BOMBSHELL: BOE’s Carney Sees Chinese Yuan As Future World Reserve Currency, And That’s Not Even The Bombshell!

The Bank of England’s Governor just dropped a truth bomb about Belt & Road building China, and then came this largely missed bombshell…

So the BOE’s Mark Carney just dropped a little truth bomb about world reserve currencies in general, and China specifically.

From Reuters:

“As the world re-orders, this disconnect between the real and financial is likely to reduce, and in the process other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the RMB,” Carney said, referring to the Chinese currency.

Of course Carney would say something like that.

Why?

China has been slowly but surely creeping-in and gaining more influence in various markets in the City of London, so it comes as no surprise the BOE’s Governor would be willing to sing the praises of China, because, you know, everybody knows bread tastes better if it’s buttered.

But let me show the quote again, and this time notice what I’ve highlighted in bold:

“As the world re-orders, this disconnect between the real and financial is likely to reduce, and in the process other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the RMB,” Carney said, referring to the Chinese currency.

Ah-ha!

Ka-Boom!

Read that bold-faced phrase one more time to let it sink in real good.

Now, let’s translate that banker-speak into actual English.

It’s ironic you know: When you have to translate English into English, that just goes to show you how bass-ackwards this world has become.

But I digress.

Back to the topic at hand.

When we translate Mark Carney’s rubbish into actual English, this is what we get:

PAPER ASSETS are coming down in price as REAL ASSETS are going up in price.

Or we could say:

OVERVALUED FINANCIAL ASSETS are about to drop in price while UNDERVALUED REAL ASSETS are about to rise in value.

OK, “Hey Half Dollar, he never said the disconnect “will” reduce, he only said that the disconnect is “likely” to reduce. There’s a big difference between something that is likely to happen and something that will happen you cherry picker!”.

Hmmm.

Interesting point, but I disagree.

He’s a central banker.

He’s not going to say the word “will”, so it is not the exact word choice he used that is important, but rather, it is the message. There is indeed a message embedded in his words quoted above, and that message is a signal about what’s to come to the markets.

Remember how the evil globalists like to announce what their plan is before they execute it, so that the evil globalists, in their own sick and twisted way, are relieved of any guilt by having warned the sheeple ahead of time?

Yeah, that’s applicable here.

So back to the main point.

What are the paper assets Mark Carney is talking about?

Oh, the stock market, the bond market, and the derivatives market – basically the financially-engineered central bank induced and government approved farces that are only at the levels they are at because of the non-stop money printing and market manipulation.

The financial, paper assets are basically the phony markets that politicians and central bankers think they have been able to dupe the masses with.

Well, they have duped the masses.

And for many years.

But the politicians and bankers will not be able to dupe the masses for much longer.

As such, it’s time for reality to come bursting onto the scene, and by reality bursting onto the scene, I’m talking about how the fundamentals are going to re-assert themselves onto the world stage.

Because technically speaking, fundamentals matter.

Let’s look at a graph to visualize what I’m talking about:

The green circles indicate when the Goldman Sachs commodity index (GSCI), including two precious metals (i.e. gold + silver), are priced too low.

And the red circles indicate when the commodities are priced too high.

And what is significant about that chart?

That’s right.

It basically shows the cycles since Nixon’s 1971 gold exchange window closing going full fiat Federal Reserve note to follow.

You see, other than periodic deceptive manipulations adjustments in gold price history, such as when gold was revalued from $20.67/oz to $35/oz in 1934, gold remained stable in price for hundreds of years.

That is, until Nixon closed the gold window.

Since that Sunday evening in August of 1971, the world has been subjected to non-stop central bank financialization.

Financialization works right up until the point that it doesn’t, and I am suggesting that we find ourselves at that point today – the point at which the Central bankers either can’t, or won’t, keep their latest bubble inflated.

Bottom line?

One of the most “powerful” and “influential” world “leaders” is telling us that paper assets are going to come crashing back down to earth while gold, silver, and the commodities are going to skyrocket.

The dots are always there.

Even a former Federal Reserve board governor warned us.

Today we see two more dots in the world’s oldest central bank head quoted above.

All we have to do is connect them.

– Stack accordingly…


 

About the Author

U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.

***