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China Radio: "The U.S. And Europe Have Always Suppressed The Rising Price Of Gold"
Sometimes, such as after pervasive liquidations in precious metals (or is that AAPL? Has it become clear yet that with widespread "quality" collateral shortages, gold and AAPL stock have become unexpected and almost interchangeable collateral replacements) it is easy to lose sight of the forest for the trees. A forest, in which the New York Fed is procuring (through the open market) the rehypothecated gold that the Bundesbank demanded for repatriation in January; in which JPMorgan's gold holdings have plunged by 75% since said stunning Bundesbank announcement and hit new record lows on a weekly basis paradoxically just as the price of spot gold keeps sliding ever lower; and in which China is importing unprecedented amounts of gold and adding more and more each month. So let's do a quick refresh on the forest, shall we.
Here is what we discovered in September 2011, as part of Bradley Manning's trove of declassified US cables. From Wikileaks:
3. CHINA'S GOLD RESERVES
"China increases its gold reserves in order to kill two birds with one stone"
"The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28): "According to China's National Foreign Exchanges Administration China's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the U.S. and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB."
And now for some empirical trees.
While we don't know how much of the several hundred tons that Jens Weidmann has demanded for delivery from Liberty 33 has already been purchased and/or delivered, we know one thing: since publishing the Wikileaks disclosure China has imported nearly 2,000 tons, and just under 1,500 tons since January 2012...
... and that Chinese gold imports in 2013 continue to surpass those from 2012 "despite" the violent slide in the gold price - almost as if unlike E*trade momentum chasing babies, China buys more the lower the price drops.
In other words, China - pragmatic as always - decided to call the "rising gold price suppression" bluff of the US and Europe and do the only logical thing that takes advantage of an artificially suppressed gold price: buy hand over fist.
As for everyone else selling their (mostly paper) gold over fears that this time, unlike the previous two, Bernanke will actually stop monetizing debt and in the process eliminate all concerns of monetary collapse, China is happy to wave it in (and why not: it is only a matter of time before the taper makes way for the untaper).
Finally, we concluded our previous post looking at recent gold technicals with the following rhetorical question:
Someone more inquisitive than us may wonder: just where is all this gold being "withdrawn" to...
Rhetorical, because we have a very good idea where this gold is going.
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oh boy...here it comes.
"oh no he DIDn't!!"
Be your own Central Bank.......
Well, you know the rest.
The Chinese government doesn't like free people having their own Central Bank. See you in camp!
But I thought you couldn't eat gold.... /sarc
"suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold."
just kidding!
they are just kidding!
the chineses are big joking around with everybody!
dammit! I told you people not to say stuff like that in public!
Am I more afraid of the NSA or the PRoC? Oh, same fucking thing.
And the Stasi, and the Khmer Rouge, and......etc.
I have always assumed this was going to happen. But now that it's actually happening, it's kinda freaky, not gonna lie...
I think China just said "Check." Now it's the US's move.
The Chinese are just Jealous of Our Freedom, that's all. Barry needs to work harder to continue Bush's mission to "win hearts and minds" across the planet.
If your currency, that is currently being printed into oblivion because you're broke as hell, is only backed by FAITH and nothing else, then you must try to maintain that faith by any means necessary. Thus, if that means selling every bit of your gold to manipulate the price in order to hide the facts above, then that's what you do. It's not rocket science. The U.S. has (or had, past tense) a huge amount of gold to play this game for a very long time.
The green back is backed by more than Faith.
There's "Full" and "Credit", as well.
Hah!
Shot that objection down!
Next!
except 6.8K ounces is not 127 tonnes.
This looks additions from mining supply. Gold suppression scheme not in full collapse just yet, unfortunately.
Poland has just joined the queue for repatriation.
I remember punching some numbers on my calculator about a decade ago. When I was done I reached a conclustion.
"Damn.....I need to get some gold!"
17 month sample in that raw numbers chart.
Total: 1459.40t
Avg Monthly: 85.84t
IMF says China's official holdings are 1kt as of December 12.
Chinese people/banks/etc are buying gold, but the CB has yet to step up the buying. Gold over FX is 2%, compared to the US' 76%.
The Chinese central bank doesn't report their holdings to the IMF on a regular basis. IIRC, that number is as of 2009. They likely have at least triple the amount reported by the IMF, though some say it is more like 8 times as much.
I tried the same thing on my calculator, but got some kind of "overflow" error...
Yeap, no Polish joke here.
http://www.rawstory.com/rs/2013/07/06/lawmakers-impasse-keeping-poland-out-of-eurozone/
"The green back is backed by more than Faith.
There's "Full" and "Credit", as well."
Then again, theres also that US military budget greater than that of the next 17 or 16 or 26 nations combined. (It seems to keep changing depending on the source and the year. In any case its a helluva lot greater than any other nation on the planet.)
Of course, you gotta ask who is financing that military budget and for how long can they keep it up. Thus increasing wars overseas and use of the military and para-military police against US citizens at home.
But , 'they hate us for our freedom'
Another Conspiracy Theory becomes Fact The gold flows from west to east Bigtimearama Not many them conspiracy theories left anymore, no? Now, did y'all see the articles about NASAs missile launches from Wallop Island on July 4th that discharged Lithium into the atmosphere? No? Gosh.....
You're a full of shit conspiracy whakko Knucks. Right on NASA's own website it clearly states, and I quote:
" The second rocket is a two-stage Terrier-Improved Orion. It will shoot out a long trail of lithium gas to track how the upper atmospheric wind varies with altitude."
Wait, WHAT????? (sorry)
You mean this suff? Nothing to worry about here, you guys are such worry warts.../s
http://www.drugs.com/lithium.html
DaddyO
I'm still wondering just what the hell it was that launched off the coast of So Cal a few years back...
They told me it was a jet, or something that the sun just made look funny. Nothing to worry about! Cheers!
+ 1 - But I think it's more a game of Go than chess.
Maybe the eurotrash are playing medieval chess and the Chinese are playing multi dimensional Go.
The AngloAmerican crazies have been giving it to the Chinese backside for a couple of centuries, at least.
Maybe the Chinese are sick of it . . . . or maybe they are fully minions in the NWO.
Who knows ?
(Of course I'm referring to the 'elites'. Most of us commoners just want to live a good , decent life & care for our families. And be left the hell alone.)
It seems to me, if all the "paper gold" vs. "physical gold" claims are true, then the "Check" move would be forcing delivery from COMEX on (pick a number) $30 billion in gold.
until then, they're just capturing lesser valued pieces.
We don't have any move. Zugswang.
They literally all play be the same propaganda play book. Family this, children that, freedom, security, homeland, FUCK YOU FUCKS!!!!!!!!!!!!
Well there wont be much gold available for sale - Fed forgot that miners actually have to mine the stuff and many do it for MORE than current spot... Oops!
http://seekingalpha.com/article/1346991-the-true-all-in-cost-to-mine-gol...
And I wonder who will buy a controlling interest in said companies before the shit hits the fan. Hint -- he's a squid.
Gotta beat The Morgue there first. They're the ones who made loans to all those companies now selling for less than their cost. I wonder what the terms on those loans were.
Standard event of default
Own the company
LOL
So there is more than one way to nationalize an asset..
Who, me? I pulled the pins on the hand grenades. It's just a cartoon gag untill they explode.
Hint: he speaks Mandarin.
Stock to flow. How long this lasts is a function of how much gold is still coming out of Western vaults, not how much is coming out of Western mines.
How do you see the suppression of mining as an oversight / lapse in judgment, when the article discusses the dual purpose (three really) of gold purchases... reserve for currency, shift reserve currency status to RMB, deplete foreign currency holdings. The FED is destroying the miners so that there is less gold for China to buy.
But in fact, I see the whole world as being part of the oligarchic circle jerk, so China is not an outsider, it is being prepared, and assisted in those preparations... it's just that the Chinese will have to go buy a few mines cheap to get the metals out... The mining collapse is more damaging to the retail customers, not to the wholesale customers. Whole sale... all going to China.
Now do you see why Jim Rogers was so certain about Asia? Did he have inside information, or just really astute observational skills?
Ignoring the inability of most countries in the world to sustain themselves in trade balance for a moment, the world economy doesn't need a reserve currency any more, even without gold. In this electronic world where currency exchange is as simple as pressing a button, having a basket of foreign currencies as reserves works fine. The reserve currency is an archaic concept only kept alive by US military might. A Yuan as a reserve currency would have the same result as the dollar ... they'd be forced to massively print to get the ball rolling and they'd never stop printing after that, just like the US.
It's a good thing we don't need one; because we don't have one. The "dollar", (which no longer exists), is not a reserve currency; which despite the high level of ignorance existing, actually has a definition. When all the currencies are paper fiat with no backing; there is no reserve currency. The dollar was a reserve currency because it was exchanged for Gold on a fixed basis; immediately this stopped; it was no longer a reserve currency.
Dollars are massively held in reserve in foreign reserves and are used to pay for oil, it's the reserve currency ...
The Chinese know the Great Reset is coming, and are preparing for it. No other country that I know of has not only purchased massive amounts of physical gold and silver, but also encouraged it's own population to do the same and stack phyzz.
The Chinese will be in the best shape financially once the Great Reset has burned itself out. They have long experience with pain, and have survived as a nation even when losing tens of millions of it's citizens because of famine, war, or disaster. The Great Reset will hit China hard, but it will not destroy it, and having a gold based Yuan will be it's solution to recovery.
That completely depends on how whoever has the stuff they need (ie. food, oil, fertilizer) will value gold after the reset. They might very well be better off investing all that gold into making their internal industries more sustainable and less polluting and decreasing their needs on imports all together. In the end gold is only currency, the true wealth of a nation is it's productive capabilities and resources.
Of course internal investment and trade/current account balances means wage inflation ... and if there is one thing the billionaires in the Diet don't want it's wage inflation.
Well lets put it this way; if after the Great Reset gold and silver is worthless, or not desireable as money for transactions by some, or even most of the remaining nations on this Earth, then the recovery is going to take much longer and be that much more painful...unless the Vulcans show up and introduce us to the Federation.
You don;t understand. Gold is not "only currency"; eg. that which is current. it is also money; that which has enduring value. Money has a two part definition; part two is a store of value. If the Chinese manage to be this brave and revolutionary and this far outside the box; which they might, as their mental maps are quite alien to us, they will immediately put everyone on a Gold Reserve currency standard. The countries that need to sell their oil and fertilizer and food will be in a weak position compared to the country that is willing to ship payments of gold bullion; for an example look at the funtioning of the British Empire, which shipped silver to pay producing countries; the golden rule is that he who has the gold makes the rules. None of the countries who so fortunate as to receive real money from the British, got a "good deal". The upper hand was held by the people with the real money.
Compared to real wealth (natural resources, productive capital, human capital) the endearing value of gold is infintisimal ... it's valuable at the personal level as a convenient store of wealth, it's irrelevant at the national level.
Any significant trade deficit will whipe out gold reserves in a flash (which is why the US had to get off the gold standard). The capability of sustaining a trade balance is much more valuable than gold.
Well, no one but the highest level insiders know who is in the NWO game and who isn't. Is China an insider ? They sure have been groomed for the role since they were opened up to the west decades ago and industry was off shored to there.
Is Russia an insider ? Or they really in opposition to the NWO ?
Anyone who has researched the financiing of Nazi Germany, the USSR, and Maoist China by western banksters has to have suspicions about any of it and all of it.
'Interesting times' for sure.
China is not an insider; this is perfectly clear.
Bank of China holds stock in the FED Bank System; they are one of "the boys" and have been since 1971.
Well there wont be much gold available for sale
Silver will be even "worse". While the majority of the gold mined over the last 5000 years is still "available at a price" (theoretically), we've consumed 90% of the worlds' silver stockpile:
"
…In 1959, there were about 9 billion oz. of silver bullion-equivalent in the world (half of that in the U.S.). With a world population of 3 billion, there was a per-capita amount of 3 ounces for each of the world’s citizens. Today, 50 years later, there is a per capita amount of silver of 0.15 of an ounce remaining (1 billion ounces divided by 6.8 billion). That is not a misprint. The per-capita amount of silver bullion in the world has declined by 95% over the past 50 years. [emphasis mine]
Doing a little more math here, the plunge from 9 billion ounces to 1 billion ounces (as of 2009) works out to nearly a 90% decline in global stockpiles of silver"
Silver Versus Gold; Stocks Versus Flows
Add to that the same mining "math" Spider pointed out in gold and .....
written by BrotherJohnF, July 07, 2013
"what is the point to all this suppression?? To damage and frustrate a mere 2% of investors (like us)??"No, the point is to keep the other 98% from finding out what we already know, which means immediate GAME OVER for the banksters, especially in silver. 10 million people buy 100 ounces of phyzz for 2 grand each per year. That's one billion ounces per year. That's GAME OVER. BTW, 10 million people is .15 percent of the world's population :-)
Where there's a problem, there's a crooked politico ready to write a law to solve it.
Sad statement, but true.
Of course; it's a fight for credibility for their increasingly worthless "dollars"; they aren't really dollars, so I refuse to call them that. If I have to refer to them in my daily life, at the store, or what have you, I just say, "oh, you want some paper, eh?"
Hmmmm... we all know what they're saying is abundantly true...
but the question is... why are they saying this out loud...
when they would naturally want to buy as much gold as possible at these lower manipulated prices, regardless of how they got that way.
Hmmmm... mighty strange...
"Hmmmm... we all know what they're saying is abundantly true...
but the question is... why are they saying this out loud..."
Because they know the door is about to shut, the vaults are empty, and it's getting near time to pull the ripcord:
Largest Dutch bank defaults on physical gold deliveries to customers
Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London
gold repatriation Archives | SilverDoctors.com
That second link has the stupidest fucking conspiracy theory ever ... what do people in the financial industry care about non disclosure agreements? They moment anyone in the market got a 25% over spot in cash settlement to a future they'd ring everybody they know to loan more money for futures right then and there, NDA or not. Everyone would be long if that were true.
Domestic banks levered long in paper?
Because it's a fact; we can't change out policy; we're locked into it; anymore than a leopard can change his spots.
LTER
"The Chinese government doesn't like free people having their own Central Bank. See you in camp!"
You got the country/gov wrong - I think you meant to say "The US government doesn't like free people having their own Central Bank. See you in camp!"
And if you're in FEMA region 9, yep, I'll see you in camp.
Is there a ZH hand sign/handshake??
'Cus once they discover you're not really a sheeple, there's another camp you'll be going to.
-1
Faulty logic...
If you get sent to a camp, any camp, you are sheeple... too.
But let's not let it come to that, shall we?
-1
In USSA, FEMA Region (camp) comes to you..
.
Fixed it for you.
Just tryin' to help.
Oh, really??
Have you ever been to China? I have, many times. They are more free and industrious than Americans at this point in time. Very little of the BS regulation of regulations that are used to imprison the Yanks under the Jackboot of Kleptocracy/Ponzi Service.
Do you know any Chinese?? I doubt it but on the off chance you do, ask them if they are being encouraged by the Central Planners to purchase as much Gold as they can/want.
I do not know of any FEMA camps in China, that is mostly in their past under Mao, not like todays USA where they buy massive amounts of munitions for the returning troops to use against their own citizens.
Go to China, Sir Ignoramus, and learn a little bit about the place then return to your kennel.
regards.
Sheeple have kennels? I thought we lived in pens?
Or just a Google Earth trip:
(?? - Jin Mao Gold: Don't Look Down!)
Just because you don't know about China's massive prison camp system does not mean it does not exist.
That is what the fucking moron leftists said the whole time, but, sorry, thanks to some very very brave people, we have hard documentary evidence.
My god you are so stupid I can't even begin to address every fallacy you've just committed in broad daylight, we'd be here for years.
In conclusion, fuck you very much, you lying sack of shit.
Go get 'em tiger!
The West seeling Au for $1200 to the East is going to look just as foolish as Brown selling out for $250...
Yes, + 1 big one. It amazes me that so few here in the West see the value of gold.
Not everyone in the west is selling..
You can't be your own central bank. You don't have drones!
One major difference between the Chinese mindset and that of the west is that the Chinese think in terms of generations and the west thinks in terms of what's on sale next Friday.
The Chinese are playing the game for the long term.
The old Chinese long game is a platitude wrapped in a cliche and clouds any rational appraisal of China. Take for instance the old chestnutt about Zhou Enlai being asked about the consequences of the French and his reply, "it is too early to tell." I heard a big money manager repeat this in a French accent. The real question that was asked of him was about the 1968 student protests in France. Meh...
http://www.ft.com/intl/cms/s/0/74916db6-938d-11e0-922e-00144feab49a.html...
China is kicking ass because it is a rapidly industrializing giant, like the US before and Britain before it.
By now most of the Chinese elite have been to Harvard or Stanford and are honestly just trying to figure out what the fuck we are doing, because it makes no sense.
The genius of you Americans is that you never make clear-cut stupid moves, only complicated stupid moves which make the rest of us wonder at the possibility that we might be missing something.
~Gamal Abdel Nasser
Nasser wouldn't have authored that quote had he been around to witness the recent Iraq war.
Bollocks!
Tinky
So spot on! Americans that fell for that call for war, make sheep(the four legged ones) look very over intelligent.
Allow me to elaborate for additional insight:
Whereas the multi-generational strategic vision is true in the West also, it is only common among the very rich, the 0.1% or less.
Also, the one or two generation mentality is pretty much an Anglo/American phenomenon. In the case of Americans, it has its cultural roots in the Frontier mentality -- which was perfectly suitable to those times and local conditions (vast distances between families, that forced total self-reliance).
I'm trying to teach my kids to think multi-generational, to ratchet up with each generation. Easier said than done in the US culture and the toxic effects of the MSM.
Multi-generational requires people to live in one area and create a "family brand". Family as an organizational structure is dying. Just individuals running from here to there.
Wise words.
partition to rule. individualism as culture has disadvantages. no more common sense is one
Of course. Family units - as any other form of nonfascist social organization, hierarchical or not - is an inherent threat to the fascist hegemony on authority, and hence shall be eliminated during the endgame.
Rothscilds
Medici
Gambino
id list a few from the crafts / trades too but I honestly don't know the names of the multi-generational guild like families.
Kirk - Encourage them to go into forestry. This is one of the few industries where you have 45-year planning cycles for forest management. There are very few other industries where there are planning cycles longer than a quarter or a year. :)
Well at least you're trying to think rationally.
The fact is, the rural peasantry in every country always think multigenerationally. Why? Because their lives are awful and they have next to nothing. There is no consumerism, no credit, no speculating, everything happens slower.
Your conjecture about pioneer families is pure nonsense, and that is a matter of historical fact. They were extremely multigenerational, if they hadn't been, they would not have lasted long.
You can't teach people to be multigenerational. It doesn't work that way. You're either raised in such a family and culture, or you're not. If you love in a society where you know that you can go get welfare, you move anywhere you want, you can never talk to or visit your family, you can buy everything you need at the store, and still be perfectly materially comfortable, multigenerational thinking has no chance whatsoever, nada, zip, none.
Like everything else, it developed out of necessity. Every living generation of a family working together was about survival, plain and simple. Take away that motivating necessity and it simply will not continue to exist.
If you sincerely wish that your family devlope a multigenerational culture, pack them up and move to a farmstead in a small rural community no one's ever heard of. Only in such a setting can you hope to have the proper conditions. But the fact is, as every small-town parent of grown children knows, some of those children will want to get away to the big city. And because our culture permits families to break apart on a whim, that is precisely what happens. Individualism will always destroy traditional cultures, the temptation to break away from them is always there, but in any society where individualism has become established, the conditions which permit people to actually break with tradition are already in place, and it simply goes downhill from there. It's all a natural, predictable, inevitable cycle.
(But as the world reacquaints itself with limits and scarcity, traditionalism will be making a triumphant comeback. That's all it comes down to: what works vs. what sounds good)
You are correct, except in America, it isn't rural peasantry - it's urban sloth.
"De chillun' be on welfare. I be on welfare. Momma be on welfare (don't know who daddy wuz). Gramma on welfare." And she's only 45. And on and on... 'cause generations back somewhere in that woodpile, there was a slave.
Farmsteading is great except for the fact that in the last 8 years I haven't had a season where I could grow enough to pay the fucking property taxes (NJ).
Deo, "One major difference between the Chinese mindset and that of the west is..." the Chinese view gold as a store of wealth while the west views it as their enemy.
Never One Roach, we agree on that one.
Gold (sound money) is the enemy of a debauched, credit based system
I am thinking in terms of what's best for my future and coincidentally that is the thing that is still going to be on sale next Friday - gold.
Yeah, yeah, that's what they said about Japan 30 years ago and look where it has gotten them.
Economies that think with their politicians and central bankers rather than their people are doomed to failure, even if they do do the right thing every once and a while.
Yes, buying all the gold will be a coup, BUT if they don't set a gold standard soon, they will collapse right along with the West, though their collapse may be shallower and shorter lived, thanks to their industrial base and gold reserves.
I'm not worried about China either, tmos. They have so many problems that "all" we have to do is just not be too stupid, and China will fail on its own.
Massive ignorance. Go meet some Chinese and you'll see the only one's who aren't as bad or worse than westerners in terms of brain dead consumerist materialism are the ones with loads of money.
Unfuckingbelievable how the asinine Chinaphile brigade shows up out of nowhere as if on call at all times.
The Chinese are pussies. When Snowden rolled up there...let's just say they lacked the balls to help a fugitive from "U.S Justice."
NWO. Fuck the Chinese fucking radio and Fuck you Bernanke. Centrally planned oppression.
What is the price for 100K OF PHYSICAL? No Blythe talk. No GATA.
Blythe doesn't talk when she's buying 100K of physical. She learned good manners. Don't talk when your mouth is full.
HA! HA! Soon to be priceless I suspect
Gold? Why would anyone want gold when you can buy T bills?
Uncle Obama loves you.
@pachanguero, +1 for your avitar, although I had to zoom in 200% with the final image blurry, where'd you get that picture of my wife?:(
sgorem, There absolutely is no fatter pitch than what you just gave pachanguero. Will he swing???
What to do with all these u.s. treasury notes? Gold? shhhhh don't tell the sheeple.
Everything in 2013 should have led to higher gold. So how strong are they to be able to suppress it ???...as they have done so far !!
China and the IMF will create SDRs backed by gold. Good for gold holders (I am one), bad for humanity because these guys want us all to work in factories with free trampolines.
Trust the rulers. They know what is best foe you.
Important note. The "opium wars" fought between China and Britain: the balance of trade between Britain and China was so UNbalanced that there was literally a shortage of silver specie in the UK. So the British started a war with them to get their fuckin' silver back. Nice, eh?
By the way, that was a classic Rothschild manoeuvre. (Nothing if not predictable, those guys!)
Make no mistake about it, the Anglo-American Empire will NOT allow China to "get all the gold."
They will start a war.
LMFAO, a war with China, we couldn't even get Gaddafi's gold in Libya after 3 months of bombing and having the Country locked down!!
You think we can fuck with China and its gold vaults!!
First of all "we" didn't do anything. A bunch of murderous liars did that. Remember Gaddafi's last words? "What did I ever do do you?!"
Anyways they got his gold alright. A Rothschild bank was established in Libya before the fucking shooting stopped.
And yes, I think warring against China is not only possible, I think it's currently "on the table."
I don't know who you now, but the people I've "chatted" with where on the ground, and it was utter fucking chaos over there!!! I'm sure some "western interest" if that is who you think "they" are, did get their hands on some of his assets!! But Gaddafi was worth hundreds of billions in gold, diamonds, and other hard assets and only a tiny fraction of that was in "Rothschild banks" and most of that was in England prior to the attack!! The reason the Europeans and now the Americans have been attacking the Middle East for a thousand plus years, is because these people refuse to play the game and be colonized properly!! The minute the head was cut off the snake, that gold went a million different directions and will be popping up for the next decade!! It's another beauty of no counter party wealth that's real, it's a real bitch to steal and seize in large quantities!!!
Someone has the Mermaid of Tripoli.
Someone has the jewel-studded Gold Eagles and Gold Lions
TPTB were able to confiscate any assets "safely" held in banks.
The Zionists were able to trace some of the Gold to S.Africa.
You ainT got no Gold Guns.
The Zionist Press will never reveal how they divied up all these assets.
The Wife made off with truckloads of Gold towards Algeria.
10 Land Cruisers hauled Gold to Chad.
Gold will buy you asylum in Oman. Has Snowden applied to Oman?
Some of that wealth can be YOURS if you answer this Email.
And as far as a war with China, if your premise is, that war would be for resources, America wouldn't have a snowballs chance in hell of succeeding under those circumstances!!!
That "war" would have needed to be fought three decades ago and even then, would have been nearly impossible to win!!! Now if by war, you mean Soviet style Cold War, well maybe that is on the table, albeit stupid as fuck, but still may be being talked abut!!
Not necesarily resource wars w/ China. More like FRN wars. Something to keep the ponzi alive and the looting on going for a bit longer.
The war part /wholesale slaughter will be just a rounding error, an historic footnote to the bankster mafia.
1. Superpowers do not fight direct wars; they fight proxy wars.
2. Proxy wars are wars of attrition and resource drainage; precisely the sort of war the US accels in.
A direct war between any nuclear state can too easily lead to a widespread exchange. Particularly considering the bloc ties between nuclear states.
So... Carnage in Africa then?
In other words, we might get the chance to see how 'barbaric' that relic really is.
Partial physical gold backed global reserve currency coming soon?
http://www.bloomberg.com/news/2013-07-04/toronto-reviews-bid-to-become-yuan-currency-trading-hub.html
I live in Thailand and let me tell you that these people LOVE gold.
And yes the food is great and the women are hot !!!!
As a long time resident I can confirm that
I also live most of the year in Thailand. In Surin or Thatpanom. Great little places. Yes the women folk are hot, they are Chinese Indians, but they are also the biggest lying thieves in Asia. 100& guaranteed.
Every gold shop you go past is losing displays as sales have increased. There must be a shortage of physical out of bangkok.
regards
Well, Surprise, Surprise, Surprise !!! (read that in your mental Gomer Pyle voice)
Supplies, Supplies, Supplies!
Gomer Chen's mission?
Aha! Somebody in China has been reading ZeroHedge!
I'm starting to lose count of the number of shots fired in the international currency wars.
Got a man crush on you Manning. And Snowden. What a fucking world where a couple of "kids" need to expose the truth at peril of their lives.
so there's a pattern with countries stacking up on gold of late...normally it's what they do before some great calamity unfolds. (Venezuela comes to mind.) the amount China is talking about relative to the size of its economy is pretty small but certainly not insignificant. it would be more interesting to see if the US and China could engineer some type of joint venture to do some meteor mining and get more than enough gold for the entire planet and be done with it. i won't hold my breath of course.
Tick tock.
http://www.cato.org/publications/commentary/weak-dollar-us-petroleum-res... which makes you wonder with all that "lending" going on (not) what does "backwardation" mean? http://en.wikipedia.org/wiki/Normal_backwardation hmmm. and what are the implications of "permanent backwarding of gold" you ask? http://www.thedailybell.com/29047/Anthony-Wile-Antal-Fekete-Gold-Backwar... barter "going global." now let's take a look at oil: http://www.bloomberg.com/news/2013-03-26/wti-oil-trades-near-five-week-h... hmmm. if oil goes into backwardation (meaning cash only settlements) then you'll really see just how few dollars there are out there. since the Fed is the greatest dollar hoarder in history "and now wants to start blowing up State and local governments too" (just take a look at the Obama employment numbers vis a vis Government if you have any questions) you're going to have a hard time maintaining even the idea of world trade here since "there will be no dollars with which to exchange the goods with." in other words "just how many goods do we really need again?" and the answer of course is "very few." and who are the largest goods producers in the world? and how is that "end of the dollar" going again?
Hats off to Tylers for seeing the connection between iShit and Gold. China evidently controls both. I don't know whether to celebrate (as a gold holder) or pull a Walken. Giddy Mao (the North was China backed).
Thanks for continuing to post in spite of massive opposition!
My keyboard lights up when I get downvoted.
Stepping back or forward:
http://bit.ly/QC9tG3
Disclosure: I do not currently work for the NSA and to the best of my knowledge never done so in the past.
does anyone know where I can get a 24" X 24" box full of neatly stacked, medium to high denomination Chinese yuan/yuans?/yuani?
Not sure where you can get that box, but am quite sure it will fit nicely through the teller window at HSBC.
Sorry, not willing to disclose where I get my Yuan or my yoni. Too damn personal. :-)
China.... or
http://www.travelex.com/
Bank of China retail branches.
Not worth a lot. The largest denomination I have seen travelling most of the coutry is the 100yuan note. About $16 Aussie. The Dear leaders are shit scared of larger bills because of the amount of counterfeiting, usually in the 50 and 20 rmb but also 100's.
regards
Not so sure I would do that.
I think a new gold backed something will be introduced,but
the smart move would be to create something completely new.
Lots of advantages from the BRICST(+Turkey) POV.
As to the exchange rate on conversion,why take the risk ?
Better to have the gold ,not its proxy.
Now that would be interesting, a BRIC note. That certainly would win the novelty prize. I'll bet you a BRIC buddy!
Just think of the slogans:
BRICs Rock solid currency for the 21st century
"Currently, the majority of its gold reserves have been located in the U.S. and European countries."
China is keeping most of its reserves under 33 Liberty or the City of los Ladrones? Am I missing something here?
there are...no...dollars. "as all commodities get settled in cash then debt becomes both very dear and very rarefied." good luck with pricing! just the mere HINT of ending QE causes debt markets to start collapsing. long natural gas, solar and cloud "and doing nothing." the value of cash flow is being "discounted" to infinity (meaning soaring in value.) the only problem right now is that the Fed creates a recession (growth is slowing so "scaring the horses the old fashioned way" can do just that)...but don't kid yourself...this is an Almighty Dollar...and has been for some time.
The quality of your posts are going downhill fast. Put the crack pipe down.
Dear Chinese readers:
State control is a dead end. Despite the sad decline of the US due to corruption and rule by the few, the principles of decentralized authority and markets, as well as individual liberty, hold true after hundreds of years.
Please, do yourselves, your ancestors and your descendents a favor and resist the Communist Party and the enslavement of your society.
We will do the same here vs. our oppressors, the insane global elites and their political lapdogs.
God bless you, and may you and China one day be free and saved.
Dear China, whadda ya want with thousands of tons of that useless, barbaric relic ???
Idiotic minds want to know !!!
whadday want to do with thousands of "widget factories" would be a better question. are they of any value whatsovever sitting in China?
House all the homeless widget factory's factory widget workers?