Isaiah 43:19 Behold, I will do a new thing; now it shall spring forth; shall ye not know it? I will even make a way in the wilderness, and rivers in the desert.

The US dollar system has completely discredited itself and the confidence in the greenback is falling very sharply, according to the Russian Foreign Minister Sergey Lavrov. Sanctions by Washington are a sign of that.

Russia is working on ways to cut its dependence on the US and the dollar system, Lavrov said Friday during his visit to Sarajevo, Bosnia and Herzegovina.

“We are already drawing conclusions, doing everything necessary not to depend on the countries that are acting that way with their international partners,” Lavrov said. According to the Russian foreign minister, US sanctions undermine global trust in the world’s most used currency.

Lavrov was reacting to the fresh US sanctions against Russia introduced Thursday. 33 people and entities were added to the US Treasury blacklist of Russian defense and intelligence sector.

“More and more of our partners in Asia, in Latin America, start to draw the same conclusions [about the US dollar]. I think that this trend will only continue,” Lavrov said.
In August, speaking on the same issue, Lavrov said that US sanctions are “illegal, they undermine all principles of global trade and principles approved by UN decisions.”

Russia’s leading banks have said that slashing the dependence from the US dollar is inevitable, but would be a tough challenge. “You cannot immediately abandon the dollar. Probably, impossible taking into account its role in the economy. But if we do not start, we will never come to this, so we need to start now and we are already doing such work,” said Russia’s second largest bank CEO Andrey Kostin last week.

Hong Kong dollar posts biggest increase against US dollar in 15 years, after China introduces plan to sell bills in city

PUBLISHED : Friday, 21 September, 2018, 7:52pm
UPDATED : Friday, 21 September, 2018, 11:28pm

The Hong Kong dollar on Friday posted its biggest gain against the US dollar since 2003, over concerns about tighter liquidity in the city, after the People’s Bank of China announced it would issue bills in the city.

Late on Thursday, the PBOC, China’s central bank, and the Hong Kong Monetary Authority, the city’s de facto central bank, signed an agreement for using Hong Kong to issue yuan-denominated bills in the offshore market.

Hong Kong dollar trapped in weaker cycle, with the doldrums to last for months, traders say

The Hong Kong dollar surged by as much as 0.63 per cent to 7.7930 per US dollar on Friday, moving to the strong end of its trading band of between 7.75 and 7.85 per greenback.

“The issuance of PBOC bills in Hong Kong aims to enrich the spectrum of renminbi financial products of high credit rating in Hong Kong, improve the yield curve of renminbi bonds in Hong Kong and support the development of offshore renminbi business in Hong Kong,” the Chinese central bank said in a statement.

Analysts said the introduction of sales of bills appeared to be an effort by the Chinese central bank to drain yuan-denominated liquidity and to help put a floor under the yuan exchange rate in the offshore market. The size and timing of bill issuances was not announced.

Hong Kong Monetary Authority spends HK$1.77 billion to defend currency

The announcement led to tightened liquidity in the Hong Kong banking system, because of “massive liquidation” by traders who were previously selling the Hong Kong dollar and buying the US dollar, they said.

“There’s a stampede of unwinding of arbitrage trades, which is creating a domino effect of tighter liquidity,” said Jasper Lo, chief investment strategist at Eddid Securities and Futures. “It really is a historical day for the Hong Kong dollar.”

Lo said tighter liquidity would push up interest rates ahead of the expected interest rate increase by the US Federal Reserve next week.

The currency had been hovering near the weak end of its peg against the US dollar this year.

Stephen Innes, head of trading at Oanda, said that while the market reaction had taken tremendous amount of pressure off the currency peg, it was a worrisome sign for property investors nonetheless.

Liquidity at Hong Kong banks is likely to remain tight for the foreseeable future, until the PBOC’s intentions are clear, which would bring the soaring real estate prices in Hong Kong closer to a tipping point given the highly leveraged nature of the city’s property market.

Explainer: What ails the Hong Kong dollar? It is the carry trade

“We are going to see more PBOC presence in Hong Kong money markets after the memorandum … and the PBOC will probably continue taping and draining the Hong Kong money markets and pushing rates, which is an ominous sign for property markets,” said Innes.

9/22/2018 12:16:00 AM Emailed, Intel, News, Thoughts
Entry Submitted by Sierra (NZ) at 8:55 PM EDT on September 21, 2018

A flood of recent Q posts indicates that the cabal WORLD WIDE is in a state of total panic. The D5 avalanche is descending…

https://ift.tt/2JiIUcC

Q post number 2261…

‘MUSIC IS ABOUT TO STOP.
202-456-1414.’
Q

Lisa Mei Crowley phoned the number…

‘We’re almost there! Just called the number. It is to the White House! Bet the phone has been ringing off the hook from RR (Rod Rosenstein), other Swamp rats, and our “allies” overseas.’ (Lisa Mei Crowley tweet).

Q post number 2266…

‘FAKE NEWS ABOUT TO SHIFT NARRATIVE AGAINST THEIR
MASTERS IN EFFORT TO WEATHER THE STORM?
PANIC EVERYWHERE.
PATRIOTS ARE READY.
ENJOY THE RALLY @ THE ‘Q’ TONIGHT!’
Q

We light workers are already noticing the change in the MSM narrative. Lisa Mei Crowley tweet…

‘I’ve noticed MSM tone changing in past couple of days…Read praise from MSM for DJT visit to areas affected by Hurricane Florence. Interesting times indeed.’ (Lisa Mei Crowley tweet).

The team Upstairs has always said that the cabal media will be the LAST to fall. We are witnessing the turn of the cabal media happening now in real time.

It’s incredible to think that most people STILL believe the corporate media stories. Imagine their shock and fear when their mind controllers change the narrative almost overnight. Be prepared for lots of confusion and upset around you.

Meanwhile sit back and enjoy the show. Now that the weather is warming up here in New Zealand I can start wearing my Q tee shirt. Can’t wait!

Where We Go One We Go All.