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| 11:11 PM | ||
| Users Online Now: 2,180 (Who's On?) | Visitors Today: 2,214,107 | |
| Pageviews Today: 3,077,503 | Threads Today: 721 | Posts Today: 14,574 |
| 11:11 PM | ||
China Launching Gold Backed Global Currency! | |
Marxist  User ID: 14957407  New Zealand08/14/2012 09:22 AM Report Abusive Post Report Copyright Violation | The main thing in this story is not about china but what the gold is being recast into. Could this be the start of a global move to gold backed currencies where the value of gold is reset from ounces to grams? $1500 a gram?!!! BUY GOLD!!! Quoting: BULLY! BULLY! And pray tell me, how do they presume to pursue infinite growth using a gold backed standard of value storage? how's that infinite (debt based) growth working out for you..? Debt is a symptom of infinite growth, sunny jim, not the cause. The cause like always, is the desire for profit. You remember profit, do ye? The same old thing that drives us all from you and your few quid in the bank to the toff with a Rolls. Now wasn't that easier than your mental gymnastics? Workers of the World, Unite. You have nothing to lose but your chains! |
| Muzzle User ID: 127060  United States08/14/2012 09:22 AM Report Abusive Post Report Copyright Violation | TPTB have already gained control of most nations and most corporations, including food and energy production. They will control the value of different currencies, and will profit from every change in value between them. They just won't tell us peons which directions it's headed at any time. Confiscation of Gold has occurred before in Western nations, including the US. In his book, "Between Two Ages," Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values." MuzzleBreak |
| jcab2002 User ID: 11489804 United States08/14/2012 09:23 AM Report Abusive Post Report Copyright Violation | usa will be at war with china within the hour of this currency going live.... Quoting: Anonymous Coward 11508444 Of course that's where we're heading. I don't know how anyone can't see that ww3 is inevitable. In fact all of the middle eastern 'revolutions' were about state-owned central banks and oil industries. They had to be replaced by puppets. It was pretty damn hilarious when Libyan rebels setup a central bank and oil ministry before they even took down Ghadafi. What would rebels know about a central bank? haha “We must keep the people busy with political antagonisms." “We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party." “By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892. |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:25 AM Report Abusive Post Report Copyright Violation | The main thing in this story is not about china but what the gold is being recast into. Could this be the start of a global move to gold backed currencies where the value of gold is reset from ounces to grams? $1500 a gram?!!! BUY GOLD!!! Quoting: BULLY! BULLY! And pray tell me, how do they presume to pursue infinite growth using a gold backed standard of value storage? how's that infinite (debt based) growth working out for you..? It's not about us, it's about the banks. It's working out pretty well for them as they control about 99.999% of the world's wealth. Bollix. Its the system. The banks are as much a function of the system as are your credit and ATM cards and your mortgage and loans. Workers of the World, Unite. You have nothing to lose but your chains! |
| Anonymous Coward User ID: 11995984 United States08/14/2012 09:27 AM Report Abusive Post Report Copyright Violation | lets go China! Quoting: hugs1111 awesome:) the dollar is a scam, complete fraud.... usa's foreign policy is straight up satan... wars, genocide, supporting radicals, assasinations, torture, puppet governments.....that is USA wake up humans and do something about it. thank you The same China that stocks your local Walmart!! and Autozone and Dollar Stores and well just about every store! |
| Anonymous Coward User ID: 21874701  United Kingdom08/14/2012 09:28 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1431647 United States08/14/2012 09:31 AM Report Abusive Post Report Copyright Violation | usa will be at war with china within the hour of this currency going live.... Quoting: Anonymous Coward 11508444 Of course that's where we're heading. I don't know how anyone can't see that ww3 is inevitable. In fact all of the middle eastern 'revolutions' were about state-owned central banks and oil industries. They had to be replaced by puppets. It was pretty damn hilarious when Libyan rebels setup a central bank and oil ministry before they even took down Ghadafi. What would rebels know about a central bank? haha THIS is an excellent and mostly overlooked excellent point! |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:34 AM Report Abusive Post Report Copyright Violation | lets go China! Quoting: hugs1111 awesome:) the dollar is a scam, complete fraud.... usa's foreign policy is straight up satan... wars, genocide, supporting radicals, assasinations, torture, puppet governments.....that is USA wake up humans and do something about it. thank you The same China that stocks your local Walmart!! and Autozone and Dollar Stores and well just about every store! China has a symbiotic relationship with capitalism. Without capital, it would wither and die. Anyone who contemplates any high jinx in the midst of this has no understanding at all of how capital works. Especially numnuts who believe that you really need gold to back up paper that is adequately backed up by Chinese labour. Which is why Wall Street pores over Chinese economic data, for crikeys sakes!!!!! Is it any wonder we get robbed by the elite. We are DUMB!!! Workers of the World, Unite. You have nothing to lose but your chains! |
| Anonymous Coward User ID: 21941783 United Kingdom08/14/2012 09:36 AM Report Abusive Post Report Copyright Violation | and America think they are the super power.... Quoting: Anonymous Coward 684982 good riddance to Jewish bankers fuck Zionism also America has no gold bye bye America.... What you think is goin to happen to Poland when America and Europe go belly up and theres no money too do anything,that means defence as well as the civilian side of things,think China and Russia are going to let us rebuild too then become a threat again,i can see you Polish people speaking Russian in a few years if it does and more importantly fuck Poland what can your country offer to fix this,now fuck off. |
| Anonymous Coward User ID: 11508444 United Kingdom08/14/2012 09:36 AM Report Abusive Post Report Copyright Violation | The main thing in this story is not about china but what the gold is being recast into. Could this be the start of a global move to gold backed currencies where the value of gold is reset from ounces to grams? $1500 a gram?!!! BUY GOLD!!! Quoting: BULLY! BULLY! And pray tell me, how do they presume to pursue infinite growth using a gold backed standard of value storage? how's that infinite (debt based) growth working out for you..? Debt is a symptom of infinite growth, sunny jim, not the cause. The cause like always, is the desire for profit. You remember profit, do ye? The same old thing that drives us all from you and your few quid in the bank to the toff with a Rolls. Now wasn't that easier than your mental gymnastics? profit or greed...? and profit for who, the banks? if we had our own banks, by and for the people, instead of by and for the jewish banking cartel, they wouldn't need to make a "profit"... loans, cc, od, mortgage etc. all @ inflation+costs. instead of predatory greed driven RIGGED rates of interest? |
| Anonymous Coward User ID: 21871666 United States08/14/2012 09:36 AM Report Abusive Post Report Copyright Violation | I Guess atlast 500 million of the Billion people in China are still farmers and feed themself. Quoting: Anonymous Coward 21939517 The rest moved to the megacities and offers cheap labor thats why china is so sucessfull on the world market at the moment. There is no western Nation where 50% of the pouplation still owns their own farms. If world trade is fucked up the west will notice it harder. We with our just in time on everything when shtf and you live in a City in the west there is food for 1 week in your supermarket and when nobody sells anymore thats it. I know there is a National reserve in Germany on the common crops like wheat well that lasts 90 days, after that it´s game over. All the corn to feed lifestock etc comes from us barzil and everywhere so you have to trade for it. Let alone Resources like rare earth etc. China has the largest supply of metals needed in nowdays electronics, and like allready said also gold is more and more valuable cause it´s in every computer. LOL You think 500 million chinese own their own farms? The so-called "farmers" are the lowest rung in society...work the hardest and make the least. THEY are jealous of the workers on the east coast...the ones working at foxcomm and jumping off buildings from the stress for $200/month. The farmers discontent is great and the chinese governments greatest concern. Germany has insufficient land to feed its people, and poland isn't going to "invite" the germans to help themselves to their land as before. america has no such concerns. |
| Anonymous Coward User ID: 21941679  Canada08/14/2012 09:37 AM Report Abusive Post Report Copyright Violation | silver and gold silver and gold silver and gold silver and gold silver and gold silver and gold silver and gold silver and gold Quoting: Anonymous Coward 4701453 thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten ,thungsten Maybe the real reason china is recasting all those large gold bars into smaller kilo bars is to find the tungsten ones and thus hold the sellers thereof accountable.... |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:38 AM Report Abusive Post Report Copyright Violation | usa will be at war with china within the hour of this currency going live.... Quoting: Anonymous Coward 11508444 Of course that's where we're heading. I don't know how anyone can't see that ww3 is inevitable. In fact all of the middle eastern 'revolutions' were about state-owned central banks and oil industries. They had to be replaced by puppets. It was pretty damn hilarious when Libyan rebels setup a central bank and oil ministry before they even took down Ghadafi. What would rebels know about a central bank? haha THIS is an excellent and mostly overlooked excellent point! Not puppets. Amenable participants. We are all amenable participants in the West. The ME is simply being brought up to speed. Workers of the World, Unite. You have nothing to lose but your chains! |
| Anonymous Coward User ID: 21941783 United Kingdom08/14/2012 09:39 AM Report Abusive Post Report Copyright Violation | The jewish people are just going too suck the yellow fellow teet now and now that the heist in America and Europe is coming to a close,the jewish people will just sit and watch the west fall apart from a safe distance while counting their ill gotten gains. |
| jcab2002 User ID: 11489804 United States08/14/2012 09:39 AM Report Abusive Post Report Copyright Violation | The main thing in this story is not about china but what the gold is being recast into. Could this be the start of a global move to gold backed currencies where the value of gold is reset from ounces to grams? $1500 a gram?!!! BUY GOLD!!! Quoting: BULLY! BULLY! And pray tell me, how do they presume to pursue infinite growth using a gold backed standard of value storage? how's that infinite (debt based) growth working out for you..? Debt is a symptom of infinite growth, sunny jim, not the cause. The cause like always, is the desire for profit. You remember profit, do ye? The same old thing that drives us all from you and your few quid in the bank to the toff with a Rolls. Now wasn't that easier than your mental gymnastics? Debt is a symptom of borrowing money into existence. Most people can't even wrap their head around the concept that the more debt is paid off, the more of a depression we'd go into. People seem to think that we'd all be better off if we'd "balance the budget" and "pay off the national debt", but there would be NO MONEY left for anyone in that scenario. Debt-based money is the biggest scam in the history of the world. Government should simply print money as they have the power to do without paying the banks back and completely eliminate taxes. Banks should not be permitted to lend more money than they have in reserve. But this is a war that has been fought for hundreds of years. Every president who has tried to address this issue has been successfully or almost assassinated, Lincoln, JFK, Andrew Jackson, James Garfield, and William McKinley. “We must keep the people busy with political antagonisms." “We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party." “By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892. |
| jcab2002 User ID: 11489804 United States08/14/2012 09:40 AM Report Abusive Post Report Copyright Violation | ... Quoting: Marxist And pray tell me, how do they presume to pursue infinite growth using a gold backed standard of value storage? how's that infinite (debt based) growth working out for you..? It's not about us, it's about the banks. It's working out pretty well for them as they control about 99.999% of the world's wealth. Bollix. Its the system. The banks are as much a function of the system as are your credit and ATM cards and your mortgage and loans. The banks have fought to create the system over hundreds of years! “We must keep the people busy with political antagonisms." “We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party." “By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892. |
| Saddletramp User ID: 740208  Puerto Rico08/14/2012 09:40 AM Report Abusive Post Report Copyright Violation | In light of this story it's interesting the Fed recently audited its gold holdings... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 21936353  Australia08/14/2012 09:41 AM Report Abusive Post Report Copyright Violation | usa will be at war with china within the hour of this currency going live.... Quoting: Anonymous Coward 11508444 Of course that's where we're heading. I don't know how anyone can't see that ww3 is inevitable. In fact all of the middle eastern 'revolutions' were about state-owned central banks and oil industries. They had to be replaced by puppets. It was pretty damn hilarious when Libyan rebels setup a central bank and oil ministry before they even took down Ghadafi. What would rebels know about a central bank? haha THIS is an excellent and mostly overlooked excellent point! except for the overriding point that THIS ISN'T GOING TO HAPPEN. IT'S JUST SOME BS BEING SPREAD AROUND BLOGS. |
| Hypertiger User ID: 12277324 Canada08/14/2012 09:42 AM Report Abusive Post Report Copyright Violation | It's a fantasy...Sorry only people ignorant of economics can believe that China is going to break free from the US and EU consumer. China's trade surplus is sustained by the USA... Eliminate the US consumer from the global economic equation and China becomes a net consumer...Meaning that all the gold they have will circulate out of the country and not come back...and then their gold is money scheme collapses. The US Dollar collapse worshipers are complete an utter idiots. Until China can defeat NATO and take over control of the global supply of resources...They have no way to impose a global gold standard. |
| Anonymous Coward User ID: 21871666 United States08/14/2012 09:42 AM Report Abusive Post Report Copyright Violation | Yes. The chinese are not switching to fiat, don't be fooled. Quoting: Anonymous Coward 6514487 China LOVES printing money. If they couldn't print money, they couldn't peg their currency. If they went on a global trade standard, it would hurt them. They would trade USD or Euros (printed money) for gold (non-printed money). Those who print money in this system and devalue win in the long run. If China switched to a gold standard for trade, it would get fair market instead of fake market value for its currency. It can no longer manipulate markets. If china went to a gold standard, they would keep it at first, but like the USA would start breaking it once they realized how hard it is to balance a budget when feeding a billion people. The chinese already have fiat, but the rest of your post is spot on. NO ONE is going to gold backed currency, or at best, a fractional backing such as the swiss at 20%. The power to manipulate fiat is too strong, and unless the country in question had a monopoly on everything, as the us did for many years, they would be disadvantaged when circumstances warrant. The whole concept of FIAT is coercion based. Free markets, as was the US, were based on hard work and honest trade which is why gold backed our fiat. Sadly those days are long gone. The lure of getting something for nothing is just too strong for humans to resist. |
| jcab2002 User ID: 11489804 United States08/14/2012 09:43 AM Report Abusive Post Report Copyright Violation | usa will be at war with china within the hour of this currency going live.... Quoting: Anonymous Coward 11508444 Of course that's where we're heading. I don't know how anyone can't see that ww3 is inevitable. In fact all of the middle eastern 'revolutions' were about state-owned central banks and oil industries. They had to be replaced by puppets. It was pretty damn hilarious when Libyan rebels setup a central bank and oil ministry before they even took down Ghadafi. What would rebels know about a central bank? haha THIS is an excellent and mostly overlooked excellent point! except for the overriding point that THIS ISN'T GOING TO HAPPEN. IT'S JUST SOME BS BEING SPREAD AROUND BLOGS. I imagine that something will happen someday because they aren't going to just grow their way out of the debt problem. “We must keep the people busy with political antagonisms." “We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party." “By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892. |
| Anonymous Coward User ID: 21940982  Algeria08/14/2012 09:45 AM Report Abusive Post Report Copyright Violation | |
| jcab2002 User ID: 11489804 United States08/14/2012 09:46 AM Report Abusive Post Report Copyright Violation | It's a fantasy...Sorry only people ignorant of economics can believe that China is going to break free from the US and EU consumer. Quoting: Hypertiger China's trade surplus is sustained by the USA... Eliminate the US consumer from the global economic equation and China becomes a net consumer...Meaning that all the gold they have will circulate out of the country and not come back...and then their gold is money scheme collapses. The US Dollar collapse worshipers are complete an utter idiots. Until China can defeat NATO and take over control of the global supply of resources...They have no way to impose a global gold standard. It's all doomed to fail. What comes out of the mess can be debated, but what cannot be debated is that it will never change. Drastically change. There is no consumption based economy that can last forever. That's insane. The entire world's economy has been based entirely on exponentially expanding debt for the last 30-40 years. The party is almost over. “We must keep the people busy with political antagonisms." “We’ll therefore speed up the question of reform (of tarrifs within) the Democratic Party; and we’ll put the spotlight on the question of protection …(for) the Republican Party." “By dividing the electorate this way, we’ll be able to have them spend their energies at struggling amongst themselves, on questions that, for us, have no importance whatsoever." - United State Bankers magazine, 1892. |
| chris999 User ID: 4483569 United States08/14/2012 09:48 AM Report Abusive Post Report Copyright Violation | So are we going to join is Gold backed currency? Can we bring Ron Paul into this? Fuck Obama, Fuck Romney. Quoting: Anonymous Coward 18372701 Ron Paul 2012. Yep. All thge dumb fuck hacks who always say that gold backed currency is out-dated and unessisary... Behold the death of the US Dollar. Why would anybody want a green piece of paper when they can have a guaranteed currency that will not inflate? Oh well, I guess now they will finally belive us conspiracy-tards about how TPTB are destroying our currency on purpose... I dont mean everything I say to be literal. I just like to throw around ideas, and play devil's advocate. I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. -Galileo Galilei |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:51 AM Report Abusive Post Report Copyright Violation | Yes. The chinese are not switching to fiat, don't be fooled. Quoting: Anonymous Coward 6514487 China LOVES printing money. If they couldn't print money, they couldn't peg their currency. If they went on a global trade standard, it would hurt them. They would trade USD or Euros (printed money) for gold (non-printed money). Those who print money in this system and devalue win in the long run. If China switched to a gold standard for trade, it would get fair market instead of fake market value for its currency. It can no longer manipulate markets. If china went to a gold standard, they would keep it at first, but like the USA would start breaking it once they realized how hard it is to balance a budget when feeding a billion people. The chinese already have fiat, but the rest of your post is spot on. NO ONE is going to gold backed currency, or at best, a fractional backing such as the swiss at 20%. The power to manipulate fiat is too strong, and unless the country in question had a monopoly on everything, as the us did for many years, they would be disadvantaged when circumstances warrant. The whole concept of FIAT is coercion based. Free markets, as was the US, were based on hard work and honest trade which is why gold backed our fiat. Sadly those days are long gone. The lure of getting something for nothing is just too strong for humans to resist. Amplifying labour surplus is utilised at every stage of capital's circulation hence "capitalism" so I really don't see what the fuss as regards fractional banking is all about. Without these processes, capital's fundamental character would not have advanced on iota and we would still be labouring under tradesmens guilds and a semi-agricultural economy in each of our nation states, a thought, which whilst appealing, runs counter to the objective forces of history. Workers of the World, Unite. You have nothing to lose but your chains! |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:53 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 19478010 Canada08/14/2012 09:54 AM Report Abusive Post Report Copyright Violation | |
| Quasar User ID: 15365730 United States08/14/2012 09:57 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 2698981  Netherlands08/14/2012 09:57 AM Report Abusive Post Report Copyright Violation | What is remarkable is that these "analysts" purport to understand the nature of growth in capitalism and yet contemplate a finite standard! Quoting: Marxist They are probably engineers who understand the stability of a negative feedback mechanism. With a fixed standard prices become stable, because overproduction lead to deflation which cools the economy down, whereas underproduction leads to inflation and heating of the economy again. The regulation is automatic, no intervention of banksters of politicias would be required (but that's the min point for those now in control). |
| Marxist User ID: 14957407 New Zealand08/14/2012 09:58 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 11508444 how's that infinite (debt based) growth working out for you..? It's not about us, it's about the banks. It's working out pretty well for them as they control about 99.999% of the world's wealth. Bollix. Its the system. The banks are as much a function of the system as are your credit and ATM cards and your mortgage and loans. The banks have fought to create the system over hundreds of years! Nonsense. The system evolved in a bid to encourage the funding of conquests (the old imperial company structure) with the development of banks as a means for facilitating this fund raising. Dumb! Workers of the World, Unite. You have nothing to lose but your chains! |
