Currency Crisis...Majority Are Not Ready For The Dollar Demise...!
Insider Resources that are reliable, trustworthy, and close enough to the problem to know, predict that as soon as September 13, 2015, and not later than on or around October 20th, 2015, we'll see an announcement from one of the most powerful financial organizations on earth in conjunction with China...that will absolutely have negative effects worldwide, and expecially for Americans, unlike anything we've seen in 35 years.
This announcement will cause a shift in the international currency markets on a scale we may never see again in our lifetime. Billions of dollars will absolutely change hands, or in most cases...evaporate, in a single morning.
What does that mean for everyday Americans?
Well, for anyone who has their savings or investments priced in U.S. dollars, let me tell you what is believed to be a certainty that is coming to America not later than October will be incredibly important. It is predicted it'll trigger one of the biggest transfers of wealth in decades. This is something you'll tell your grandchildren about, much like our grandparents and parents told of the nightmare of surviving the depression.
You absolutely must be prepared, and understand what's about to happen, and if you the reader do not take notice, you will be so far out on the outside wondering what happened that life (what ever is left of it) will never be the same again. This article today is to try to shake the readers into become an insider, preparing, and even then, may not have time enough to get as prepared as need to be. But it will be far better to be and insider of means, than an outsider with no hope.
If you own stocks, bonds, real estate, or even just cash in a bank account...I promise you, this upcoming announcement could be literally a once-in-a-generation opportunity to be in the right place at the right time, or your worst nightmare with total losses. You are going to either explode wealth, or lose it all. And there will be plenty of us that will do very well...as we deserve to be by getting prepared. What is meant by that, exactly?
It means there's a chance to make a LOT of money on this thing. If you know what's likely to come in October, gains of 500% to 1,000% are within reach in the years to come.
NOW, its all going to boil down to one organization: the IMF, and one country...China.
Insider Resources know that The International Monetary Fund is going to make a huge announcement that will radically alter the financial markets. It'll cause some assets to soar and others to crash. It'll start a domino effect that will essentially determine who in America gets rich in the years to come...and who struggles.
So just to be clear, we are not talking about inflation, interest rates, unemployment figures... or any of that stuff. Insiders are talking about something that will move more money, more wealth, more quickly than anything we have seen personally seen in decades in the financial world.
And that's because what's happening in will cause a major potential shift in the world CURRENCY markets. What you have to realize is that the currency market is the world's largest and most vital marketplace. It's much, much bigger than the stock market.
Wait a minute, why would a move in the currency market have any real importance? Usually that stuff only affects big banks or traders...or, I don't know, people living overseas...doesn't it? No.
The currency market is almost 200 times bigger than the stock market. 200 times bigger. Let me tell you... When something big happens to the currency market, it affects absolutely everybody worldwide. We saw that week after week with Spain Greece, and last week, China.
In October, it is believed the IMF's currency announcement will trigger dramatic changes for anyone holding U.S. dollars. Whether you like it or not. Have you seen this story in the press? No, and until there is a catastrophe, you will not. The mainstream either can't, or won't report it. "The Time LIne News" is your front line news blog for conveying what reliable Insider Resources are confirming.
That's the remarkable thing about it. Hardly anyone's talking about this. When we were first notified by our Insider Resources, we started investigating this story, and I saw one small article on the back pages of Bloomberg, and another short piece that was practically buried in the Wall Street Journal. That's it. But that's already changing. I'm seeing more and more about it every day. But most investors still don't understand the consequences, and certainly are far from being prepared. And that's why, as the "currency crisis" deadline nears, I predict this story will explode. Just look what happened back in January, in Switzerland.
I am talking about the currency crisis with the Swiss Franc. Most Americans don't know this... but on January 15th, 2015, around 9:30 in the morning, with basically NO WARNING whatsoever, the Swiss central bank announced they were depegging their nation's currency. Remember, until that moment, the value of the Swiss Franc was tied to the Euro. Which meant the Franc was considered to be very safe. It had very low interest rates, so traders around the world could borrow with it. But all that changed on January 15th. It changed overnight, and it absolutely clobbered people who weren't prepared.
In a matter of hours, the Swiss Franc soared as high as 40%... which caused investors to dump Swiss stocks left and right, because the Franc was too expensive. I'm talking about quality stocks like Nestle, Credit Suisse, Cartier. Billions were wiped off the Swiss stock market in what was the largest one-day drop in almost 30 years. Now that's taxation without representation at its worst.
And now a similar situation will soon unfold with the U.S. dollar, in the immediate aftermath of an announcement from the IMF.
Those guys only get together twice a decade to talk about this type of currency shift, and what they're announcing will literally redefine the landscape of modern finance. Just to give you a taste, when the Swiss Franc was depegged back in January, literally millions of middle-class Europeans outside of Switzerland lost there fortune, because they'd borrowed money in Swiss Francs. So all of a sudden without warning, overnight they owed 40% more than they did the day before. It was a nightmare. Remember hearing about that and the riots at the currency exchange centers, the banks, and the government institutions? No, of course not. It would go unnoticed by every American, whom could not possibly care about something that was not directly effecting them personally.
But without notice, withing minutes of the announcement, there were riots in Switzerland, while people all along the Swiss border, realizing there was an incredible arbitrage opportunity, jumped into action. They flooded the local currency exchange centers to get Euros. I mean there were two-hour lines at currency kiosks. Some Swiss ATMs didn't even have enough Euros to dispense. I remember that as it made the Wall Street Journal.
After the fact of course, the story made headlines when it was too late, just like it is going to be soon here in America. You didn't, and you won't, see a paper like the Wall Street Journal, USA Today, or The New York Times even predict it, least wise actually report it is coming. The mainstream media either doesn't, can't, or won't even see this kind of thing coming, and they're are incapable of giving people any warning. Which is why The Time Line News has been pounding the table about the coming financial storm.
If a currency as minor, but far more stable than the dollar, as the Swiss Franc can rattle millions of people in Europe, you can just imagine what would happen if a big currency like the U.S. dollar goes through a change. Meaning as an example, when the chief executive of Swatch, the Swiss watchmaker, said that depegging the Franc was literally a tsunami for the export industry, and the entire country, that was an empact that shook their wealth to the foundations.
Mortgage payments shot up more than $240 in a single week. Bread quadrupled. Then became unavailable at any price. The So Swiss citizens were essentially blind-sided by this out-of-the-blue announcement. They had no way of preparing.
I mean the average Swiss citizen didn't think twice about the Franc. The way people right here in the U.S. don't really think about the value of the U.S. dollar. Why should we? Everything we own is priced in dollars, and everything we buy is priced in dollars.
That's why I can say, "if you understand and know how to position yourself for what's coming to the dollar, almost NO other decision you make with your money will matter". I know, that's a bold statement. Why say it?
Well, you have to realize the Swiss Franc is like a speck of dirt compared to the worldwide importance and use of the U.S. dollar. If the recent shift in the Swiss Franc affected an entire country, just imagine what the ramifications will be in less than 60 days. Government and public debt in the U.S. is about 100 times more than that of Switzerland. And there are over $1 trillion dollars of physical U.S. currency in the world, which is about 3,000 TIMES more than the circulation of Swiss Francs. I bet youdidn't realize that.
So, what I'm saying is that the IMF announcement coming up in a matter of weeks will directly affect the global use of U.S. dollars.
This won't be something that only hedge funds or international bankers feel. A swift movement in the dollar will affect nearly everyone in the world and Americans most of all. And that's because so many U.S. dollars are in circulation, compared to any other currency. Not to mention how much more dollar-denominated debt there is, and things that are priced in U.S. dollars.
Let's get something straight here for a second as to what's going to happen and what's the IMF going to announce?
It all comes down to one thing: The reserve currency system.You see, the International Monetary Fund is like a club of bankers from all over the world who regulate the international monetary system. And in particular, they exert the rare power to control what's known as the world's "reserve currencies." But, most people believe there's only one single reserve currency in the world. But there are actually SEVEN major different reserve currencies right now. And that brings me to the heart of this upcoming announcement from the IMF.
You see, reserve currencies are the most important financial instrument in the world. It's what Governments use to pay their debts and diversify their savings and investments. Any change to the world's "reserve currencies" has repercussions felt around the world, putting literally hundreds of billions of dollars into motion, in a matter of minutes. And the the IMF is going to announce one of two directives that it intends to impose on the world, and the consequences of either choice will be shattering.
The first choice is expected, and that is to remove the U.S. dollar as the world's #1 reserve currency? But that's not what Insider Resources expect the IMF will announce in in a few weeks, without warning, and will actually have even bigger consequences than removing the dollar as the world's reserve currency. Insiders are convinced they're going to make a huge and dramatic change to the reserve currency SYSTEM, one which will affect every single American in the next few years significantly, and likely everyone worldwide, one way or another.
To explain what's going to happen, one needs to understand what a reserve currency really is exactly. By definition, a reserve currency is money held in significant quantities as a means of international payments and settlements. Like an international basis for exchange. And as most Americans know by now, for about the last 48 years now, the United States Dollar has been the world's DOMINANT reserve currency. That means, the U.S. Dollar is the most widely accepted and widely used currency in the world. That's always been our biggest advantage as a nation.
Most people don't realize what a huge privilege that is for the U.S. Dollar, and often take for granted the power for America as a result of this unique status. America is the only country in the world that doesn't have to pay for its imports in a foreign currency. We can simply print more money whenever we need to. For other countries, it's almost unfair in comparison, as they actually have to have real goods backing their dollar. Its really theft without a gun or a mask on the part of America. Think if America had to pay for all of the imports WITHOUT printing up money to do it. Where would the money come from?
As a comparison example, when South Korea wants to buy beef from Argentina, both countries have to first switch their home currency into U.S. dollars to settle the transaction. Same thing if Germany wants to buy oil from Saudi Arabia. So even when the U.S. isn't directly involved in a trade, our dollars usually are. And of course, that helps support the U.S. economy.
So, if you can understand the way things are setup, you will now have a clearer idea how the announcement coming from the IMF is going to have a worldwide shaking impact. Here's what's going to happen. The IMF will announce that there's going to be a NEW currency added to the pie, a NEW currency that will receive "reserve currency status. "And when that happens, billions of dollars - maybe even hundreds of billions, will flood AWAY FROM the U.S. dollar and INTO this new reserve currency, and do it so subtelly that the dollar will temporarily maintain some dominant status. And that's the scary part about all this. People don't understand how subtle this is... and yet, how dangerous it is for everyday Americans.
Insiders are certain that one particular currency that's NEVER been a reserve currency before is about to break through and BECOME a new reserve currency. That means that a foreign country will take a massive bite out of the pie the U.S. has been enjoying since World War Two. Remember, the U.S. dollar is the dominant reserve currency, which means countries and businesses around the world must purchase OUR dollars to execute THEIR trades. But what happens if some other currency enters the game? All of a sudden we've got competition. We have to share the pie.
This is a pie chart that shows all of the currencies that qualify for "reserve" status,
and the percentages in which they're held by governments around the world.
You can see that the U.S. dollar is, by far, the dominant reserve currency.
The only one that comes close is the Euro, and then after that, the Japanese yen.
So right now, the U.S. dollar owns a staggering 62% of the pie. Over half the
central banks in the world hold money in the dollar.
But, that's all going to change... as it did for the Swiss Franc back in January. You
see, twice a decade, the executive board of the IMF meets to reassess the world's
reserve currencies. And we haven't seen a major change to the reserve currency
system in over 35 years.
But in weeks, we're going to see a NEW currency enter the reserve system...and that single announcement will set off a chain reaction throughout the financial markets. Some assets could absolutely soar and make investors a fortune, and other assets could fall. Investors who don't see it coming could be devastated.
It's scary to think how the markets were rattled by the Swiss Franc change back in January. The Swiss Franc doesn't even make up 1% of the pie. And that's exactly why Insiders say the coming shift in the U.S. dollar in less than 60 days could lead to the biggest redistribution of wealth we've seen in the modern history of U.S. finance. In fact, Insider estimate the certain decision will alter about 10% to 15% of the world's reserve currency make-up. Again, we're talking billions and billions of dollars will start moving when something big happens with the U.S. dollar. Estimates are that the decision will alter about 10% to 15% of the world's reserve currency make-up.
So what will the currency pie look like when this IMF announcement comes to
pass? This move likely would eventually affect as much as 50% of the reserve
currency pie. You see, what you have to realize is that any big change to the
way countries hold their reserve currencies will have an immediate and massive
impact on the currency markets. And remember how big the currency market is,
200 times the size of the New York Stock Exchange.
It'll cause extraordinary shifts of wealth. While most people are trying to squeeze
money out of ordinary stocks, bonds and real estate, I believe you could make
gains up to 500% in the right investments, very, very safely in the coming years.
All because you took the time to prepare.
Certain investments will take off when a new currency is added to the reserve
system in just a few weeks. Granted, the majority of the U.S. market and economy
will take a hit. But you could remember, in America back in the '70s something similar happened. But, over time, memories fail, and important lessons are forgotten.
That's right, there was a huge currency dollar crisis back in the '70s. Some people may not remember this, but back on August 15th, 1971, President Richard Nixon went on live television and made a very important announcement to the American people. He announced that the United States dollar would no longer be backed by gold. And of course, that was in response to the rise of energy prices and unemployment.
Well, it happened for those reasons, but also because of the rise in international competition, and because U.S. gold reserves were being depleted at an extraordinary rate. Foreign governments were exchanging their U.S. dollars for real gold. And the reaction to the President's announcement was immediate. It created an era that's known today as "the Nixon Shock."
Governments around the world weren't allowed to exchange their U.S. dollars
for U.S. gold anymore. The price of goods and gasoline skyrocketed.
Nixon had to impose a 90-day freeze on wages just to stabilize inflation.
Unemployment and inflation ultimately hit 10% in just a few years. And people
got out of the U.S. dollar, big-time.
But, even back then, during the dollar plunge of the 1970s, certain key assets
took off and smart investors made money.
"Billions will leave the U.S. Dollar"
In fact, if you look at the entire spectrum of the market from that era, you'll notice
that certain assets here and abroad began moving dramatically.
Silver, for example, took off by 739%.
What Insiders are predicting is that the same thing will happen again.
In any of the months and years to come, we'll see the U.S. dollar plunge just as it
did back in the '70s. And as a result, some assets are going to get crushed, while
others absolutely soar.
Why do Insiders believe this event will play out this way? Is there some sort of inside
contact at the IMF? Inside contact or not, Insiders don't need that connection at the
IMF to understand and know what is coming. All the facts are plain to see right in the
IMF's 2015 work schedule.
This is a document that's available to the general public. Now of course, like mostofficial documents, it's full of acronyms and jargon. But if you look at page 11 of the agenda (available for public review), you'll see clear as day the exact timeline for how this will all play out in the months to come.
For one thing you can first see that the IMF began their twice-a-decade currency discussion in May. They met to discuss a special basket of reserve currencies, what they call "SDRs". Next you can also see their plan to make their decision about any change to the basket and issue a public announcement no later than October.
Insiders already have warned that the IMF will announce that a new currency will be added to this basket of approved reserve currencies no later than October. Insiders are not yet privileged know the exact day, of course, but typically any of these announcements happen on a Tuesday, which means September 15 could be the soonest, though it could happen on the 13th or the 18th, while October 20th is the most likely latest date of the announcement. If October, or it could happen on the 18th... or maybe the 22nd... but the exact day doesn't matter.
What matters, is this: Of the six largest economies in the world, there's just ONE whose currency hasn't yet been declared an official reserve. And you can probably guess which country I'm talking about...China...! China, China, China. And it's inevitable...!
Anyone familiar with today's currency markets can see that the announcement forthcoming will be all about China and their "renminbi" currency, currently known as "the yuan." Insiders are confident, with decades in finance experience, that by October, the IMF will approve the yuan as an additional world reserve currency. Period. End of story. And when that happens, the Yuan will receive unprecedented power on the world stage, because as China has planned for the last five years, theirs will be the ONLY world reserve currency that will be backed and fully guaranteed with gold and silver. I mean governments and major banks around the globe will begin moving their holdings OUT of the U.S. dollar, and into the Chinese yuan, or whatever they will be calling this currency at that time. Not only that, it'll happen to the tune of literally hundreds of billions of dollars, which means you need to position yourself for it NOW. Millions of people holding certain U.S. assets will become poorer, virtually overnight, while others will have instant wealth. It'll be the biggest currency event of our lifetime.
And yet the mainstream media is not even mentioning it yet. And maybe they are still unaware. Closing the eyes in defiance can certainly guarantee not seeing anything. "The Time Line News is still your source for the Insider News. But, believe me. It'll be the top story on TV. That's why I've been begging people to take advantage of this coming event right now, while most people in the press don't even understand this thing.
Remember, whether you care about this stuff or not, this currency crisis announcement is going to have a massive impact on every single American, because the majority of our savings and our investments are priced in U.S. dollars. Demand for dollars will fall. And that's the result of simple economics. If China's currency is approved for reserve currency status, it'll be a 10-point earthquake in the financial market.
And if one needs more evidence, well, the evidence is overwhelming. I'd say there are about four main reasons altogether.The first is, you have to realize China now has the LARGEST economy in the world. This happened in late 2014, actually while surpassing the U.S., China's economy surpassing America's...based sheerly on purchasing power. And the interesting thing is, this data comes from the International Monetary Fund, the very same group that will be making the decision about the Chinese yuan in just a few weeks.
While it definitely makes sense that the country with the biggest economy should have a currency that's part of the world's reserve system, I mean the fact is, China is the world's leading exporter as well as one of the world's largest creditors (second only to Japan). That means that most countries around the world would look to CHINA for financial help (he who has the gold has the power), including the U.S.
Realize, we borrow billions from China, every single day? In total, today we as a country owe China something like $1.3 trillion dollars. That's insane enough, one should want to know why has China even waited this long to be accepted as a world reserve currency? I mean if they wanted to, China has the ability to single-handedly crush the U.S. dollar, right? They could just dump their trillion dollars of U.S. debt obligations on the open market. The entire U.S. market would tremble.
Insiders don't think they would do that, and are not expecting an immediate complete end of the U.S. dollar just yet. China now holds a tremendous amount of leverage in the financial world. They're going to get what they want, or else they're going to make life very difficult for the United States and anyone else who owes them large amounts of money. The bottom-line is that it could spark a once-in-a-generation move in the world of international banking and finance. And if it all plays out the way Insiders expect, it's going to have a major impact on you and your money.
Finally, China already came quite close in 2010 to make this play and the IMF had considered then the yuan for reserve currency status. In fact, the last time they had a meeting like this 5 years ago, the discussion was all about the yuan.
And the only reason the IMF decided against it back in 2010, was because they felt China wasn't a large enough exporter yet, and not enough people were trading in yuan, nor had they yet accumulated the desired gold and silver to back the currency.
But that's definitely changed. In 2013, China became the number one exporter in the world. The proportion of China's exports and imports settled in the yuan has increased nearly six fold in just three years. The International Business Times revealed that the yuan is now among the top two most-used payment currencies in the world. couple that with the fact that China now holds more gold than any country in the world, all of the roadblocks that stopped this from happening in 2010 have been cleared in time for the coming decision in a few weeks.
It's been a gradual but rapidly growing process. And that brings me to the third reason why I think it's going to happen. The yuan is ALREADY functioning unofficially as a reserve currency all around the world already. Realize, there are now a dozen official offshore yuan clearing centers? These are in places like Canada, Germany, Hong Kong, and meanwhile more than 10,000 financial institutions are doing business in the Chinese yuan, which is actually up 1,000% from June 2011.
How does that compare to the euro? Well as a matter of fact, in December 2013, the yuan OVERTOOK the euro to become the second most-used currency in global trade after the U.S. dollar. It's remarkable to think about that, but it's true. The data all comes from an unbiased international agency called SWIFT, which monitors all the global currency flows.
Once again, this begs the question: If all these facts are so obvious, why isn't anyone taking steps to get ready? Why aren't Bankers getting ready for this? Well, plenty of major financial players are definitely getting ready for this, including the White House, Congress, and all of the other central figures that are happy to usher in this era for their own gains. In fact, at least 40 central government banks, all having already invested in the yuan, including some of the biggest commercial banks in the world, HSBC, Deutsche Bank, Bank of America, Citigroup, you name it, all trade and settle in the yuan. But, what catches the attention of Insiders isn't necessarily what the banks are doing, but what happened recently with the British government. There was an announcement at the end of 2014 from a man named George Osborne, the British Chancellor of the Exchequer, announcing that the British government will be the first nation in the world to issue bonds denominated in Chinese yuan. In fact, he described this event as a historic moment and said the British are confident the yuan will become, quote-unquote, "the main global reserves currency."
So this goes pretty high, and that actually brings us to the fourth and final reason why Insiders are confident the yuan will win approval in a few weeks. Insiders have been carefully watching bankers, and it turns out we're seeing some of the world's most connected bankers step out in public and talk about the yuan becoming a new global reserve currency. Example, a senior official at an Asian central bank told Reuters he thinks this could be the year the yuan is included in the currency basket. And then we saw something interesting on Twitter, actually.
Turns out the Official Monetary and Financial Institution Forum has a bunch of followers on Twitter... including renowned financiers like Jim Rickards. And they recently tweeted about this. They said the renminbi - the Chinese currency - is likely to become an IMF reserve currency.
What about the academic world? Are there any professors or historians talking about this? Benjamin Cohen, an economics professor at UC Santa Barbara who says, "It's very difficult to imagine [the IMF] won't [approve] the yuan..."
And what about the IMF itself? Has anyone on the committee leaked anything? Or... come out with some kind of behind-the-scenes revelation? Well, yes and no. They're pretty tight-lipped about this stuff... So we don't have very much. But actually, Insiders team up and did find a story buried in the "World" section of the Wall Street Journal. A quote from a gentleman named Zhu Min.
Now, this is the deputy managing director of the IMF... one of the key players in the upcoming decision in October. And believe it or not, he actually let it slip that he's, quote-unquote, "confident the Chinese yuan will be a global reserve currency."
So, can see why Insiders are confident what the financial community definitely believes, that something big will happen with the yuan... And that the yuan gaining reserve currency status is simply the next logical step for China's currency.
Insiders believe the IMF's decision will have a tremendous impact on the life of anyone holding U.S. dollars in the coming years. Not only that... But if you IGNORE this trend, you're overlooking a huge opportunity, and it's probably going to be the easiest, safest, and most reliable way to make build massive wealth right now. Not to mention, to protect your family from the inevitable crisis we're facing with the U.S. dollar.
Take these 4 steps now
Insiders believe there are four steps you should take right now to prepare for the coming announcement about the Chinese Yuan.
Readers don't necessarily have to take all four of these steps... but altogether, these steps will protect your wealth quite a bit. This means your current savings, your investments, your retirement accounts, all of these can be protected from the fall in the U.S. dollar, if you know what to do. And maybe more importantly, these steps can set you up to make extraordinary gains.
The first step is simple. Make sure you've got the playbook for how this decision will unfold throughout the investment world. What playbook? Meaning that some of the effects of the announcement will be very predictable. And there'll be an easy way to play it in the market. If you go back to the chart I showed you earlier about what happened back in the 1970s, the last time the dollar fell, somethings become very obvious. Back then, a few very specific assets skyrocketed hundreds of percent. And now, 40 years later, I think it's likely we'll see a few of these assets soar once again. So essentially, what happened in the 1970s serves as a kind of playbook or "blueprint" for how Insiders expect the IMF's coming decision to unfold. That's why Insiders recommend you know exactly which assets are most likely to rise. Though, it's probably not going to be the exact same investments as last time, some of them are definitely likely to soar again... and in particular, a few completely new ones, too... anywhere from 500% to 1,000% multiple gains in the years to come. But only if you take a position soon. Remember, by the time this stuff goes mainstream... it's always too late. The problem is, people don't have a clue how to determine which investments are the best to buy. But Insiders say keep it simple.
First convert all dollars we want to protect to silver or gold, silver being the priority. Not derivatives, but physical coins, and take possession, and do not store in a bank. For reliable purchases and guidance, go to a Mint certified dealer to like E-TCB, INC, (417) 230-2298.
Second borrow as many dollars as possible at these incredible low interest rates, and use those dollars to purchase more metals. When the time comes, those loans will be as worthless as the dollars, and will be paid off at a fraction of the original loan.
Third, cash out all pensions, 401k, IRA, CD related instruments, at any cost.
Fourth, make an investment in all the things that will go up in the stock market as a result of this massive event. If you need help with that, get great guidance from the folks at E-TCB, INC, (417) 230-2298 and until then, a good start is buy mining stocks while they are cheap.
Stay plugged into this FREE subscription at The Time Line News for updates on this unfolding currency crisis.
E