Godlike Productions - Conspiracy Forum
Users Online Now: 2,675 (Who's On?)Visitors Today: 2,535,352
Pageviews Today: 3,430,605Threads Today: 809Posts Today: 15,619
10:48 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Chinese sovereign wealth fund dumping dollars for strategic investments like gold

 
US dollar is dying
User ID: 762197
United States
09/03/2009 08:14 AM
Report Abusive Post
Report Copyright Violation
Chinese sovereign wealth fund dumping dollars for strategic investments like gold
Chinese sovereign wealth fund dumping dollars for strategic investments like gold
Author: Lawrence Williams
Thursday , 03 Sep 2009
Reports suggest that China's main sovereign wealth fund and other state entities are under pressure to invest in strategic Western assets as the country tries to offload its dollars for firmer-based wealth including gold and oil....Probably the most interesting of the recent reports of what is happening with Chinese sovereign wealth fund investment outside China has come from Paul Mylchreest's Thunder Road Report where an ex-U.S. intelligence service member is quoted. He reports that he has a friend who is in the Chinese Sovereign Wealth fund sector who says - hearsay I know and it wouldn't stand up in court - indicated that the wealth fund analysts were working all hours of the day and night trying to put investment deals together - particularly in the oil and precious metals sectors. The conclusion is that China recognises that the U.S. dollar is going to tank and it wants to convert as much of its trillions of dollars of holdings into strategic assets as possible before the collapse really takes hold....In an interesting, but perhaps disturbing footnote to the Thunder Road Report mentioned above, Paul Mylchreest comments that in Latin America, where he has been living for 25 years, for the first time he can remember, locals are now preferring their own currency to U.S. dollars. He goes on to finish with this comment: "If a fellow with no education, a poor diet, and inadequate medical treatment living at 3,500 metres above sea level can figure out that the US dollar is undesirable as a store of wealth, how much longer do you think it can last as the world's reserve currency."
[link to www.mineweb.com]
Anonymous Coward
User ID: 751857
United States
09/03/2009 10:13 AM
Report Abusive Post
Report Copyright Violation
Re: Chinese sovereign wealth fund dumping dollars for strategic investments like gold
HUGE!

sfan

News








We're dropping truth bombs like it's the end of days!