Godlike Productions - Conspiracy Forum
Users Online Now: 2,977 (Who's On?)Visitors Today: 2,655,247
Pageviews Today: 3,629,862Threads Today: 607Posts Today: 13,481
10:39 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

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

 
Marxist

User ID: 16736566
New Zealand
01/28/2013 07:18 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


They are getting the Land here in the US and the Ports that's the chatter I heard, the chinese have been here looking around at their new assets but they need us disarmed to collect
 Quoting: Anonymous Coward 25801142



Feds grant eminent domain as collateral to China for US debts.

060
February 26, 2009
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
Beijing, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.

[link to www.liveleak.com]
 Quoting: Anonymous Coward 25801142


This is nonsense. Elites worldwide have moved beyiond physical assets to derived value (derivatives and such like.) For as long as they are capable of, IN COOPERATION, extracting surplus value from labour, why should they play these stupid games.

Only when infinite growth reaches its peak (and we are nowhere near that peak with almost 4 billion without adequate infrastructure.), will we find that the co-operation will retreat behind protectionism.

The elites are merely those of us who have succeeded. They aren't reptilian demons or other such nonsense. There are many willing candidates for this success on the sidelines so it's disingenuous to say that we, the outraged, would in any way be any better were we to suddenly come upon a fortune. By and large, all well-off act in concert, even if they say they are not. It is in their interest to ensure they remain well-off whilst the masses flail about in confusion.

The Chinese well-off have the average just as fooled as the rest of us as by own own home grown elites.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
User ID: 33228044
Germany
01/28/2013 07:25 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
crap. goldtards try to push the price of their gold plated tungsten.

there is simply not enough physical gold to accomplish this plan.

forget it.

/doom stand by

however the US and EU need to find a way to get rid of the debt without a war.
about time to bring the brightest minds together and lock the door until they find a solution.
Anonymous Coward
User ID: 31769448
United States
01/28/2013 07:35 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
the central banks have been fighting it. The chinese dragons got hold of the global fed (financial tool before then of the committee of 300), fall 2010 prompting the Libya war by the bankers.

The global fed was and probably still is, although the owners changed, the central bank of the centrals banks. It is not just the central bank of the us of a, you are lied too.
Anonymous Coward
User ID: 4655644
United States
01/28/2013 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Dose OP or anyone else know of any Chinese Companies buying US homes?
 Quoting: TastyThoughts


They are getting the Land here in the US and the Ports that's the chatter I heard, the chinese have been here looking around at their new assets but they need us disarmed to collect
 Quoting: Anonymous Coward 25801142



Feds grant eminent domain as collateral to China for US debts.

060
February 26, 2009
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
Beijing, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.

[link to www.liveleak.com]
 Quoting: Anonymous Coward 25801142


This is nonsense. Elites worldwide have moved beyiond physical assets to derived value (derivatives and such like.) For as long as they are capable of, IN COOPERATION, extracting surplus value from labour, why should they play these stupid games.

Only when infinite growth reaches its peak (and we are nowhere near that peak with almost 4 billion without adequate infrastructure.), will we find that the co-operation will retreat behind protectionism.

The elites are merely those of us who have succeeded. They aren't reptilian demons or other such nonsense. There are many willing candidates for this success on the sidelines so it's disingenuous to say that we, the outraged, would in any way be any better were we to suddenly come upon a fortune. By and large, all well-off act in concert, even if they say they are not. It is in their interest to ensure they remain well-off whilst the masses flail about in confusion.

The Chinese well-off have the average just as fooled as the rest of us as by own own home grown elites.
 Quoting: Marxist


Well Marxist, the elites have actually moved as you stated to a point where they just have to pound on a keyboard to increase their wealth, add a few zeros swap a few accounts, bingo-bongo, I'm rich, you're poor. Simple.

But the right of Eminent Domain being issued to a foreign government, well that is unbelievable. As a former Mayor who held Eminent Domaint domain in his hand as money boys pleaded, "Just use E.D. Mr. Mayor, take the land and we will take care of you", I am one of the few I know that TRUELY understands the POWER of this right. In fact, my parents lost our home in '63 by the use of it, so there is NO WAY I can convey to any of you, the shear terror of this power in the hand of Ding Ho and the Clan of the Dragon. Kiss freedom goodbye America I say.
Anonymous Coward
User ID: 25801142
United States
01/28/2013 07:55 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
[link to www.zerohedge.com]
Anonymous Coward
User ID: 25801142
United States
01/28/2013 07:58 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Shitstorm comin is BIG [link to www.zerohedge.com]
Sig Sauer

User ID: 33092074
United States
01/28/2013 08:04 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Trust me...hold your gold, silver, guns and ammo...
 Quoting: Fire Watch




Yup, I've been in silver for years.....bought in cheap. Really though even at what 30 something silver is still affordable and bound to rise.
Smp
S.M.P.

User ID: 17676596
United States
01/28/2013 08:13 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
stoneralien03Some one has to o it. Right? Can't have one without the other?1doh1
Smp
S.M.P.

User ID: 19461785
United States
01/28/2013 08:16 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
stonershroom I will give it a kiss.music
Anonymous Coward
User ID: 399597
United States
01/28/2013 08:24 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
For them to pull it off, gold has to reach app $ 9,000.00 an ounce.
Anonymous Coward
User ID: 8079871
United States
01/28/2013 08:32 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Shitstorm comin is BIG [link to www.zerohedge.com]
 Quoting: Anonymous Coward 25801142


wtf
Anonymous Coward
User ID: 13825301
United States
01/28/2013 08:40 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Just another rant from ZeroCredibility.
Anonymous Coward
User ID: 28877344
United States
01/28/2013 08:53 PM
Report Abusive Post
Report Copyright Violation
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.
[/quote

The U.S. Has no gold
 Quoting: Anonymous Coward 30264892


why have things been changing in the markets

is because oil is getting expensive

gold is no different

cell phones will make technology too expensive to buy
Anonymous Coward
User ID: 33195531
United States
01/28/2013 09:20 PM
Report Abusive Post
Report Copyright Violation
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.
[/quote

The U.S. Has no gold
 Quoting: Anonymous Coward 30264892


why have things been changing in the markets

is because oil is getting expensive

gold is no different

cell phones will make technology too expensive to buy
 Quoting: smokahontas


Gold will tank!
Oil will tank!

Technology/ cell phones are cheap because it is a way to track everyone.

IMO Real Estate is still the best investment!
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736749
United States
01/28/2013 10:44 PM

Report Abusive Post
Report Copyright Violation
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
 Quoting: littlemiracles


At least everyone has finally gotten used to the finger, I'm not getting (specifically) bad karma for that anymore...

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

User ID: 736749
United States
01/28/2013 11:05 PM

Report Abusive Post
Report Copyright Violation
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


Hey Marx!

Been waiting for you to show up...we never agree, but we always part friends, I must say, even if I don't like your economics per se, I like the fact you debate your points in an informed and civilized manner...and most of the time our points of contention are mainly definitions...

But, I would ask you to explain, if you really believe your comment above, why then has China increased it's gold holdings from a little over 300 tons in 2010, to over 1100 tons today?!?!?

And that is just reported governmental holdings, that does not include the gold held by Chinese banks or the Bank of China...

Last Edited by Saddletramp on 01/28/2013 11:08 PM
"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..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736749
United States
01/28/2013 11:17 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
So Saddletramp, you are a lot more of a money guy than I, tell me what is wrong with MY theory. The Chinese have made gazillions on providing the US with cheap shit. They hold a crapload of our debt, or did, who knows where it stands today. From what I gather, they have been buying resource they can in the US with those dollers, probably backing out of T-bills, and building Chinese cities on US soil. With the right of Eminent Domain granted to them two years ago and delivered by Hillary herself, why can they not just introduce their gold backed yuan, crash the US dollar and own damn near EVERYTHING worth owning here in the US?

And once that is accomplished, except for our women for breeding stock and a few slaves, what would they need the US citizens for anymore, useless eater that they are?
 Quoting: Black Knight


Well, you have to remember that David Rockefeller has wanted to put the United States under the Chinese Communistic/Fascistic system for upwards of twenty years now, and has been actively working towards that goal...

The question is, how far has he come in achieving that goal?!?!?
"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..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736749
United States
01/28/2013 11:25 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Sorry I didn't get to thank you for the Pin before I left for a meeting this afternoon...

So thanks for the pin now...

hf

And thanks to everyone who responded to this thread. Keep your eyes and ears open!

hf
"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..."
Children of the Atom

User ID: 20257839
United States
01/28/2013 11:26 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
This will be Huge and the last nail in the coffin for the dollar if true!
 Quoting: smokahontas


chuckle

Goodness, no...
GFX guy

User ID: 9776422
United States
01/28/2013 11:59 PM
Report Abusive Post
Report Copyright Violation
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


Hey Marx!

Been waiting for you to show up...we never agree, but we always part friends, I must say, even if I don't like your economics per se, I like the fact you debate your points in an informed and civilized manner...and most of the time our points of contention are mainly definitions...

But, I would ask you to explain, if you really believe your comment above, why then has China increased it's gold holdings from a little over 300 tons in 2010, to over 1100 tons today?!?!?

And that is just reported governmental holdings, that does not include the gold held by Chinese banks or the Bank of China...
 Quoting: Saddletramp


popcorn
I live for proper debate! This thread has been quite enlightening!
cheers
BTW... 1100 tons that they've been forced to disclose above board.
Anonymous Coward
User ID: 30264892
United States
01/29/2013 12:36 AM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
And on another note: If the population of the earth drops dramatically in a short period of time and the world gold supply remains the same (i.e. is not lost or buried) then the price will plumet, same with land. Fewer people, less demand. Price will plumet. Talking about a real estate bubble, lol.
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
01/29/2013 12:50 AM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
And on another note: If the population of the earth drops dramatically in a short period of time and the world gold supply remains the same (i.e. is not lost or buried) then the price will plumet, same with land. Fewer people, less demand. Price will plumet. Talking about a real estate bubble, lol.
 Quoting: Anonymous Coward 30264892


You know population is not so far off of the subject as you might think. When you factor in that not only has our economic/debt cycle peaked, energy has peaked and wobbled since 2009, food production has actually gone down for the last three years, and many experts say that the population cycle of our planet is at or near peaking.

And if nature is any guide, the population of a species that has met the limits of its environment has a tendency to stabilize for a short time, then crash dramatically by up to 50%...

Isn't it funny how all of these cycles are peaking at the same time...almost like it was planned, that or someone is paying close attention to them...

Last Edited by Saddletramp on 01/29/2013 12:50 AM
"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
User ID: 31025789
Canada
01/29/2013 01:11 AM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Fort Knox is EMPTY!
 Quoting: smokahontas


That has been speculated FOR YEARS, but remains to be seen. Like I said, if we don't have to prove it, nothing prevents us from claiming that we have it. C'mon, do you really think that any moral convention of any kind constrains this current administration?
 Quoting: Anonymous Coward 30264892


I hear what you are saying...but it still would be only a matter of time.... The Chinese could audit and show full transparency of their gold....while the world speculates on whether or not fort Knox is empty.....

Only a matter of time before the world prefers the Chinese backed gold currency that is quantifiable compared to the usual fed/us/ ..don't worry just trust us..it's all there story....

As an investor/shopkeeper/businessman looking to preserve value which would you prefer to take?

2nd quarter 2013 could be hot with all these economic events coinciding

I guess that's why homeland security just orderd 7000 Personal Defense Weapons... (that's what they call them when THEY own them...when you and I own them they are called ASSAULT rifles)

[link to www.zerohedge.com]
Anonymous Coward
User ID: 26901627
Mongolia
01/29/2013 01:54 AM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
in the Weimar model it took 5 years. Gold however soared in this model and would at least hold it's value in a dollar collapse
 Quoting: Black Knight


In that scenario you would need to trade the gold for something other than dollars, since dollars would have no significant value. If an ounce of gold is worth 1600 dollars or 10,000 yuan one day, it might be worth 160,000 dollars the next day but only 8,000 yuan. In effect, the gold could lose value as it cannot be recovered in dollar amounts.

Back when people were using Rubles for wallpaper, nobody cared how many Rubles anything was worth. You had to trade for the new currency, or for some other currency, in which case your gold was worth about the same if not less than it was the week before.

Buy irrigation! To hell with gold.
 Quoting: Anonymous Coward 13825301


Well, water will be the MOST valuable commodity, followed by food, and then weapons and then ammo. Hard to argue that.
 Quoting: Black Knight

Clean, potable water, that is.

And that means water filtration will be valuable too. You can't boil chemical contaminants and heavy metals, etc. out of your drinking water.

Don't forget medicines and vices. Pain killers and antibiotics will be in super high demand.
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 1052341
United States
01/29/2013 02:00 AM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
in the Weimar model it took 5 years. Gold however soared in this model and would at least hold it's value in a dollar collapse
 Quoting: Black Knight


In that scenario you would need to trade the gold for something other than dollars, since dollars would have no significant value. If an ounce of gold is worth 1600 dollars or 10,000 yuan one day, it might be worth 160,000 dollars the next day but only 8,000 yuan. In effect, the gold could lose value as it cannot be recovered in dollar amounts.

Back when people were using Rubles for wallpaper, nobody cared how many Rubles anything was worth. You had to trade for the new currency, or for some other currency, in which case your gold was worth about the same if not less than it was the week before.

Buy irrigation! To hell with gold.
 Quoting: Anonymous Coward 13825301


Well, water will be the MOST valuable commodity, followed by food, and then weapons and then ammo. Hard to argue that.
 Quoting: Black Knight

Clean, potable water, that is.

And that means water filtration will be valuable too. You can't boil chemical contaminants and heavy metals, etc. out of your drinking water.

Don't forget medicines and vices. Pain killers and antibiotics will be in super high demand.
 Quoting: Anonymous Coward 26901627


Water has been a huge issue in Texas, they're paying a lot of money for water rights now...
"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..."
eddy

User ID: 21052064
United States
01/29/2013 05:18 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
Great thread OP bump

Last Edited by eddy on 01/29/2013 05:20 PM
oldmandowntheroad

User ID: 24360013
United States
01/29/2013 05:49 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
It's called the New World Order!!! We will be lucky to make cheap plastic toys and crappy electronics. The new minimum wage will be 2.50 an hour, except federal employees, who get a 12% pay raise!danceogrrr
Anonymous Coward
User ID: 4655644
United States
01/29/2013 05:53 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
It's called the New World Order!!! We will be lucky to make cheap plastic toys and crappy electronics. The new minimum wage will be 2.50 an hour, except federal employees, who get a 12% pay raise!danceogrrr
 Quoting: oldmandowntheroad


Well, 2 years ago Ben "Butt-hump" Bernacke DID say that if Americans wanted jobs they were going to have to learn how to be competitive with the Chinese. $1.50 a day wage anyone? After all "you're lucky just to have a job, right?
Anonymous Coward
User ID: 20513744
Canada
01/29/2013 06:01 PM
Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
What happens to Canada in all of this...?

Are we in the New Group with Asia or........?

You guys always forget about us. We sell you 2/3rds of your oil so I wouldn't do that if I was you.

Some of you might want to come and try to hide here also.

SaddleTramo. What say you...?
AC 5341

User ID: 30846516
United States
01/29/2013 07:17 PM

Report Abusive Post
Report Copyright Violation
Re: Is This The Big One? China Finally Admitting They Are Launching A Gold Backed Currency For World Trade?!?!?
What happens to Canada in all of this...?

Are we in the New Group with Asia or........?

You guys always forget about us. We sell you 2/3rds of your oil so I wouldn't do that if I was you.

Some of you might want to come and try to hide here also.

SaddleTramo. What say you...?
 Quoting: Anonymous Coward 20513744


You don't want the ones that will be running.

News