New asian union means the fall of the dollar

Events occurring over the past decade in Asia have been mislabeled and misunderstood. What some economists see as total collapse is actually an engineered transition. This progression of globalism is a deliberate program of centralization meant to further the goals of world economic and political totalitarianism. The suffocating collectivism in Asia today is the exact social plan intended for the West tomorrow.

Globalization links disparate cultures together through circumstance. If one goes down, all go down. Certain countries have moved to insulate themselves from the domino effect of debt implosion, one of the primary examples being China.

Image via Wikipedia

Since at least 2005, China has been taking the exact steps required to counter the brunt of a global debt collapse; not enough to make it untouchable, but enough that its infrastructure will survive.

Yuan bonds have gone global, China has dropped the dollar in bilateral trade with Russia and the ASEAN trading bloc has become a tight shell of export partners. Two major announcements indicate that a complete dump of the dollar by Eastern interests is near: China is actively and openly pursuing the establishment of a central bank for the whole of ASEAN, with the yuan as the reserve currency instead of the dollar, and the inclusion of Japan in ASEAN, something which many said would take years to unfold.

Japan has entered into an agreement to drop the dollar in currency exchange with China, and has also struck similar deals with India, South Korea, Indonesia and the Philippines.

This means that the two largest foreign holders of US debt and dollars will soon be in a position to tap into an export market far more profitable than that of America, and that all this trade will be facilitated by currencies other than the dollar. It means the end of the dollar as the world reserve currency, and probably the end of the dollar as we know it.

To read Brandon Smith article: New asian union means the fall of the dollar

Related articles

• New Asian Union Means The Fall Of The Dollar (anationbeguiled.wordpress.com)
• New Asian Union Means The Fall Of The Dollar – BlackListedNews.com (2012indyinfo.com)
• Ben Fulford comments on his blog: New Asian Union Means The Fall Of The Dollar (jhaines6.wordpress.com)
• Demise of the Dollar; adding debt like there’s no tomorrow (tradewindtrolleydodger.com)

Tagged as: ASEAN, Asia, China, Japan, Philippines, Reserve currency, South Korea, United States