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HSBC, BEA set to issue first 'overseas' yuan bonds ; Brazil and China are in discussions to form a currency swap line, just like the one China signed with Argentina two weeks ago. These currency swap lines are HUGE, folks

Subject: HSBC, BEA set to issue first 'overseas' yuan bonds ; Brazil and China are in discussions to form a currency swap line, just like the one China signed with Argentina two weeks ago. These currency swap lines are HUGE, folks http://www.marketwatch.com/story/hsbc-bea-set-to-issue-first-overseas-yuan-bonds May 20, 2009, 4:51 a.m. EST HSBC, BEA set to issue first 'overseas' yuan bonds... The Train is Leaving the Station .....better not wait to long , the USA and the UK better get with it and get on board , or isolation and Hyper -Inflation is the result , as we lose our ability to pay for goods with dollars Move opens up new world of fundraising possibilities Explore related topics Banks HSBC Holdings PLC Hsbc Hldgs Bk Of East Asia Story Quotes Comments (5) Alert Email Print Share By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- HSBC Holdings Plc. and Bank of East Asia Ltd. are slated to become the first companies outside mainland China to issue yuan-denominated bonds, in a development that promises to open up a large new source of funds for multinational corporations. Subject: Brazil and China are in discussions to form a currency swap line, just like the one China signed with Argentina two weeks ago. These currency swap lines are HUGE, folks The Train is Leaving the Station .....better not wait to long , the USA and the UK better get with it and get on board , or isolation and Hyper -Inflation is the result , as we lose our ability to pay for goods with dollars http://www.kitcocasey.com/articles/2747/daily-pfennig-5-20-09:-game-on!/ Last week, we heard about how China had passed the U.S. as the number one trade partner of Brazil... Now, I'm hearing about how Brazil and China are in discussions to form a currency swap line, just like the one China signed with Argentina two weeks ago. These currency swap lines are HUGE, folks. Because they allow the two parties doing trade with one another to eliminate the use of dollars and only use their own respective currencies. That means, China reduces its exposure to the dollars! And if China has less dollars to spend on U.S. Treasuries, that's not a good thing! But almost as important as that is the thought that China is spreading the use of their currency... This thought plays well with the idea that China proposed last month... That the U.S. dollar be replaced as the world's reserve currency. China has now signed currency swap agreements with: Indonesia, Malaysia, Hong Kong, South Korea, Belarus, and Argentina, with Brazil waiting in the wings... Please consider this ; http://www.wisdomtree.com/library/pdf/materials/WisdomTree-Case-for-Emerging-Currencies-CEW-570.pdf