of countries like China, Brazil, and India, there is  frustration with the lack of progress in reforming the IMF by refusing to adopt the quota  reform that would give emerging economies a bigger voice, a bigger vote, and a bigger  share in the institution. “I share that frustration immensely,” she said.

 The U.S. is the only member with control weight in the voting; meaning that any major reform must be approved by the United States.

Now with Lagarde who is head of the IMF even saying the U.S. has waning influence besides saying the headquarters will most likely be in Bejing, that shows the writing is on the wall for the U.S. 



Not just that.  It appears that China is now making deals with Britain.  The Premier of China is there today on official business.  I have read these type statements before in the Chinese news websites.  They don't say it directly but it typically means, they are securing deals in trade eliminating the U.S. dollar.  Just read between the lines. 

China, for its part, has a huge market, large foreign exchange reserves and a   competitive manufacturing sector, Li said, pointing out that the complementary  strengths of the two countries mean they have many areas for collaboration.

"We look forward to stronger cooperation in finance, infrastructure construction, among others, andmore robust exchanges in research, education, and culture," Li said. "We look forward to win-winengagements."

UPDATE 6/19/14 - China reached a Yuan trade deal with the UK.  U.S. dollar bypass. 
Just as I thought and read between the lines in the Chinese article.  The UK has reached a trade deal with China where the U.S. dollar will not be used.

While four other nations had already signed such accords withChina, the U.K.’s deal yesterday made it the first European country to do so. London has been competing with cities includingFrankfurt to become Europe’s offshore yuan hub. Direct trading of the yuan-pound pair is scheduled to start today.
“Given the sheer pace and scale of growth in renminbi trade, the opportunity for London cannot be overstated,” Peter Sands, group chief executive at Standard Chartered Plc in London, said by e-mail yesterday. “The appointment of an official clearer is a logical step in London’s development as a leading offshore renminbi center.”

It appears those that had never dared stepped on the U.S. toes previously are not worried about it now.  There must be much more going on that we as the public are not aware of.  
 This is saying the U.S. is going downhill where as other countries are becoming the leaders and more financially stable and prosperous.  

I can only imagine how upset those in the top tier of the U.S. government were upset at Lagarde making this admission in the public and if our closest ally is securing trade with China, without the dollar possibly.  

I don't believe a single media outlet in the U.S. will relay this statement and information to the public.  This is not something CNBC will broadcast. 

China will be the largest economy in the world very soon.  Why does the U.S. continue to piss them off?  China has been turning away from the dollar in their trade.  They have a very tight relationship with Russia now.  We all know what is happening with our relationship with Russia.  

The writing is on the wall and now even those organizations that the U.S. has had the most influence with are frustrated due to the U.S. grasping at the melting straws. 

Fox News reveals IMF wants a $1.40 tax more per gallon in U.S, for world 'climate control' - Mentions same thing Jim Willie wrote about "West dying, East Rising"

The IMF wants to tax the U.S. citizens $1.40 per gallon for 'the climate'. Fox News had Charles Payne on the show to talk about it.

What is amazing he was able to get some truth out, in the fact that the West is being left behind. He said the East is rising up and doing excellent.

This goes in exactly with what Jim Willie wrote about on 3/29/13 and gave a lot of information of what the East is doing and how they are rising up and the U.S. and Europe is dying.  Jim put a lot of detail of what is happening and how in his article.

I highly advise everyone to read it to have a better understanding of what is happening and will happen. I was able to interview Jim on 3/26/13 about Cyprus and the Eurasian Trade.  Here is the first paragraph of Jim's article on Goldseek:

An unstoppable sequence of events has been put into motion finally. The pressure has been building for months. Some themes are plainly evident, except to those who wear rose colored glasses in the US Dome of Perception. The USTreasury Bond will be brought home to the US and British banks, where it will choke its bankers, then be devalued for survival reasons, after a painful isolation. The Chinese and Russians will conspire to finance the Eurasian Trade Zone corridor foundation with USTBonds, held in reserve, put to usage. The British will play a very unusual role, selling out the United States in order to be squires to the Eastern Duo. The process has begun; it cannot be stopped. The events are already being grossly misinterpreted and minimized in the US press, where devoted lapdogs, artistic swindlers, and creative writers prevail. The Paradigm Shift eastward is showing its next face, with a truly massive trade zone for cooperation and reduced cost overhead as the giant foundation. The Untied States for all of its past hegemony and devious manipulations and vicious attacks, will be excluded. The British will assist in the exclusion in order to avoid the Third World themselves. The following blueprint is the result of years of planning, with steady information and hints and confirmations by at least two Hat Trick Letter sources. The sunset of the USDollar has a blueprint. As a personal embroidery, let me state that this article is the most important the Jackass has ever written. Let it be taken seriously for its grave somber message.

Here is the video segment, revealing the IMF wants a gas tax and how the East is rising and flourishing while the West is dying.   They obviously are going to suck money from the people anyway they can, from stealing right out of the bank accounts to taxing us in every way.

Germany: Warns Cyprus Banks may never reopen without Euro bailout. Putin most Powerful Man in the World right now. Euro Zone will be decided by Russia.

UPDATE - 3/21/13 -   Russian PM Medvedev - Moscow no warning of Cyprus Levy - Threatens reducing Euro holdings and going Gold! 

Here is what we do know about Cyprus/Euro Zone/Russia.

The ECB, IMF and the Euro Zone Financial ministers had made the condition of the bail out for Cyprus with the bank deposit levy being enacted in Cyprus.   They knew full well the largest amount of money in the banks was Russian mafia/mob dirty money being laundered which they were attempting to grab.

The whole money stealing scheme went terribly wrong.  They did not expect it to back fire on them.  They have let the world see, they are willing to steal everyone's money in the banks for their own good.  They have revealed they are blood sucking people who will do anything to save their own asses and keep their little group together at the cost of all the people in the world.  The have shown that no one's money is safe in any bank no matter the country as they can make demands upon it.   The only reason the Cyprus people did not get their money stolen from them was due to the Russians.

No doubt due to many phone calls from the Russians (mob/mafia) that had money in the bank to the parliament members, letting them know what would happen to them and their families if they voted to steal billions from them in the banks.  The parliament members thought it best to go against the wishes of the Euro Zone and vote "No" on the levy of deposits.

But it appears the Russians were warned in the first place along with government and bank employees, as billions had fled the banks just days before the surprise announcement of the levy last Friday from those groups.   Even though there was inside information, they could not get all their money out before the levy announcement and the banks closed.

Russia is sending Naval ships for permanent deployment in the area now.  Putin has been very vocal, saying it was an unfair and dangerous for Cyprus to levy the bank deposits.   There are gas fields in Cyprus waters that Russia would like to get their hands on.

The Euro Zone caused Putin to become the most Powerful man in the world right now, in my opinion.  The Euro Zone's future lays completely in Putin's hands at this time.   I am sure they did not mean to do that and the whole money stealing scheme went so terribly wrong for them, they ended up giving the balance of power to Russia.   Remember, Russia and China are cozy with each other and they trade between themselves without using the dollar, as they swap currencies now.    China has stayed out of the bailing out of the Euro in the past, but how much skin do they have in the game?


The German Finance minister has warned the Cyprus banks may never reopen again if Cyprus does not get a bail out from the Euro Zone.

Germany's finance minister has warned Cyprus that its crisis-stricken banks may never be able to reopen if it rejects the terms of a bailout.
Wolfgang Schaeuble said major Cypriot banks were "insolvent if there are no emergency funds".

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UPDATE 12:25 PM est - Cyprus banks will not reopen until next Tuesday at the earliest.  When they do reopen, 'Capital Controls' may be in place.
I wonder how the Russians feel about not being able to get their money and afterwards only being allowed to a small part of it each day?  The Cyprus banks and parliament is in quite a predicament. They have the Euro Zone on one side and the Russian mafia on the other.  I sure wouldn't want to be a politician in Cyprus right now.  I am sure many of the parliament members wish they were not at this time either.  
_____________________________________________________________________________

The Finance minister for Cyprus tried to resign and instead is up in Russia right now, having discussions about Cyprus and Russia's future together.

Russia at the moment has won the poker hand against the Euro Zone.  Their hand was called and Russia ended up having a Full House compared to EZ's straight.  The game is still being played so we don't know who will actually walk away winning and if Russia has a Royal Flush to win it all.  I would bet any Russian hands played against the Euro zone will have to have China's approval too.

Even the small country of Cyprus leaving the Euro would be a major blow, with the house of cards falling down.  At all cost the Euro Zone can not allow that to happen.

Nigel Farage told everyone to get their money out of the banks, yesterday and the Euro Zone would do anything to keep their currency going, including stealing everyone's money.

Here are my questions and what we don't know at this moment:

Will Russia completely bail out Cyprus and be their 'savior' by making agreements with them for their gas fields and a Naval port, thus giving them the money they need for their banks to reopen?


Does Russia want Cyprus to stay in the Euro?  Is it to Russia's advantage to have Cyprus stay with the Euro Zone or would it be better for them to go back to their previous currency (pound)?


Could Russia get their ultimate revenge upon the Euro Zone, who wanted to steal their money by the billions from their bank accounts and help Cyprus leave the Euro Zone and once that happens the Euro Zone collapses?


Would Russia benefit from a Euro Zone collapse or do they benefit more from the Euro Zone staying together?


What are China's thoughts on the Euro's future, how much do they have invested in that future?
One thing I have noticed: not one Chinese online news site has mentioned Cyprus this week, which I have found very odd.


The status of the Euro has now just been handed to Russia and it will actually be Putin's and Russia's decision of what happens.   Putin can thank all the Euro Zone ministers, including Merkel and Bernanke for making him the most powerful man in the world, in my opinion.

Think about it.... Russia/Putin can literally take down the Western Banking world at this point.  Do they push Cyprus to leave the Euro Zone and finance them or help them stay in the Euro?  House of cards fall for the bankers if they leave. 

What I have read is, once you have crossed the Russian Mob, they will get their revenge no matter what, even if it is years away.  They continue their revenge handed down for generations.


The Poker game is continuing.  Who will blink now?  Who holds the strongest cards? I know if I was betting on the game who I would be backing.

Here is an interview that Jim Willie (Hat Trick letter and Golden Jackass) just did on the 13th of March.  He said the Euro Zone would blow from a small to medium bank going under at around the 25 min mark .  Must listen to interview.  He has hit it on the head and has gotten the prediction completely correct!





Update 3/21/13 - Germans have a Naval Port agreement in Cyprus that can be broken with 3 months notice by Cyprus.  Russians want it. 

UPDATE 3/26/13 - Jim Willie Interview about Cyprus and inside information

IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

The IMF has confirmed the Yuan/Renminbi is set to become a Global Reserve Currency at an Economic Forum in Hong Kong.

With China's economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong Kong.

Yesterday I wrote about the crossborder loans China was doing, before the Yuan becomes a Reserve Currency, their saying the "unloved dollar' and the amount of gold they are importing.  Besides the rumors of them backing their currency by gold.

David Morgan of the Morgan Report and Silver-Investor.com did an interview with me about the subject, Germany's gold and the Silver shortage/manipulation.

David mentioned that things take time to happen and as I add on the third part of the interview is that it already has been years and maybe the situation will start going faster.

It seems to me with the Yuan being called a Global Reserve currency now even by China itself, they have laid out the ground work for changes to be made in a short amount of time.  China does not reveal their hand until everything is already said and done.   Considering the dollar has been the only "Global Reserve" currency for decades but this month the Yuan is becoming attached with that name.

The dollar demise has been talked about for years now.  Many had been saying "anytime" but it has been long and drawn out.  China is very smart as they take their time and put everything in place before they reveal or make their big moves.   Has the time now come?

The Premier of China had gone to Saudi Arabi and Dubai a year ago.  He stayed a week there having meetings and making agreements.

Premier Wen Jiabao and the ruler of Sharjah, Sultan bin Mohammed al-Qassimi,attend the Arab-China Business Conference in the Gulf emirate on Wednesday. [Photo / AFP]

  SHARJAH, UAE - China signed economic and trade agreements worth 100 billion yuan ($16billion) with Saudi Arabia and the United Arab Emirates (UAE) as Premier Wen Jiabao wrappedup a six-day visit to the Middle East on Thursday.

The first currency swap agreement with Arab nations, worth 35 billion yuan, was also signed inAbu Dhabi, Wen told the Fourth Arab-China Business Conference in Sharjah on Wednesday.

Are those agreements now coming into fruition?   Is Saudi Arabi ready to be one of the last Middle Eastern countries to trade in something other than the "Petrol Dollar?"  If Saudi Arabia begins oil trade in something other than the dollar, then it really is game over for the dollar as the Global Reserve Currency and any strength it now has.   It only has strength because all of the other countries are devaluing their currencies against the dollar for trade.  With the Fed printing the dollar non-stop, currency wars are raging, no one wants to have the strong currency due to trade and their products being un-affordable to other countries.

But once the dollar is no longer a worry or concern for trade then all the other countries will be able to stop their currency devaluations against the dollar because a new Global Currency backed by Gold will be the hero of the world.   The only country that will be left all to itself with their inflating currency will be the United States.

It seems the proximity of this occurrence is now much closer with both the IMF and China itself using the words "Global Reserve Currency" for the Yuan.


UPDATE 1/31/13 - Here is the link to my interview with Bill Murphy the founder of GATA and lemetropolecafe about it all today.  

Got Metals? IMF failed to Stop Currency War - Countries Plan on Devaluing their Currency! Gosh Watch Gold and Silver I am sure their response will be Interesting, to say the least!

2ND UPDATE 10/10/10 

Another article is out about the G20 not able to resolve the currency wars that is commencing... Very interesting statement made - in the article:

Portion:

Policy makers seemed to be trying to diminish concerns about currency wars,” said Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. in New York. “There did not seem any commitment to change behavior, however. There is little to suggest that the dollar’s direction is anything but down.”

Wow, can't believe they allowed that to be printed, due to that being contrary to what the U.S. government and Fed and Treasury keep saying!

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Well it seems a full blown currency war may commence soon.  IMF failed to get countries around the world to see the light and not start one.  They totally Struck out!  All the countries want to stay competitive in exports of their goods.

I have ONE QUESTION FOR YOU...................................... GOT GOLD AND SILVER?

Article:

IMF efforts to intervene in the global currency war just struck out, according to breaking news from the AP.

The annual meeting in DC ended with no compromise or resolution, only a communique that pledged to "deepen" its work in the area of currency movements, including conducting studies on the issue.

This note essentially papered-over sharp differences between China and the US, according to the AP.

Here are some of the punches thrown earlier:

• China's Xinhua accused the US of being the currency manipulator and threatening the global recovery
• Canada's finance minister said China's policy was "dangerous because it leads to a crescendo of activities that are protectionist"
• And last night, Brazil's finance minister repeated warnings of a global currency war.

What happens next? The stage is set for quantitative easing in the US; China seems likely to respond; and the rest of the world will follow along.

UPDATE ARTICLE - 10/10/10 -

Finance Leaders from Around the World Call IMF to help with Currency Wars



Very small portion of article:

Developing economies that compose the Group of 24 this week said low interest rates in the advanced world have left them vulnerable to exchange rate appreciation and overheating. Brazil has already stepped up intervention in the currency market in a bid to prevent its currency, the real, from rallying. Polish central bank governor Marek Belka said capital inflows have the potential to “derail monetary policy.”

Chinese officials said they will stick to a gradual rise in the yuan’s value to avoid social turmoil.

“We are committed to a more flexible exchange regime,” People’s Bank of China Deputy Governor Yi Gang told reporters in Washington yesterday. “A more flexible, market-based, managed floating regime is better for China and is better for the rest of the world. But the approach is probably a gradual one.”

“It’s very unlikely that China will come on board because they already feel they’re unfairly singled out,” said Prasad, who used to head of the China division at the IMF.