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

you assume they need you alive?
Why?
3/4 of the US population is on aide, and nobody invades to support the existing welfare state.
It was only the US that stopped exterminating its wartime enemies, and I suspect that the old ways and traditions of conquest will be coming back soon

What happens when all of those people/governments outside the U.S. decide to trade in their old reserve currency? All of their dollars will suddenly be competing with our dollars for the same quantity of goods & services. Is this not the very definition of hyperinflation?

Don't forget that nobody was ever prosecuted for not turning in their metals. Only a fool would voluntarily comply with a confiscation.

Plus the stock market is headed back towards record highs, and last time that happened it collapsed not long after.

I think things will be much different this time, before, they needed bodies and workers, and now, not so much.
What they want is the property without the former and now massively bankrupt property 'pwners' making demands for their 'rights'.

Well that's inflation at a bare minimum...hyperinflation is the loss of confidence in a currency, which would happen pretty quickly in this situtation I think...

Thereby giving Japan, Europe, and the USA impetus to re-back their fiat currencies and make an agreement with the BRICS to peg all the currencies together...

Problem is, everything we now own is valued in fiat federal reserve notes...and they're going to have to pull a lot of that out of circulation...so, while I'm sure they will be apologetic about it, we'll have to trade in $200 old for $100 new or something to that equivelent...

Regarding precious metals confiscation...why? Less than 10% own any investment grade precious metals anyway...

Plus everything we own is valued in Fiat currency now...rather than confiscation, they will play with the value of people's assets by playing with the value of the currency, they can do this with a keystroke...

Why worry about the small percentage of people with gold and silver when they control the way it is valued...

Last Edited by Saddletramp on 01/28/2013 03:35 PM

Not to mention the media was not all in another nations service, the military was not simply about a paycheck, the minorities and dual citizens were treated as minorities and dual citizens and americans still remembered at what cost they built a nation and assumed that work was a requirement, not an option.
The PTB dont want to spend or share their 'precious' on pensioneers and basketball americans after theyve served their purpose.

You cant sit like an effendi and be equal at the same time

Not simply pm's but property ownership.

Once you take over land title for non payment of various taxes etc, it's over for the former occupants, and they become inconvenient

Damn!!! That's a strong argument!
Zimbabwe... here we come.

United States of Enron

The New World Order boys set up the World Economy
so that this shouldn't happen.

If the Chicoms collapse the dollar, their warehouses
full of US insecurities become toilet paper.

If they are willing to take not only that loss,
but also the loss of their biggest customer,
they might go for it.

Are they willing to decimate their own economy in
order to decimate ours?

I doubt it.

And the Federal Reserve is buying up every Mortgage in the United States with money created out of thin air even as we speak...

40 Billion per month going towards the big banks for the Fed to buy Mortgage Backed Securities from them, so long as they will put their profits back into Treasury Bonds...do we see a pattern here?!?!?

Where are todays canaanites or philistines?

you need to read some history, most of which is about exterminating the former owners of territory and taking it over.

I forsee giving U.S. property to China eventually they will own the very land we live on.

So i'm still waiting for someone with more insight than me, to explain some of the potential ramifications, if we go back to a "stated" gold standard for the U.S. dollar.

What do you think will happen?

Theyre pissing on everything, marking their territory, they gave you monopoly money and want earned money back which you cannot ever truly pay off because you have to not only pay off the note you still then must pay the treasury for the original debt, fees and interest as well.
It's a ponzi scheme and cannot be vanquished with those currently running the show

So does this mean that the Chinese Yuan a safe haven for American dollars?

Or will it be a new Chinese currency?

Any thoughts?

There would be not a single dollar in circulation if we payed off our debt. Gold cant cover the 16trillion dollar debt. There would be no gold left if we were to back our money we would be bankrupt

there is no US gold, it was given to the Fed. It's not yours, it's not ours, it is theirs and they dont care.

Where are todays canaanites or philistines?

you need to read some history, most of which is about exterminating the former owners of territory and taking it over.


The only difference is, that the Nation of Israel was a fairly cohesive unit. They had a national identity and believed in the perpetuation of the Nation. Every single soul was important.

I don't think the "controllers" of China give a rip about their people and the perpetuation of their tribe. It's all about the perpetuation of the ideal. Which Is? Anyone want to take a stab at it?

What I want you to understand is that they don't intend to pay off the debt with the gold (imaginary or not). They are just going to say that our money is backed by "our" gold, but that you can't redeem it. It is just a play on words. Sematics. The sheeple will buy it for awhile.

I agree to some extent, I think everything that happens will be planned out to the letter, but, here are some considerations to your theory...

The U.S. share of Chinese exports has already been shrinking every year since 2009.

The amount of debt the Chinese hold in the USA has gone down by over 200 Billion since 2010.

The debt held by the Chinese in the USA is now weighted heavily to short term debt of 1 to 3 years...

China has gone from being the biggest holder of US debt to 3rd behind Japan and the Federal Reserve itself...

China has been moving towards a more export independent economy by enriching their own people and moving them into a consumer based culture...

China has now stocked up on a reported three years worth of rice and other essential commodities...

If you take into account the bonds that China defaulted on after WWII to U.S. Bondholders...the U.S. actually owns more debt of China, than China owns of the U.S...

who do you think is selling the gold on all the dealer ads?
it's the feds gold, that they got for 20 bucks, they know if youre around long enough, that they will get it back because you will be hyperinflated and taxed out of everything you own.

You have nowhere to run, and if you sneak into Mexico or other countries as an illegal with gold, your grave will never be found

China has been laying the groundwork for this for some years now, and last November's summit created a trading group in SE Asia that not only leaves out the United States, they didn't let Barry go to their conferences.

Australia and Japan are both IN, US and dollar are out.

This has been discussed here and about before, but here:

[link to www.atimes.com]

(snip - everyone in the USA needs to read this whole article at link)

"It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world's population, would form a Regional Comprehensive Economic Partnership excluding the United States.

President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn't. The American led-partnership became a party to which no-one came.

Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand, will form a club and leave out the United States."
***
This is not projected, it is done. The Chinese have alredy set up markets where a Vietnamese farmer can get Chinese yuan with which to purchase supplies from many other countries INCLUDING India, Russia, Japan and Australia. At no time need he use dollars. The Germans are also using yuan directly, to borrow and sell.

It's all over but the internal strife here in the USA as the 90% or so who don't pay attention suddenly realize what's happened. The announced gold backing has been expected for years, since China announced their huge purchases of bullion.

Hang on to your hats, guys. It's not COMING - it's already happening.

Think about it and many other things make much more sense.

CH

It is a my dad > than your dad thingy. Our pile of gold is bigger than your pile.

This is just another step toward "people" realizing that gold isn't really worth anything.

You know, I would have thought that diamonds would have already become worthless, but people are still dying to have more or bigger diamonds than someone else.

There are so many vaults full of diamonds that have never seen the light of day, that you could pave roads with them, but people still "value" them. People are so funny.

I don't think it is a simple easy matter to buy Chinese yuan --you can, but not as easy as buying other foreign currency.

There's a difference.
Your dad doesnt have any gold, that's the difference,
the largest holder of gold is a multinational private banking system run for profit.
It's not only the gold, it's the capacity of the population to generate revenue.
The US doesnt even generate enough gross to cover it's debts.
that means it's dead, economically, and there is no prospect for anything better.

We may have just officially got owned