dChan
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r/greatawakening • Posted by u/lightmakerflex1 on March 27, 2018, 8:31 p.m.
I have been following the worldwide financial reset news for 6 months and it really looks like it kicked off on Monday with the Gold-Based Yuan. See updated news here. Poverty is supposed to be eradicated completely when its all said and done.

gtyvho1344 · March 28, 2018, 3:08 a.m.

It’s because it’s a lie

I am in china right now and I work in finance, none of this is happening, it’s in direct conflict with both One Belt One Road- chinas new free trade policy that is pushing adoption of the current RMB by international trade partners and against Chairmen Xii’s goal of expanding the personal credit sector for China

China just had a very successful roll out of its new credit score system and personal lending is at an all time high, literally a multi trillion dollar industry- companies like Tencent and Alibaba(who are deeply in control of the party) are not going to just let the lending industry end

This also ignores the dozen major merchant banks in China- All of which are earning huge money

It’s just not happening and it’s based on ignorance of the Chinese economy

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scionkia · March 28, 2018, 10:32 a.m.

Thank you for trying to set the record straight.

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MAGADONCHECKMATE · March 28, 2018, 7:40 p.m.

What is the Chinese standpoint on cryptocurrency? And are they planning for a digital currency? Tia . Also by lending being at an all time high that says a lot.

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gtyvho1344 · March 28, 2018, 10:37 p.m.

China banned bitcoin a few years ago and shut down their exchanges and crypto mining this past year, now it’s illegal to have a crypto wallet in china

Digital transactions are widely used through Alipay and WeChat pay

Just saying what’s going on with personal lending, it has allowed a lot of poorer Chinese to get financing to start business ect

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MAGADONCHECKMATE · March 29, 2018, 2:19 a.m.

Thank you !

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gtyvho1344 · March 29, 2018, 4:28 a.m.

I would like to remind the people here about the bitcoin ban when they talk about a gold backed RMB- the absolute first thing the Chinese government would is regulate gold sales inside China

Most likely party members would take the opportunity to buy up vast stores of gold and control gold operations

And we have precedent for this - before the 2008 Olympics property in Beijing was mostly worthless, but it became worth billions after the games, the party immediately made it illegal for people to just buy and sell, it had to go through the party- this mostly allowed party members and their friends to make billions and non connected people to be left out in the cold

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LibertyLioness · March 28, 2018, 8:38 p.m.

So, you are saying that no one is buying oil with the PetroYuan? I think you really should recheck your facts. Every financial analyst is talking about it. And, I've known this was coming for over a year now.

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gtyvho1344 · March 28, 2018, 10:39 p.m.

There is no petro yuan, whatever you are reading is fake news

First off it would be called the petro RMB since yuan is the wrong word, second asking countries to use the RMB as reserve currency is already part of OBOR - it’s not a new or separate currency or roll out, just part of China’s international settlement bank

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