The Fed, led by (the Jewess) Janet Yellen, is acting as if it will retain its
power forever simply because it's currently the most power player in the game
of global monetary policy. As stated previously, the Fed behaves as if it has
no idea that there are other countries and central banks operating around the
world which would love to claim the top power spot.
The People's Bank of china (PBoC) doesn't have to convince these other central
bankers that it is the best candidate to take over that top spot, it only has
to be the best alternative to the Fed. Under the Fed's monetary lead, stock
markets have reached historic highs on a steady diet of artificial money. They
sunk the global economy in 2008 and many countries are trying to prevent the
same outcome this time around.
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realizes that the Fed's days are numbered. With the inclusion of the yuan in
SDRs today (October 1st), the IMF begins a shift in the scales of power in
China's favor. Japan itself is forging alliances with China right now, but
the Bank of Japan is still following the Fed - for now. The ECB is also
following the Fed, but it's president, Mario Draghi, is one of the few central
who "says little and does less" with monetary policy. In the aftermath of
Brexit, the Bank of England could see its influence reduced even further. This
means that the Fed's allies are becoming weaker as the PBoC's allies are
becoming stronger.
In the coming days and weeks, the yuan will join the SDR basket. As the world
inches closer to a collapse and closer to reliance on SDRs for recovery, the
yuan's inclusion will be even more critical to the PBoC's rise to power. We
will keep you posted on the latest developments as they arise. For now, get
your wealth out of the line of fire and away from over-inflated stocks by
buying gold and silver.