CHINA-As part of their requirements to enter into the SDR basket of currencies in Oct, will reveal their GOLD holdings by 30 Sep

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Jim Rickards has predicted a major upset to the global fiat currencies including the US Dollar at the end of trading at September 30th as the Chinese Yuan is added to the SDR basket of currencies.

Financial Expert David Morgan warns Derivatives & swaps leverage are poised to COLLAPSE…


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Dollar Collapse Starts Sept 30? Gold Bull Will Rage | David Morgan

Published on Sep 18, 2016
With major analysts predicting a convulsive impact to the US Dollar this fall, driven by a global rush into the new SDR basket of currencies once it becomes turbo-charged with the Chinese Yuan and gold, how will Gold and Silver react, and what can you do NOW even beyond holding gold & silver to position yourself ahead of the next surprise leg of the bull market?

IN THIS INTERVIEW:
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Approaching Sep 30, 2016 Chinese Yuan addition to the SDR basket of currencies

Jim Rickards has predicted a major upset to the global fiat currencies, including the US Dollar at the end of trading (4pm EDT Sept 30, 2016)

Most nation states know that there needs to be a reset - SDR will be funded by all the nation states, will the SDR be enacted as the new global currency? At least for state-to-state finances?

SDR may well be perceived as more desirable since “more stable”: a hedge against individual currency fluctuations. Will dollars be swapped out for SDRs by major holders all over the world?

SDR will only take hold if the populace is unaware of what it really means: just another paper fiat scheme.
Will SDR manage to extend the over-aged fiat system for a few more months or years?

Currency reset will cause a huge disruption in JIT (Just-in-Time) supply chains, but we may truly need to go through a reset to heal the unbacked unsound paper system.

Derivatives & swaps leverage are poised to collapse at a tipping point.
*** True reset without pain is impossible.

SDR impact on the gold market? Gold should be included in the SDR, and IMF should reprice gold much higher (Rickards calls for $10,000/oz) to provide liquidity and appearance of stability.
SDR could take gold either way, even based on rhetoric - if gold is declared to be in or out.

What happens when the psychological tipping point is breached, and the masses of the population follow the 1% of leaders (gold & silver stackers) away from empty fiat currency to real money (gold & silver)? Rush to physical precious metals driven primarily by fear, not greed. Suddenly population panic that their pension plan, saving account, real estate portfolio value will implode.

We must recognize the inherent risks in the Keynesian fiat Ponzi scheme - Yes it fuels economic growth on steroids, but when you run out of followers, the pyramid collapses.

Where are Gold & Silver going next?
MAJOR INDICATORS:
We are in the 3rd leg of secular bull market,
Silver is leading gold: What does that signify about a bull market?
Silver peaked May 2011, Gold peaked in Sept 2011
Miners moving at 3X the metals: What is that a signal of a bull market?
Expect consolidation, followed by a runup later in the year
If you can get silver under $20 you should.
Don’t be surprised sharp dip corrections, hang on and the runaway to the upside can come just as fast.
Most of the surprises will be to the upside.
Selloffs have been failing miserably, yielding insignificant results.
Secure bull market is firmly in place.

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This week Donald Trump said, “If it was a choice between the right decision and a political decision… The Fed would choose the political decision.”

He then stated that the market “will remain at artificially high levels until January 1st”. This came not long after he slammed Fed chairwoman Janet Yellen in a CNBC interview when he told the interviewer that she should be “ashamed” of her “very political” and “false” market.

He then claimed that the reason interest rates wont be increased prior to the election is because Yellen and the Fed are trying to bolster Barack O’bomber’s legacy (or lack thereof).

Last Edited by No Dhimmi on 09/23/2016 08:51 AM

China is on a massive gold buying spree

China's government doesn't share exact figures, but the vast majority of gold heading into mainland China passes through Hong Kong, which does make its records public.

Gold imports to China have surged over 700% since 2010, according to the latest data from Hong Kong.

Exactly what China is doing with all that gold remains somewhat of a mystery. The increasingly wealthy Chinese are buying, but that doesn't explain all the jump in demand.

[link to money.cnn.com]

Robert Kiyosaki Last warning to america % 100 dollar will collapse end of 2016



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Thank you - better stack more PMs now - later will be too late.

People best hang on because we may be about to hit a speed bump.

As long as China doesn't get two ports blown up like the last time they messed with their currency, this could bring good and bad news. It all depends on which banks survive....

CHINA to DE AMERICANIZE the World, & COLLAPSE U S Dollar Bix Weir Exclusive Interview 1


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what tha'?

China’s toxic debt pile may be 10 times official estimates: Fitch

Solving China's bad loan problem would result in a capital shortfall of 7.4 trillion-13.6 trillion yuan ($1.1-2.1 trillion), equivalent to around 11-20 percent of China's economy, Fitch said.

[link to finance.yahoo.com (secure)]

Last Edited by Hard Eight on 09/23/2016 11:20 AM

This disaster is a slow motion train wreck. Most people don't have the patience to watch it through to completion.

BO and his socially promoted acolytes have failed to keep the peace in the world or at home...

... as evidenced by the BLM city wide rioting whenever a black career criminal is shot.

When a country can't deal with it own violent criminal class and fails to act diligently to preserve the lives of its peaceful citizens and property the... world takes note and draws conclusions.

As a consequence it looks like our money printing days are over and the world looks for monetary stability.

...and so it goes in abomination loving, post-Christian amerika.

It's possible the price of gold will drop.

The (price of gold/remimbi money supply) ratio vs. (Price of gold/U.S. dollar money supply) is off by a whole order of magnitude showing that in the Chinese market Gold is actually much cheaper... when they join the SDR basket it could basically deflate all western positions imo...

We had a good run...

Last Edited by B@Z on 09/23/2016 11:57 AM

Not true...there is WAY too much debt for Gold to drop. They will have to inflate Gold to wash away said debt. Ask yourself why China has been buying so damn much of it??

Doom..

What's to stop them from lying anyways?

Imagine if we took all of the debt we've created over the past 30 years and converted it to gold instead of financing foreign warfare.

We'd be rich, even though we have the debt.

Now, we have no gold, and all debt.

Even if China is in debt on paper, if they are holding all the gold.. Are they really in debt? Or are they wealthy?

It's economic warfare and we're losing bad. I doubt our psychopaths would allow an economical collapse... So, war it is!

They will no doubt purposely understate the amount of gold that they actually have in an effort to give them more time to unload U.S. treasuries in lieu of tangible assets or other safer stores of value. A rapid collar collapse is not in their best interest.

I think this commercial with subliminal messages may have been a warning. Jade (China) will be at the financial helm.
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Thanks for pinning it.

This is REAL Doom for the west huh oh...

Yuan will have reserve status

Simple, China makes the products.
USA trade deficit with China more than 400 billion.
China will demand payments in yuan.
China already has more than 30 swaps agreements with other countries.
Central banks have been hoarding yuan for several years.

According to Jim Willie China might have 250,000 tons of gold ( private and government )

Worst case scenario :

China declares more than 30 thousands tons of gold
Back its currency with gold
Demands payments in yuan