China and 23 countries begin setting up swap lines to bypass dollar

November 18, 2013:  A former head trader for a major financial institution issued a harbinger and stated that 23 countries, and 60% of the world’s GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.

The list of the 23 countries which are creating new swap lines outside of the dollar include China, Russia, India, and surprisingly, Germany, France, and the United Kingdom. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system. The BRICS bank was created with the intention of bypassing the dollar, and allowing free trade to occur between nations without the need to trade for dollars first, as is currently the format under the petrodollar system. In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion.

Rotated in the BRICS countries, investigating issues related to the creation of this group. Although not composed of an institutional economic bloc like the EU., BRICS is increasing in it’s global role, and its happening now. 

In simple words what does this mean for us?  An acceleration of the inflation on basic products.  Why do we need gold?  Learn more on:  Gold Back Program 

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