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

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.

"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

"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

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?

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

Or will it be a new Chinese currency?

Any thoughts?

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

Let's face it we are all well and truly fucked,the Yanks will have to counter this with the Amero.

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

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).

Thanks for the proper financial doom Saddletramp.

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]

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]

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.

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.

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.