IMF States Headquarters May Be In China In The Future – China In UK Securing Trade Deals Right Now – UPDATE: Yuan Trade deal reached with UK, No U.S. Dollars

IMF states headquarters may be in China in future . China in UK securing Trade Deals right now UPDATE Yuan Trade deal reached with UK, No U.S. Dollars (Sherry Questioning All, June 17, 2014):

The U.S. is grasping at their waning control of the IMF, which is frustrating Christine Lagarde and other countries.

Lagarde said the IMF needs to make reforms but the U.S. has been blocking them.  The IMF is suppose to be headquartered in the largest economy and that is going to be China in the future.  Lagarde said the U.S. is blocking China, India and Brazil who are coming up strong from having a voice in the IMF.

The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine   Lagarde said early this month.

Lagarde also pointed out that the U.S. government is an “outlier” among the G20 in  refusing to approve IMF reform, and the IMF was trying to give emerging economies like China and Brazil a bigger voice through reform.

According to Lagarde, on the part of countries like China, Brazil, and India, there is  frustration with the lack of progress in reforming the IMF by refusing to adopt the quota  reform that would give emerging economies a bigger voice, a bigger vote, and a bigger  share in the institution. “I share that frustration immensely,” she said.

 The U.Sis the only member with control weight in the votingmeaning that any major reform must be approved by the United States.

Now with Lagarde who is head of the IMF even saying the U.S. has waning influence besides saying the headquarters will most likely be in Bejing, that shows the writing is on the wall for the U.S.

Not just that.  It appears that China is now making deals with Britain.  The Premier of China is there today on official business.  I have read these type statements before in the Chinese news websites.  They don’t say it directly but it typically means, they are securing deals in trade eliminating the U.S. dollar.  Just read between the lines.

China, for its part, has a huge market, large foreign exchange reserves and a   competitive manufacturing sector, Li said, pointing out that the complementary  strengths of the two countries mean they have many areas for collaboration.
“We look forward to stronger cooperation in finance, infrastructure construction, among others, andmore robust exchanges in research, education, and culture,” Li said. “We look forward to win-winengagements.”

UPDATE 6/19/14 – China reached a Yuan trade deal with the UK.  U.S. dollar bypass. 
Just as I thought and read between the lines in the Chinese article.  The UK has reached a trade deal with China where the U.S. dollar will not be used.

While four other nations had already signed such accords withChina, the U.K.’s deal yesterday made it the first European country to do so. London has been competing with cities includingFrankfurt to become Europe’s offshore yuan hub. Direct trading of the yuan-pound pair is scheduled to start today.
“Given the sheer pace and scale of growth in renminbi trade, the opportunity for London cannot be overstated,” Peter Sands, group chief executive at Standard Chartered Plc in London, said by e-mail yesterday. “The appointment of an official clearer is a logical step in London’s development as a leading offshore renminbi center.”

It appears those that had never dared stepped on the U.S. toes previously are not worried about it now.  There must be much more going on that we as the public are not aware of.
This is saying the U.S. is going downhill where as other countries are becoming the leaders and more financially stable and prosperous.

I can only imagine how upset those in the top tier of the U.S. government were upset at Lagarde making this admission in the public and if our closest ally is securing trade with China, without the dollar possibly.

I don’t believe a single media outlet in the U.S. will relay this statement and information to the public.  This is not something CNBC will broadcast.

China will be the largest economy in the world very soon.  Why does the U.S. continue to piss them off?  China has been turning away from the dollar in their trade.  They have a very tight relationship with Russia now.  We all know what is happening with our relationship with Russia.

The writing is on the wall and now even those organizations that the U.S. has had the most influence with are frustrated due to the U.S. grasping at the melting straws.

2 thoughts on “IMF States Headquarters May Be In China In The Future – China In UK Securing Trade Deals Right Now – UPDATE: Yuan Trade deal reached with UK, No U.S. Dollars

  1. I have been saying this for weeks, if the Euro abandons the dollar, the dollar will collapse. Were it not for the Eurozone, the dollar would have collapsed before this…..which is why the IMF is being pressured to ignore any other emerging economy, Brazil or China. Here it is, Great Britain is now cutting a deal with the IMF, leaving the dollar out.
    I would say this means the world believes China will be the world’s biggest economy…….they are making a huge mistake. Maybe Brazil, but not China. China has been lying about everything, especially their financial standing. They lie about how much they export, how much they earn……..they cannot be trusted. China has 49 MILLION empty new houses, they lied about everything.
    China will not be the #1 economy. England has made a huge mistake believing them the big economy of the world.
    I think it might be Brazil, but not China. China has too many pollution problems, and their overpopulation is out of control. They face disease and other related difficulties……they will not be the #1 economy, Russia is more likely to have that status, not China. The UK should be making deals with China, but possibly Russia.
    Russia is making deals with China, so maybe this is the right move to make…………
    If the Eurozone dumps the dollar, that is the end for the US.

  2. A quote from the article:

    “It appears those that had never dared stepped on the U.S. toes previously are not worried about it now. There must be much more going on that we as the public are not aware of.”

    US media will continue their diatribe stories. Right now, Obama is making a statement on Iraq, not one word one any news channel about any other story. ‘man saves baby on freeway” on HLN. US media is a joke, a very bitter and obfuscating one. You can be sure they won’t tell the truth about this story, or any other one of truth.

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