The study hypothesized three phases of economic attack. The second phase concluded with the stock market collapse, following a global bear raid using naked short selling and naked credit default swap buying. We will cover some of the evidence that this took place in future posts.
Phase Three of the attack appears to be underway, precisely as predicted in early 2009. This phase involves a direct attack on global currencies, particularly those in developed economies such as the U.S. dollar and Euro. Today’s announcements from China of steps to make the Yuan a global currency foreshadow replacement of the dollar as the world’s primary reserve currency. Events are occurring very rapidly, at a pace once believed impossible. Here’s a link to the Wall Street Journal article:
http://online.wsj.com/article/SB10001424052748703791904576076082178393532.html
Here’s a similar New York Times story link:
http://dealbook.nytimes.com/2011/01/12/bank-of-china-lets-americans-bet-on-yuan/?src=mv
This is just a small but important piece of the Phase Three puzzle. Fit together with other important facts, however, it becomes clear that serious change is underway with serious implications.
MORE TO COME on Phase Three and other key topics!
All posts Copyright (c) 2011 Kevin Freeman, All Rights Reserved
