Users Online Now:
GLP Poker Rooms
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 >>
Obama Just Admitted He Violated The Constitution
Chris Rock’s Epic Message to Blacks in Ferguson [VIDEO]
Man sues after Wisc. police come to his home, arrest him for calling them racists on Facebook
Band Will Release Album In DNA
How a Superchilled Telescope Will Look Back at the Dawn of the Universe
Illegals to receive Social Security, Medicare under Obama plan.
Monster Sunspot May Unleash Powerful Solar Flares
Woman Claiming To Be Former NASA Employee Says She Saw Humans Walking On Mars In 1979
7 Subtle Health Warnings You Should Never Ignore
The Speech That Sealed JFK’S Fate And Doomed The Future Of Humanity
CT Report Lays Groundwork for Nationwide Psychiatric Surveillance
GM Food Causes Deadly Bacteria To Grow In Your Gut
Electromagnetic Radiation, Health and Children
With Everyone Focused on Ferguson, Obama Quietly Passing 3,400 New Regulations Before Thanksgiving
This Is Why You Should NEVER Trust a Bank
Strange Beam of Static Electricity Felt Outside of Google Office
Hagel Warned Of Rogue ‘New World Order’, Now He’s Fired
HOW THE PENTAGON’S SKYNET WOULD AUTOMATE WAR
The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
FERGUSON RIOTS, IMMIGRATION REFORM FRAMING COMING CIVIL WAR AROUND RACE
The Modernized Slave Labor System: Also Known as the Prison Industrial Complex
GLPVC TheRawFeedLive Shows Will Resume Mon Dec 1st 11pm est - Off For Thanksgiving Holiday
Birth Contol Pills Make Ugly Men Hot (Video)
A Complete Guide to Being a Thought Criminal
Violent TV May Make Children More Susceptible to Advertising Messages: Study
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)