Germany Upset with U.S., Merkel in China, signed agreements of trade.... No dollar to be used? China signs Yuan trade agreement with France and Luxembourg

Germany and Merkel are very upset with the U.S. once more over spying.  This time it has been discovered a spy for the U.S. was within Germany's Foreign Intelligence agency. 

Merkel is using some very harsh words against the U.S.  It also came at a time that Merkel is in China right now signing trade agreements with them.

"If the reports are correct it would be a serious case,"Merkel told a news conference in Beijing, standing next to
Chinese Premier Li Keqiang.

 "Germany is against that - regardless of where it comes from," Merkel said, in reference to industrial espionage."We have a duty as the state to protect our economy ... We are for the protection of intellectual property."

This year there have been many agreements signed with our closest allies of trade, dropping the dollar.  The U.K. signed an agreement with China just a couple of weeks ago, dropping the dollar. 

France just a few days ago said the dollar did not need to be used in their trade for oil 

The Chinese article is vague, as they always are regarding what currency will be used with Germany.  But just as before, you can read between the lines and figure it out as it came from Merkel's mouth.

 Merkel said that Germany is willing to make full use of intergovernmental consultations with China to deepen cooperation in the fields of innovation, joint research, market access, new urbanization , energy conservation, climate change and health services.

Germany is willing to collaborate closely with China in international and regional affairs, and to face challenges and realize common development, Merkel said, adding that Germany appreciates China's support of the EU and the euro.

Chinese and German companies signed a number of agreements for deals including buying helicopters from Germany and setting up a new automobile manufacturing base in China.

Another article has the information that Volkswagon is going to build two factories in China with an agreement just signed today.

BERLIN, July 7 German auto giant Volkswagen announced Monday that it will   build two new auto plants in its largest market of China to expand production   capacity.

Volkswagen said it had sold 20 million vehicles in China over the past 30 years   and would invest a total of 18.2 billion euros (25.25 billion U.S. dollars) between   2014 and 2018 in new plants and products together with its Chinese joint    venture   partners.

Include the fact as a linking headline article below the Merkel visit article is one titled:  Internationalization of the Renminbi.  

Now add the fact that China just signed trade agreements with France and Luxembourg using the Renminbi/Yuan and dropping the dollar. 

BEIJING, June 29 -- The People's Bank of China (PBoC), China's central bank, on Sunday announced that it has  inked two Memorandum of Understanding (MoUs) on renminbi(RMB) business with the   central banks of Luxembourg and France.

Zhou and Christian Noyer, Governor of the Banque de France, on Saturday signed a separate MoU to set up shortly a renminbi payment system in Paris.


This is just the news about China and their trade agreements with other countries, but let's not forget that Russia is doing the same thing around the world.  The dollar is being dropped fast with our closest allies. Isn't it ironic that the U.S. has spent trillions on wars in Iraq, Afghanistan and Libya due to those leaders about to drop the dollar in oil trade a few years ago?  Now, the world is dropping the dollar very fast and there is no way the U.S. can go to war against all the other countries.  Our allies have been embolden with being able to safely drop the dollar due to Russia and China taking the first steps.  The rest of the world it seems wants to leave the dollar behind.  Watch how country's credit ratings will be lowered in the near future along with the U.S. finding faults with banks around the world.

China has started their own credit rating company due to the U.S. using credit ratings for political motives.  That article is here. 

For all of us in the U.S., our way of life will change and the cost of things will skyrocket.  Our little China trinkets and items that seem so cheap now will be expensive.  At what point will all of this happen and we go Zimbawe?  The way other countries are quickly signing no dollar trade deals it may only be a couple of years or less.

The writing really is on the wall.

It really is sad to see, this once great country, appears to be being destroyed from the inside out.  I can't help but think that those who are in control are doing everything they can to destroy the country.  With the federal government bringing in as many illegals aliens as possible right now and causing chaos, it really does seem to be a systematic destruction in every form of the U.S.

I never thought or conceived  I would see the day this country being completely demolished on purpose by those we entrusted it with in D.C..

China's Yuan/Remminbi becoming Internationally Traded Currency. CME group adding the currency to Futures Exchange and settling futures in the Yuan. They see the writing on the Wall.

Well this is one of the biggest events and stories in my opinion that is launching the Chinese Yuan/Renminbi as the world's reserve currency in the not too distant future.

With Bernanke completely debasing the dollar by launching a never ending QE3 for purchase of mortgages, which is really a back door continued bail out of banks. 

The move by the Federal Reserve proves the banks are not capable of lasting on their own.  They have to have support.  That support will come from a non stop printing of new U.S. dollars.

This is going to cause inflation, that inflation will not go completely hyper (in my opinion) until the dollar is not the oil trading currency of the world.  Once the dollar is dropped as the oil currency that is when we will see unbelievable (and shocking to those not paying attention) hyperinflation.

China has been positioning itself for being the reserve currency for a few years now.  From China making deals with South American countries to trade in Yuan, to Russia and China trading in their currencies without the dollar.  Even Japan got into the fray by beginning to trade with China in Yuan and leaving the dollar behind a few months ago.   The BRIC nations have set up trading in Yuan too.  Remember the BRIC nations want to do their own Central trading bank, leaving out the World Bank from their trade money exchanges between them.

What cements the fact that China is going to have the world's reserve currency in the not too distant future?

The Yuan/Renminbi is about to be traded on the futures market in the United States starting next month and in the first quarter of 2013 in Europe on their futures exchange.

The CME group which runs the future's exchange in Chicago has added the Yuan to their exchange to be traded starting this year. 

People need to fully understand the full impact of this.  This means the writing is absolutely on the wall that the dollar is on it's way out as the reserve currency.  Even the U.S. based CME group sees the writing on the wall and has taken steps to position themselves for being part of the change and is making the way easier for the Yuan.

Portions from article linked:

Chicago-based CME Group Inc announced on Thursday that it is expanding its overall suite of yuan products by including deliverable offshore renminbi futures, answering increased demand for the currency in overseas markets.

The deliverable CNH futures will be launched and listed in Chicago in the fourth quarter of this year and in Europe in the second quarter of 2013, said the largest exchange operator in the United States.

CME's products come into play as the Hong Kong Exchanges & Clearing Ltd is scheduled next week to launch the first exchange-traded USD/CNH currency futures settled in yuan.

The announcement came as CME sees the market being "ready" for offshore renminbi futures, with regard to increasing liquidity outside China, said Julien Noble, head of CME Asia-Pacific.

He said one of the "significant developments we have witnessed is renminbi accumulation" outside the Chinese mainland, as well as broader usage in cross-border trade settlement.


"We have witnessed obviously a significant appreciation of the currency over the last several years, as well as measures taken by the central bank in expanding the band within which the renminbi is trading.

"Investors in Hong Kong as well as London with demands for risk management will be able to benefit from these contracts given on our global platform around the clock," he said.


"The major reason is in the back office process where clearing members need to be finalized in order to facilitate the settlement and clearing of these products," Noble explained, adding that the renminbi has evolved between 2006 and today in internationalization.

"The CNH contract gives CME Group the ability to handle the renminbi as a deliverable currency, and eventually the ability to use renminbi as a currency of denomination for other contracts in other asset classes, for example, commodities."

But Noble said the potential for the trading volume of these contracts would be "modest" given the fact that the internationalization is just starting.

However, Wu Xiaoling, former deputy chief of the central bank - the People's Bank of China - said the internationalization of renminbi doesn't have any "timetable" yet.

The article says a lot.  It says that the Yuan is on it's way to settling contracts in the currency for future's trading and it is on it's way to being international.

CME added a page for the Yuan/Renminbi on it's website now.

Here is the screen capture of the page:

This shows there is no confidence in the dollar anymore and it is quite interesting that the CME group announced the adding of the Yuan on the same day Bernanke announced the never ending QE3.

It has been awhile since I have said this, but I am going to say it now:

I sincerely hope people wake up and see the writing on the wall and fully realize the only way to protect themselves is in Gold and Silver!

Just look at what Gold and Silver have done this week.

If you only have a few dollars, buy Silver!

Bernanke put the final stake in the heart of the dollar yesterday.

Now... how long do we wait until we hear oil will be settled in Yuan or alternative (gold) currencies from Saudi Arabia?  It is only because of them the dollar is still the oil currency.   When will they finally change their position?  With Bernanke's announcement yesterday, I can't imagine it will take many years for them to drop the dollar.

Lets not forget that South Africa's gold mining is at a stand still at this time, which is really cutting into gold getting on the market.

 Have you paid attention?  Do you have Gold and Silver to protect yourself?

If you think Gold and Silver has risen a lot already...... You haven't seen nothing yet!