Chinese victory or threat

The International Monetary Fund (IMF) has approved the Chinese yuan as the 5th currency part of the SDR basket. The analysts are saying that three waves of adjustment in the monetary system are are coming, the first being the re-weighting of the COFER percentages basket which will lead to larger outflows from the US dollar in the order of 200 billions. How the idiotic money printing binge of Obama, Yellen & Co will fit into this is still unclear, but one thing is obvious; spread your money out of the dollar and into other near money or tangibles.

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