As Pluto enters the 3rd degree of Capricorn, which I have warned to be a very critical degree for the US and the US dollar, Chinese officials stated the unspeakable and yet may really be inevitable.
Chinese Premier ‘s Concerns
Chinese Premier Wen Jiabao’s is not happy with their governments holdings of US treasuries.
“We have lent a huge amount of money to the United States. I request the U.S. to maintain its good credit, honor its promises and to guarantee the safety of China’s assets. Of course we are concerned about the safety of our assets. To be honest, I am a little worried.”
Bank of China’s Governor calls for a New Reserve Currency
This was soon followed by a more controversial statement by Zhou Xiaochuan, governor of the People’s Bank of China. In a paper that he recently prepared he called for the replacement of the dollar as the world’s reserve currency with a new currency. This is precisely what Pluto opposite the US currency planets is telling us. There is a strong possibility for the end of a dollar-centric world. Pluto is after all the planet of major changes.
http://www.nytimes.com/2009/03/24/world/asia/24china.html
Russia and India Agrees
The significance of these propositions stated by Chinese leadership is that not just Russia and later on India who seems to support the ideas they espoused but the planetary alignments along with the events that have already transpired, such as the overprinting of US dollars and the Fed’s recent decision to buy more than $1 trillion debt.
http://www.nytimes.com/2009/03/30/world/30fund.html?ref=world
What it means to Gold
I have noted in my book Astro-time 2006 the significance of China’s decision to allow its citizens to own gold. Apart from the east’s penchant for the shiny yellow metal- they seem to be preparing for a tai fung that will come sooner than later.
To stabilize the global financial system Zhou Xiaochuan further proposed that IMF’s SDR be used as the new reserve currency and also the inclusion of yuan, rubble and gold in the valuation of the SDR.
Currently, SDR is based on the USD, Yen, Pound and Euro but with China’s economic clout the possibility of replacing USD may no longer be unthinkable. Of course, this wont happen overnight, not even immediately after the G20 meeting this week but the die has been cast- the Rubicon river has been crossed. Pluto – will eventually cross the other critical degrees of Capricorn.






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