You've been robbed by a bank and you haven't the slightest clue!

Source: FaceBook Notes
Date: Tuesday, September 28, 2010 at 6:56pm
by: Jeremy Sofian

Don't you love when you flip on FOX or CNBC and they have two charlatans, each with their own little screen explaining how stupid you are and how they alone understand what is presently going on in the economy. Charlatan A insists we need to cut all spending to curb the deficit and national debt or we will have "Hyperinflation" followed by charlatan B refuting that by insisting we need more economic "stimulus" packages or we will slip into a deflationary depression.

Let me be clear, charlatan A is absolutely full of shit and charlatan B is only giving you a fraction of the truth. Most likely because they themselves (Despite their Ivy League Degrees) have no idea what the hell they are talking about.

China to allow yuan trade settlement nationwide and direct foreign investment in the yuan

Source: NHK World
Date: Wednesday, August 24, 2011 11:10 +0900 (JST)

[Editor's Note: Of particular interest in the following video is that China will start allowing direct outside investment in its yuan currency in addition to facilitating international trade in the yuan. This development is part of a trend in which countries have shown a preference for transacting in their own currencies rather than the U.S. dollar, which is still the world's reserve currency (although perhaps for not much longer).]



China is expanding the use of its currency in settling cross-border trade. It will now allow businesses nationwide to settle exports and imports with the yuan.

On Tuesday, the People's Bank of China, the country's central bank, said permission for yuan-based trade settlement will now be given to all parts of the country.

This means Chinese companies, as well as trading firms overseas, can use the yuan for cross-border settlement to rein in currency risks.

Originally, in 2009, China permitted companies in just 5 cities, including Shanghai, to use the yuan for trade with Southeast Asian nations.

The government later expanded the use of its national currency for trade to 20 provincial regions and all international transactions.

China's Commerce Ministry said it will also start allowing foreign direct investment in yuan.

China is aiming to boost the status of the yuan as an international currency, amid weakening trust in the US dollar.

New Federal Reserve Note for Hyperinflation

If we get hyperinflation, we should honor Uncle Ben by putting him on the new trillion dollar bill.

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Sources:
Obama Trillion Dollar Bill: http://www.obamatrillion.com/
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