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China Busts Gang That Smuggled $3 Billion Out Of The Country

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zerohedge.com / by Tyler Durden / Nov 26, 2017 2:51 PM

China’s crackdown on capital outflows has been a boon for organized crime in the region, with Chinese triad gangs and even Japanese Yakuza organizations partaking in the smuggling bonanza. Over the summer, we reported on a case […]

Russia and China talk about joining forces to shake dollar’s dominance

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gata.org / By Damien Sharkov, Newsweek, New York / November 1, 2017

Russia and China could join forces in linking their national payment systems, to rival Western alternatives, Russian Prime Minister Dmitry Medvedev said at an event in Beijing.

Underlining the success of China’s Unionpay system and Beijing’s efforts […]

China Aims to Dethrone the Dollar

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schiffgold.com / BY SCHIFFGOLD / OCTOBER 25, 2017

Last month, the Nikkei Asain Review reported on a move by China that could take a first step toward dethroning the US dollar. The proposed launch of a gold-backed, yuan-denominated oil futures contract got a lot of attention in alt-media circles, […]

What a Gold-Backed Yuan and Cryptocurrencies May Mean for the Dollar

mises.org / Doug French / October 20, 2017

Amoungst all the crypto news this, and crypto news that, was a tiny item appearing in the Nikkei Asian Review on September 1st. Reporting from Denpasar, Indonesia, Damon Evans wrote, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible […]

The Economist: The internationalization of China’s currency has stalled

gata.org / From The Economist, London / October 13, 2017

On October 18 President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party’s 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a […]

Yuan and Gold

sunshineprofits.com / ARKADIUSZ SIEROŃ / OCTOBER 13, 2017

In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? […]

Oil for gold – the real story

goldmoney.com / By Alasdair Macleod / October 12, 2017

Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an […]

China will ‘compel’ Saudis to trade oil in yuan, economist tells CNBC

gata.org / By Sam Meredith via CNBC, New York / October 11, 2017

China will “compel” Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world’s reserve currency, a leading economist told CNBC on Monday.

Carl Weinberg, […]

Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan

zerohedge.com / by Tyler Durden / Oct 4, 2017

Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to […]

Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?

mishtalk.com / Mike “Mish” Shedlock / September 28, 2017

Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“.

Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes?

Modern Finance is the […]

A New Challenge to the Dollar

europac.com / John Browne / September 28, 2017

In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and […]

The World Is Creeping Toward De-Dollarization

schiffgold.com / BY SCHIFFGOLD / SEPTEMBER 28, 2017

Earlier this month, we reported a move by China that could foreshadow the end of the US dollar as the world reserve currency. The Chinese announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US […]

The Demise Of The Dollar As We Know It: “A Break Is Coming… On A Worldwide Basis”

shtfplan.com / Mac Slavo / September 24th, 2017

The significance of the shift taking place on a geo-political basis to unseat the U.S. dollar as the world’s reserve currency cannot be understated. It is, by all means, a complete upending of the financial and economic systems as we have come to know them. According to […]

Greyerz and Boockvar Weigh In On The Pullback In Gold And What Investors Should Expect Next

kingworldnews.com / September 15, 2017

As the war in the gold and silver markets continues to rage and the dollar struggles, here are two of the greats discussing the pullback in gold and what to expect next.

Peter Boockvar had this to say about the pullback in gold and rally in the dollar…

“Thanks to […]

Former JPMorgan Quant On Evading Chinese Capital Controls Via Bitcoin

zerohedge.com / by Stephen Punwasi via BetterDwelling.com / Sep 14, 2017 12:40 PM

Mainland Chinese buyers have become a dominant force in real estate markets across the world. The Chinese government crackdown on outflows earlier this year severely throttled that money.

While this money has been throttled, it’s still appearing in certain markets, most notably […]

Is North Korea Using Bitcoin To Get Around UN Sanctions?

zerohedge.com / by Tyler Durden / Sep 12, 2017

The latest round of United Nations sanctions against North Korea are designed specifically to prevent Kim Jong Un from obtaining hard currency. Luckily for the Kim regime, there’s always bitcoin.

According to Bloomberg, the isolated country, facing further restrictions on exports that would bring […]

Gold-Backed, Yuan-Denominated Oil Futures Could Dethrone US Petrodollar

schiffgold.com / BY SCHIFFGOLD / SEPTEMBER 11, 2017

A recent move by China could take a big step toward dethroning the US petrodollar.

The Chinese have announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US dollar denominated benchmarks by trading in yuan. […]

Kyle Bass: “China’s Credit System Is Reaching A Boiling Point”

zerohedge.com / by Tyler Durden / Sep 10, 2017 5:40 PM

Fresh on the heels of the biggest-ever two-week drop in onshore dollar-yuan, noted China bear Kyle Bass gave an interview where he addressed one of the most exasperating aspects of the short-selling business, and an issue that he is no doubt grappling with […]

Venezuela’s Maduro says he will shun U.S. dollar in favor of yuan, others

gata.org / From Reuters / 2017-09-08

CARACAS — Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to “free” itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.

Maduro was refering to Venezuela’s “DICOM” official exchange rate in which the […]

China Capitulation: Corriente Advisors’ Mark Hart Ends 7-Year Bet On A “Massive Yuan Devaluation”

zerohedge.com / by Tyler Durden / Sep 7, 2017

China bears like Kyle Bass claimed victory last year after bets that the Chinese yuan would weaken paid off handsomely – particularly if they were supercharged by leverage. Hopefully, for their sake, yuan decided to lock in those gains early this year. Because since January, […]

Man Who Was The First To Predict China Would Shock The World By Launching Gold-Backed Yuan Oil Benchmark Just Issued His Next Major Prediction

kingworldnews.com / September 03, 2017

Today the man who first predicted China would shock the world by launching a yuan-based oil benchmark backed by gold more than a year ago on King World News, just issued his next major prediction.

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China Begins To Reset The World’s Reserve Currency System

investmentresearchdynamics.com / Dave Kranzler / September 3, 2017

It’s a strategic move swapping oil for gold, rather than for U.S. Treasuries, which can be printed out of thin air. – Grant Williams

A report released by the Nikkei Asian Review indicates that China is prepared to release a yuan-denominated oil futures contract that is convertible […]

De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

zerohedge.com / by Tsvetana Paraskova via OilPrice.com / Sep 3, 2017 1:44 PM

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading […]

Gold Market Morning: August-25-2017: Gold and silver prices waiting for Jackson Hole today!

news.goldseek.com / Julian D.W. Phillips / 25 August 2017

Gold Today –New York closed yesterday at $1,286.20. Londonopened at $1,285.95 today.

Overall the dollar was slightly weaker against global currencies before London’s opening:

– The $: € was slightly weaker at $1.1799 after yesterday’s$1.1794: €1.

– The Dollar index was slightly weaker at […]

Gold Market Morning: August-24-2017: Gold and silver prices still marking time!

news.goldseek.com / Julian D.W. Phillips / 24 August 2017

Gold Today –New York closed yesterday at $1,290.20. Londonopened at $1,287.10 today.

Overall the dollar was slightly weaker against global currencies before London’s opening:

– The $: € was slightly weaker at $1.1794 after the yesterday’s$1.1784: €1.

– The Dollar index was slightly weaker at […]