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The Yuan – or Renminbi – is the national currency of China.  Few understand its inner workings, as – like most Chinese financial data – transparency is limited; particularly regarding the currency; which has been “pegged” to the world’s major currencies for two decades…

The Forgotten Peg: Chinese Yuan and U.S. Dollar

Per the chart below, the Yuan/Dollar exchange rate was UNCHANGED from 1993-2005; and since then, has been allowed to gradually decline within a prescribed range dictated by a basket of global currencies – dominated by the U.S. dollar…

This “forgotten peg” is by far the most LETHAL weapon in the global CURRENCY WARS; as it has enabled China to acquire MASSIVE global manufacturing share…

…which is EXACTLY what Japan and the rest of the world’s CURRENCY WAR participants are targeting – at the expense of each other

Could Abe’s Devaluation of Japanese Yen Spur a Currency War?

Yet, the Yuan peg gets little attention because China has become TPTC, or “Too Powerful to Challenge.  From time to time, American politicians bluster about China de-pegging the Yuan; but mostly, such rhetoric simply targets votes from the uninformed public.  The fact remains that China is the U.S.’s LARGEST CREDITOR…

…and without the cheap industrial production the peg enables, Americans would immediately experience MASSIVE price inflation…

With a drop in demand for the dollar, import prices will rise.  As the US is now an import-dependent country, from that day on, Americans who walk into Walmart will think they have walked into Neiman Marcus.

-“GERALD CELENTE, PATRIOT

To maintain the peg, the Bank of China does what all Central banks due amidst CURRENCY WARS; PRINT MONEY in unlimited quantities – just as the supposedly “conservative” Swiss National Bank has done since pegging the Franc to the Euro in September 2011…

In China’s case, it must print Yuan “unit for unit” with production of currencies from the aforementioned global “basket”…

…which care of “Worldwide QE to Infinity”; has recently gone parabolic – in the U.S.…

…Europe…

…and Japan – among others…

…so much so, China currently prints half the world’s currency to maintain the peg…

China Accounts for Nearly Half of the World’s New Money Supply

Per above, the Yuan peg has enabled China to become the undisputed KING of manufacturing.  However, the other way China is DESTROYING AMERICA is by acquiring PHYSICAL gold – in its preparations to take over as the world’s top superpower

China Eclipses U.S. as Biggest Trading Nation

The last time China publicly increased its “official” gold reserves was four years ago…

China reveals it has 1,054 tonnes of gold reserves – April 2009

…but other data proves it continues to buy gold at a breakneck pace…

China’s Gold Imports from Hong Kong Double to New Record In 2012

…both in the public sector…

…and via private citizens…

The Chinese will continue to trade their dollars – and the Yuan PRINTED to maintain the peg – until there is no more gold and other ITEMS OF REAL VALUE to purchase with depreciated fiat currencies.  And when that occurs, it will be revealed to all “HOW CHINA DESTROYED AMERICA.”

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.