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Obama poses with Asean leaders. He is the first sitting US president
to visit Cambodia. Photograph: Jewel Samad/AFP/Getty Images
"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - Text version)

“….. Here is the prediction: China will turn North Korea loose soon. The alliance will dissolve, or become stale. There will be political upheaval in China. Not a coup and not a revolution. Within the inner circles of that which you call Chinese politics, there will be a re-evaluation of goals and monetary policy. Eventually, you will see a break with North Korea, allowing still another dictator to fall and unification to occur with the south. ….”

“2011 and Beyond” - What you are seeing, and why - Jan 16, 2011 (Kryon channelled by Lee Carroll) (Text version)


"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)


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Saturday, September 29, 2012

Taiwan hopes to add RMB to foreign reserves within a year

Want China Times, 29 September 2012

Perng Fai-nan takes questions at the legislature. (Photo/Wang Yuan-mao)

Perng Fai-nan, the head of Taiwan's central bank, said Wednesday he hopes to add the renminbi to Taiwan's foreign reserves in a year's time under a landmark currency clearing agreement signed by Taipei and Beijing.

Perng said there is still a lot of work to do following the signing of the memorandum of understanding on currency clearance, including holding negotiations on establishing a cross-strait currency swap mechanism.

He made the comment in response to lawmakers' questions on the progress of the clearing mechanism at a hearing of the Legislative Yuan's Finance Committee Wednesday.

Enabling central banks to swap Taiwan dollars and Chinese yuan will enable Taiwan to diversify its foreign exchange reserves by adding the yuan into its portfolio, which is currently heavily weighted toward US dollars.

The central bank signed the deal on yuan clearing with the People's Bank of China on Aug. 31.

Under the pact, both sides need to designate a clearing bank to activate the mechanism. Taiwan has chosen the state-run Bank of Taiwan's branch in Shanghai as the Taiwan dollar settlement bank in China.

China has yet to announce its clearing bank for the renminbi in Taiwan.

The clearing mechanism will allow Taiwan to become the second offshore yuan trading center after Hong Kong.

Meanwhile, Perng's future was also a hot topic at the committee meeting. His current term is scheduled to end in February 2013, and several lawmakers asked him if he would agree to stay on as head of the central bank.

Perng was non-committal, replying only that serving as central bank governor would be his last job in public service.


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