It's almost certain a yuan reserve currency will become reality 11 months from now, triggering a foreign currency shift of as much as $2 trillion - an existential threat to the U.S. dollar's status as the world's primary reserve currency.
Last week, Bloomberg reported that International Monetary Fund (IMF) officials have told Chinese officials that the yuan will join the organization's basket of reserve currencies "soon."
It's almost certain a yuan reserve currency will become reality 11 months from now, triggering a foreign currency shift of as much as $2 trillion - an existential threat to the U.S. dollar's status as the world's primary reserve currency.
Last week, Bloomberg reported that International Monetary Fund (IMF) officials have told Chinese officials that the yuan will join the organization's basket of reserve currencies "soon."
Here's why this will make the yuan a disruptive force...
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China has long-planned for a yuan reserve currency to undermine the U.S. dollar.
The People's Bank of China (PBOC) made its first move as far back in 1994 - more than 20 years ago.
And the years of planning have paid off. We're only a year away from a yuan reserve currency now.
Here's why this economic shock will send the U.S. economy into a Great Depression...
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China and the International Monetary Fund (IMF) want a Yuan reserve currency - and are doing everything they can to make it happen.
Their plan is already so far along that the U.S dollar could be on its way out as the world's primary reserve currency as early as October of this year.
Here's why that will create an economic crisis in the United States...
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