Just a few days ago I warned you how China and Japan had come to an agreement to cut the U.S. dollar out of the middle of its dealings, and instead, the two countries would trade with each other without the U.S. dollar as an intermediary.
Late yesterday, an official from the Asian Development Bank confirmed that its signals say that the two countries will indeed “gradually depart from using the U.S. dollar.”
That’s a no-brainer. As more and more countries in Asia switch to using their own currencies and cutting out the buck, the dollar is going to get hammered.
Even more so when you consider the steps Beijing is taking to make its currency, the yuan, a world class international medium of exchange.
And if you think Europe’s crisis and its falling currency is going to help support the U.S. dollar in the long run, I suggest you think again. Reason: Our own Federal Reserve is soon going to be called on to help out Europe’s failing institutions by printing even more money, weakening the dollar in the long run.
But to our leaders in Washington, that’s OK. You see, they have no problem with a weaker dollar and stronger Chinese currency. It’s all part of their deal with Beijing to help Washington inflate away its debts, and give Beijing more say in the global economy.
Thing is, no one in Washington will pony up to the truth. So I have. I explain it all in very simple terms in my shocking video about how Washington and Beijing are moving to devalue the U.S. dollar.
It wasn’t an easy video to produce. I filmed it on the doorstep of the Shanghai Financial Center and had to constantly look over my shoulder for fear that authorities might shut down my effort to expose the shenanigans between Washington and Beijing.
But I pulled it off. Make sure you see this eye-opening video. It costs nothing to view, and yet, it could make all the difference in the world when it comes to protecting your wealth.