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Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?

 
Saddletramp (OP)
We Don't Rent Pigs...

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01/28/2013 04:02 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
There's another piece of this puzzle that everyone keeps forgetting...

Notice how the U.S.A. has strategically moved military assets away from the Middle-East and into the South Pacific region over the last few years...

Shooting war is always something to consider when currency wars begin...as shooting wars are usually not far behind...
"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..."
Anonymous Coward
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01/28/2013 04:03 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
We may have just officially got owned
 Quoting: Scribbler


WE had to be sold out, first
AC 5341

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01/28/2013 04:05 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Is it just me, or are others wishing Saddletramp was retarded ?

Spooky message you're bringing, but you are once again probably dead on. Thanks for the heads up.
__________________

Merry Christmas !
littlemiracles

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01/28/2013 04:07 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Is it just me, or are others wishing Saddletramp was retarded ?

Spooky message you're bringing, but you are once again probably dead on. Thanks for the heads up.
 Quoting: AC 5341


I wish...but all the reading of his posts I've done say not...

:)
Anonymous Coward
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01/28/2013 04:07 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
"Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?"


Thats cuz they want to play with the Americans, who will undoubtedly sw. to gold back once they run the corrupt out of DC.

In the future....

Chinese Sneakers = $100
American Sneakers = $65
littlemiracles

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01/28/2013 04:08 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Btw...love the new avatar saddlehf
Anonymous Coward
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01/28/2013 04:11 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
"Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?"


Thats cuz they want to play with the Americans, who will undoubtedly sw. to gold back once they run the corrupt out of DC.

In the future....

Chinese Sneakers = $100
American Sneakers = $65
 Quoting: Anonymous Coward 1012969


and what will America use for gold?

Take a minute and read the original confiscation document.

It tells you that the gold is the FEDS not the publics.


Just what part of this uncomfortable but verifyable reality is so repugnant as to be ignored?
Anonymous Coward
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01/28/2013 04:12 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
"Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?"


Thats cuz they want to play with the Americans, who will undoubtedly sw. to gold back once they run the corrupt out of DC.

In the future....

Chinese Sneakers = $100
American Sneakers = $65
 Quoting: Anonymous Coward 1012969


the problem that American sneakers are not made by americans, who cannot even cut their own grass or build their own homes

NOBODY WORKS IN AMERICA, at least not americans,
Anonymous Coward
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01/28/2013 04:14 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Again a very good reason for personal ownership (in your possession) of gold and silver. What is in MY possession is not the Feds, and I'm not giving it to them, the U.S. government or the Chinese freely. Come and take it.
Anonymous Coward
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01/28/2013 04:14 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Unless...........


The U.S. is still the largest (on paper at least) holder of Gold Bullion. It may just force the U.S. to go back to the gold standard in order to compete (dominate). There is still the item of no official accounting of our gold supply.
But, as long as we can say that we have more gold backing our dollar than anyone else, we still remain the fiat currency of the world.

This brings up a whole plethora of questions about what happens next in PM markets, stock market, and the economy.

I'm not smart enough to know how the shock waves would affect everyting, but, people should start thinking about what the net effect(s) will be, because that is the first response the U.S. will make.
 Quoting: Anonymous Coward 30264892


NOOOO!!!!!!

Read the actual gold confiscation document, carefully, and you will notice that gold was bought by the FED at 20 dollars and then the price was immediately increased to 34 dollars.

The gold may or may not still be in the fort, and if it was, showing it would be reassuring to the world, but they dont, and the bookkeepping value is unchanged for decades, so it's not there, but the most important point is the gold became the FEDS and not the publics.

Read the last 3 words in the confiscation document.
They are novus ordus seclorum
Why was that necessary to add to the bizzare incantation at the end? Curious how many other such orders have incomprehensible incantations at the end?
 Quoting: Anonymous Coward 1310640

Döctör Whö

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01/28/2013 04:14 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
So does this mean that the Chinese Yuan a safe haven for American dollars?

Or will it be a new Chinese currency?

Any thoughts?
 Quoting: Anonymous Coward 31999590


Got me wondering the same question. Trying to see what I can find. I did run across this blog, so not sure how much truth is in it, but it mentions a Chinese renminbi.

[link to www.tfmetalsreport.com]

Quote from blog:

"The report discusses the likelihood/probability that, one day soon, the world will be offered an additional "reserve currency", the Chinese renminbi."(RMB or CNY) means "People's Currency" in Chinese language

tardis22 `The Doctor

Last Edited by Döctör Whö on 01/28/2013 04:19 PM
“All matter originates and exists only by virtue of a force which brings the particle of an atom to vibration and holds this most minute solar system of the atom together. We must assume behind this force the existence of a conscious and intelligent mind. This mind is the matrix of all matter.” ~ Max Planck
Anonymous Coward
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01/28/2013 04:16 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Let's face it we are all well and truly fucked,the Yanks will have to counter this with the Amero.
Anonymous Coward
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01/28/2013 04:18 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
So does this mean that the Chinese Yuan a safe haven for American dollars?

Or will it be a new Chinese currency?

Any thoughts?
 Quoting: Anonymous Coward 31999590


Got me wondering the same question. Trying to see what I can find. I did run across this blog, so not sure how much truth is in it, but it mentions a Chinese renminbi.

[link to www.tfmetalsreport.com]

Quote from blog:

"The report discusses the likelihood/probability that, one day soon, the world will be offered an additional "reserve currency", the Chinese renminbi."

:tardis22: `The Doctor
 Quoting: Döctör Whö


What makes you think they have any intentions of letting you survive when you already owe more than you own due to the debt?

How many of you understand you owe more than you have?
Doesnt that mean that technically you dont own anything?

Why yes, yes it does...
Anonymous Coward
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01/28/2013 04:19 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Let's face it we are all well and truly fucked,the Yanks will have to counter this with the Amero.
 Quoting: Anonymous Coward 33217626


and why would anyone take dollar.2?

Its not backed by anything
Anonymous Coward
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01/28/2013 04:22 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Unless...........


The U.S. is still the largest (on paper at least) holder of Gold Bullion. It may just force the U.S. to go back to the gold standard in order to compete (dominate). There is still the item of no official accounting of our gold supply.
But, as long as we can say that we have more gold backing our dollar than anyone else, we still remain the fiat currency of the world.

This brings up a whole plethora of questions about what happens next in PM markets, stock market, and the economy.

I'm not smart enough to know how the shock waves would affect everyting, but, people should start thinking about what the net effect(s) will be, because that is the first response the U.S. will make.
 Quoting: Anonymous Coward 30264892


AND THAT WILL FORCE PM CONFISCATION #2

New international money needs to be on par with the majors.

You need to have the same value chips to play international poker, not monopoly money
 Quoting: Anonymous Coward 1310640


at best you can expect a new script not redemable for gold, the gold money is for the politicians to make deals with, the public will get the equivalent of ww2 occupation dollars that are worthless outside the company store
 Quoting: Anonymous Coward 1310640


And the company store won't be a little one on the corner, these company stores will be inside all the big box stores that have been built. They look like distribution centers and I am wondering if that might be exactly what they are.
Anonymous Coward
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01/28/2013 04:25 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Entitlement spending has broken the fiscal back or our nation (and other nations). The only way to decrease the economic drag on the country (and other countries) due to entitlements is to decrease the number of welfare recipients. Since no one has the political will to "voluntarily" shrink the welfare rolls,............










what does that leave?.................................



MASS POPULATION REDUCTION (THAT IS THE PLAN).
Hypertiger

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01/28/2013 04:26 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
It's not a nail in the coffin of the Dollar...It would be China's coffin getting the nail love.

NATO controls who can buy what from the global trade system and what is used to buy it.

China is a net importer that is sustained by it's net exports to NATO.

If that stops...China turns into a net exporter...of Gold.

Until they run out and their entire country collapses.

You all don't know how the economic system works at all.
smokahontas

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01/28/2013 04:27 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The people have voted for the candidate has promised the most for free, for 60 years. Nothing is free and now the chickens are coming home.
"I may not agree with what you say, but I would defend to the death your right to say it." Voltaire

"Facts do not cease to exist just because they are ignored." Aldous Huxley
Anonymous Coward
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01/28/2013 04:29 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Entitlement spending has broken the fiscal back or our nation (and other nations). The only way to decrease the economic drag on the country (and other countries) due to entitlements is to decrease the number of welfare recipients. Since no one has the political will to "voluntarily" shrink the welfare rolls,............










what does that leave?.................................



MASS POPULATION REDUCTION (THAT IS THE PLAN).
 Quoting: Anonymous Coward 30264892


Its the only answer that fits all their needs

When the population disappears everything is free for those that are left alive.

Everything.
Is.
Free.

that used to be yourse

THATS WHAT WARS ARE FOR, through out history, not meals on wheels for the losers but death or servitude as slaves
Frater

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01/28/2013 04:30 PM

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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
We can be sure of several things:

Our evil people are the most evil and most brilliant.
China will get shafted.
We The people will have less, perhaps much less.

Frater
LVX!
insertfunnyusername

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Greece
01/28/2013 04:31 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Thanks for the proper financial doom Saddletramp. 5a
Anonymous Coward
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01/28/2013 04:35 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Thanks for the proper financial doom Saddletramp. 5a
 Quoting: insertfunnyusername


He only goes to financial doom, and only half way to boot as if there is a need to keep the vanquished around and happy.

Point out any history of the kindness of oriental or biblical invaders on other races and then you get the real doom, it wont merely be uncomfortable, it will be lethal or worse
Perseus -]+[-
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Greece
01/28/2013 04:35 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The source of this information is Jim Willie, and though an admitted doomer, he is still a respected source of economic information. The timing of this information also coincides with Jim Sinclair's recent announcement that gold and silver are set for a moonshot after "this last takedown" by Central Banks ends.

Combine the information that China is now admitting they are launching a gold backed currency for world trade, with upcoming Basel III regs, and many other economic pitfalls, such as the fiscal cliff and debt ceiling negotiations, all pointing to this Spring as a date of severe stress on the dollar.

Right now everything is pointing at a window of March thru June, however that could be pushed back, depending on circumstances and Central Bank intervention. People around here know that I have a gloomy outlook on future economic conditions, but I don't do a lot of prognostication because there are so many measures they can do to intervene if the timing of a collapse isn't on their schedule, but that said... Keep a close eye on the proposed circulation date for China's gold backed currency! You won't have a lot of time after that...

The admission by China is however one of the signals I was waiting for...Keep your shit screwed tight this Spring, it could get Western around here...

The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally. Imagine a contaminated blood system that infects, corrupts, and destroys all interior organs from the spread of the toxin. Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World. That is EXACTLY what is happening in the last several months. A division has begun, as the East has been busily installing the next generation platforms, as related to trade, banking, and commercial integration...

[link to news.goldseek.com]
 Quoting: Saddletramp

and thats the reason why germany want her gold back from
usa
we are fast approaching the new (very old) gold currency
running over dollar and euro carcasses and usa and europe
destroyed economies families and people

Thats WWIII
Marxist

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01/28/2013 04:36 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The source of this information is Jim Willie, and though an admitted doomer, he is still a respected source of economic information. The timing of this information also coincides with Jim Sinclair's recent announcement that gold and silver are set for a moonshot after "this last takedown" by Central Banks ends.

Combine the information that China is now admitting they are launching a gold backed currency for world trade, with upcoming Basel III regs, and many other economic pitfalls, such as the fiscal cliff and debt ceiling negotiations, all pointing to this Spring as a date of severe stress on the dollar.

Right now everything is pointing at a window of March thru June, however that could be pushed back, depending on circumstances and Central Bank intervention. People around here know that I have a gloomy outlook on future economic conditions, but I don't do a lot of prognostication because there are so many measures they can do to intervene if the timing of a collapse isn't on their schedule, but that said... Keep a close eye on the proposed circulation date for China's gold backed currency! You won't have a lot of time after that...

The admission by China is however one of the signals I was waiting for...Keep your shit screwed tight this Spring, it could get Western around here...

The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally. Imagine a contaminated blood system that infects, corrupts, and destroys all interior organs from the spread of the toxin. Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World. That is EXACTLY what is happening in the last several months. A division has begun, as the East has been busily installing the next generation platforms, as related to trade, banking, and commercial integration...

[link to news.goldseek.com]
 Quoting: Saddletramp


Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.

The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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01/28/2013 04:41 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Smart move by the CHINA MAN,

This alone will not crash the US, but it will as some have said make the US go back to backing all currency(paper) with gold....

So 16+ trillon will have to be backed by gold or the US will Have to make MASSIVE CUTS MASSIVE MASSIVE CUTS to the point where they will cease to be a major military force.

If they dont every smart person will go to the new plan by China, why because you investment are real backed by gold and not just a number floating around in a computer system.

Canada has already taken steps towards this outcome on many diffrent levels.

The writing is on the wall folks the US will not fall but Uncle Sam will be a one legged one eyed hobo.
Anonymous Coward
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01/28/2013 04:41 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The short term solution to what is coming is to learn how to grow something eat or barter, raise something to eat or barter, or make something of practical value that you or others will need.

And 2 more comments: The show Amish Mafia is totally faked and has been created to dis the Amish lifestyle. Most of them don't even have tv's to see what is being perpetrated against them, and even if they did, they would just turn the other cheek.

The U.S.D.A. has declared war on the Amish and their farms.

Why is it so important to try to destroy the Amish? Because they can survive without allegiance to the Beast. They must be defeated for the Beast to be able to rule with an iron fist.

I would really hate to be on satan's side. All you satan lovers, both consciously and unconsciously, drink it up. Your time is short. But your perdition is FOREVER. Like in WAY WAY after you are ready for it to be over with, it just goes on and on and on like the energizer bunny. Who knows, you might get used to it, NOT.
Marxist

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01/28/2013 04:41 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
It's not a nail in the coffin of the Dollar...It would be China's coffin getting the nail love.

NATO controls who can buy what from the global trade system and what is used to buy it.

China is a net importer that is sustained by it's net exports to NATO.

If that stops...China turns into a net exporter...of Gold.

Until they run out and their entire country collapses.

You all don't know how the economic system works at all.
 Quoting: Hypertiger


Bingo! Finally, someone who understands infinite growth.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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United States
01/28/2013 04:42 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
The source of this information is Jim Willie, and though an admitted doomer, he is still a respected source of economic information. The timing of this information also coincides with Jim Sinclair's recent announcement that gold and silver are set for a moonshot after "this last takedown" by Central Banks ends.

Combine the information that China is now admitting they are launching a gold backed currency for world trade, with upcoming Basel III regs, and many other economic pitfalls, such as the fiscal cliff and debt ceiling negotiations, all pointing to this Spring as a date of severe stress on the dollar.

Right now everything is pointing at a window of March thru June, however that could be pushed back, depending on circumstances and Central Bank intervention. People around here know that I have a gloomy outlook on future economic conditions, but I don't do a lot of prognostication because there are so many measures they can do to intervene if the timing of a collapse isn't on their schedule, but that said... Keep a close eye on the proposed circulation date for China's gold backed currency! You won't have a lot of time after that...

The admission by China is however one of the signals I was waiting for...Keep your shit screwed tight this Spring, it could get Western around here...

The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally. Imagine a contaminated blood system that infects, corrupts, and destroys all interior organs from the spread of the toxin. Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World. That is EXACTLY what is happening in the last several months. A division has begun, as the East has been busily installing the next generation platforms, as related to trade, banking, and commercial integration...

[link to news.goldseek.com]
 Quoting: Saddletramp


Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.

The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
 Quoting: Marxist


Communist or not, the one with the gold calls the tune.
The proles are at the mercy of the elites, and elites are all the same, narcissists and sociopaths that tolerate no equality with others
Anonymous Coward
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01/28/2013 04:44 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Smart move by the CHINA MAN,

This alone will not crash the US, but it will as some have said make the US go back to backing all currency(paper) with gold....

So 16+ trillon will have to be backed by gold or the US will Have to make MASSIVE CUTS MASSIVE MASSIVE CUTS to the point where they will cease to be a major military force.

If they dont every smart person will go to the new plan by China, why because you investment are real backed by gold and not just a number floating around in a computer system.

Canada has already taken steps towards this outcome on many diffrent levels.

The writing is on the wall folks the US will not fall but Uncle Sam will be a one legged one eyed hobo.
 Quoting: Anonymous Coward 12786780


May as well back it with Unobtainium, after all there is more of that, there is nowhere close to 16 tr in gold in the entire US, and to get even most of that, it would have to be confiscated outright, after all who would sell their precious for a trainload of worthless paper?
Anonymous Coward
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01/28/2013 04:44 PM
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Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Op, what will happen to price of gold and silver?

News