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China Launching Gold Backed Global Currency!

 
G3
G3

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08/14/2012 12:42 AM

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China Launching Gold Backed Global Currency!
[link to americankabuki.blogspot.com]

China Launching Gold Backed Global Currency!
Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

.
.
.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.


Read entire article here..
[link to news.goldseek.com]

Last Edited by Account Deleted by User on 08/14/2012 02:26 PM
Anonymous Coward
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United States
08/14/2012 03:50 AM
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Re: China Launching Gold Backed Global Currency!
bump
Simon23k
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08/14/2012 03:53 AM
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Re: China Launching Gold Backed Global Currency!
figures that would happen, its all coming into place now like the puppet masters want it. I say we get some scissors and cut there hold of us before its to late.
Anonymous Coward
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United States
08/14/2012 03:55 AM
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Re: China Launching Gold Backed Global Currency!
So are we going to join is Gold backed currency? Can we bring Ron Paul into this? Fuck Obama, Fuck Romney.

Ron Paul 2012.
Anonymous Coward
User ID: 1330236
Poland
08/14/2012 04:07 AM
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Re: China Launching Gold Backed Global Currency!
clappa
Anonymous Coward
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Poland
08/14/2012 04:07 AM
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Re: China Launching Gold Backed Global Currency!
bumpbumpbump
Good move
Anonymous Coward
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08/14/2012 04:16 AM
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Re: China Launching Gold Backed Global Currency!
So are we going to join is Gold backed currency? Can we bring Ron Paul into this? Fuck Obama, Fuck Romney.

Ron Paul 2012.
 Quoting: Anonymous Coward 18372701


I think that's the point of a gold backed currency. Anyone with actual* gold can participate.

* Not ETF paper crap.
* Not in Ft. Knox (as that stuff already has multiple owners, in view of the fact that it has been pledged/sold multiple times)
Anonymous Coward
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Australia
08/14/2012 04:17 AM
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Re: China Launching Gold Backed Global Currency!
cool so i can swap all my paper money for tungsten bars painted yellow?
Anonymous Coward
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Spain
08/14/2012 04:18 AM
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Re: China Launching Gold Backed Global Currency!
This is why the Chinese navy is in Israel now.
Marxist

User ID: 14957407
New Zealand
08/14/2012 04:26 AM
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Re: China Launching Gold Backed Global Currency!
[link to americankabuki.blogspot.com]

China Launching Gold Backed Global Currency!
Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

Read entire article here..
[link to news.goldseek.com]
 Quoting: G3


Wont work. Late mercantilism aka capitalism (or infinite growth) and gold do not mix.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
User ID: 1211208
United States
08/14/2012 04:28 AM
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Re: China Launching Gold Backed Global Currency!
That triggers bank runs and ends with martial law...sounds logical to me..
Anonymous Coward
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Poland
08/14/2012 04:33 AM
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Re: China Launching Gold Backed Global Currency!
applause2applause2
Anonymous Coward
User ID: 684982
Czech Republic
08/14/2012 04:34 AM
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Re: China Launching Gold Backed Global Currency!
and America think they are the super power....

good riddance to Jewish bankers

fuck Zionism

also America has no gold

bye bye America....
Anonymous Coward
User ID: 18397989
United States
08/14/2012 04:38 AM
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Re: China Launching Gold Backed Global Currency!
[link to americankabuki.blogspot.com]

China Launching Gold Backed Global Currency!
Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

Read entire article here..
[link to news.goldseek.com]
 Quoting: G3


Wont work. Late mercantilism aka capitalism (or infinite growth) and gold do not mix.
 Quoting: Marxist


point is capitalism as it it practiced in most of the world. does not work. and the infinite growth is getting more and more finite by the day-hence the attempt at an alternative. Problem for us is the us dollar not being world reserve currency means dollar will be worth very little to nothing. peeps want doom this a real one. one can only hope some good can come from the nose dive in the future.
Marxist

User ID: 14957407
New Zealand
08/14/2012 04:47 AM
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Re: China Launching Gold Backed Global Currency!
[link to americankabuki.blogspot.com]

China Launching Gold Backed Global Currency!
Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

Read entire article here..
[link to news.goldseek.com]
 Quoting: G3


Wont work. Late mercantilism aka capitalism (or infinite growth) and gold do not mix.
 Quoting: Marxist


point is capitalism as it it practiced in most of the world. does not work. and the infinite growth is getting more and more finite by the day-hence the attempt at an alternative. Problem for us is the us dollar not being world reserve currency means dollar will be worth very little to nothing. peeps want doom this a real one. one can only hope some good can come from the nose dive in the future.
 Quoting: Anonymous Coward 18397989


I would suggest that the crisis we are currently experiencing will set the stage for even further deregulation of global capitalism, open up the market to pure accumulation (minus the Cold War labour and capital subsidies that still linger) and that the new markets in Asia and Africa will herald in another era of growth. Capital is an objective state (despite all the prognostications of various economists) and it must draw us to the limits of its maximisation. In other words, no politician can resist it's compulsions despite what they promise.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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08/14/2012 04:49 AM
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Re: China Launching Gold Backed Global Currency!
makes sense, people have been tricked into selling off all their 'un-wanted' gold and broken jewellery for years now. All those shady mail order companies and every mini mall in every city.
Anonymous Coward
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08/14/2012 04:54 AM
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Fucking Intense
Anonymous Coward
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08/14/2012 04:55 AM
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Re: China Launching Gold Backed Global Currency!
this probably won't happen, but it would be interesting to see how it worked out if they actually tried it
Marxist

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08/14/2012 04:58 AM
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Re: China Launching Gold Backed Global Currency!
this probably won't happen, but it would be interesting to see how it worked out if they actually tried it
 Quoting: Anonymous Coward 8739068


All the gold in the world cannot encapsulate the labour surplus yet to be extracted in Asia and Africa.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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08/14/2012 05:05 AM
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o-o
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08/14/2012 05:09 AM
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bsflag
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08/14/2012 05:14 AM
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tdown another beforitsnews boner
stormer

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08/14/2012 05:45 AM

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goodnewscoffee4scheming
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Anonymous Coward
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Netherlands
08/14/2012 05:50 AM
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Re: China Launching Gold Backed Global Currency!
u guys are funny.. thinking u can still trade when this goes true..
this would mean 2 things for the west, total crash and war.
Anonymous Coward
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Lithuania
08/14/2012 05:50 AM
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Re: China Launching Gold Backed Global Currency!
According to new report circulating in the Beijing today...
Beyond The 4th Plateau
User ID: 14068473
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08/14/2012 05:53 AM
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Re: China Launching Gold Backed Global Currency!
Welp, we're fucked. Gonna an hero now.
Marxist

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08/14/2012 05:58 AM
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Re: China Launching Gold Backed Global Currency!
u guys are funny.. thinking u can still trade when this goes true..
this would mean 2 things for the west, total crash and war.
 Quoting: Anonymous Coward 20838490


The consequences for China's Walmart addicted labour force would be catastrophic.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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08/14/2012 05:59 AM
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Re: China Launching Gold Backed Global Currency!
SOMEONE NOTIFY FUCKING TYLER AT ZEROHEDGE RIGHT THE FUCK NOW THIS IS HUGE

RED ALERT


It's popping up everywhere. Get on the notifaction ASAP.
2012Portal
2012Portal - The Mayan Calendar

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08/14/2012 06:02 AM

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Re: China Launching Gold Backed Global Currency!
China has been LONG planning for this or something:

[link to newsusa.myfeedportal.com]
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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08/14/2012 06:03 AM
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Re: China Launching Gold Backed Global Currency!
Never trust a blog designed with pink tones.
Anonymous Coward
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08/14/2012 06:03 AM
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Re: China Launching Gold Backed Global Currency!
SOMEONE NOTIFY FUCKING TYLER AT ZEROHEDGE RIGHT THE FUCK NOW THIS IS HUGE

RED ALERT


It's popping up everywhere. Get on the notifaction ASAP.
 Quoting: Anonymous Coward 14068473


You're right it is and what's worse The USA will just ignore it and carry on as is.

The chinese can see what's coming and are preparing for it.

I told everyone 3 years ago to get their savings into Gold. It's gonna go haywire as soon as the EU collapses and that's coming very soon.