Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Will Gold Officially Replace the US $ on June 28th?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Oiled In Florida:MV8xODQ2NzYyXzMwNzg5MzM0X0FEQ0Q4MkU=] The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold: 1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil. 2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system. 3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference. 4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence. 5. The SWIFT system is becoming ever more a weapon of Western international political will. 6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system's control in settlement. 7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense. 8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day's close impossible the following day on an exogenous event. 9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result. http://www.jsmineset.com/2012/04/23/the-implications-of-china-paying-in-gold/ [/quote]
Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold.
China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices. On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales.
This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28.
link to www.jsmineset.com
link to www.forbes.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
JADE HELM EXPLAINED - MUST SEE VID
Former Pfizer VP comes clean about drug industry crimes in powerful documentary
Nuclear Physicist Declares: ‘Science Will Never Contradict The Bible’
Does CERN Host The Real CIA Headquarters?
This Girl Wanted To Find Out What Happens When She Shows Up On Her Tinder Date In A Fat Suit
The KGB Discovers Mummified Body of Ancient Alien ‘God’
US Navy Ads Telling Us To WATCH For Nibiru on 9/23
This Study WIll Make You Think Twice About Who You Are Getting Into Bed With
This Man Has An Extraordinary Reunion With The Gorilla He Saved and Raised For 5 Years
First Ever Live Exorcism To Be Aired on Halloween
Did The Miami Marlins Broadcast Fart Noises In Their Stadium? (Video)
Kim Jong-Un: North Korea Closing In On War Preparations Against U.S. And South Korea
Students Have Created A “Smart Condom” That Glows A Different Color If You Have An STD
Dude Surfs a Wave on a Dirt Bike
Koch Brother Warns America ‘Done for’ Unless Conservatives Change Government in These Key Ways
Document Reveals ISIS Plan To Wage “End Of World” War With US
The US Is Turning Doctors Into Government Agents
Kentucky Is Revoking Gun Permits, And The Reason Should Alarm All Americans
Fla. suspect chews off fingertips, eats them to avoid being fingerprinted
Cecil The Lion Wants Everyone To SHUT UP, Animal Psychic Claims
Facebook Readying Test of Internet Beaming Drone
Alien Hybrid Found In India
True Story of Satan, Fallen Angels, Giants, Aliens, Hybrids, Elongated Skulls & Nephilim
Antidepressants May be Worsening Depression, Not Treating it
New Tech Allows Face Recognition in Utter Darkness
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.004s (5 queries)