MY LADIES: OK HOLD ON EVERYONE I HAVE SOMETHING ELSE TO SHOW YOU
SO WHERE THERE IS SMOKE THERE IS USUALLY SOME SORT OF FIRE, RIGHT?
SO HERE I WENT TO THE SOURCE AND FOUND THIS FROM YESTERDAY. NOW THE IMF WILL DECIDE THIS MONTH BEING AUGUST WHETHER THEY WILL DO THE VOTE ON THE SDR COMPOSITION IN NOVEMBER OR IF THEY WILL WAIT UNTIL SEPTEMBER 2016.
SO YOU SEE THE REPORTERS SPUN THIS TO BE THE YUAN WILL HAVE TO WAIT, WHEN ACTUALLY THE ENTIRE COMPOSITION WILL WAIT IF THEY DECIDE TO POSTPONE THE VOTE.
SO WHAT DOES THIS MEAN?
,IN MY OPINION NOT MUCH IN REGARD TO THE NEW SYSTEM.
THE ENGINE WILL CONTINUE
THE ONE BELT ONE ROAD WILL CONTINUE,
THE YUAN WILL CONTINUE
THE BRICS WILL BEGIN INFRASTRUCTURE REVIEWS,
THE AIIB WILL BEGIN THE PROPOSED PROJECTS ON SCHEDULE
AND THE DOLLAR WILL FOR SURE BECOME EXHAUSTED BY THEN AND NEED RELIEF.
SO DO NOT CONCERN YOURSELVES TOO MUCH WITH THIS POSSIBLE DELAY, BECAUSE THERE IS NOT ONE SINGLE CURRENCY BEING SINGLED OUT FOR EXCLUSION.
REMEMBER WHEN EVER YOUR IN DOUBT ABOUT ANYTHING IMF RELATED JUST GO TO THE SITE AND TYPE IT IN THE SEARCH BOX AND YOUR ANSWERS WILL POP UP!
IMF Work Progresses on 2015 SDR Basket Review http://www.imf.org/external/pubs/ft/survey/so/2015/POL080415A.htm
MF Survey: Why is staff proposing an extension of the current SDR basket?
Tiwari: To put this in context, the current SDR basket expires at the end of this year. We are proposing extending the current SDR basket by nine months until September 30, 2016. This is in response to feedback from SDR users on the desirability of avoiding changes in the basket at the end of the calendar year and facilitating continued smooth functioning of SDR-related operations. An extension of nine months would also allow users to adjust to a potential changed basket composition should the Executive Board decide to include the RMB.
The proposed extension, which will be decided by the Executive Board later this month, would not in any way prejudge the timing of conclusion or outcome of the review.
PrincessDD: Capital exodus from China reaches $800bn as crisis deepens
China is reverting to credit stimulus after attempts to engineer a stock market boom failed horribly. The day of reckoning is delayed again
The Chinese central bank (PBOC) is being forced to run down the country's foreign reserves to defend the yuan. This intervention is becoming chronic. The volume is rising. Mr Brooks calculates that the authorities sold $48bn of bonds between March and June. http://www.telegraph.co.uk/finance/economics/11756858/Capital-exodus-from-China-reaches-800bn-as-crisis-deepens.html
Princess DD: China Government Bond 10Y 2005-2015 | Data | Chart | Calendar | Forecast
China Government Bond 10Y decreased to 3.50 percent on Tuesday August 4 from 3.54 percent in the previous trading day. The China Government Bond 10Y averaged 3.71 from 2005 until 2015, reaching an all time high of 4.85 in November of 2013 and a record low of 2.51 in December of 2008. http://www.tradingeconomics.com/china/government-bond-yield
Princess DD: China is making a massive new move to censor the Internet
MY LADIES: SO AS I READ THIS ARTICLE I’M WONDERING WHAT DOES ALL THE TALK ABOUT THE YUAN REALLY MEAN?
WHAT ARE THEY TELLING US?
SOMETIMES IT’S THE THINGS THAT ARE NOT SAID THAT ARE HEARD THE LOUDEST.
China knocks on the reserve-currency door
RARELY in their 46-year history have Special Drawing Rights commanded quite so many headlines. SDRs play a mostly arcane role in the global financial system. Technically they constitute an international reserve asset that helps maintain balance between countries with big external liabilities and those flush with cash. In practice, they are more marginal, as countries largely rely on capital markets and hard currencies to cover their obligations.
Now China, eager to make the yuan go global, has placed SDRs in the spotlight. The International Monetary Fund, which manages the SDRs, is conducting a five-yearly review of the basket of currencies that form its value. China wants it to bring the yuan into the basket.
READ THE WHOLE THING AND THEN LET’S GO READ
If the yuan competes with the dollar Clash of the currencies http://worldif.economist.com/article/6/what-if-the-yuan-competes-with-the-dollar-clash-of-the-currencies
MY LADIES: ALRIGHT WELL HERE JUST LOOKING AT THESE TWO ARTICLES
AGAIN WHERE THERE’S SMOKE THERE IS USUALLY SOME SORT OF FIRE.
SO READING BOTH OF THESE PIECES I CAN SEE WHERE SOME DOOMSDAY FOLLOWERS AND CHICKEN LITTLES GOT THE IDEA THAT THE SKY IS FALLING AND THE DOLLAR IS GOING TO COLLAPSE.
A MISTAKEN CASE OF A LITTLE BIT OF KNOWLEDGE IS A DANGEROUS THING.
WILL THE YUAN COLLAPSE THE DOLLAR? NOPE I DON’T THINK SO AND IT WAS NOT INTENDED TO BE A TOOL TO DO ANY SUCH THING THAT’S NOT IN THE MAKEUP OF CHINA IN THE FIRST PLACE.
HOWEVER EVERYTHING WE ARE STUDYING AND EVERYTHING WE KNOW ABOUT THE BELT AND THE EMERGING MARKETS, THE PIECE WE READ FROM THE IMF ASSISTANT DIRECTOR THIS MORNING THANKING CHINA FOR THEIR HELP WITH 120 EMERGING MARKETS IS SHOWING CHINA'S DESIRE TO SET THE ECONOMIC STAGE AND HELP EVEN THE LITTLE GUY.
I THINK THE YUAN CAN RIVAL THE DOLLAR BUT NOT LIKE IT’S BEING TOLD. NOT IN A DOLLAR COLLAPSE BUT IN PERHAPS A BULLY COLLAPSE.
THE NEW SYSTEM COMES WITH AN ALTERNATIVE SETTLEMENT SYSTEM TOO. WELL THAT TAKES SOME BITE OUT OF THE BIG DOG DOESN’T IT?
THIS SETTLEMENT SYSTEM IS NOT A REPLACEMENT BUT IT WILL BE AN ADDITIONAL MEANS OF SETTLING. WHY IS THAT NECESSARY? WELL WE KNOW THAT ANSWER FROM ALL OUR ONE ROAD ONE BELT STUDIES.
WELL I THINK THE YUAN WILL BE INCLUDED WHEN THEY VOTE WHETHER THE IMF FOLLOWS THE SCHEDULE AND VOTES IN NOVEMBER OR NEXT SEPTEMBER.
I CAN SEE IN THE COMING YEARS IT BEING A RIVAL TO THE USD POWER AND I JUST HOPE THE U.S. DECIDES FOR THE BETTER GOOD TO PLAY NICE GOING FORWARD.
LIKE THE SECOND ARTICLE SAYS WE SEE A LITTLE MALICE ON THE PART OF THE U.S. WHEN THEY TRIED TO BULLY OTHER NATIONS NOT TO JOIN THE AIIB. ''
THAT DID NOT WORK. WE ARE SEEING MILLIONS SPENT ON THE IRAN CONTROVERSY AND THAT WILL NOT STOP THE CHANGE EITHER.
THERE ARE BIG CHANGES COMING AND I THINK WE NEED TO LOOK TO THE EAST TOO FOR OUR FUTURE ENDEAVORS.
SOMETIMES THE THINGS NOT SAID ARE HEARD THE LOUDEST.
AW: it appears that China will very naturally be the dominate economic player throughout Asia........and when you consider the economic power found throughout Asia it seems to me that the USD will be sitting in the back seat and the Yuan up front. furthermore,.......how can this administration not see this coming?
Here is one side note...........investors look for stability and with the USA's military draw back worldwide it has lost influence in many areas. China has increased more than just its economic influence, it is also flexing its military muscle.
China, if it chooses to do so can provide stability throughout Asia where the USA cannot. Second area,...........Iran also has great influence throughout the Gulf and Eastern Mediterrean region. They too can offer stability throughout the region for potential investors................and YET, we do not see this coming?
MY LADIES: YEP AW THAT'S A GOOD LOOK INTO IT TOO..
AW: ML,..........whether it is 15 years or 20 years before the Yuan replaces the USD,.............(I believe it will be much sooner), the tide has already started to change.........it is coming.
MY LADIES: SURE IS…. LOOK, IT TOOK AGES TO BREAK THE SYSTEM WE'RE IN NOW...WE CAN'T HAVE THE NEW ONE OVERNIGHT ….BUT CHANGE IS COMING