Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:[quote=Cde Monomotapa]As the (economic) world turns...Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance http://tinyurl.com/l4ho4c2[/quote] The yuan growth as per SWIFT statistics is a parabolic! From 1.69% share of trade finance in Jan 2012 to 8.66% in Oct 2013.
Top 5 nations using the yuan are China, HongKong, Singapore, Germany and Australia. Yes, ze Germans that are ze pillar of ze euro...!. Is this why they're asking for their gold reserves from the USD vault masters...
It'll be interesting to watch how the BRICs bank will pan out vs WB/IMF...
This crossroad must be resolved soon...
#Greatest wealth transfer episode. Can't miss it, won't miss it 
Interesting! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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