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Guest Post: This October The World Will Change - "China Is Preparing For Something Big"
Submitted by Mac Slavo via SHTFPlan.com,
“China… across the board… is preparing for something big in currency markets.”
(Video Via Future Money Trends)
This October may see the beginning of the end for the U.S. dollar as the world’s reserve currency. Twice every decade the International Monetary Fund meets to discuss their Special Drawing Rights (SDR) currency basket. Currently comprised of the dollar, Japanese Yen, British Pound and Euro, if China has their way a few months from now, we may well see the Chinese Yuan take its place among the world’s most trusted currencies.
U.S. Treasury Secretary Jack Lew says, “China isn’t ready for currency reserve status,” and would certainly like to see the Chinese blocked from entry, preserving the dollar’s status as the world’s go-to currency and primary mechanism of exchange for global international trade.
But while Lew and his predecessors have presided over the largest growth in national debt in world history, the Chinese have been strategically positioning, much like the United States did in the early 1900’s, to not just become the world’s largest economy, but to be the super power of the 21st century.
Forget for a moment what’s being touted by analysts, forecasters, politicians, and financial officials who say China is not ready. Focus instead on the actions being undertaken by China and you’ll understand why Chinese President Hu Jintao says that the dollar is a product of the past.
Excerpted From Future Money Trends:
Already we are seeing China and Russia hoard gold with Chinese demand skyrocketing in the past give year… China is both, the world’s largest gold producer and biggest importer… so not only are they accumulating gold by the truck load, but not one ounce produced is leaving their shore.
China… across the board… is preparing for something big in currency markets.
…
The world has an unease about the dollar system… President Hu of China said ‘the dollar is a product of the past.’
There was a time when the U.S. dollar was backed by gold. This backing helped to solidify it as a currency that could be trusted on the open market. Today, however, for all intents and purposes, the dollar is backed by absolutely nothing.
It is this weakness that the Chinese aim to exploit and that’s why they have been actively stockpiling thousands of tons of gold in recent years. But this is only part of the story.
In addition to their physical gold holdings, the Chinese have been using a secret gold accumulation strategy that no one is talking about :
The headlines for gold these past few years have only focused on physical gold accumulation by China, Russia and Eastern central banks. But what they have missed is a 7,000 year-old strategy that China is doubling down on.
According to data compiled by Bloomberg, in 2013 asset purchases by Hong Kong and [Chinese] mainland miners increased to a record $2.2 billion.
China is buying gold mines at a record… something completely missed by both, the mainstream investor and even the gold analysts who tend to only focus on the bullion sales, which haven’t been disclosed officially since 2009.
Although, according to Bloomberg, based on trade data the physical bullion stockpile has likely tripled since then.
China, who is aggressively buying gold, would spark an event if it disclosed how much gold it has stockpiled.
But imagine the true disclosure when you add up all their deposits… not just in China, but offshore. $2.2 billion is equivalent to 46 metric tons of physical gold… but when buying gold deposits in the ground this could be upwards of 5,000 metric tons.
And that is just one year of record mine buying from China.
It’s been rumored that China may disclose those gold holdings ahead of the IMF’s decision this October in an effort to prove to the world that their currency is not only worthy of admission into the SDR basket, but that it is more trustworthy than the U.S. dollar itself.
The winds of change are blowing and the Chinese will soon be taking the helm of the global economy. They know a major event is coming and they have been preparing for it by acquiring the one asset that has survived the test of time as a mechanism of exchange.
For those desperately trying to figure out where they should be putting their money before the next major market event takes shape, consider following their strategy.
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Is that when I need to turn on the TV?
Interesting article
thanks
I suspect the US will do something that will make the plans of these folks very angry
Which could lead to war
Anyway, fireworks soon
What a horrible article. Absolutely no substance. Sounds like the billboards China makes to tout it's currency as the next reserve currency. They would sure love that given all the money printing they are going to take on with buying all the bad debt in their system.
Exactly. China is more fucked in just about every way than the USA.
The only thing that will be different about the market in October is prices will be appreciably higher in all indexes.
11,000 Tons of Gold
http://m.youtube.com/watch?v=IJM2ScJwigU
Well worth watching to gain prospective.
It's not just fiscal manuevers they are a plan'n
Russia and China have been showing off some offenesive hardware big time
Maybe something in the middle east will spark off the offensive movement
The dollar died long ago but if China wants the yuan to be a success it will have to back it with gold otherwise it is just another shitty fiat currency.
Well if one Western Company is trading $1.5 Trillion a day in Derivatives... but china doesn't allow derivatives then maybe China has a huge advantage in keeping liquidity and preventing credit crisis.
Everything is a derivative nowadays. What is China going to do? Not have swap lines open?
The problem isn't derivatives, it's that the currency that settles payment is in fiat currency.
apparently, the going rate of backing a WRC is:
a.) Vaporizing at least two cities with atomic weapons
b.) 12 Carrier Groups
c.) periodic false flag attacks
d.) the illusion it has secured sufficient gold.
'Chinese President Hu Jintao' ??? Mr Xi will not be pleased! Especially since he has been purging FORMER President Hu's cronies.
China produced 440 tons of gold last year and estimates range (depending on your investing bias) everywhere from 3K to 30K tons. A recent article online by the economist Jin Zihou that China has the ability to crash the 'unstable' USD with 30K tons of gold reserves.He even quotes Alan Greenspan that if China used it's UST reserves to buy gold -game on.
(BTW if you try to search for Jin on chinese wiki--you can't because the site has been blocked by the great firewall since yesterday).
Agreed. Remember, they have been scooping up rare earth metals. Could play a role.
Apostate2 Raises a good point about Purges of Leaders in the USA.
"Especially since he has been purging FORMER President Hu's cronies."
It makes sense to purge the FED, Purge congress, Purge Leadership of Private Corporations as a condition of incorporation.
I'm just saying...
Once China gains control of the gold price they will be able to control all the currencies - no gold backing of their currency required.
Long popcorn fart
https://www.youtube.com/watch?v=F7l8sDIugBE
Pöpcørn | The Muppets
https://www.youtube.com/watch?v=B7UmUX68KtE
Rodney Dangerfield - CaddyShack!
https://www.youtube.com/watch?v=cMVvTl83gWg
Joo confetti bitchez! Kiss it good bye.
Gold is money and everyone should own some. I always get a chuckle when these gold-oriented bloggers and organizations make a prediction about gold price. The financial system has gut rot and the purge is coming, but they all seem to not understand the economy and finance are two entirely different things. I would bet that the deflation that is coming from this worldwide epic bubble will have people demanding dollars to pay off debts and hold as safe haven, at least at first, especially in this nirp world. After that, gold may have its day again, but all you ever hear from them is how gold is going to go higher or that gold is going to turn around and skyrocket if it is in free all. The instant I here them capitulate, I will be first in line to purchase their pessimism.
1# Worldwide global growth slowdown with major deflation (already underway)
2# A loud "pop" when the faith in the fiat system collapses and there is a mad scramble for hard assets....hyperinflation ensues
Don't be fooled by this deflationary period coming...the whole thing will come unglued fast...
I think both yours and swass's theories have merit, that is why I have 40% of my excess reserve in gold, 40% in cash dollar and 20% in stocks.
If gold price started to rise above $1350 around September, I wouldn't wait for the big dip to $1050 to back up the truck any more.
Where can I get a flushable version of this useless article?
I believe I have a bout of pneumonia, diptheria, ebola, and the stomach flu coming on.
Why wait ? Do it now, I dare you. Just place your balls right on the table enough with the talk, and no more bull shit... We'll wait. ( taps pen )
The largest 10 gold miners on the world have around 20,000 tones in mined gold.Adding in inferred and indicated and measured resources would double that. Adding in the other miners not in the top 10 would triple it at least.
We live in interesting times.
In the past people have speculated that the next Steve Jobs won't come out of China, or most other asian nations, because those people are basically expected to conform and original thought is discouraged. I wonder if there is any parallel in history as to what a Chinese empire would actually look like because the chinese would probably have to copy the idea from someone else in order to implement it.
I don't see military power playing that much of a role in determining the next empire. There are half a dozen nations that have the nuclear capability to wipe out humans and they're all run by older males. Young men are more likely to put their own lives into harm's way, whereas men over 50 in power are more likely to risk other people's lives. So I don't see any of the major nuclear powers pushing the red button. Perhaps other capabilities like the internet or sheer IQ will determine the next superpower but traditional military power will probably be a significant element nonetheless.
The roman and british empires both originated in relatively small countries and maybe we're looking in the wrong direction. Perhaps one of the tiny but rich nations might pull a surprise move.
I expect the next big empire to be a Caliphate.
It is quite clear that the chinese Reds are aiming very high on their military capabilities trying to face USNavy with fixed fortifications on their artificial islands ("A monument to human stupidity" according to Patton).
I don´t agree with the pre-eminence of American Military-Industrial complex, But China attitude on sovereignty issues on the South China seas seems to have the typical third world government behaviour to displace media and masses attention from internal affairs to an external threat (no less than America and the Asian Neighbors !!!).
The Chinese PC Nomenklatura surely have timed the chinese stock bubble to burst on October to make those grandiose announcement, so the banana investor will get angry with America and other Asians rather than the companies where he put his money on stocks.
The whole point of the artificial islands is to establish a 12 mile claim to the oceans surrounding it. In other words, to change the facts on the ground.
The United States and the rest of the world is going to shit themselves when China rolls out about 30,000 metric tons of that pretty gold stuff. Then all China has to do is say "Hey U.S. now show us yours." Game over.
"The world has an unease about the dollar system… President Hu of China said ‘the dollar is a product of the past.’"
WTF....Hu hasn't been president since 2012. If he is presaging "something big," China is sure taking their sweet time doing it.
The U$ Dollar's hegemony is the end result of CFR's WWII. If China wants to fuck with that, I guess the next logical thing is to prepare for Woar!
All I can do is laugh. Europe is on the verge of disintegration, and the Japanese are so deep in the debt Shitsand®, they need 10 foot breathing tubes to get air.
"Currently comprised of the dollar, Japanese Yen, British Pound and Euro, if China has their way a few months from now, we may well see the Chinese Yuan take its place among the world’s most trusted currencies."
I'm no China fanboy, and the PBoC is asses and elbows deep in debt as well, but the Yuan is just as worthy of SDR status as the Yen or Euro. At least China makes & builds things, all the while stockpiling PM's as backup.
October is going to be interesting.
China has apparently given some kind of notice; so they have to play some cards in October or lose face.
India is apparentluy trying to get gold moving through it's economy by allowing/encouraging fees/interest to be paid in gold on gold loans/rehypothecation.
China may be planning to introduce something similar but with offical management. IF they have anything significant planned it may have repercussions in the FX markets well beyond the US Dollar/Yuan peg..
Yes, they build things. And they will build those burger machines to replace the striking McDonald's employees, too. Well, for 50 years it was our turn. Now it's somebody else's turn.
So what do they do with the dollar peg????
Keep it and it is essentially the same as USD, Get rid of it and risk fuking up all the exporters....
They are way smarter than that, I have to agree with some of the comments....
This is just utter bullshit and somebody's idea of creative writing...
Nothing more....
China is already letting the Yuan appreciate, and turning towards a more internally consumptive economy. Yes, the yuan will strengthen but also gain other offsetting benefits. Commodities will be priced in yuan and it will be used more as a funding currency.
The PBoC is fully aware that we are in a state of global over capacity, and exports via the weaker yuan aren't going to cut it. The yuan will also continue to be partially pegged to the $usd via treasury holdings.
So what do they do with the dollar peg????
Keep it and it is essentially the same as USD, Get rid of it and risk fuking up all the exporters....
They are way smarter than that, I have to agree with some of the comments....
This is just utter bullshit and somebody's idea of creative writing...
Nothing more....
Points to note:
1. President Hu retired three years ago.
2. Chinese consumers were more responsible for rising gold imports than the government.
3. Net gold imports to China in the first quarter this year were down 27% compared to the same period last year.
http://www.ft.com/intl/fastft/315702/chinese-stock-market-euphoria-takes...
Many just don't get that the dollar is up on "exit." Those in the know, the connected and Amongst, are heading on over the "pond."
And from the annals of the Head Zionist In Charge:
"Once we squeeze all we can out of the United States, it can dry up and blow away." -- Benjamin Netanyahu.
Liberty is a demand. Tyranny is submission..
Are you awake, or sleep walking?!
I wish NWO would tell me what's going on. But no. Instead they give me images of a naked man in the White House with a knife and mailman helicopter drones landing on the White House lawn. I'm suspicious that these here banksters that are running around in control of the military and and in control of the nukes might not know what the hell they are doing. They make God's work sound like the ramblings of mad men.
Here is a thought. With all the companies buying back their stock (real assets) with low to no cost printed paper, when the currency is reset they will own real assets and can sell the stock (real assets) again. Am I wrong? All of what is going on seems to be a huge conspiracy between the banks, Wallstreet and major corporations which include the military industrial complex.
Hells bells, ever since we made them cut their cooley tails during the California gold rush, they have been hell bent on revenge!
Something big, but not bigger than bitcoin.
NOW is NOT the time to buy gold.
More Bullshit Hearsay Pump And Dump Crap with nary a scrap or shred of evidence of anything that Mr. Dumbfuck Mac says.
Short man small dicks bigger ambitions?
Typical BS sensationalist video. Gold climaxed in 2012, for the next 10 years ( or a little more) cash will be king.
Who was that guy who said Netflix was 'finished' when it was heading down under $90.00 a share?
At the risk of political incorrectness, I would like to point out certain features of the Chinese culture that strengthen their claim to monetary leadership, as well as some others that might weaken it. In their favor they have strong family bonds and loyalty. They also have a prodigious capacity to work for what they wish to attain. Another productive trait is their penchant for frugality and simplicity in the life style of most. They have also proven themselves to be very adept at putting their inate talents in mathematics and science to productive uses.
On the negative side, there is the propensity to gamble. There are many stories about how family fortunes have been erased by this habit. Chinese also have a tndency toward group thinking in place of individual opinion, with the result that waves of opinion and action suddenly move everyong in the same direction. There is also the subculture that rewards those who can successfully decieve rivals in economic matters, and promote petty corruption.
There are, of course, traits of the American charactier, strengthening in recent years, that disqualify it from continuing to provide the world's reserve currency. These are the inability of the Congress to balance the federal budget, The humungous greed of the Wall Street and corporate oligarchies, and the dominance of the military/industrial complex in our politics.
You hit on a lot of things here wanted to add that US & UK Current Account Balance's are 192 & 193 out of 193 countries for having the worst trade balance. This points out also the propensity for trade which is likely to the detriment of the Nations/Countries due to poor investment and value of workers and consumers.
But mostly was going to point out Hunan Province Documentary on PBS or CCTV about Polluted Water. Combine the need for fresh water and US Debt held by China and you might see a possible strategy for TPP or other Treaties to move Chinese people to the USA. China needs food. Many places including the USA are known world Bread Baskets.
China buying up property in the USA, Businesses, Investments, Debt can give it lots of Leverage.
I think China will be a Player in the Future of the USA.
China's requirements for Water, Food, Land, Resource, Investments, Consumer Markets... I don't see these as advantages for the USA. US is vulnerable to Free Trade and Wealth being Extracted from poor & Middle Class.
Too bad we don't have any protection or Honesty in DC.
- To Bad we don't have Honest Brokers in DOJ, FBI, SEC, FINRA, FTC, GAO, CBO, FED, Treasury, OCC, FSOC, BCFP, CFTC, FDIC, FHFA, SIPC
Believe Household Debt is now $14 Trillion, so FRED Data is actually not yet up to date...
Households and Nonprofit Organizations; Credit Market Instruments; Liability, Level
2014:Q4: 13,496.88 Billions of Dollars
http://research.stlouisfed.org/fred2/series/CMDEBT
Federal Debt Held by Foreign & International Investors as Percent of Gross Domestic Product, 2014:Q4: 34.75940 Percent of GDP,
http://research.stlouisfed.org/fred2/series/HBFIGDQ188S
Current Account Balance: Total Trade of Goods for the United States©, 2013: -703,911,000,000 US Dollars,
Sum Over Component Sub-periods (2013 was last data),
http://research.stlouisfed.org/fred2/series/BPBLTD01USA637S
http://www.bea.gov/newsreleases/international/intinv/iip_glance.htm (wow huge trend, $31 Trillion in Foreign Property in USA vs $24 Trillion)
Bank Private Credit to GDP for United States
2011: 55.47615 Percent (Data spans from 1961 to 2011, Bubble is clear in 2003)
http://research.stlouisfed.org/fred2/series/DDDI01USA156NWDB
Sadly, China does not even need to back its currency with gold.
China has machines.
American policy has shit on its economy for so long you can't even find people to run an assembly line.
All China needs to do is quietly request that Walmart settle its accounts in yuan and not dollars.
China does not even need to make a big pronouncement.
Just make a perfunctory request in some also-ran province or county.
It will snow ball from there.
There will not be any trumpets from Beijing or the Central Party.
It will be like an old man slipping into a warm fragrant bath on a peaceful evening.
If feudal China is good at anything its "muddling through."
There is a lot of talk about robots coming back to America and re-vamping a new industrial age.
A sterile lithographer is every home.
Sure.
Even so, the politics of the economy are so rigged for the elite 50 (protected by the Fed) that even those profits will never pay taxes for America's hegemony.
By and large, everyone is sick of American bully tactics and sense of entitlement. The TPP only enforces the notion to the Chinese that Western elites truly hate their own countrymen and this characteristic tell them how diseased and weak the Eagle is.
Many senior Chinese policy people were eating tree bark and sparrows with their families in the 1950s, 60's, 70's.
Americans don't know what hard times are.
The dollar will drop in value by half and Americans will be begging China to buy their own farm lands.
The Chinese might do a better job of running this place than our native born traitors. I wouldn't worry too much. Yes, it will suck here. Americans shouldn't be let off the hook for the stuffed shirts they voted for anyway. It's a shame. The 15% who got it all along will suffer due to the 85% who never pulled their heads out of their asses. I guess they had the same thing happen in ancient Rome. I keep telling my friends to tell their kids to marry someone from overseas, so they can get a dual passport. It's the only reasonably easy way out.
This statement reminds me so much of the English, the Nazis, and the Rothschilds.
"By and large, everyone is sick of American bully tactics and sense of entitlement. The TPP only enforces the notion to the Chinese that Western elites truly hate their own countrymen and this characteristic tell them how diseased and weak the Eagle is."
Not that I know so much.
England was the Last Empire. She was great about stringing alone colonies, recruiting locals for their work, just like todays corporations and corporate-government-banking system.
Rothschilds were very good at intelligence work and conducting war as a banker and at Asymmetric Warfare.
I would think that Chinese would make great partners with the Rothschilds and what other explanation is there for the Chinese rise and confidence??
"Not that I know so much."
right.
Most of this content is true. However, this is not a "guest post" but a "guest advertisement".
Remember... in gold we trust, not in hypsters we trust.
Beware all schemes that are not physical gold in your own pockets. Most gold miners today are also extremely risky, even at current prices, and even with the chance that the world-wide fiat system will soon crash and burn.
Remember, manipulation can outlast virtually anyone (except zillionaires who never need to sell...ever). Which means, fiat may crash and burn this fall, or the predators may be able to manipulate things to delay the crash and burn until 2026.
As Doug Casey himself says, "certain doesn't mean imminent".
PS: As for "the dollar crashing", just remember this. When interest rates rise, the dollar booms. Given current interest rates are 0% and the lowest in history, the federal reserve has more room to artificially manipulate the dollar upwards then ever before in history... even WHILE the dollar is obvious garbage.
"When interest rates rise, the dollar booms."
That is absolutely true.
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
" As for "the dollar crashing", just remember this. When interest rates rise, the dollar booms. Given current interest rates are 0% and the lowest in history, the federal reserve has more room to artificially manipulate the dollar upwards then ever before in history... even WHILE the dollar is obvious garbage. "
Indeed.
However raising interest rates is going to crush leverage at all levels: Municipal, corporate, private. Interest payments on the national debt will rise precipitously.
The real estate market is still in horrendous shape across large regions of the US. I have several times posted links to the Zillow 'Negative Equity' interactive infographic which also shows delinquency rates per Zip Code/County:
http://www.zillow.com/visuals/negative-equity/#4/40.85/-115.09
According to that infographic: the delinquency rates in the N.E. corridor between Boston and Philadelphia are attrocious. According to that inforgraphic the NYC / N.E. NJ / Philly metro region is a total disaster of underwarter mortgages and extreme levels of delinquency. I conservatively estimate that some $1Trillion to $1.6Trillion dollars of mortgages are impaired, and the properties underwater to such extent that recoveries would be in the 70% range average after legal and other costs computation. This implies a cumulative unrealized loss that could roughly equal half a Trillion Dollars. The Camden/Paterson, West New York is ground zero for the ongoing housing crash presently. Raising rates will further crush values and make the inevitable capitulation that much more brutal for this entire regional R.E. market..
Yes indeed... the rise will crush the debt-laden, in spades. However, I still imagine there will be a period of time when the higher interest rate will attract a great many interest-seeking morons, of which the world is chock full.
Also recognize the mainstream media liars will scream from the rooftops that higher rates with higher inflation means... debts can be paid off more easily. Of course that will be another irrelevancy, but it will fool the fools for a while, as usual.
Also see my message just above.
Are you taking into account when interest rates rise, our national debt rises? Financing that debt also rises? So the countries with the least debt look golden in a hyper-inflationary period, no? A country backed by huge amounts of gold looks more solvent than a country with strictly fiat, no?
Sure, I didn't mean to imply the relative rise in the dollar with interest rates would be a long term phenomenon. It won't be. It will be the rise before the final collapse... though as always... timing is incredibly difficult.
It's interesting how the economic autonomy and sovereignty of countries like China, a defacto construct of western synthetic financial control (i.e. communism) are unquestioned and deemed naturalistic and determinant. Reminds me of a movie
https://www.youtube.com/watch?v=QuAWRf1CmiQ
China will certainly, eventually surpass the U.S. as a global economic power. And it is more than likely their Yuan will eventually replace the USD as the world's reserve currency. But what few appear to realize is that most of world's debt today is denominated in dollars... not Yuan, not Francs, not Sterling... dollars. What will surprise and confound most people is that the dollar will actually get stronger as the deflating global economy gets weaker. The Dollar will be in demand to pay down outstanding debts and it will be seen as the safest haven available when the value of the stock markets, precious metals, commodities, futures and other world currencies begin to collapse into the deflationary vortex.
The dollar is headed upward with some authority at the moment. And that won't change for a while to come.
http://www.globaldeflationnews.com/inflation-vs-deflation-part-1which-on...
er er Unless a Big Reset happens, at which point demand for USD will fall off and its value will fall.
THE PERFECT STORM (see p. 59 onwards)
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf
Fuck gold. When this hits there will be nothing to eat.
true dat !!
this is your brain. this is your brain on gold.
IMHO,
Something to do with CHY/Solid_Au for Oil&NatGas - backed by RUS and IRN.
if there is a chinese proverb for all things, it is dont rock the boat. the russians have least have some engineering talent (other than reverse) the us has milked this offshore labor resource for all its worth and the chinese have their potemkin village, but the poor are still poor. japan is the central power in asia and will remain so. so let them drop the peg do what they want sell bonds go ahead. china is not an ascending world power. the us empire has a lot more to run.
"the russians have least have some engineering talent (other than reverse) "
"japan is the central power in asia and will remain so"
lmao ami exceptioalism
u r really behind the curve
wake up
President who? Is he in charge now, like president clinton?
Sounds like the whole piece is a load of bulls
Hu Jintao is NOT the President of China.
3rd base.
VIVA BRICS
All that China needs to do is to declare a gold backed currency.
And this will lead to realistic but very high price of gold in east.
Whereas a very low price (less than half) in west.
This potential difference will make all the gold of west to flow to east very fast.
West will have no gold and soon its stock markets & currencies will fall like pack of cards.
While in the East , the holders of gold & gold backed currencies will remain intact & strong.
This will lead to total bankrupcy of west.
(Some ppl may be already salivating at the idea of western nubile hoes seeking to EARN some gold in east)
;-p........
This is the end, beautiful friend
This is the end, my only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes, again
Can you picture what will be, so limitless and free
Desperately in need, of some, stranger's hand
In a, desperate land
Lost in a Roman wilderness of pain
And all the children are insane, all the children are insane
Waiting for the summer rain, yeah
There's danger on the edge of town
Ride the King's highway, baby
Weird scenes inside the gold mine
Ride the highway west, baby
Ride the snake, ride the snake
To the lake, the ancient lake, baby
The snake is long, seven miles
Ride the snake, he's old, and his skin is cold
The west is the best, the west is the best
Get here, and we'll do the rest
The blue bus is callin' us, the blue bus is callin' us
Driver, where you taken us
The killer awoke before dawn, he put his boots on
He took a face from the ancient gallery
And he walked on down the hall
He went into the room where his sister lived, and, then he
Paid a visit to his brother, and then he
He walked on down the hall, and
And he came to a door, and he looked inside
Father, yes son, I want to kill you
Mother, I want to, murder you
C'mon baby, take a chance with us
C'mon baby, take a chance with us
C'mon baby, take a chance with us
And meet me at the back of the blue bus
Doin' a blue rock, on a blue bus
Doin' a blue rock, c'mon, yeah
Kill, kill, kill, kill, kill, kill
This is the end, beautiful friend
This is the end, my only friend, the end
It hurts to set you free
But you'll never follow me
The end of laughter and soft lies
The end of nights we tried to die
This is the end
"U.S. Treasury Secretary Jack Lew says, “China isn’t ready for currency reserve status,” "
since when is this clown an expert on anything?
Jack: "I am sorry, but they do not have Chosenite Approval yet."
I actually misread that as "Usury Lackey Jack Sue".
Focus on China should be it's extreme problems of men to women ratios. China is going to have a a large problem with too many men and the best way to solve that will be for them to go to war with someone. Combine that with a slow down and the view of president Obama as weak. They may see this as the best time to go to war with someone to solve many of thier problems at once and to test American resolve.
It is very, very, difficult to start a war with Ovomit. He won't fight.
Anything that will diminish or injure the U.S. is right down his alley. That is why he counts all of his foreign policy and economic failures as "successful".
His critics, who tout his "failures", fail themselves to understand that he is accomplishing exactly what he intends. Degenerate, diminish, divide, destroy, demean, and dismiss the true welfare of the American People, on his march to destruction of the USA.
His intent is to cast the USA into the dustbin of history. He has a little less than two years to finish the job. Why would he do anything to assert American interests in the face of Chinese/Russian aggression. He is on their side.
Congratulations Demoncraps/Repugnicans, and all other Liberal/progressive demons. You are soon to reap the whirlwind!
His heart is in the right place but if you want to know what's coming down the line you'd be as well off going to Mystic Meg at the fairground than to Mac Slovo.
As the banksters, money changers and political psychopaths of the "West" rave on about a so-called "cashle$$ society"...(if we don't play the fiat game on their terms...then there won't be no stinking game booh hooh hooh!)
China knows instinctively as the Anglozionazi robber barons once did "Gold is money, everything else is credit" as JP Morgue himself put it.
Onward to the EAST, PIVOT time!
Chinese stocks up almost 3% today. Yes, China is preparing for something BIG really BIG. LoL!
Wow!
Just reading some of the comments here is more unnerving than the details of the story...
NWO, perhaps.
But, NOT the kind being kicked around in the posts. Power to enslave a globe wouldn't make sense; the powerful like money too much, and money is meaningless in the context of power concentrated in the hands of a megalomaniacal few. Hitler wasn't about money, he was about control and domination.
Hitler didn't last long.
What we have here are rising powers (the new Russia and China) who want to be "some bodies" of a first order. Not just BRICS anymore.
They have a lot of financial power, but not much clout with the rest of the world. I'm not sure they're ready to make the leap they want to make. There's something to be said for maturing into a superpower. That takes time and sweat, not to mention a helluva lot of sacrifice.
We're about to remember some of that sacrifice this Monday...
Paul Craig Roberts has this power play picture right I believe. These two rising powers are forming defenses, NOT offenses. The perceived threats from a rising China and Russia are neocon-created.
They don't exist till WE invent them.
m
Md4, maybe..USA is a superpower?? like in Iraq or Afgan? or vietnam?
things I see:, delution of national idenity in the west by design- not in china or russia or mid east or even south america.
concentration of wealth, ownership of production into mega corps & banks with no antitrust laws enforced:
(see recent CVS buying Omnicare after buying med insurance co's caremark with limitless FRN's from the constant printing of the fed)
so we are moving to a world of nations vs the wests rule by mega corps owned by the 0.1% and few if any small corps or family owned business ...
the result of 2008 is the concentration of ownership in those connected to the FED and CB's in the west.
there is no united states, there is the 0.1% sphere of influence- this is what china and russia do not want for their nations..
the real war: nation states vs 0.1% bilderberger's CFR Davos NWO. gold is not useful to the plans of the 0.1%.
Do you think that Chinese or Russian communists will be any more responsible with that power than the Dutch, French, English, Spanish, or Americans?
Here ya go:
China, India likely to be biggest shareholders in AIIBhttp://in.reuters.com/article/2015/05/22/asia-aiib-china-india-idINKBN0O...
China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.
AIIB said in a statement that it expected to be operational by the end of the year. It said the meeting in Singapore finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details. (bit.ly/1FrydwQ)
No details of the ownership structure were disclosed, but delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the second-largest shareholder.
China's share in the $100 billion lender would be less than 30 percent, an Asian delegate told Reuters. A second delegate said India's share would be between 10 and 15 percent. Both spoke on condition of anonymity.
In all, Asian countries are expected to own between 72 and 75 percent of the bank, while European and other nations will own the rest.
Another delegate said each country representative would take the proposals back to their governments for a final decision.
Even gold and silver have their mad "money printing" moments.
The discoveries of huge gold and silver reserves in South America by the Spanish was the precious metal backed equivalent of today's QE.
"Money printing" in the trillions caused by a random find of precious metals.
The digital currencies have it, with an open sourced program that all can verify, that limits currency creation.
Gold and silver discoveries are just random events and not the sort of thing you should pin currencies to.
Ironically, the Spanish robbing the silver and gold from Latin America caused their own downfall. Well, one of the causes.
Gold and silver "money printing" (large discoveries) are just like QE then.
Let me know the next time you find a mine that contains 8-20X all of the metal above ground and then we can talk about your comparison.
Empires expand because they have to and until they can't any more.
The IMF along with the worldbank is part of the Washington consensus so you can bet your bottom dollar (hihihi) the IMF will block the Yuan. Just as the IMF and WB have always appointed Americans and Europeans to head these insitutions (although WB now has somebody with dual citizenship).
That is why China initiated the AIIB. So perhaps now they also need to found a Chinese version of the IMF with Yuan, Ruble and other currencies. The world is getting bi-polar again, in more than one sense.
Here's somethiing I heard that seems to fit right in, though it is a different perspective. China pegs the yuan to the dollar to keep it's exports competitive. When the yuan becomes part of the basket of currencies, they will have to depeg the dollar, which will likely result in a higher yuan and a lower dollar.
I don't see how they are in a bigger world of financial crap than the US.
Nothing will change. Yuan will continue to be accepted in the global markets with/without IMF & World Bank endorsements. $ will stay within these anachronistic structures. Towards a bi-polar global economy...much preferred by the money elite (1%) who can play both sides.
"Today, however, for all intents and purposes, the dollar is backed by absolutely nothing."
Or one could see it as backed by Pb and Pu.
My thoughts are that China knows and understands the Gold market better than anyone else. Since they know it, they know how to squeeze the most out of it (manipulation of lower prices to accumulate phyzz holdings). Once they know there isn't much available phyzz remaining, they buy up all the available production. Once this is done and the turnips is almost squeezed dry, they will launch their own exchange then link their currency to phyzz Gold. This is the endgame.
For their exports. They know the US will not be a viable importer in the near future because we are BROKE and have nor real means of true wealth creation via manufacturing. They will need to be an internal domestic consumer nation if they want to survive. This means strengthening of the currency will be important in the future. This leads back to Gold. As we all know, China (and other brics) are frantically preparing for this eventuality. The USA and Western nations are not. Watch China and follow their lead...the change may be sudden but you should be able to see the signs (fyi, they are all flashing in neon now) so dont' be caught off guard.
China does not want to start a regional war
.
China lives there so forgoing war China is not taking over world trade/debt anytime soon
The Impossibility of China Issuing a Reserve Currency (October 14, 2013)
http://www.oftwominds.com/blogoct13/China-reserve-currency10-13.html
Impossible for one fundamental reason alone as pointed out by the article: "any nation running trade surpluses cannot issue a reserve currency"
Maybe China is planning on something less ambitious, such as providing a gold-backed yuan and jacking up the price to $10,000 per ounce. They can jack up the price by using their foreign reserves to buy gold. They have trillions in reserves.
Suppose they also have a trillion dollars of gold, counting the $600 billion held by Chinese citizens and the PBOC and also the value of gold in the gold mines they bought up. After the price increases to $10,000, they will have not a trillion in gold but something close to 8 trillion in gold, a profit of 7 trillion dollars.
If they do some fractional reserve gold banking, say 50%, they can double that to $14 trillion. Not a bad deal! It's even good enough to afford a dramatic increase in Chinese military power.
Of course, some of these numbers are highly questionable, but the Chinese have probably done a thorough analysis of such a possibility. They have surely thought about it, if only because they've watched Jim Rickards explaining the scheme a number of times on American TV.
Heh. "Tallest midget in the room."