Chinese Looking to Topple U.S. Dollar?

We have posted about this many times, so for a quick review...the U.S. Dollar is the world's reserve currency.  That means that every other currency pegs its value off the U.S. Dollar.  It also is the currency that is needed to buy oil.  So if you are China and want to buy oil from Iran....you need to use U.S. Dollars.

This has given us a HUGE advantage since we got this privilege in 1944...because we own the printing press to the currency that everyone else needs!!

So if you were China and looking to have a bigger place on the global stage...what might you want?  Well, you might want to get rid of the U.S. Dollar and replace the demand for it with your own currency.

On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar.  You see, the truth is that China does not plan to allow the U.S. financial system to dominate the world indefinitely.  Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years. 

Today, the U.S. financial system is the core of the global financial system.  Because nearly everybody uses the U.S. dollar to buy oil and to trade with one another, this creates a tremendous demand for U.S. dollars around the planet.  So other nations are generally very happy to take our dollars in exchange for oil, cheap plastic gadgets and other things that U.S. consumers "need".

Major exporting nations accumulate huge piles of our dollars, but instead of just letting all of that money sit there, they often invest large portions of their currency reserves into U.S. Treasury bonds which can easily be liquidated if needed.

So if the U.S. financial system is the core of the global financial system, then U.S. debt is "the core of the core" as some people put it.  U.S. Treasury bonds fuel the print, borrow, spend cycle that the global economy depends upon.

That is why a U.S. debt default would be such a big deal.  A default would cause interest rates to skyrocket and the entire global economic system to go haywire.

Unfortunately for us, the U.S. debt spiral cannot go on indefinitely.  Our debt is growing far, far more rapidly than our GDP is, and therefore our debt is completely and totally unsustainable.

The Chinese understand what is going on, and when the dust settles they plan to be the last ones standing.  In the aftermath of a U.S. collapse, China anticipates having the largest economy on the planet, more gold than anyone else, and a respected international currency that the rest of the globe will be able to use to conduct international trade.

And China is not just going to sit back and wait for all of this to happen.  In fact, they are already doing lots of things to get the ball moving.  The following are 9 signs that China is making a move against the U.S. dollar...

See all 9 signs here;  http://www.zerohedge.com/news/2013-10-18/9-signs-china-making-move-against-us-dollar

What??  In the aftermath of a U.S. collapse??  That could never happen!!  This is America!!

There is a guy at the office that continues to say, "China needs us a lot more than we need them!  They could never do anything to harm us because it would decimate them."

Really??

So let's say that China cashes in it's $1.2 trillion in IOU's and demands payment right now.  Let's say it leads to extreme hardship in USA (collapse) and even more hardships in China.  WHO DO YOU THINK could survive better eating chickens and living in cardboard boxes....Chinese or Americans?  So who would that leave sitting on the top of the hill when all the dust clears??

I believe it is becoming more obvious all the time that God is finished with the USA.  He grew us up and blessed us so that we could help protect Israel.  But now that God is getting ready to work with Israel Himself....maybe America is already fading away....