China, Japan And Korea Sign New Monetary Union Accords
Big news, so we won't see it in the US: China, Japan and South Korea have finalized the second stage of their currency unification project! The euro has blazed this path quite clearly. The IMF and the US hates this development and tried mightily to stop it. But we have no 'leverage' anymore. This union is the joining up of the world's biggest FOREX reserves and will be used to build a huge financial fortress to protect Asia if the US decides to cheat them by either devaluing the dollar against their currencies or going bankrupt! Japan was tempted for a year to side with the US and Europe against China's currency but last summer showed how the Chinese soundly defeated the Japanese in this matter. Japan surrendered last September and now is joining China against the other G7 partners. And I predicted this! HA.
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