Bank transfer, E-wallet PayPal, Screw, etc. Unlike the US, China sees gold as a symbol of power and prestige. High liquidity The platform ensures high liquidity with a stable trading volume. China is going about this in slow, deliberate steps. The book covers the principles of astrological forecasting as applied to the financial markets, explaining what to watch for and how to interpret planetary and lunar activity, plus expert insight on everyday practical application. China knows that nobody can win the next major war between super-powers both sides would be utterly destroyed.
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The Russell answer, : China wants to be the most powerful financial power on the planet. China knows Lunar Trading System nobody can win the next major war between super-powers both sides would be utterly destroyed. China is going about this in slow, deliberate steps.
First, China is making strategic alliances with a long list of nations.
This will result in eliminating trade in US dollars. China is also moving to create currency swaps with the Arab nations.
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More ominously, this means that China ideally wants oil quoted and traded in yuan rather than as it is currently quoted and traded — in dollars. The fact is that China has been smarting under many decades of bad-mouthing and disrespect. China is a nation of 1.
Ask yourself this — if you are dealing with a currency, would you rather deal with the currency of a nation with a huge hard-working population, a nation with the largest reserves on the planet — or would you rather deal with the currency of a nation drowning in debt, a nation whose currency is in a multi-decade decline, and a nation which is steadily losing its productive and manufacturing capabilities?
The next step in the progression is for China to make its yuan convertible. China wants the yuan to take the place of the dollar. More than that, China is in a headlong rush to build its reserves of gold.
Recently, China asked the IMF to create a new reserve currency, a mix of three or four leading currencies with the yuan and gold as two of its components. Unlike the US, China sees gold as a symbol of power and prestige.
I believe that China is thinking that in due time, it will back the yuan with part-gold, thereby making the yuan far preferable to the US dollar, which is backed by nothing tangible.
China already has a near-monopoly in rare earths. China is buying arable land in South America and Africa.
Also reports from Barclays that some European central banks had sold some 7. Central bank gold sales and leasing of gold have artificially suppressed the price of gold in recent years but with lease rates surging and central banks concerned about financial, economic and systemic contagion this source of supply is set to dwindle in the coming months. Indeed many South American, Middle Eastern, Asian and the Russian central bank have already stated their intentions to add to their gold reserves. The German Bundesbank has clearly stated how they view gold as a an essential monetary asset. However, rumours of central bank gold sales could continue to depress prices in the short term.
All this is happening while the US debates the suitability of gays being in its armed forces. China is doing exactly what it wants and what serves its own interests, and surprisingly, China is not interested in the plans that the US Lunar Trading System for it.
In an effort to let the air of the bubble, China has increased its bank reserves and raised its benchmark interest rates. Thus has resulted in a sharp drop in its stock market.