Beijing gives China’s banks the green light to dump dollars!

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Beijing gives China’s banks the green light to dump dollars!

This is absolutely unprecedented. China’s central bank has always been able to sell dollars.
NOW, EVERY COMMERCIAL CHINESE BANK HAS BEEN GIVEN OFFICIAL FIRST-TIME-EVER APPROVAL TO DUMP AND SELL SHORT THE U.S. DOLLAR!
URGENT: You must protect your money now! The dollar devaluation conspiracy I’ve been warning about is about to hit the greenback hard. Here’s what to do IMMEDIATELY ...

Dear Reader,

My name is Larry Edelson and I’ve been a professional financial analyst for the last 33 years.

You may even recognize my name from my appearances in Forbes, or onBloomberg, CBS Marketwatch, CNBC or some other major financial program or publication.

However, what I have recently discovered is something you will NOThear me (or anyone else) say in any of those venues.

I wonder how many people think I’m nuts now! All along I’ve been warning that Beijing and Washington were moving to devalue the U.S. dollar and start lifting the Chinese yuan’s status as an international currency.

And over the last couple of weeks I’ve outlined about every single step that Beijing’s taken to do exactly that, without one single objection coming from our “leaders” in Washington!

But this recent announcement takes the cake: Beijing just gave the country’s commercial banks the green light to dump U.S. dollars — for the first time ever!

Is it any surprise that the U.S. dollar is hovering near record lows against the Chinese yuan, ready to plunge further? I think not!

Is it any surprise that the U.S. dollar can’t even rally against Europe’s currency — a currency that everyone knows is doomed?

I think not!

My view: If you don’t take the action you need to take now to PROTECT your money and turn this looming, disastrous dollar devaluation to your advantage ...

You’re about to commit financial suicide!

Instead, take the action I recommend now —

Including the select high-profit-potential investments that could soar 185% ... 200% ... 257% ... up to 365% as the U.S. dollar’s value is gutted!

Simply view my special video which gives you the complete low-down on why the U.S. dollar’s value is on the verge of going off a cliff ...

And the facts you need to protect your home, your savings, your investments and your retirement from what I believe is the single greatest economic crisis in our nation's history.

The video costs nothing to watch. Simply turn up your computer speakers and click this link; the video will begin playing immediately.

Best wishes,

Larry Edelson

Just to clarify, China giving the green light to short sell us dollars, will not have the impact that is expected....yes Rosemary, a scam but not in the sense that most would think....The USA has been short selling just about any commodity you can think of for quiet some time, its basically hedging a bet that the dollar will plunge which it can do, but I seriously doubt.

NOW, EVERY COMMERCIAL CHINESE BANK HAS BEEN GIVEN OFFICIAL FIRST-TIME-EVER APPROVAL TO DUMP AND SELL SHORT THE U.S. DOLLAR!

Dumping the dollar is a concept that needs to be grasped completely before speculation runs rampant..... which can loosely translate into selling a stock with little regard for price. Yes this can cause massive fluctuation in the market but its not the end of the market, they are still playing with imaginary money since most of it is leveraged either way. Short Selling is simply a market strategy.

Definition of 'Short Selling'

The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short.

Investopedia explains 'Short Selling'

Selling short is the opposite of going long. That is, short sellers make money if the stock goes down in price.
Read more: http://www.investopedia.com/terms/s/shortselling.asp#ixzz1uqtXn0hx

Tammy I do understand your fears and thoughts but to ever realize the gains that Mr. Edelson is professing through investment would require shorting stock....because very few stock boom in value when the dollar is being devalued.....Somehow I am missing his logic, I understand what he is expressing, yet his advice is to gamble even more on higher yield stock, which so happen to carry the highest level of risk.....seems completely irresponsible of him to tell people to do such a thing.....the only other alternative is the hedge against the dollar plunging and follow China's example and simply go out and invest heavily in shorts, which is being done by our own companies. ....often called un-American because we are betting against ourselves....

One last detail on shorts, they are most often used to hedge against a much large long term investment. So if it were you or I who was invested in the US in the tune of 800 billion, you can bet your ass that I am going to hedge against potential loses....its the American way....just sucks that China is following our example..... Ohh and if the USA goes down.....China would not be far behind....who do you think keeps that industrial machine running.....

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Comments

Rosemary S May 14, 2012 at 10:39pm

Thanks for the details explanation. I was assuming here that the States were going to be in serious economic problem from the Short Selling.
Alex Cortes May 14, 2012 at 10:15am

Hugs Tammy and happy belated Mother's Day to all who qualify :)
Alex Cortes May 14, 2012 at 10:14am

Just to clarify, China giving the green light to short sell us dollars, will not have the impact that is expected....yes Rosemary, a scam but not in the sense that most would think....The USA has been short selling just about any commodity you can think of for quiet some time, its basically hedging a bet that the dollar will plunge which it can do, but I seriously doubt.

NOW, EVERY COMMERCIAL CHINESE BANK HAS BEEN GIVEN OFFICIAL FIRST-TIME-EVER APPROVAL TO DUMP AND SELL SHORT THE U.S. DOLLAR!

Dumping the dollar is a concept that needs to be grasped completely before speculation runs rampant..... which can loosely translate into selling a stock with little regard for price. Yes this can cause massive fluctuation in the market but its not the end of the market, they are still playing with imaginary money since most of it is leveraged either way. Short Selling is simply a market strategy.

Definition of 'Short Selling'
The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short.

Investopedia explains 'Short Selling'
Selling short is the opposite of going long. That is, short sellers make money if the stock goes down in price.
Read more: http://www.investopedia.com/terms/s/shortselling.asp#ixzz1uqtXn0hx

Tammy I do understand your fears and thoughts but to ever realize the gains that Mr. Edelson is professing through investment would require shorting stock....because very few stock boom in value when the dollar is being devalued.....Somehow I am missing his logic, I understand what he is expressing, yet his advice is to gamble even more on higher yield stock, which so happen to carry the highest level of risk.....seems completely irresponsible of him to tell people to do such a thing.....the only other alternative is the hedge against the dollar plunging and follow China's example and simply go out and invest heavily in shorts, which is being done by our own companies. ....often called un-American because we are betting against ourselves....

One last detail on shorts, they are most often used to hedge against a much large long term investment. So if it were you or I who was invested in the US in the tune of 800 billion, you can bet your ass that I am going to hedge against potential loses....its the American way....just sucks that China is following our example..... Ohh and if the USA goes down.....China would not be far behind....who do you think keeps that industrial machine running.....
Tammy Fielder May 13, 2012 at 2:03pm

We will soon see. China has been wanting us to go down and if this article is true, then we are going down.
Rosemary S May 12, 2012 at 11:35pm

Why do I feel that it is a scam. Wait for the G8 conference and then decide what you want to do.
Kim B May 12, 2012 at 1:00pm

I have no retirement anymore thanks to bankruptcy.

This reply was deleted.

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