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User ID: 857877 United States 06/20/2012 09:49 AM Report Abusive Post Report Copyright Violation | Rigged Gold Market, a Secret Payoff to China China, the biggest creditor of them all, with approximately $3.2 trillion of Western fiat on its books, won’t come to the financial aid of the hopeless European Union (from its own making) without some form of collateral—or maybe a deal, instead, in which something of tangiblevalue could be acquired very cheaply in return for its ‘altruism’. That tangible central bank asset can only be the coveted asset, most dear as a hedge against the endgame for the dollar—gold! According to IMF data of 2010, China is way behind, though estimates of China’s real gold reserves reach as high as much as more than 3,000 tons—a still meager amount considering China’s deep central bank reserves. And here’s how JP Morgan’s gold suppression scheme works for the Chinese but not the American people (or Europeans). Read more: [ link to thestockmarketwatch.com] |