The Chicago Mercantile Exchange (CME), the world’s largest trading exchange, just announced that it will begin accepting margin deposits in China’s currency!
 |
| China's currency rising. |
If these aren’t signs of the rapid emergence of China’s currency onto the international stage, I don’t know what are. Thing is, you’re bound to see and hear a lot more about China’s currency in the weeks ahead.
You see, China’s currency is becoming more and more of an international player in its own right, simply because of the strength of China’s economy.
Meanwhile here in the United States, nearly every central banker and politician you can name, including President Obama, is virtually working overtime to make China’s currency even stronger!
Why? Because the simple truth of the matter is that our leaders in Washington want the value of China’s currency to go UP — and the value of the U.S. dollar to go DOWN — because that’s how our leaders think they can pay off the mountain of debts they’ve created, with cheaper dollars!
Of course, the powers that be in Washington (and most of those now seeking power for 2012) will never admit that they want to devalue the U.S. dollar. The American people would virtually accuse them of treason. (C) Larry Edelson. (Photos: Copyright Control)
