China Is Trying to Undermine the U.S. Dollar

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of Nomi Prins and her team of global experts. You’ll find all our issues [here](. And if you have questions or comments, shoot us a note anytime [here]( or at feedback@rogueeconomics.com. China Is Trying to Undermine the U.S. Dollar By Nomi Prins, Editor, Inside Wall Street with Nomi Prins In a [recent Mailbag edition]( I responded to a couple of readers’ questions about the U.S. dollar’s reserve currency status. In 1944, the Bretton Woods System pegged all currencies to the U.S. dollar. That system remained in place until the 1970s. But although it has had many challengers since then, the U.S. dollar reigns as the primary reserve currency to this day. I briefly touched on a few of those challengers in my response to the readers. And I mentioned that I had covered some of these in my 2018 book, Collusion: How Central Bankers Rigged the World. Recently, China purchased coal and oil from Russia in yuan. This was likely in response to Western sanctions against Russia. The emergence of a so-called petroyuan may prove a credible threat against the U.S. dollar’s domination over time. (Petroyuan refers to oil futures contracts priced in yuan.) But China pushing its currency forward on the world stage is nothing new. Nor is its alliance with Russia… [Featured: Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”]( So today, I’m sharing an extract of Collusion with you. It’s all about China’s efforts to undermine the U.S. dollar and have its own currency recognized. It essentially amounted to a declaration of monetary policy warfare against the U.S. dollar and a challenge to the old economic order. Recommended Link [Will You Be Left Behind?]( [image]( The same ‘experts’ who failed to predict the last financial crisis, the rise of Bitcoin, and the shocking election of Donald Trump are warning of big trouble ahead. But once again, they’re dead wrong. And if you listen to them now, it could cost you dearly. Nomi Prins has spent the last two decades investigating the truth about our financial system. And today, she’s issuing an alarming new prediction… She says: “When you really understand what’s happening in our financial system, you’ll see the truth is MUCH stranger than the mainstream media is telling you. We’re on the brink of the greatest wealth transfer in the history of America… Many will be left behind.” [Click here to make sure you’re not one of them.]( -- Cast of Characters Here are some names you’ll want to keep in mind as you read the excerpt… Ben Bernanke: Chair of the Federal Reserve of the United States from 2006 to 2014. Timothy F. Geithner: U.S. Treasury secretary from 2009 to 2013. President of the Federal Reserve Bank of New York from 2003 to 2009. [Featured: If you’ve got any money in a U.S bank account or retirement plan… Click Here]( Luiz Inácio Lula da Silva: President of Brazil from 2003 until 2011 (reelected in 2006). He was the founder of the leftist Workers Party. Zhou Xiaochuan: Governor of the People’s Bank of China from 2002. In 2009, at a pivotal moment of financial instability, Zhou gave a speech titled “Reform the International Monetary System.” It questioned the role of the dollar as a reserve currency. Zhou pressed for and achieved the yuan’s inclusion in the IMF special drawing rights (SDR) basket. Recommended Link [Expert Says Now Is Not Time to Panic, “Buying Opportunity of a Lifetime”]( [image]( Stocks have taken a brutal beating this year. It feels like chaos. And the question on most people’s minds is… what do we do? [Click Here For Answers.]( -- There will also be a glossary of terms at the end of the excerpt for your reference. To read the excerpt, [follow this link](. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: China Is Trying to Undermine the U.S. Dollar). --------------------------------------------------------------- MAILBAG What are your thoughts on China’s desire to take away the U.S. dollar’s reserve currency status? If China were successful, how would that impact U.S. and global finance? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: China Is Trying to Undermine the U.S. Dollar). IN CASE YOU MISSED IT… [These 27 items may sell out forever]( At time stamp 33:10, crisis investor Dave Forest begins pulling items out of a bag to reveal some of the 27 items you need to have on hand right now. “When the coming crisis hits cruising speed, these essential items could sell out quickly and never be restocked.” [Click here now to see what’s in Dave’s bag (VIDEO).]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [How to Earn Free Bitcoin]( [The Ultimate Guide to Taking Back Your Privacy]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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