IMF adding China’s currency to its basket

Chinese currency notes

As expected (see IMF expecting to add China’s currency–another step in the replacement of the US dollar?), the International Monetary Fund is adding China’s currency to its basket:

November 30, 2015

The Chinese yuan traded higher offshore as the International Monetary Fund decided to include it in a basket of reserve currencies, a move that will integrate the country into to a global financial system dominated for decades by the U.S., Europe and Japan. http://www.bloomberg.com/news/articles/2015-11-30/offshore-yuan-advances-on-intervention-bets-before-imf-decision

November 30, 2015

The decision means that the renminbi, also known as the yuan, will join the U.S. dollar, the Japanese yen, the Euro and the British pound as one of the currencies that the IMF uses to denominate its loans.

That will create modest demand for the yuan, but more important is the prestige factor: The IMF’s stamp of approval gives the world’s second-largest economy new credibility in the financial markets, allowing it to be used more widely in trade and financial transactions.

The move “is an important milestone in the integration of the Chinese economy into the global financial system,” IMF Managing Director Christine Lagarde said in a statement. She added:

“It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems. The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy.”

…The New York Times reports that the inclusion of the yuan introduces new uncertainty into China’s economy and financial system, “as the country was forced to relax many currency controls to meet the I.M.F. requirements”: http://www.npr.org/sections/thetwo-way/2015/11/30/457895104/chinas-renminbi-gets-a-stamp-of-approval-from-the-imf

Christine Lagarde went on record long ago that she wants to replace the dominance of the USA’s dollar as the world’s reserve currency. Adding the Chinese currency to the IMF’s basket basically is intended to reduce the world’s dependency on the USA’s dollar, while also providing China political recognition for agreeing to some financial changes.

China will have issues, and will NOT be the economic leader in this age (the Bible shows that Europe will in Revelation 13,17, & 18).

The IMF, Russia, China, India, Iran, some of the Gulf States, and the Europeans are all working to dethrone the dominance of the USA dollar. And while they are still not able to, the time will come when the USA dollar will be worthless for anything except burning for warmth or other uses for the type of ‘paper’ the bills are printed on.

Much of the international financial community would like to eliminate the dominance of the USA globally. And while that will happen, the addition of the Chinese currency, of itself, is not enough to make that happen. Yet, the Bible shows that one day, because of debt and other reasons, it will happen (cf. Habakkuk 2:6-8).

Some items of possibly related interest may include:

Alternative to the US Dollar in the Fall of 2015? Is the US dollar about to lose its dominance as the world’s reserve currency? Does the Bible teach anything about that? Could Porter Stansberry be correct that the International Monetary Fund will announce an alternative to the US dollar in the Fall of 2015? Do Does the IMF, European Union, BRICS (Brazil, Russia, India, China, and South Africa), and other groups want the US dollar dethroned? Are China and other nations doing something to try to make this happen? A written article of related interest is titled: Stansberry: US dollar replacement to be revealed October 20, 2015? What about 2016?
The ‘Harbinger’ and September 2015 Are you aware of many events that are to happen in 2015? These expected events include the end of military operation Jade Helm, a claimed end to a Shemitah year, Pope Francis speaking before US Congress, Pope Francis speaking before the United Nations, a planned UN proposal to recognize the State of Palestine, and the fourth of four ‘blood moons’ of 2014 & 2015. A written article of related interest is titled: September ‘convergence’: a harbinger of potential disaster?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? This is a video.
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach? This is a video.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Wars, rumors of wars, and the Apocalypse Jesus foretold a time before the end where there would be wars and rumors of wars. The Apocalypse (the Book of Revelation) warns of the red horseman of war. Now, even secular writers, like Larry Edelson, are worried that wars and rumors of war are the most menacing problem that now haunts the earth? Are they right? What is the solution? This is a sermonette-length video.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.