Niall Ferguson On China's Gold And The "Tremendous Flux In International Order"

Tyler Durden's picture


"This is a time of tremendous flux in the international order" is how Harvard's Niall Ferguson describes the world in which we live as he opines expertly on the change in China, Europe's pending 'lost decade', and the Middle East's post-Arab Spring disestablishment of the 1970s 'order' with GoldMoney's Alasdair Macleod. From China's need to begin privatizing SOEs and globalizing the RMB (with an interesting focus on the introduction of reliable property rights to 'enable' the middle class) to concerns about its large dollar holdings (and the top-down and bottom-up diversification into gold that continues); Ferguson notes that the ongoing attempt to diversify its wealth and revenues (stock and flow) is relatively limited by the ability to secure hard assets but adds that as the world's 'trade' center of gravity shifts east at a very fast pace so gold will flow from "the West to the rest" as Western power declines and the Asia bloc rises. A fascinating macro-economic and geo-political discussion that concludes with a shift through Russia's energy quagmire, Japan's debt problems, and the faulty design of the European Union.


Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 11/17/2012 - 20:24 | 2992574 fightthepower
fightthepower's picture

Fuck you Rothschilds! Any time you hear International anything. Know thw purpose is to hurt you and consolidate the Rothschild's power.

Sat, 11/17/2012 - 20:25 | 2992580 Perpetual Burn
Perpetual Burn's picture

Oh, okay bro.

Sat, 11/17/2012 - 21:27 | 2992620 fightthepower
fightthepower's picture

Just as they did in Russia, Rothschild agents will purchase state assets in rigged auctions for pennies on a dollar.

Rothschild central banks will control a convertible fiat currency.

Sun, 11/18/2012 - 06:09 | 2993252 Popo
Popo's picture

Holy shit, lay off the ludes Niall.  When did he start talking so slowly?   I couldn't bare the eternal wait for each and every word.   Normally I give Niall a listen -- although he is very much a voice for the status quo -- but this talk is just unbearable.  


I....          don't. ...              have....                  all....               day. ...              Niall....               Talk.  ....               faster.....               next.  ....              time...  


Jesus.  WTF.

Sun, 11/18/2012 - 08:42 | 2993321 clymer
clymer's picture

A couple of facts about Ferguson; He was allowed personal access to Heinz Kissinger to write a carefully crafted biography. About as "carefully" as he chooses his words in this interview. His participation in the institute for international economics, documentaries espousing the benefits of the IMF and world bank, his closenness with the global financial power brokers, and the manner with which he "toes the line" for this power structure is well understood by anyone that has watched more than one interview with him.

How many times did he say "international order" in this interview?

That being said, it is important to watch him and other NWO mouth pieces to get an accurate guage on the globalist mindset in relation to current events.

No one ever said he wasn't smart.

He does however subscribe to the ideology that a small supra-national group should orchestrate nation states, global events- which of course is antithesis to American traditions. At least it used to be prior to the beginning of the last century (after which of course the global banking cartel obtained control of America from within).

Niall represents a system where a small few manage the world in secret, and to their own ends. Controlling money, oil and food behind closed doors to steer humanity in a manner that benefits only them.

We wish to restore the American system, where human progress is unleashed by the creative, entrpreneurial energy of freedom. We believe that we can overcome any obstacle, including the challenges with population and environmental degradation - so long as all people are provided open and honest information and can participate in defining the solution; not have it secretly rammed down our throats by a small, camera-shy group that operates while hidden in shadows.



Sun, 11/18/2012 - 09:30 | 2993352 GetZeeGold
GetZeeGold's picture



Gold is autonomous....get thee some and be so yourself....that is all bitchez.


Sun, 11/18/2012 - 09:50 | 2993366 Fred C Dobbs
Fred C Dobbs's picture

Niall Ferguson to Attend Bilderberg 2012 (?)
Sat, 11/17/2012 - 20:35 | 2992605 A_S
A_S's picture

protectionism is the way to go !!

Sat, 11/17/2012 - 20:26 | 2992582 lordbyroniv
lordbyroniv's picture

Ferguson is an NWO shill....piece of shit...garbage..scum.

Sat, 11/17/2012 - 20:39 | 2992614 bank guy in Brussels
bank guy in Brussels's picture

Niall Ferguson is smart and learned and often interesting

And indeed also a CIA guy supporting the American war machine ...

Tied to the CIA intellectual apparatus, CFR Council on Foreign Relations etc., Ferguson is that most dangerous kind of CIA shill ...

He says a lot of stuff that looks quite critical of the USA-Britain on several levels ... and every now and then, shows his real agenda, how he in fact supports the American empire and its war and torture machine

He is one of their in-house critics trying to help the oligarchs to rule the world more successfully and thoroughly

One of those too-clever sell-out arseholes at Harvard etc. ... Corporate media darling, the pseudo 'critic' who ultimately supports the oligarch gangsters

Sat, 11/17/2012 - 20:49 | 2992630 A_S
A_S's picture

Avez vous des examples specifiques de votre accusations?

Sat, 11/17/2012 - 20:51 | 2992632 Absalon
Absalon's picture

Ferguson is a moron.

Sat, 11/17/2012 - 21:12 | 2992656 Yen Cross
Yen Cross's picture

 Absalon? You pick many "algos", ?  Goat fucker!

Sat, 11/17/2012 - 21:57 | 2992718 Jack Burton
Jack Burton's picture

Yes Bank Guy, I appreciate your take on Ferguson. I began to suspect he is just what you say he his after going deeper into his writings and lectures. Now after looking at his work, I begin to think he is a complete New World Order operative, and sounds like the perfect intellectual agent to work with the CIA in it's efforts to spread corporate control via the US military and the US intelligence agencies.

He has come out very much in support of the US war machine and all wars that serve to subjegate the nations of the Middle East, i.e. where the oil is. I think he loves the CHinese model in which a suplus of labor, even highly skilled labor, can be exploited for maximum profit. He clearly believes the 1% are given to us by God and we should worship them and the christian god who backs their power and wealth with his sanctions.

Sat, 11/17/2012 - 22:00 | 2992724 dick cheneys ghost
dick cheneys ghost's picture

Sounds like Jim Rickards too.........

Sun, 11/18/2012 - 03:16 | 2993189 bushwarcrime
bushwarcrime's picture

exactly, I wonder why the "company" would let a guy like Rickards write what he does and say what he does, it sounds like gold pumping to me

Sat, 11/17/2012 - 22:26 | 2992769 Obadiah
Obadiah's picture

You mean satan who plays a christian god on tevee... right?  not capital G?


I just want to know exactly where you stand here

Sun, 11/18/2012 - 11:18 | 2993484 cifo
cifo's picture

Right. One cannot criticize US and have a Harvard position at the same time.

Sun, 11/18/2012 - 04:20 | 2993219 Amagnonx
Amagnonx's picture

I can only give 1 arrow up unfortunately - not the +100 that the observation deserves.  I could not listen to the entire interview - I wanted to smash his cocksucker face in, and suffered from the frustration of not being able to do so.

Sat, 11/17/2012 - 20:28 | 2992589 magpie
magpie's picture

How's the Kissinger biography going

Sat, 11/17/2012 - 20:29 | 2992593 mc_LDN
mc_LDN's picture

Ferguson - sponosored by the elites for the elites bringing you history that provides the elites their mandate.

Control the past - control the current. Control the current - control the future.

Sat, 11/17/2012 - 20:44 | 2992621 Squid Vicious
Squid Vicious's picture

- r.a.t.m.

Sat, 11/17/2012 - 20:47 | 2992628 magpie
magpie's picture

George Orwell, 1984

(and of course, Battle of Los Angeles)

Sun, 11/18/2012 - 08:56 | 2993328 old naughty
old naughty's picture

"Control the past - control the current. Control the current - control the future."

They're wrong.

There's no past, no future.

All matrix illusions.

Sat, 11/17/2012 - 20:46 | 2992627 Yen Cross
Yen Cross's picture

    mc_ PBoC?

Sat, 11/17/2012 - 22:41 | 2992803 mc_LDN
mc_LDN's picture

I'll be honest - no longer LDN based. Blame it on banking. Back in NZ where all you have to deal with are hobbits.

Sat, 11/17/2012 - 22:01 | 2992723 Jack Burton
Jack Burton's picture

mc_LDN, Very good! +100. I love this; "bringing you history that provides the elites their mandate." Perfectly said, this is indeed what he is all about!

Sun, 11/18/2012 - 18:13 | 2994453 Pegasus Muse
Pegasus Muse's picture

Pricey Propaganda:

The World's Banker A History of the House of Rothschild
Niall Ferguson
London, Weidenfeld & Nicolson, 1999; Price: £30.00 

Sat, 11/17/2012 - 20:30 | 2992595 A_S
A_S's picture

too much conspiracy nuts on zh, not good for our image

please go back to alex jones' website

Sat, 11/17/2012 - 21:03 | 2992649 Yen Cross
Yen Cross's picture

 Too much "spicey sauce". A_S looking for Sunday "yuan fix", After PBoC shitty housing numbers?

Sat, 11/17/2012 - 21:12 | 2992655 A_S
A_S's picture

unfortunatly conspiracy theorists are MAD

Sat, 11/17/2012 - 21:15 | 2992660 Yen Cross
Yen Cross's picture

 You suk/em (housing numbers) PBoC release on Frog Day. You Check soon? No paycheck?

Sat, 11/17/2012 - 21:19 | 2992665 A_S
A_S's picture

Don't care about the numbers, i don't trade. I'm a pimp, always good business, people stay horny.


greetings from belgium

Sat, 11/17/2012 - 21:41 | 2992700 Yen Cross
Yen Cross's picture

  Sick puppy. You get eaten soon.

Sun, 11/18/2012 - 05:40 | 2993242 toothpicker
toothpicker's picture

Two trolls talking to each other. How nice

Sun, 11/18/2012 - 09:19 | 2993344 ThirdWorldDude
ThirdWorldDude's picture

LMAO!  Sunday humor...

Sun, 11/18/2012 - 10:16 | 2993396 clymer
clymer's picture

A.S., you have been on mommy's computer for a while now. Time for bed. Off you go.

Let the adults chat, eh?

Sun, 11/18/2012 - 11:23 | 2993496 A_S
A_S's picture

Alex jones fans usually have a very adult way of thinking and have the great capabilty every adult should have of seeing the difference between perception and reality

Sun, 11/18/2012 - 09:53 | 2993371 Fred C Dobbs
Sun, 11/18/2012 - 13:48 | 2993746 Floodmaster
Floodmaster's picture

Alex Jones / Libertarians are decoys, plutocrats can't ask for more.

Sat, 11/17/2012 - 21:43 | 2992624 Yen Cross
Yen Cross's picture

 That guy will playing in the ashes... Looking for an electrical outlet to commit " Ritual Suicide"...

   Grandmas Boy, part deux...


Sat, 11/17/2012 - 21:23 | 2992668 q99x2
q99x2's picture

Ferguson is sincerely worried about his future and is latching onto the elite but he senses what is coming down. So his analysis is not out of order but very biased towards what Harvard preaches. He talks about a 1 party government when the US has a 1 party government that controls a two party system. He also talks about the rule of law and does not mention that the rule of law has been eliminated in the West. It is difficult to take him seriously. Actually he is much better at historic facts, things that have already taken place, rather than to speculate towards what is coming about. I do not think he likes China's advance without its finances being subject to the West's banking system.

The host was much easier to believe.

Sat, 11/17/2012 - 21:49 | 2992694 magpie
magpie's picture

I was looking forward to a simple yes or no on the gold standard given interviewer and audience but which was not forthcoming; then i wonder what he spoke about in his speech to the Austrians. There were times he was touting a debt jubilee, but nowdays he (and his handlers obviously) are more worried about bullion outflows and the ability or lack of ability of Asian countries to foster cooperation in international institutions like the SCO. As for China's internal development, he says himself that it wouldn't make that much difference whatever they do since any stagnation or crash is almost two decades away. 


Sun, 11/18/2012 - 10:14 | 2993391 clymer
clymer's picture

When he mentions china, he basically says, "Well, there are only a handful of people that steer China. We want only a handful of people to steer China as well,  but we want them to be our people.."

Sun, 11/18/2012 - 12:29 | 2993569 magpie
magpie's picture

Pity then we won't ever have the opportunity to see the Bo Xilai/Heywood tandem in action...

Sat, 11/17/2012 - 21:21 | 2992669 lordbyroniv
lordbyroniv's picture

Depressing interview.


So America is fucked.


Man ....wait until the kids find out.

Sat, 11/17/2012 - 21:22 | 2992671 kaiserhoff
kaiserhoff's picture

Ferguson has a reputation for having a mind.  I've read a lot of his stuff, and I still don't see it.

Sat, 11/17/2012 - 21:33 | 2992690 CunnyFunt
CunnyFunt's picture

It's obvious he hasn't been back to Glasgow for a while.

Sat, 11/17/2012 - 22:02 | 2992732 Jack Burton
Jack Burton's picture

Back in Glasgow he wouldn't last long on the streets! It can be a tough place.

Do NOT follow this link or you will be banned from the site!