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 and Australia to Hasten FTA (Free Trade) negotiation. Wants an agreement quickly. Sydney to be an Official Yuan trading exchange.

China and Australia have been in FTA (Free Trade Agreement) negotiations since 2005.  Now China  and Australia are rushing and get an agreement set between them.  

China has signed FTA agreements with 31 countries so far.  There are 18 trade zones.  They have been expanding the use of Yuan with those agreements.  The U.S. dollar used to be the currency traded between every country for all goods.  That is why the U.S. dollar had always been in demand and accepted everywhere.

Portion from the signed agreements link above:

Among the current batch of agreements, China has signed 12 free trade agreements (FTA)with countries and regions including the ASEAN, Singapore, Pakistan, New Zealand, and Chile, a Closer Economic Partnership Arrangement (CEPA) between the Mainland and Hong Kong, and an Economic Cooperation Framework Agreement (ECFA) between the Mainland and Taiwan. With the exception of the FTAs between China and Iceland and China and Switzerland, which have not yet become effective, the other ten FTAs have been implemented.

To understand what China has been doing since 2008, here is an article from 2009 how China began expanding the accepting of Yuan in trade and agreements they made.  Since then China has set up Yuan exchanges and has been trading without the U.S. dollar involved.    I have written about China's agreements with Brazil and all the other BRICS and the dropping of the U.S. dollar between them.   Last Year BRICS formed an emergency currency exchange between them.   Last year, they did a cross border loan exchange before the RMB became international.   In 2012, BRICS signed a local currency exchange agreement. 

China has been discussing with Australia a FTA but has never gotten anything worked out between them.  But now both are wanting to rush an agreement between them.  Why is that?  What do they know that we don't?

I believe it comes to what is happening with Russia and Ukraine.   I believe China and Australia knows the U.S. dollar is going to be imploding soon when Russia completely drops it in trading.  After Russia drops the dollar, those countries that were too fearful of the wrath of the U.S. (they saw what happened to Iraq, Libya, tried on Syria) from an invasion and destruction of the country, if one dared dropped the dollar.  We will see many countries trading with Russia, including Europe (if they want gas) through Gold, Ruble or maybe even the Yuan for goods/energy.

From link:  Notice almost every sentence has something about 'rushing, hurried, as soon as possible'.


China and Australia on Saturday voiced hope to hasten negotiations on a Free Trade Agreement (FTA) and strike a deal as soon as possible.


"It is a common aspiration of businessmen from both countries and also an important consensus reached by leaders of the two countries to speed up the FTA negotiations," Wang said.

Wang called on both governments to meet halfway and show flexibility in the FTA negotiations to make tangible progress at an early date.

For his part, Abbott said development of economic and trade relations between Australia and China had moved rapidly in recent years and he expected an FTA deal at the earliest possible opportunity.


Right there... the words being used says a LOT!  The article does not mention a currency that would be used.  But all you have to do is read this article out on April 11 2014 about Sydney becoming an official offshore trading exchanged for the Yuan.

Portion from above article:

CANBERRA, April 11 (Xinhua) -- Australia and China have agreed to enhance offshore market development of the Renminbi (RMB) and the central banks of both countries are working together on potential future clearing and settlement arrangements in Sydney, Treasurer Joe Hockey said in a press release on Friday.

Once the arrangements are finalised, it will place Sydney alongside Hong Kong, Singapore and Taiwan as an official trading hub for the yuan, the Australian Financial Review reported.

"Australia is at the forefront of countries working with China to support international use of the RMB," Hockey said, " Australian banks and their Chinese counterparts have worked hard to promote direct trading of the two currencies."

Monthly trading volumes have increased more than seven-fold in the past year to 2.4 billion U.S. dollars from 324 million U.S. dollars equivalent before direct trading.

Last April during then Prime Minister Julie Gillard's visit to China, both countries announced a direct exchange between the Aussie dollar and the Renminbi.The Australian dollar has become the fourth most traded currency on China's Foreign Exchange Trading System and "there is significant potential for this market to grow", said the treasurer.

With all of this information above. Those who are paying attention know something is happening with the U.S. dollar and it is not good. The rush to get an FTA agreement between Australia and China, with China, Australia opening up an international currency exchange in Sydney proves the writing is on the wall for the U.S. dollar.

The only questions left are: How much longer does the dollar have? How soon will Russia, China, Middle East, and Australia drop the dollar completely for trade between them?