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Putin and Xi Jinping are “dear friends” and they are both working on a New World Order

Xi Jinping visited Vladimir Putin today, and they both called each other «dear friends.» Xi says China is ready with Russia to stand guard over world order based on international law, on Moscow visit earlier today. Xi added that with Russia, China was ready to defend the UN-centric international system.

Xi pushes China to play a more dominant role in managing global affairs. China`s New World Order is on the way.

This is what the war in Ukraine is about: the new world order. The war in Ukraine is set to fundamentally transform the International order, and some people call it the world`s «de-Westernization».

A World Order is an impressive work that focuses on the geopolitical distribution of power, Henry Kissinger wrote in his book World Order.

During the 20th century, political figures such as Woodrow Wilson and Winston Churchill used the term «new world order» to refer to a new period of history characterized by a dramatic change in world political thought and in the global balance of power after World War I and World War II.

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The interwar and post-World War II periods were seen as opportunities to implement idealistic proposals for global governance by collective efforts to address worldwide problems that go beyond the capacity of individual nation-states to resolve while nevertheless respecting the right of nations to self-determination.

Such collective initiatives manifested in the formation of intergovernmental organizations such as the League of Nations in 1920, the United Nations (UN) in 1945, and the North Atlantic Treaty Organization (NATO) in 1949, along with international regimes such as the Bretton Woods system and the General Agreement on Tariffs and Trade (GATT), implemented to maintain a cooperative balance of power and facilitate reconciliation between nations to prevent the prospect of another global conflict.

After World War II, they all said; «Never again», and the winners, led by America, drafted conventions that defined unpardonable crimes against humanity, and sought to impose costs on those committing them.

Recalling the economic disasters and human miseries that paved the way to world war, the framers of this order built the UN and other international institutions to promote cooperation and development.

Progressives welcomed international organizations and regimes such as the United Nations in the aftermath of the two World Wars but argued that these initiatives suffered from a democratic deficit and were therefore inadequate not only to prevent another world war but to foster global justice, as the UN was chartered to be a free association of sovereign nation-states rather than a transition to democratic world government.

British writer and futurist H.G. Wells went further than progressives in the 1940s by appropriating and redefining the term «new world order» as a synonym for the establishment of a technocratic world state, and of a planned economy, garnering popularity in state socialist circles.

Right-wing populist John Birch Society claimed in the 1960s that the governments of both the United States and the Soviet Union were controlled by a cabal of corporate internationalists, «greedy» bankers, and corrupt politicians who were intent on using the UN as the vehicle to create a «One World Government».

This anti-globalist conspiracism fueled the campaign for U.S. withdrawal from the UN.

In his speech, Toward a New World Order, delivered on 11 September 1990 during a joint session of the US Congress, President George H.W. Bush described his objectives for post-Cold War global governance in cooperation with post-Soviet states. He stated:

«Until now, the world we`ve known has been a world divided – a world of barbed wire and concrete block, conflict, and the cold war. Now, we can see a new world coming into view. A world in which there is the genuine prospect of new world order.

In the words of Winston Churchill, a «world order» in which «the principles of justice and fair play …. protect the weak against the strong…..»A world where the United Nations, freed from cold war stalemate, is poised to fulfill the historic vision of its founders. A world in which freedom and respect for human rights find a home among all nations.»

The New York Times observed that progressives were denouncing this new world order as a rationalization of American imperial ambitions in the Middle East at the time.

And now, everything has changed. Again. China`s New World Order is coming.

We are moving from a Unipolar world to a Multipolar world where Europe and the U.S. are less influential. The war in Ukraine is dividing opinions between people in Western nations, and those in countries like China, India, and Turkey, a new poll suggests.

The war in Ukraine has laid bare the «sharp geographical divides in global attitudes» on «conceptions of democracy, and the composition of the future international order,» according to a new survey from the European Council on Foreign Relations (ECFR).

While Western allies have «regained their sense of purpose on the global stage,» the gulf between their perspective and the «rest» has grown wider, the ECFR added.

There are different views about the general role the West will play in the future world order. Some people expect a new bipolar world of two blocks led by the U.S. and China, whereas there were signs that most people in major non-Western countries see the future in more multipolar terms.

China has always been in front. The silk road is known for all the roads from China to Europe, and nobody knows how old it is, but it can be as old as ten thousand years. The silk road was popular because the Chinese sold silk to Europe.

Today, China is still in front as they are considered to be the factory of the world. But this is probably not a surprise for people in China. Why?

For more than two millennia, nomarchs who ruled China proper saw their country as one of the dominant actors in the world. The concept of Zhongguo (the Middle Kingdom, as China, calls itself), is not simply geographic.

It implies that China is the cultural, political, and economic center of the world.

This Sino-centrist worldview has in many ways shaped China`s outlook on global governance. The rules, norms, and institutions that regulate international cooperation. The decline and collapse of imperial China in the 1800s and early 1900s, however, diminished Chinese influence on the global stage for more than a century.

But China is back. China has reemerged as a major power in the past two decades, with the world`s second-largest economy and a world-class military. It increasingly asserts itself, seeking to regain its centrality in the international system, and over global governance institutions.

These institutions, created mostly by Western powers after World War II, include the World Bank, which provides loans and grants to developing states, the International Monetary Fund, which works to secure the stability of the global monetary system; and the United Nations, among others.

President Xi Jinping, the most powerful Chinese leader since Mao Zedong, has called for China to «lead the reform of the global governance system,» transforming institutions and norms in ways that will reflect Beijing`s values and priorities.

For over two thousand years, beginning with the Qin dynasty (221-226 BCE) and ending with the collapse of the Qing (1636-1911 BCE), monarchs who ruled China proper invoked a mandate of heaven to legitimate their own rule and rhetorically assert their own centrality to global order, even though they never built a truly global empire.

Even when China`s influence collapsed in the nineteenth and twentieth centuries, Chinese elites dreamed of regaining global influence.

At the end of World War II, China became an initial member of the United Nations and seemed poised to play a larger role in the new international order. But after the Communist Party won the civil war and took power in 1949, China rejected the international system and tried to help create an alternative global governance order.

Frustrated with the existing international system, the Republic of China (Taiwan) remained seated on the UN Security Council, instead of the People`s Republic of China, Beijing promoted alternative values and institutions.

In 1953, Premier Zhou Enlai enunciated «The Five Principles of Peaceful Coexistence», mutual respect for sovereignty, territorial integrity, mutual nonaggression, noninterference in each other`s international affairs, equality, mutual benefit, and peaceful coexistence.

Endorsed by leaders of many newly independent former colonies, these principles formed a basis for the nonaligned movement (NAM) of the 1960s. NAM became a counterweight to Western-dominated global governance.

China returned to the international system in the early 1970s and rebuilt its ties with the United States. It accepted a weaker international role and sought to participate in the institutions and rules set up after World War II.

After the end of the Mao era, China opened up in the 1980s and 1990s, reformed its economy, and increased its role in global governance, including by cooperating with international institutions. During this time, China adapted many domestic laws to conform to those of other countries.

Deng Xiaoping, who ultimately succeeded Mao, oversaw major economic reforms in the late 1970s and early 1980s, which launched China`s growth and ultimately increased its global reach. Deng introduced market reforms, and encouraged inflows of foreign capital and technology, among other steps.

During this period, China also joined more global financial and trade institutions, including the International Monetary Fund (IMF), the World Intellectual Property Organization, and the Asian Development Bank.

In 1989, the Chinese government violently cracked down on democracy protestors in Beijing`s Tiananmen Square, and elsewhere in the country, which resulted in widespread international condemnation.

To help rebuild its reputation and ties with other countries, beginning in the early 1990s, Beijing increasingly embraced multilateralism and integration with global governance institutions. Beijing signed multilateral agreements it had previously been reluctant to join.

In the first decade of the twenty-first century, China often proved willing to play by international rules and norms. As its economy grew, however, Beijing assumed a more active role in global governance, signaling its potential to lead and challenge existing institutions and norms.

The country boosted its power in four ways; it took on a bigger role in international institutions, advertised its increasing influence, laid the groundwork to create some of its own organizations, and sometimes subverted global governance rules.

In 2010, China surpassed Japan to become the world`s second-biggest economy and earned the third-greatest percentage of votes in the World Bank, and the International Monetary Fund (IMF). It also created its own Multilateral Organizations.

China started to create its own Beijing-dominated institutions. A process that would expand in the 2010s. In the previous decade, Beijing had established the Shanghai Cooperation Organization (SCO), which built on the earlier Shanghai 5 group, and brought together China, Russia, and Central Asian states.

In the 2010s, the SCO would become a vehicle for China to challenge existing global norms, such as pushing its idea of closed internet controlled by governments, rather than one global, open internet.

Under President Bush and Obama, Washington generally accepted that Beijing would increasingly support global governance norms and institutions. In 2005, U.S. Deputy Secretary of State Robert Zoellick publicly urged China to become a «responsible stakeholder» in the international system.

The Donald J. Trump administration, by contrast, has expressed greater concern over Chinese efforts to subvert existing norms and has pushed back against Beijing`s efforts to use international institutions to promote Chinese foreign policies and programs like the Belt and Road Initiatives.

But China challenges International norms and rules. Under Jiang Zemin`s successor Hu Jintao, China more openly challenged international norms. Beijing asserted that its sovereignty over disputed areas of the South China Sea was a «core interest,» and «non-negotiable, « despite participating in negotiations with other claimants.

Beijing also expanded its footprint in the South China Sea; it built military facilities on disputed islands and artificial features. And it expanded its aid around the world.

Since the early 2010s, as China`s economic and military power has grown, so too has its ambition and capability to reform the global governance system to reflect Beijing`s priorities and values.

Some of the priorities Beijing promotes in global governance are defensive in nature and reflect long-standing. Chinese aims: preventing criticism of China`s human rights practices, keeping Taiwan from assuming an independent role in international institutions, and protecting Beijing from compromises to its sovereignty.

Yet China also now seeks to shape the global governance system more offensively, to advance its model of political and economic development. This development model reflects extensive state control over politics and society and a mix of both market-based practices and statism in core sectors of the economy.

Xi Jinping has called for more shared control of global governance. He has declared that China needs to «lead the reform of the global governance system with the concepts of fairness and justice».

The terms fairness and justice signal a call for a more multipolar world, one potentially with a smaller U.S. role in setting international rules. The Donald J. Trump administration`s retreat from global leadership has added to China`s opportunity to fill the void and promote multipolar global governance.

China is now pushing for a bigger role in International agencies. Chinese officials lead four of the fifteen UN specialized agencies. They are also creating alternative institutions. Beijing is building its own, China-centered institutions.

In 2013, Beijing launched the Belt and Road Initiatives. A vast plan to use Chinese assistance to fund infrastructure, and boost ties with, other countries, like their neighbor Russia. Beijing`s more proactive global strategy serves the Xi administration`s dream of returning China to its past glory.

China`s evolving global governance strategy is most apparent in four major issues; global health, internet governance, climate change, and development finance.

China seeks to become a leader in global internet governance and to promote the idea of «cyber sovereignty». That a state should exert control over the internet within its borders. In October 2017, Xi Jinping unveiled his plans to make China a «cyber superpower.»

Globally, Beijing promotes its domestic cyber sovereignty approach to internet governance, which hinges on Communist Party control and censorship. Xi`s administration uses increasingly advanced technology to dominate the domestic internet and social media, blocking global search engines, and social media sites, and promoting domestic versions.

China`s domestic internet offers an alternative to existing, freer models of internet governance, and Beijing also uses its influence at the United Nations, and other forums to push countries to adopt a more closed internet.

Meanwhile, Chinese corporations such as Huawei, and CloudWalk have supplied repressive governments in Venezuela and Zimbabwe with surveillance tools like facial recognition technology.

And the Belt and Road Initiative (BRI) contains a «Digital Silk Road Initiative» that includes inviting foreign officials to participate in workshops on information technology policy, including controlling the internet.

If China and Russia can set the standards for internet governance, they could pave the way for other countries to embrace cyber sovereignty, sparking a divided world with two internets. One is generally open, and the other is closed and favored by autocracies.

The world has become less democratic in recent years. Democracy is in decline. The number of people that have democratic rights has recently plummeted: between 2016 and 2022, this number fell from 3,9 billion to 2,3 billion people.

The world underwent phases of autocratization in the 1930s and again in the 1960s and 1970s. Back then, people fought to turn the tide and pushed democratic rights to unprecedented heights. But what now? Can we do the same again?

A new Chinese world order is coming, and they are not democratic.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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We are at a turning point and “the great reset” has begun

There are a lot of people out there talking about «The Great Reset.» It is also known as the «Liberal World Order», and it can also refer to a conspiracy theory called New World Order. The term «Great Reset» comes from the World Economic Forum and Klaus Schwab.

Scwab wrote the preface to a 2010 report of the World Economic Forum`s «Global Redesign Initiative», which postulates that a globalized world is best managed by more vital multinational institutions.

According to the Transnational Institute (TNI), the WEF is planning to replace a recognized democratic model with a model where a self-selected group of «stakeholders» makes decisions on behalf of the people.

The think tank summarises that we are increasingly entering a world where gatherings such as Davos are «a silent global coup d`etat» to capture governance.

Naomi Klein, in a December 2020 article in The Intercept, described the WEF idea as a «Great Reset Conspiracy Smoothie.»

She said that it was simply a «coronavirus-themed rebranding» of things that the WEF was already doing and that it was an attempt by the rich to make themselves look good. Klein wrote that Schwab had given each meeting at Davos a theme since 2003. «The Great Reset is merely the latest edition of this gilded tradition, barely distinguishable from earlier Davos Big Ideas.

According to Klaus Schwab who wrote the book «The Great Reset,» the Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic.

The project was launched in June 2020, with a video featuring the then Prince of Wales Charles released to mark its launch. The initiative`s state aim is to facilitate rebuilding from the global COVID-19 crisis in a way that prioritizes sustainable development.

WEF chief executive officer Klaus Schwab described three core components of the Great Reset: creating conditions for a «stakeholder economy», building in a more «resilient, equitable, and sustainable» way, utilizing environmental, social, and governance (ESG) metrics; and «harness(ing) the innovations of the Fourth Industrial Revolution.»

IMF`s director Kristalina Georgieva listed three key aspects of a sustainable response to COVID-19: green growth, smarter growth, and fairer growth.

«The Great Reset» was to be the theme of the 2021 WEF annual summit in Davos, scheduled for January 2021. Due to disruption from COVID-19, the summit was postponed to May 2021.

The Davos 2022 theme was «History at a Turning Point,» and the summit was dominated by the Russian invasion of Ukraine. So, the war in Ukraine is not only about the survival of Ukraine, but about the whole International world order.

The WEF sees opportunities and has this to say on its website: «As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons.

Drawing from the vision and vast expertise of the leaders engaged across the Forum`s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honors the dignity of every human being.»

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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It will be a deeper UK recession after the tax U-turn

Boris Johnson is out because he went too much on the left side. PM Liz Truss came in, but she`s also in trouble because Jeremy Hunt didn`t like her tax cuts. Farage believes he`s a globalist asset. Hunt is reversing most of PM`s flagship «mini-budget» tax cuts.

Jeremy Hunt was beaten by Boris Johnson in 2019. Hunt is also the man who was knocked out in the first round of the leadership contest this year. According to Farage, Hunt is not just a Chancellor. He`s running the country. He believes it`s a globalist coup.

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Joe Biden like this a lot. He`s so delighted. The IMF, OECD, BOE, the treasury, and the Chancellor of Germany are all over the moon. They all want a bigger state, with more significant taxes, and that was the sin of what was proposed by Kwaseng. He wanted people to keep more of their own money, and perhaps in time reduce the size of the state.

The conservative party stands for lower taxes. Like the conservative party in the United States. It`s their main goal. Their agenda. Furthermore, they stand for individual freedom, limited government, peace through strength, and free markets to name a few.

This is a historic moment. I have never seen something like this before. What a mess. Political chaos. The United Kingdom is in trouble. Economically, but also socially. It will take some time to get out of this mess.

Hunt wants people to pay more taxes because he wants a bigger government. He wants small businesses to pay more tax, and they have declared war on the self-employed, according to Farage. Taxes on small companies will rise significantly. In addition, there will be a major rise in corporation taxes and dividend taxes.

Wall Street bank, Goldman Sachs came out with a note on Sunday, and they see a deeper UK recession after the tax U-turn.

Goldman Sachs downgraded Britain`s outlook, and revised its 2023 economic output forecast to a 1% contraction from an earlier forecast for a 0,4% output drop, with core inflation seen at 3,1% at the end of 2023, down from 3,3% previously.

«Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significantly recession,» Goldman analysts led by Sven Jari Stehn said in a note dated Sunday.

«The persistence of core inflation and the continued tightness in the labor market suggests that the BoE still needs to take more monetary policy into significantly contractionary territory,» Goldman analysts wrote.

«That said, following PM Truss`s policy reversal we think there is less pressure for the BoE to act aggressively in the coming meetings,» they added.

Experts believe Liz Truss will be out as Prime Minister within weeks. So, this is how a democracy is working? Who voted for Hunt with his left-wing policy?

The statement that was made by Hunt earlier today is just in line with the leftist Labor party. It seems like the Tory party is dead. So, what`s the point of a conservative right-wing party at all?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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French Income tax would be scrapped for everyone under 30, and interest-free loans of up to €100,000 would be offered to younger families under Marine Le Pen

It`s time for the final round of the presidential battle in France, and Wednesday 20th will be critical for both, Macron and Le Pen. Those who win the war on words on Wednesday can end up as the next president in France.

But many people in France don`t know what to vote for this time. Le Pen is a far-right politician, and she and her party are in a good position to win this time. Opinion polls show that 47% of French voters want Le Pen to win.

Marine Le Pen sent shockwaves through Europe with her latest comments on NATO.

Le Pen said in a press conference that France will leave NATO if she wins the presidency. In 2019, Macron warned Europe and said; NATO is becoming brain-dead. He also said that Europe can no longer rely on America to defend NATO allies.

Macron said on October 21, 2019, that it is high time for Europe to «wake up».

Le Pen also suggested a strategic reconciliation between NATO and Russia once the war is over. On top of that, she wants to reform the EU from the inside. This is why Europe and NATO are so nervous over the French election on Sunday.

Le Pen believes that France can be useful in the resolution of the world`s great disorders, if and only if it is independent. What protesters don`t like is that Le Pen will start an alliance with Putin if she wins the election.

This election is crucial not just for France, but for the whole of Europe, and this is why investors should care. Le Pen is opposed to globalization, and she believes that it is a threat to French society. She proposed the replacement of the world trade organization. And the abolition of the IMF.

Le Pen is also against immigration and considers it a tool of Islamic extremism. Her party is best known for immigration issues, but less known for its economic policies. But she has changed since 2017, and she`s more focused on people`s cost of living.

She wants to eliminate VAT on a basket of foods while cutting the rate from 20 to 5 percent on electricity and petrol. She is more protectionist, and nationalist than Macron who is considered to be a man with a business-friendly agenda.

«Give the French their money back», is Le Pen`s slogan, and she has proposed big tax cuts and new spending. Income tax would be scrapped for everyone under 30, and interest-free loans of up to €100,000 would be offered to younger families, with the debt forgiven if they had three children.

This is good news for yellow vest protesters that started the «Gilets Jaunes» movement in France in 2018, originally a protest against a tax rise on petrol and diesel.

A French sovereign wealth fund would be created to promote an economy focused on what she calls «localism» as opposed to Macron`s «globalism».

People in France believe that Macron is a «president of the rich», and younger voters are angry mostly because of the nationwide cost of living crisis. Younger voters are also angry because of the lost years of their life due to the Covid pandemic and government lockdowns. This has also made an anti-establishment group against the French government.

Marine Le Pen knows this, and that`s why she is focusing on younger voters. The inflation in the eurozone is at its highest ever, and purchasing power and the cost of living is the single most important issue for 58% of voters and a clear majority within every age group except for those 18 to 24, for whom the environment ranks first.

Marine Le Pen is anti-NATO and anti-EU, friendly with Russia`s Vladimir Putin, and she doesn`t want a Frexit, and that has come under scrutiny.

Last Sunday was a good day for Mèlenchon, who finished close behind Le Pen. Polls suggest 30% of Mèlenchon voters might vote for Macron, and 23% for Le Pen. The rest is expected to abstain or vote blank next Sunday.

Macron made history in 2017 when he became the youngest president in France at the age of 39. He promotes democracy and liberalism, and he`s a globalist. He is a favorite to win the election, and 53% want him to be re-elected.

But, it can also be a close race, while 40% of the French voters are still undecided, so the outcome is uncertain. If Macron wins again, it would be a symbolic moment as he will be the first president for 20 years to win a second term.

Four years ago, the man behind Brexit, Nigel Farage, predicted that Marine Le Pen will win the French presidential election in 2022. Time will show.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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China`s digital currency dominance

China`s new digital currency e-yuan is a big threat to the US dollar. E-yuan is expected to give China`s government vast new tools to monitor both its economy and its people. This is not only about the CCP`s ability to control China`s economy but also about their increasing global power, and it`s long running battle with the US dollar.

China has long said they are in war on Bitcoin. What some people don`t like is that Bitcoin is decentralized, but China`s digital currency is controlled by the CCP. In other words; the CCP can see everything you are doing with it.

Nearly 90% of foreign-exchange transactions involve dollars and more than 60% of all global central-bank reserves are held in dollar-denominated assets, and that gives the US tremendous power. But China doesn`t like that at all.

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This is obviously a US security issue, but it doesn`t look like the Biden administration care much about right now. But they should, and that very fast if you ask me. The US often use sanctions on other countries, but now China can use their digital currency as a weapon on the US.

The communist China are pushing the IMF to the SDR (special drawing rights) issue. The currency value of the SDR is determined by summing the values in U.S dollars, based on market exchange rates, of a basket of major currencies.

The IMF`s SDR, the international reserve asset created in 1969 to prepare for a new dollar crisis, is undergoing a renaissance, with important worldwide repercussions. The announcement of by far the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power.

The US now agrees with using the IMF`s balance sheet to boost world liquidity. They are planning to more than triple SDR allocations by at least $500bn. This reflects a change in US policy to back measures strongly advocated last year by China as well as leading European and African countries.

Rich nations with large reserves will distribute part of their plentiful SDR stocks to poor countries.

The massive increase in SDR reserves, which can be converted into its five constituents; the dollar (42%), euro (31%), renminbi (11%), yen (8%) and sterling (8%) will indirectly boosts the Chiniese currency`s international reserve role, according to OMFIF (Official Monetary and Financial Institutions Forum).

In 2009, the United Nations suggested a new SDR-based global reserve system, feasible non-inflationary, and easily implemented, including in ways which mitigate the difficulties caused by asymmetric adjustment between surplus and deficit countries.

That same year, Zhou Xiaochuan, governor of the People`s Bank of China, proposed that the SDR could become the pivotal internationall reserve currency, disconnected from individual nations, as the light in the tunnel for the reform of the international monetary system.

Is this how they`re gonna reset the international monetary system?

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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