China Launching Gold Backed Global Currency! | |
Anonymous Coward User ID: 19070944 United States 08/14/2012 03:50 AM Report Abusive Post Report Copyright Violation | |
Simon23k User ID: 19578895 United States 08/14/2012 03:53 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 18372701 United States 08/14/2012 03:55 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1330236 Poland 08/14/2012 04:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1330236 Poland 08/14/2012 04:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21822657 United Kingdom 08/14/2012 04:16 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. 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 User ID: 8739068 Australia 08/14/2012 04:17 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21933449 Spain 08/14/2012 04:18 AM Report Abusive Post Report Copyright Violation | |
Marxist User ID: 14957407 New Zealand 08/14/2012 04:26 AM Report Abusive Post Report Copyright Violation | [link to americankabuki.blogspot.com] Quoting: G3 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] 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1330236 Poland 08/14/2012 04:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 684982 Czechia 08/14/2012 04:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 18397989 United States 08/14/2012 04:38 AM Report Abusive Post Report Copyright Violation | [link to americankabuki.blogspot.com] Quoting: G3 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] Wont work. Late mercantilism aka capitalism (or infinite growth) and gold do not mix. 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 Report Abusive Post Report Copyright Violation | [link to americankabuki.blogspot.com] Quoting: G3 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] Wont work. Late mercantilism aka capitalism (or infinite growth) and gold do not mix. 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. 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 User ID: 14083131 United States 08/14/2012 04:49 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20562595 United States 08/14/2012 04:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8739068 Australia 08/14/2012 04:55 AM Report Abusive Post Report Copyright Violation | |
Marxist User ID: 14957407 New Zealand 08/14/2012 04:58 AM Report Abusive Post Report Copyright Violation | 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 User ID: 21929063 Malaysia 08/14/2012 05:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21662845 Australia 08/14/2012 05:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21692540 United States 08/14/2012 05:14 AM Report Abusive Post Report Copyright Violation | |
stormer User ID: 21933419 South Africa 08/14/2012 05:45 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20838490 Netherlands 08/14/2012 05:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 10050529 Lithuania 08/14/2012 05:50 AM Report Abusive Post Report Copyright Violation | |
Beyond The 4th Plateau User ID: 14068473 United States 08/14/2012 05:53 AM Report Abusive Post Report Copyright Violation | |
Marxist User ID: 14957407 New Zealand 08/14/2012 05:58 AM Report Abusive Post Report Copyright Violation | u guys are funny.. thinking u can still trade when this goes true.. Quoting: Anonymous Coward 20838490 this would mean 2 things for the west, total crash and war. 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 User ID: 14068473 United States 08/14/2012 05:59 AM Report Abusive Post Report Copyright Violation | |
2012Portal 2012Portal - Mayan Beyond 2012 User ID: 15022013 Netherlands 08/14/2012 06:02 AM Report Abusive Post Report Copyright Violation | China has been LONG planning for this or something: [link to newsusa.myfeedportal.com] From the love of power to the power of Love - My camera and video gear: [link to graphicstart.com] --- --- --- "Jesus Christ, the Son of God our Savior" |
Anonymous Coward User ID: 20490216 United States 08/14/2012 06:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19706474 United Kingdom 08/14/2012 06:03 AM Report Abusive Post Report Copyright Violation | SOMEONE NOTIFY FUCKING TYLER AT ZEROHEDGE RIGHT THE FUCK NOW THIS IS HUGE Quoting: Anonymous Coward 14068473 RED ALERT It's popping up everywhere. Get on the notifaction ASAP. 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. |