It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
TextThis Is It! China Surpasses U.S. As Number One Global Trading Power
TextFor the past decade, China has been slowly but surely issuing Yuan-denominated bonds and securities around the globe, while simultaneously forming bilateral trade agreements with multiple nations and cutting out the U.S. dollar as the world reserve currency.
This process has gone mostly ignored by the mainstream financial media. However, I and many other independent analysts could not overlook the red flags. I tried to summarize as much of the situation and facts as I could in my article ‘How The U.S. Dollar Will Be Replaced’, which was published in May of last year:
TextAs I have stated for many years, China is being groomed as an alternative economic engine in opposition to the United States, and that this will lead to an eventual dump by them of the Greenback. This scenario is not only based on my opinion, it has also been spoken of openly by elitist financiers, including George Soros:
TextThe time has come. China is nearly ready for IMF inclusion. Volatility around the world is high.
Our government has a final decision to make on the Fiscal Cliff in March, not to mention the sudden push for possible gun registration and confiscation. My instincts tell me that so many explosive aspects coalescing together at the same tenuous moment is not a coincidence.
The next few months call for hyper-vigilance and every ounce of energy we can muster to educate as many people as possible in as short a time as possible. I say again, China has surpassed the U.S. in global trade. A drop of the dollar is the obvious next step…
TextMeat Industry May Shut Down For Weeks Due To U.S. Spending Cuts
TextWASHINGTON, Feb 8 (Reuters) - The Obama administration warned on Friday that across-the-board spending cuts set to take effect in March may result in furloughing every U.S. meat and poultry inspector for two weeks, causing the meat industry to shut down.
By law, meatpackers and processors are not allowed to ship beef, pork, lamb and poultry meat without the Agriculture Department's inspection seal. The prospect of mass furloughs of meat and food inspectors was part of a broader White House warning about the effects of the potential spending cuts on everyday life.
Meatpackers said a shut-down would devastate consumers as well as their industry. President Barack Obama and congressional Republicans still must resolve differences over spending cuts and tax increases, dubbed the "fiscal cliff," which essentially was delayed by both sides from happening on Jan. 1 and was pushed back until March.