International Association of Registered Financial Consultants is holding a Forum on Global Implosion.
The US dollar is the global reserve currency. More than 60% of the world’s reserves are in dollars, not the fiat currency of their nation. This fact also relates to the “petrodollar system”, the four decade long agreement between nations to use the US dollar as the main trading fiat for all oil, which started in 1973. However, the currency wars have already started. There is a global move away from the US dollar as the global reserve currency.
1. The five major emerging economies of BRICS – Brazil, Russia, India, China, and South Africa have 43% of the world’s population. They have 18% of the world’s GDP. They control 50% of the world’s capital. These 5 countries are going to form their own bank. THEY WILL NOT USE US DOLLAR.
2. Iran is the #4 oil producer in the world. Every barrel of oil has been traded in US dollars since the inception of the world oil trade. As a result of the economic blockade against Iran, India has now agreed to buy a million barrels of oil from Iran every day and PAY WITH GOLD BULLION.
3. Saudi Arabia has been the #1 oil importer to the USA. Saudi Arabia has just made a deal with China (the second largest consumer of oil in the world) to build the “biggest oil refinery in the world”. They will ship crude oil to China for processing. THEY WILL USE ONLY THEIR TWO CURRENCIES.
4. China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut costs for companies and boost bilateral trade…The deal will allow firms to convert the Chinese and Japanese currencies directly into each other…the second and third largest economies have struck a deal to use their fiat currencies to facilitate trade. THIS ACTION EDGES THE US OUT OF MONETARY OPPORTUNITIES.
These are signs of currency and trade wars. Should the US decide for QE3 [Quantitative Easing] Brazilian president said, “We will have a trade war with you – a dirty currency war.” What is that? It is the Federal Reserve printing money out of thin air with absolutely nothing what-so-ever to back it up…that is, just printing worthless words on paper (“dollar bills”) with green ink. The first QE [QE1] happened under George W. Bush. The second QE [QE2] happened under Obama. The worthless money printed was over $1 trillion. With the world so interconnected and should fundamentals collapse that would drag down the global economy chances are the world is in for a grim time because if everyone resorts to cost-cutting and austerity, it will lead to more debts, fewer jobs, shrinking demand, in a vicious cycle that could turn recession into global Depression, from which few countries would escape.
So what’s a person to do? If you know WHAT is going to happen and WHEN it is going to happen, you can prepare. Be in the know than be the last to know and suffer needlessly along with everyone else. Come to IARFC Philippines’ Financial Implosion or Prosperity Forum!! August 17, 2012 8:30am – 5:30pm CITY GARDEN HOTEL MAKATI Makati corner Kalayaan Avenues, Makati City Register and pay on or before July 20, 2012 to avail of forum fee discount Contact IARFC Phils office TODAY Early Bird (on or before July 20, 2012) –
Please let them know that you got this information from Tes Wilson, RFC
The US dollar is the global reserve currency. More than 60% of the world’s reserves are in dollars, not the fiat currency of their nation. This fact also relates to the “petrodollar system”, the four decade long agreement between nations to use the US dollar as the main trading fiat for all oil, which started in 1973. However, the currency wars have already started. There is a global move away from the US dollar as the global reserve currency.
1. The five major emerging economies of BRICS – Brazil, Russia, India, China, and South Africa have 43% of the world’s population. They have 18% of the world’s GDP. They control 50% of the world’s capital. These 5 countries are going to form their own bank. THEY WILL NOT USE US DOLLAR.
2. Iran is the #4 oil producer in the world. Every barrel of oil has been traded in US dollars since the inception of the world oil trade. As a result of the economic blockade against Iran, India has now agreed to buy a million barrels of oil from Iran every day and PAY WITH GOLD BULLION.
3. Saudi Arabia has been the #1 oil importer to the USA. Saudi Arabia has just made a deal with China (the second largest consumer of oil in the world) to build the “biggest oil refinery in the world”. They will ship crude oil to China for processing. THEY WILL USE ONLY THEIR TWO CURRENCIES.
4. China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut costs for companies and boost bilateral trade…The deal will allow firms to convert the Chinese and Japanese currencies directly into each other…the second and third largest economies have struck a deal to use their fiat currencies to facilitate trade. THIS ACTION EDGES THE US OUT OF MONETARY OPPORTUNITIES.
These are signs of currency and trade wars. Should the US decide for QE3 [Quantitative Easing] Brazilian president said, “We will have a trade war with you – a dirty currency war.” What is that? It is the Federal Reserve printing money out of thin air with absolutely nothing what-so-ever to back it up…that is, just printing worthless words on paper (“dollar bills”) with green ink. The first QE [QE1] happened under George W. Bush. The second QE [QE2] happened under Obama. The worthless money printed was over $1 trillion. With the world so interconnected and should fundamentals collapse that would drag down the global economy chances are the world is in for a grim time because if everyone resorts to cost-cutting and austerity, it will lead to more debts, fewer jobs, shrinking demand, in a vicious cycle that could turn recession into global Depression, from which few countries would escape.
So what’s a person to do? If you know WHAT is going to happen and WHEN it is going to happen, you can prepare. Be in the know than be the last to know and suffer needlessly along with everyone else. Come to IARFC Philippines’ Financial Implosion or Prosperity Forum!! August 17, 2012 8:30am – 5:30pm CITY GARDEN HOTEL MAKATI Makati corner Kalayaan Avenues, Makati City Register and pay on or before July 20, 2012 to avail of forum fee discount Contact IARFC Phils office TODAY Early Bird (on or before July 20, 2012) –
Please let them know that you got this information from Tes Wilson, RFC
