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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (105252)	3/26/2014 2:33:23 AM
From: Snowshoe	Read Replies (1) \| Respond to of 218584

>>New order will replace Anglo order. Presently order has been extremely profitable for Anglo countries. The new world order will start with a new world reserve currency.<< Elmat, you always complain about "fleecing" by Anglos. I guess we'll know things have changed when you complain about "fleecing" by Chinese after RMB becomes a reserve currency... :o) China currency liberalization to be a 'seismic event': Australia reuters.com A new report from the Australian government-sponsored CIFR said China's 10-year timeline for substantial liberalization of its financial system could be accelerated if the current Shanghai Free Trade Zone "experiment" is successful. "Once capital controls have been removed and interest rates and the exchange rate are market determined, the structure of the RMB market - and indeed of global capital markets - will look quite different," said the report's authors, Kathleen Walsh, Geoff Weir and Barry Eichengreen. The renminbi would become one of the most widely traded global currencies, and mainland China's equity market could be the largest in the world, with a capitalization of around $30 trillion, the report said. China's bond market could be the global No.2 behind the United States and equal to the entire euro zone. "The RMB is likely to be a significant part of central bank foreign exchange reserves and RMB government securities may well become the main alternative "safe asset" to U.S. Treasuries, with important implications for global capital flows and financial stability," it added.