Best info as to what is going on in Africa all here.
To quote the immortal line in Dashiell Hammett’s The Maltese Falcon, as filmed by John Huston, “Let’s talk about the black bird” – let’s talk about a mysterious bird made out of gold. Oh yes, because this is a film noir worthy of Dashiell Hammett – involving the Pentagon, Beijing, shadow wars, pivoting and a lot of gold.
Let’s start with Beijing’s official position; “We don’t have enough gold”. That leads to China’s current, frenetic buying spree – which particularly in Hong Kong anyone can follow live, in real time. China is already the top gold producing and the top gold importing nation in the world.
Gold accounts for roughly 70% of reserves held by the US and Germany – and more or less the same for France and Italy. Russia – also on a buying spree – is slightly over 10%. But China’s percentage of gold among its whopping US$3.2 trillion reserves is only 2%.
Beijing is carefully following the current shenanigans of the New York Federal Reserve, which, asked by the German Bundesbank to return the German gold it is holding, replied it would take at least seven years.
German financial journalist Lars Schall has been following the story since the beginning, and virtually alone has made the crucial connection between gold, paper money, energy resources and the abyss facing the petrodollar.
Whenever Beijing says it needs more gold, this is justified as a hedge “against risks in foreign reserves” – aka US dollar fluctuation – but especially to “promote yuan globalization”. As in, suavely, having the yuan compete with the US dollar and the euro “fairly” in the “international market”.
And here’s the (elusive) heart of the matter. What Beijing actually wants is to get rid of the US dollar peg. For that to happen, it needs vast gold reserves. So here’s Beijing pivoting from the US dollar to the yuan – and trying to sway vast swathes of the global economy to follow the path. This golden rule is Beijing’s Maltese Falcon: “The stuff dreams are made of”.
Have drone, will travel
Qatar also does pivoting – but of the MENA (Middle East-Northern Africa) kind. Doha has been financing Wahhabis and Salafis – and even Salafi-jihadis – as in North Atlantic Treaty Organization (NATO) rebels in Libya, Free Syrian Army gangs in Syria, and the pan-Islamic gang that took over northern Mali.
The State Department – and later the Pentagon – may have woken up to it, as in the arrangement brokered by Doha and Washington together to spawn a new, more palatable Syria “coalition”. But still very potent are those dangerous liaisons between the francophile Emir of Qatar and the Quai d’Orsay in Paris – which gathered plenty of steam already during the reign of King Sarko, aka former French president Nicolas Sarkozy.
Continued here :
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link to www.globalresearch.ca]
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