Shanghai gold boss wants super-sovereign currency for post-crisis times | |
Anonymous Coward (OP) User ID: 78831457 Czechia 05/03/2020 11:07 AM Report Abusive Post Report Copyright Violation | You know what that means, end of the FIAT money, USA won't no longer be the world sheriff and main currency holder, big question is if USA approves and is working on the plan together with the Chinese or the Chinese want to introduce digital - super - currency without USA's knowledge, green light, in that case that means WW3. |
Anonymous Coward User ID: 78013661 United States 05/03/2020 11:08 AM Report Abusive Post Report Copyright Violation | |
Dr. Feels User ID: 78707861 United States 05/03/2020 11:11 AM Report Abusive Post Report Copyright Violation | |
apple orchard User ID: 76809044 United States 05/03/2020 11:18 AM Report Abusive Post Report Copyright Violation | SHANGHAI, April 28 - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Quoting: Anonymous Coward 78831457 Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic. The measures have helped to drive gold prices XAU= to more than seven-year-highs this month, while the dollar has been range-bound. =USD Wang Zhenying, who heads the world's largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency was needed. "Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country," said Wang, who held senior roles at China's central bank, which supervises the SGE. Wang foresaw a decline in the U.S. currency, triggered by the Fed's monetary policies. "When the Fed turns on the liquidity tap, the U.S. dollar will, in theory, be in a long-term depreciatory trend," he said, even though the panic of the current crisis could trigger a temporary scramble for the greenback. His comments on a new global currency echo a previous proposal to reform the international monetary system during the 2008/09 global financial crisis. more on [link to www.nasdaq.com (secure)] does he think the NWO is going to give-up its Power? |
The Searcher User ID: 65118206 United Kingdom 05/03/2020 11:21 AM Report Abusive Post Report Copyright Violation | ________________________+++++++++++++++++++++++++++++++++++ No and No. The $ will loose it's reserve status and we will have a metals backed currency. China, Russia, and India are sitting on massive gold reserves. Many Nations have been switching from the $, it's status was never going to last forever. Fiat to be replaced with gold backed currencies. I do not think any one Nation will have a reserve currency maybe a basket of currencies? Digital and Fiat only works for the crooks and they are presently being taken down. The Earth created humans because it needed plastic |
Anonymous Coward User ID: 78427872 United States 05/03/2020 11:36 AM Report Abusive Post Report Copyright Violation | |
mr jenzie User ID: 78769499 United Kingdom 05/03/2020 11:45 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78203954 Luxembourg 05/03/2020 12:14 PM Report Abusive Post Report Copyright Violation | |
JStav User ID: 72707019 United States 05/03/2020 12:27 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78874384 United Kingdom 05/03/2020 01:04 PM Report Abusive Post Report Copyright Violation | |
Moderatefunnyhello User ID: 78619757 Australia 05/03/2020 01:37 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78735525 United States 05/03/2020 02:07 PM Report Abusive Post Report Copyright Violation | You know what that means, end of the FIAT money, USA won't no longer be the world sheriff and main currency holder, big question is if USA approves and is working on the plan together with the Chinese or the Chinese want to introduce digital - super - currency without USA's knowledge, green light, in that case that means WW3. Quoting: The Searcher ________________________+++++++++++++++++++++++++++++++++++ No and No. The $ will loose it's reserve status and we will have a metals backed currency. China, Russia, and India are sitting on massive gold reserves. Many Nations have been switching from the $, it's status was never going to last forever. Fiat to be replaced with gold backed currencies. I do not think any one Nation will have a reserve currency maybe a basket of currencies? Digital and Fiat only works for the crooks and they are presently being taken down. Isn't that trading one monopoly (FIAT) for another (gold)? 99% of the world's gold supply is owned governments, not the people. And you know once we start over again, it's just a matter of time before each country moves off their "gold standard, into its own inflationary and easily manipulated currency. The reason you can manipulate people, workers, banks, loans, the economy, the WORLD... is because FIAT can be manipulated and you need to grovel before the gatekeepers that issue it. Same exact thing with gold, no difference whatsoever... |
Anonymous Coward User ID: 78834707 United States 05/03/2020 04:05 PM Report Abusive Post Report Copyright Violation | |
We Who Watch. User ID: 77069580 United States 05/03/2020 04:09 PM Report Abusive Post Report Copyright Violation | SHANGHAI, April 28 - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Quoting: Anonymous Coward 78831457 Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic. The measures have helped to drive gold prices XAU= to more than seven-year-highs this month, while the dollar has been range-bound. =USD Wang Zhenying, who heads the world's largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency was needed. "Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country," said Wang, who held senior roles at China's central bank, which supervises the SGE. Wang, you sound like a communist. Last Edited by We Who Watch. on 05/03/2020 04:12 PM I exist. |
Anonymous Coward User ID: 78834707 United States 05/03/2020 04:10 PM Report Abusive Post Report Copyright Violation | "The bold efforts that the present bank has made to control the government, the distress it has wantonly caused, are but premonitions of the fate which awaits the American people should they be deluded into a perpetuation of this institution. If the people only understood the rank injustice of the money and banking system there would be a revolution before morning. You are a den of vipers and thieves." -Andrew Jackson |
Anonymous Coward User ID: 76713697 United States 05/04/2020 10:16 AM Report Abusive Post Report Copyright Violation | Eternal question is how do you protect your wealth from inflation, taxes and the corrupt elites, politicians. Gold is great but is very limited in liquidity and costs a lot to store it. China's middle class is now bigger than entire USA population. Dollar is being printed into oblivion, gold-backed currency will be the new world reserve. |
Anonymous Coward User ID: 77748623 United States 05/04/2020 10:23 AM Report Abusive Post Report Copyright Violation | |
hankie Everything User ID: 77753356 United States 05/04/2020 11:03 AM Report Abusive Post Report Copyright Violation | I will be glad to go back to gold-backed currency in the US because we are supposed to be gold and silver and other metal-backed. Weights and measure are how it supposed to be. I sure the markets will hate to give up their fake wealth. Last time I checked to see who held the most gold, well it was not China. Sorry I got a headache These are the times that tries men's and women's souls! May we come though it victorious! |
Anonymous Coward User ID: 78672768 United Kingdom 05/04/2020 11:06 AM Report Abusive Post Report Copyright Violation | |
Q33 User ID: 78698051 Canada 05/04/2020 12:14 PM Report Abusive Post Report Copyright Violation | SHANGHAI, April 28 - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Quoting: Anonymous Coward 78831457 Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic. The measures have helped to drive gold prices XAU= to more than seven-year-highs this month, while the dollar has been range-bound. =USD Wang Zhenying, who heads the world's largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency was needed. "Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country," said Wang, who held senior roles at China's central bank, which supervises the SGE. Wang foresaw a decline in the U.S. currency, triggered by the Fed's monetary policies. "When the Fed turns on the liquidity tap, the U.S. dollar will, in theory, be in a long-term depreciatory trend," he said, even though the panic of the current crisis could trigger a temporary scramble for the greenback. His comments on a new global currency echo a previous proposal to reform the international monetary system during the 2008/09 global financial crisis. more on [link to www.nasdaq.com (secure)] China is going to end up being nuked by the US if they don't stfu |
apple orchard User ID: 76809044 United States 05/04/2020 01:03 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78792451 United States 05/04/2020 01:19 PM Report Abusive Post Report Copyright Violation | SHANGHAI, April 28 - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Quoting: Anonymous Coward 78831457 Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic. The measures have helped to drive gold prices XAU= to more than seven-year-highs this month, while the dollar has been range-bound. =USD Wang Zhenying, who heads the world's largest physical spot gold exchange, said in an interview the gold gains should be sustained, but ultimately a new kind of currency was needed. "Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country," said Wang, who held senior roles at China's central bank, which supervises the SGE. Wang foresaw a decline in the U.S. currency, triggered by the Fed's monetary policies. "When the Fed turns on the liquidity tap, the U.S. dollar will, in theory, be in a long-term depreciatory trend," he said, even though the panic of the current crisis could trigger a temporary scramble for the greenback. His comments on a new global currency echo a previous proposal to reform the international monetary system during the 2008/09 global financial crisis. more on [link to www.nasdaq.com (secure)] all of this for every country is coming as part of the Millennial Reign of Christ Jesus and the dollar is going bye bye... Each country will have its own gold back currency... no global fed any more. |
Anonymous Coward User ID: 78792451 United States 05/04/2020 01:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68963075 United States 05/04/2020 01:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72609972 United States 05/04/2020 01:42 PM Report Abusive Post Report Copyright Violation | |
Crater User ID: 72278717 United Kingdom 05/04/2020 04:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78804586 United States 05/04/2020 04:22 PM Report Abusive Post Report Copyright Violation | That's because it's dehydration from the bacteria in your body swelling up exponentially due to gamma rays getting through the Earth's atmosphere from the magnetosphere diminishing from Muslims sucking all the Earth's coolant out that was causing a difference in temperature between the core and the mantle. That difference in temperature kicks on the magnetosphere because you have to super cool a magnet to generate a strong magnetic force. So what would a person do about this? Damage control. Find a way to mitigate and cap the leaks of oil from the Earth. Find all monies paid for said Oil and use the money to protect the Earth and feed the people. Incarcerate all those in positions of power who don't cooperate fully providing all the detailed information they can. Full pardons for all those who cooperate with Homeland Security. Personal health would consist of staying lubricated to insulate toxin in the body using coconut oil, and other oils high in omega-3s while maintaining a warm atmosphere, warm baths, jogs, warm clothing to keep the blood flowing as well as possible. Faster blood flow means more antibodies to the infections throughout the entire body. Lots of water. Lots of veggies. Lots of carrot juice, celery juice(for the silica) lots of apple juice lots of berry juice. Absolutely no enriched wheat flour or wheat flour of any kind as it contained flesh eating bacteria... AKA candida. Coronavirus is a yeast hunter. |
Woodsie User ID: 77710361 United States 05/04/2020 04:53 PM Report Abusive Post Report Copyright Violation | THE DONALD has been fighting the banks all his life, cutting deals for loans, declaring bankruptcy, and starting over again. He will borrow and spend the banks to death, and then instigate a new, constitutional currency based on gold. He has always been a goldbug and understands monetary policy, fractional reserve banking, et al. Ron Paul's fans should recognize in THE DONALD a man with the same animosity towards the Fed as Dr No himself. The banks will be brought to heel and the current business shutdown is going to lead to an a new economic nationalism bolstered by sound money. Or we're all doomed. It could go either way, but I'm pulling for THE DONALD. |
Anonymous Coward User ID: 78792451 United States 05/04/2020 05:12 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78792451 United States 05/04/2020 05:14 PM Report Abusive Post Report Copyright Violation | |