China quietly introduces new financial system

China quietly introduces new financial system
Benjamin Fulford

(Editor's Note: The following missive, from Mr. Fulford, portends some radical changes ahead, Not only are they radical, he also suggests that they are imminent. Do your own "due diligence" but stay open to the possibilities. - JSB)

China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten.

For its part, the renminbi is now convertible with South American currencies, the rouble, Middle-Eastern currencies, the yen, South East Asian currencies and African currencies. "We will slowly introduce our new financial system in parallel with the old one and hope that people steadily migrate towards it," the Chinese official says.

Meanwhile, the latest G20 meeting ended in acrimony and chaos. The leadership of the West is in total disarray and will remain so until the Federal Reserve Board's bankruptcy becomes visible even to brainwashed section of the Western public. This is now expected by January or February. Both MI6 and a senior Chinese government source now predict the collapse of the Federal Reserve dollar by that time.

We are also hearing various reports that many Pentagon and other US alphabet suit agency figures with both US and Israeli citizenship have recently fled to Israel. Things are coming to a head.

China is proposing to replace the US dollar with the Hong Kong dollar

At a top secret high-finance meeting scheduled for this weekend, China will propose that the US dollar be replaced by the Hong Kong dollar, according to a senior MI6 source. The proposal is under serious consideration by the backers of the new financial system.

As we have previously reported most US dollars ever created are now backed by gold at the rate of 1/28th of a gram per dollar. The fraudulent Federal Reserve Board fiat dollars issued after September, 2008 are not. Nor are any dollars derived from fraudulent "derivatives." So, to replace the US dollar with the Hong Kong dollar all that would be required would be to rename the gold-backed dollars. Any new Hong Kong dollars issued would be backed by the Renminbi, according to the Chinese proposal.

The Federal Reserve note will fall to 0.03 cents by January

It can now be stated that all the US dollars connected to legitimate commerce are backed by gold at the rate of 1/28th of a gram per dollar. The remaining Federal Reserve Board debt notes will soon fall in value to 0.03 cents, according to extremely high level financial sources. This means all legitimate businessmen and workers paid in US dollars have nothing to worry about. However, high level con-artists selling financial "derivatives," will be left with 0.03% of what they thought they owned.

It is amazing to see how many intelligent "well informed" people still do not have a clue about what is going on. If you connect the dots in the corporate propaganda media, you should be able to see for yourself without going to so-called "conspiracy" news sites. Among countries that have publicly said they will no longer use dollars for trade with each other can be found: China, Russia, Japan, South America, the Arab league, Turkey, Iran etc.

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