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China Launching Gold Backed Global Currency!

 
G3
G3

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11/26/2012 10:53 PM

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China Launching Gold Backed Global Currency!
China May Launch a Gold Currency
by Charleston Voice - Knology
Published : November 23rd, 2012

chinagold

chinagold2

It was over a year ago that we reported on leaked US State Department internal cable from the Embassy in Beiging released by Wikileaks describing China’s plan to undermine the US Dollar hegemony by increasing China’s gold reserves.


From 2003 to 2009 China increased their gold reserves from 600 tonnes to 1054 tonnes by converting roughly $11 billion of USD reserves to gold. That’s the last time any official numbers have come out of China, but between discrepancies in reported imports, domestic production, and the fact that China does not allow gold exports, it’s estimated they could increase its reserves to 5000 tonnes by 2013.

According to the leaked cable this increase in China’s gold reserves was intended in part to strengthen the Chinese currency, the Renminbi, so that it can begin to replace the declining USD as the world reserve currency. But some recent rumblings indicate China may be launching a gold backed global currency.

cont'd:

[link to www.24hgold.com]
SkinnyChic

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11/26/2012 10:56 PM

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Re: China Launching Gold Backed Global Currency!
bump Thanks for the info. OP.
SkinnyChic
ChipModerator
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11/26/2012 10:59 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda! ~David Mills ~ Se7en

every-citizen
Old MacDonald

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11/26/2012 11:00 PM
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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


cruise
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Anonymous Coward
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11/26/2012 11:02 PM
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Re: China Launching Gold Backed Global Currency!
OFC they are. This may be the time where most countries back off the dollar now. REALLY INTERESTING TIMES WE LIVE IN. We saw this coming, now its manifesting.
G3 (OP)
G3

User ID: 1531577
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11/26/2012 11:04 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


ohyeah
Burt Gummer

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11/26/2012 11:06 PM

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Re: China Launching Gold Backed Global Currency!
China Launching Gold Backed Global Currency!



This is the beginning of the end for the Petrodollar.
(that's USA money for you morans out there)


Preparing for the Collapse of the Petrodollar System, Part 1
[link to ftmdaily.com]


The ONLY way to save it is by going back to a precious metals based currency as well.


serfdomrd

Last Edited by Useless Cookie Eater on 11/26/2012 11:06 PM
Mrbillybadass

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11/26/2012 11:10 PM
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Re: China Launching Gold Backed Global Currency!
When is it launching?
Anonymous Coward
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11/26/2012 11:14 PM
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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


cruise
 Quoting: Old MacDonald


times 3
Anonymous Coward
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United Kingdom
11/26/2012 11:16 PM
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Re: China Launching Gold Backed Global Currency!
history says thats a bad move
Burt Gummer

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11/26/2012 11:16 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


cruise
 Quoting: Old MacDonald


times 3
 Quoting: Anonymous Coward 10743044


Even if some of it is tungsten it won't matter you tards.
You are laughing over your own demise.

gluesniff
black calx
See you beyond Saturn

User ID: 28105164
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11/26/2012 11:18 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


Fair question!

[link to www.zerohedge.com]

There's even a Chinese firm that will counterfeit for you!
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.
Anonymous Coward
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11/26/2012 11:23 PM
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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


Fair question!

[link to www.zerohedge.com]

There's even a Chinese firm that will counterfeit for you!
 Quoting: black calx


Wheat will be a prized commodity...... Love the heartland
Burt Gummer

User ID: 7702124
United States
11/26/2012 11:24 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


Fair question!

[link to www.zerohedge.com]

There's even a Chinese firm that will counterfeit for you!
 Quoting: black calx


Wheat will be a prized commodity...... Love the heartland
 Quoting: Anonymous Coward 19559803


Food overall will be prized commodity if the petrodollar collapses.
black calx
See you beyond Saturn

User ID: 28105164
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11/26/2012 11:24 PM

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Re: China Launching Gold Backed Global Currency!
We should just go back to using tally sticks. That only worked for 700 some years before the banksters snuffed it out.
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.
ChipModerator
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11/26/2012 11:26 PM

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Re: China Launching Gold Backed Global Currency!
Are they sure it's not tungsten?
 Quoting: Chip


Fair question!

[link to www.zerohedge.com]

There's even a Chinese firm that will counterfeit for you!
 Quoting: black calx


Wheat will be a prized commodity...... Love the heartland
 Quoting: Anonymous Coward 19559803


Food overall will be prized commodity if the petrodollar collapses.
 Quoting: Burt Gummer


Water.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda! ~David Mills ~ Se7en

every-citizen
Anonymous Coward
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11/26/2012 11:26 PM
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Re: China Launching Gold Backed Global Currency!
Why not ? We gave it all to them !
Burt Gummer

User ID: 7702124
United States
11/26/2012 11:27 PM

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Re: China Launching Gold Backed Global Currency!
We should just go back to using tally sticks. That only worked for 700 some years before the banksters snuffed it out.
 Quoting: black calx


Yeah...we should all convert back to Islam and it's ancient practices too.

bricks rolleyes

Last Edited by Useless Cookie Eater on 11/26/2012 11:27 PM
Anonymous Coward
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11/26/2012 11:29 PM
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Re: China Launching Gold Backed Global Currency!
And America keeps printing there money on TOILET PAPER..

5a5aodance
black calx
See you beyond Saturn

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11/26/2012 11:30 PM

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Re: China Launching Gold Backed Global Currency!
We should just go back to using tally sticks. That only worked for 700 some years before the banksters snuffed it out.
 Quoting: black calx


Yeah...we should all convert back to Islam and it's ancient practices too.

bricks rolleyes
 Quoting: Burt Gummer


Sorry but I don't see how a sound currency that worked for centuries equates with a barbaric religion.

I was being facetious anyhow. Lighten up francis! :<
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.
Burt Gummer

User ID: 7702124
United States
11/26/2012 11:31 PM

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Re: China Launching Gold Backed Global Currency!
And America keeps printing there money on TOILET PAPER..

5a5aodance
 Quoting: Anonymous Coward 21371235


Yep.


wreckcrew
G3 (OP)
G3

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11/26/2012 11:59 PM

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Re: China Launching Gold Backed Global Currency!
bump

Last Edited by G3 on 11/27/2012 06:40 AM
G3 (OP)
G3

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11/27/2012 06:40 AM

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Re: China Launching Gold Backed Global Currency!
bump2

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