The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything

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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

 

 

 

How would you feel if you had planned a gathering of your closest family and friends and your list of invites grows to include some 185 guests. You also invited your known trouble-making cousin. Your cousin shows up drunk, armed and belligerent. He begins harassing a good portion of the guests, smashes some of your prized possessions and then, as an added bonus, he shoots and kills 12 of your guests.

 

As your cousin is leaving the gathering, he takes your wallet and your wife’s purse. He also goes in your bedroom, opens your safe and removes all your gold and silver. Your cousin now has all your credit and debit cards and all the cash you had on hand. You can not conduct business in any manner. You can’t even pay the caterer for their services.

 

If this sounds like a horrific story, you’re right - it is. The drunken cousin is a metaphor for how the U.S. has been acting for the past several years and how it has treated countries around the world. Do you suppose some of these nations are more than a little tired of being treated in this manner? Do you suppose that instead of acting as this oppressive “cousin” acts that some of these countries would find it better to simply develop a way to leave the “gathering” in a peaceful manner and get on with their own business?

 

As we reported on March 30, China and Russia are taking steps to move away from their out of control “cousin”, the Federal Reserve Note, U.S. dollar, world reserve currency.

 

We learned in March 2016 that Kazakistan had been in formal talks with the Shanghai Gold Exchange regarding gold as currency along the New Silk Road (One Belt One Road) spearheaded by China. Kazakistan also smelts most of Russia’s gold and mines a small amount gold annually and is a member of both the Shanghai Cooperation Organization (SCO) and Eurasia Economic Union (EEU).

 

Then, in October of 2016 we continued covering how China had been working directly with the IMF to get the yuan/renminbi currency added to the SDR basket of currencies for global trade. That now appears to be a cover story for what lay ahead. With the renminbi now a global currency that changes how the renminbi functions within the currency markets and in global trade negotiations.

 

For the better part of the past year it has seemed as if the mainstream media, with talking points from the federal government, had been 100% obsessed with “Russia did it!!” “It” could be anything as the story has morphed so many times it’s hard to keep track. The “it” is not near as important as the cheerleading by the MSM to remind the public Russia is to blame!

 

The Russian obsession has, for the past several months, been running along side a new “enemy” – China. China and the South China Sea has been another point of beating war drums for the mainstream media. We now have two new enemies outside of Syrian President Assad, Iran, Iraq, Libya and whoever else we feel we need to bully. The whole list of enemies continues to grow even though there are exactly zero threats to the U.S. from any of these countries.

 

China began working their CIPS system, global trade settlement system, in October 2016, the same time the renminbi joined the SDR basket, allowing China to conduct global trade outside the U.S. owned and operated SWIFT system. Both systems are used to settle global trade transactions and the SWIFT system has been geared to the Federal Reserve Note – U.S. dollar – while the CIPS system is geared to the Chinese renminbi.

 

China International Payment System (CIPS) was launched last October [2015] and is now entering into the second phase of its implementation. Phase Two will allow for a further widening of the trading band between the RMB and USD, which will in turn give the Federal Reserve additional room to raise rates. I predicted almost two years ago that CIPS would not overthrow or compete with the USD dominated SWIFT. I suggested that both platforms would share a base code and would work together to transform the monetary framework. That is exactly what is happening.

China strategically stated their gold reserves for the first time in 6 years in the lead up to the SDR announcement last year. This exact strategic announcement by China was predicted here on POM. Source

Enter Russia and their global trade settlement system based in Russian rubles. It is not quite ready for prime time, but not to worry, they are working around the clock to put the final pieces in place. Within the past two weeks Russia announced to the world where the system is, specifically, along with what is already in place.

 

“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday.

She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.
Source

The picture should be getting a little clearer as to why Russia and, now China, has become the absolute “enemy” and must made into a monster by the mainstream media who are utilizing the warmongers talking points coming out of the back hallways of the federal government. Odds are the people occupying the back hallways of the Federal Reserve are also providing guidance to the mainstream media in just how to keep the “Russian enemy” in front of the American people. If it’s not about the reserve currency, Federal Reserve Note, U.S. dollar, then explain this:

 

One of the most significant measures under consideration is the previously reported push for joint organization of trade in gold. In recent years, China and Russia have been the world’s most active buyers of the precious metal. On a visit to China last year, the deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

“We discussed the question of trade in gold. BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets,” First Deputy Governor of the Russian Central Bank Sergey Shvetsov told Russia’s TASS news agency. Source

Let’s take a look at the next step. Now that Russia and China have systems to conduct global trade outside of the Federal Reserve Note, U.S. dollar, both nations can make decisions that benefit their countries, and benefit their business interest, without fear their currencies will be disabled like what happened to Iran in March 2012. Iran was only reconnected to the SWIFT system in February 2017. Having another nation control your currency is a can be devastating. Iran learned the hard way and both Russia and China now have the capability to keep all currencies functioning both internally and globally, outside the SWIFT, U.S. dollar system.

 

Just last week we learned the BRICS nations are discussing the development of a “gold marketplace”.

 

Future plans to facilitate transactions between Moscow and Beijing in gold would certainly explain why the two countries are leading gold producers and buyers.

Creating a BRICS “gold marketplace” would be an excellent way of bypassing the dollar while also using a “currency” that could be easily recycled for trade with other member nations.

And while trading in gold won’t happen overnight, BRICS states have already moved towards creating a “new financial architecture” that “tackles the dominance of the U.S. dollar in global finance”:

The initiatives taken by the member nations of BRICs (Brazil, Russia, India, China, and South Africa) to set up a new financial architecture at its eighth summit held in October 2016 in India have recently been under the spotlight. In order to avoid the International Monetary Fund (IMF) type of loan conditionalities and tackle the dominance of the United States (US) dollar in global finance, the new institutions set up by the BRICs are expected to provide a much needed change in the global financial architecture. These institutions include the New Development Bank (NDB), the BRICS-led Contingency Reserve Fund (CRF), and the Asian Infrastructure Investment Bank (AIIB).
Source

The Federal Reserve Note, U.S. dollar, has enjoyed a good long run as the world reserve currency. The Federal Reserve, their member banks and the U.S. federal government have stolen from nations around the world, 185 in total. The Federal Reserve, through the world reserve currency status, has been able to push inflation out of the U.S. economy and onto other nations. China and Russia, along with the member nations of the SCO, EEU and BRICS are in the final stages of moving completely away from the Federal Reserve Note, which is quickly becoming useless on the global stage.

 

China is already using a gold currency. $14.5 Million worth of gold currency was used in transactions during the 2017 Chinese Lunar New Year across the “we chat” platform. This is not a gold backed currency, this is a gold currency.

 

 

While these nations continue acquiring ton upon ton of gold, the U.S. continues to acquire billions upon billions in debt. Which scenario is more sustainable? As these nations continue to build out their trading systems, to circumvent the world reserve currency, how will the U.S. contend with this new reality? The U.S. government is currently acting like the drunken cousin described above.

 

Why would BRICS nations, who are responsible for a significant portion of global GDP, continue to accept how the U.S. has treated them? The belligerence coming out of the White House and Pentagon, by way of NATO, has created a global divide. The U.S. is broke and can not pay back the owed debt. We can only bully other nations, steal their gold and bomb those that do not fall into line. Russia and China are large enough, wealthy enough and strong enough, militarily, to stand up to the U.S. They have been quietly going about their business – conducting business – while the U.S. has continually conducted war with anyone and everyone. The U.S. has now set it’s sights on these two power house nations. These nations are not Syria, Libya, Iraq or any of the other tiny nations these warmongers have bullied. This time it will be different and the golden rule still applies – he who has the gold makes the rules. China and Russia have the gold, the U.S. has debt.

 

 

 

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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

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Sandmann's picture

Kazakistan  ???????

LOL123's picture

I'm crazy, but this is how I see it if you needed to consolidate the nations unto One centralized Governing power, through Military, finance and communication for control.

1. Destabalize the United States and Europe ( internet web of international "eyes" on everyone for jump on stockmarket, curtail competion, get rid of officals not complying with rules of the elite games).

a. US debt system so high a change in status of dollar through a restructuring of the system.

B welfare states/Nation by flooding in imigrants under a "moral banner of humanity and human rights "( but first create the situation by war)-adds to debt of the nations/Countries of Europe and North America.

C create internal conflicts/strife ( soros/ rothschild funded sponsored chaos) and debt ridden politicans from bribes owe huge huge paybacks to them(the ones who bribed them and they work for, follow the money trail... Always.

D middleast gets rid of all the nasty arabs; leave the "return to homeland" Jewish population a safer place and freedom to expand territory and collect more resources and homes ( huge huge oil deposits in levathian area around Syria). 20,000 Jews left for Israel from France so far and more leaving.

E war with Russia/China all the while both are permanent members in United Nations and American companies like Goldman Sachs and JP Morgan conducting business and getting rich off it( among others of course).... Could and would also profit from war ( think Union bank during wwll)( kill off immigrants and each other during domastic and international strifes plus gaining all their land and houses in the middleast ( kill two birds with one rocket). Rothschilds own every single central bank including the Russian one. By setting up a parrallel system doesn't mean ruin for them ( they are the shadow behind the chess moves) it will be ruin for the citizens of the US and Europe .... As planned.

When elites talk about Utopia, it is for the council of 13 NOT the the masses who are fodder for their financial cannons.

The s**t is going to hit the fan.... Timing is everything. The only way to brace  for it is to innoculate yourself with the knowledge of it so you don"t die from shock and fear. We're still good under any thing they throw at us as long as we keep fear at bay and focus when it happens and don't panic... Keep the faith.

JLM's picture

Another reason America is afraid ot the USSR is that they have no debt.  Russia is last man standing if things go financially bad again.  And they have gold.

TheRealBilboBaggins's picture

I read the first few paragraphs and realized this story is totally bogus.

Why?

No one will trust their money to the Chinese. Period. If you think they will, I have a magic goose . . .

And the Russians. ha ha ha ha ha ha.

The Russians and Chinese can't even trust each other . . . enough to make a currency. These are gangsters and monsters we're talking about here. I realize the Klintonoids called them allies just a few years ago. 

But they're not. They are the worst people in the world.

Yeah. Let them be in charge of the world's currency.

The greenback is safe.

Reaper's picture

How long would you keep your money in a bank which monitered your transactions and could withold your money at their whim?

Joe Mama 3's picture

As soon as i saw the acronym BRICKS????   Tommy shaw told me THE JIG IS UP !!!!!!!!!   Brasil, trainwreck   S Afrikka 50k trainwreck !!!  India, got gold, but not evil empire like chiina and mother rus. china will jail and kill yo ass for no reason and sell yo organs to a rich jew !!!!!!!   I ate some of their air today, thought it was soup !!!!!!!   russia got the fine ladys, but they're hookers !!!!!!!   Got a little crokodile problem too...........   Don't bet against da home team fools !!!!!  This country got moe tricks up its sleeves than a rich chink got chips at da boat !!!!!!!!!!!!!!!!!!!  euro gonna collapse within 2 years.IMHO .       later, fools !!!!!!!!!!!!!!!!!!!

globalintelhub's picture

just read it www.splittingpennies.com get out of the stock market scam

SanJoseMutza's picture

The US has been bullying the world since it's inception. To date there have been no adverse consequences. Some believe in karma. I do not. The law of the jungle is above all. The US has the means to dominate the world and so it has and will continue to do so. As they say about touchdown celebrations; if you don't want me to celebrate don't let me score. 

JailBanksters's picture

More Debt, you really mean creating more Fake Money

With more Fake Money you can buy more stuff, as long as the other person accepts your Fake Money in exchange for their goods.

Blue Horshoe Loves Annacott Steel's picture

When asked his thoughts on this topic, Former Defense Secretary Donald Rumsfeld said:

Reports that say that something hasn't happened are always interesting to me, because as we know, there are known knowns; there are things we know we know.

We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.

And if one looks throughout the history of our country and other free countries, it is the latter category that tend to be the difficult ones.

WTFUD's picture

Time for Assad to declare that after 30th April ANY UNINVITED FUCK is fair game. Fuck Vichy DC & NATO.

scaleindependent's picture

More than gold, the real reason is Black gold: petroleum, the energy on which the world runs.

 

This explains our irrational attack on Syria.

Oil is running out; please see the recent post/news that Mexican Oil reserves are drying out.

Maestro Maestro's picture

**Since neither the Americans, the Russians nor the Europeans can even issue their own (national) currencies; none of you are sovereign countries, that is, free peoples. You are all the bankers' witting slaves. The manipulation of gold's price lower is the principal method used by the bankers to hide this fact in plain sight. If gold is not money (alongside whatever else) than you are a slave, period. Read on.**

Worse than the bankers rigging gold and silver prices and not having the gold that they sold you (or selling gold that they don't have, via fraudulent COMEX Futures contracts) is the fact that we don't even have MONEY today.  Therefore all financial transactions and economic numbers predicated on the existence of money are FRAUD and FORGERIES presently.

Electronic digits and paper fiat currencies in use today are NOT money, according to the law of the country that issues the reserve currency of the world, the US Dollar (Article 1, Section 10 of the US Constitution); or by the tenets of the science of Economics (i.e., fiat currencies are not money because they are not a store of value nor a unit of account due to the fact that NOT ONE fiat currency's value is actually determined or stipulated in concrete legal terms).  Dollars and Euros and Yens are not even lawfully DEFINED as to what they all are exactly; what their economic worth and transactional value is. Hence, fiat currencies simply cannot constitute the legal foundation of any lawful contract!

(Also, there cannot be either inflation nor deflation in the ABSENCE of money.  Both inflation and deflation are monetary events which cannot take place where there literally is no money.)

What we have today is massive GLOBAL FRAUD mascarading as a monetary system based on the (fraudulent) US dollar because all fiat currencies are basically only a derivative of the US dollar, including the Euro, the Yen, the Yuan, the Rouble, the Shekel and the Riyal.

Furthermore,

Why do a few people get the right to print fake fiat money out of nothing and buy your goods and services with it whereas you have to WORK to obtain the same worthless money created out of nothing?

THAT is the question at the heart of the matter.  That the bankers manipulate interest rates or the price of gold via fraudulent Futures trading (by selling gold that they don't have) with fiat money is a moot point.

To put it differently: why do the bankers get to have anything that they want without working for it and you, you don't?

All this talk about market rigging, monetary theory and fraudulent (paper) gold trading is a cover-up for INJUSTICE.

The US Constitution FORBIDS the use of debt as money; the US Constitution proscribes (debt) notes which is what the US dollar is presently.  Think, all other currencies are just another name for the US Dollar.

What passes for money today is a CRIME, no more no less.

 
People,

You are all aiding and abetting this crime every time you buy, sell, pay or get paid.

And then you ask, Why our leaders, the politicians, the bankers, and our military men and women are EVIL?

The answer is, because they are just like YOU. They are your sons and daughters.

East Indian's picture

"Why do a few people get the right to print fake fiat money out of nothing and buy your goods and services with it whereas you have to WORK to obtain the same worthless money created out of nothing?"

 

+1000

This is the question over which we are going to kill each next time. 

I wanted to give +1,000,000,000 but then there will be no difference between me and the fiat magicians.

J S Bach's picture

"Why do a few people get the right to print fake fiat money out of nothing and buy your goods and services with it whereas you have to WORK to obtain the same worthless money created out of nothing?"

Well, Maestro... the answer is absurdly simple...

Those (((few people))) are chosen by yahweh to counterfeit - and we are not.  Got it?

Hubbs's picture

It goes back to the "work " thing. People who work to earn their fiat can not devote time and energy to protect the true value of their labor and production.

In contrast, the money changers, who do no useful productive value added work, can devote their time to plundering and controlling. Think of the money changers as a waste product of working people. You need to eat, but you still have to go to the toilet. Carrying the analogy further, waste can be used for good purposes such as fertilizer to grow crops. Money changers, if held to honest sound money principles, can be beneficial in banking to efficiently extend capital and seed new business. Instead the waste has not been channeled and now is accumulating in our homes and lives.

The one commonality of man as he left a hunter/ gatherer existence , then to farming and finally to cities with specialization of skills which led to developed trade was the need for money as true medium of exchange and store of value.

Like a virus, the money changers have perverted their hosts' machinery to multiply and control. (A virus is incapable of replication without a living host whose DNA, proteins, mitochondrial energy source is provided.) The use of fiat, like a virus that inserts it's deleterious DNA or RNA strands into the host cells genetic structure, has taken over.

Northern Flicker's picture

US hypocrisy just grows and grows. Even the tender snowflakes in California, presumably with love for all, don't seem to notice America's rape of 3rd world countries.  I fear it will end badly. And too late, the bully will learn a lesson. 

Conax's picture

At some point the US will have to roll up its tents and bring the military home. They'll need real jobs. Since this will happen sooner or later there's no use in burning down the world trying to forestall the inevitable.

Better to embrace the new paradigm, revalue gold, slap tariffs on imports and get this Industrial Revolution 2.0 off to a good start.

Put Americans back to work and get the big government monkey off our backs in the process.

scrappy's picture

I hold a different view.

People are more precious than gold, that is life above all.

Just because folks have used gold as as a representation of wealth, which is really the fruits of labor, and property which was created by no man. There has been so much banker fraud, and suffering due to valuing gold this way. I am unsure if the consuming of gold as in the alchemical was a good thing or not, the egyptions were said to have done so. Gold is an excellent conductor, silver has many uses too. Should we hoard silver or use it for medical treaments for life, or technology uses to better life?If that life was YOUR life, should we hoard it? Maybe there is a better way. Afterall, trust is more valuable, for without it society ceases to trade and function at all. Did you know that in the Revolutionary War, the Brits conterfeited the continental dollar? That destroyed trust. https://allthingsliberty.com/2015/10/faking-it-british-counterfeiting-du...

They did use salt as money at one time, and it is essential for life, pehaps it was a mistake too.

Gold uses in culture:

As religious material = 4,500 BCE from Ireland (Cuilliaéan)

As cursed material = 1260 BCE Under Ramses II onwards As cursed "lawful money" destroying Empires from 60 BCE onwards

As medium for cursing souls from 1543 CE onwards as "Bar"

As cursed material = 1260 BCE Under Ramses II onwards As cursed material = 1260 BCE Under Ramses II onwards

As cursed "lawful money" destroying Empires from 60 BCE onwards As medium for cursing souls from 1543 CE onwards as "Bar"

 

 

11b40's picture

Hold whatever view you like, but it is immaterial what you think has value when the rest of the world believes something else.  Perhaps you do not realize that the things you cite in you post illustrates the deep historical allure and power of gold.  Full faith....in a fiat currency, or gold?

BarkingCat's picture

I see BCE and Ce and immediately think SJW idiot.

It is BC and AD as in Before Christ.

 

..oh and I say this as someone who has been an atheist since age 12.

DownWithYogaPants's picture

Ramses is a condom is it not?

I prefer Blowtex!

bardot63's picture

An excellent summation, dead on preview of what's to come.  It's not opinion -- it's mathematics.

Consuelo's picture

 

 

 These nations are fine & well to go about this process on their clock and implement in measured fashion.    What would accelerate this are acts of aggression either in the Eastern European/Russia/Ukraine border, or the the ocean area off China's coastline.    While neither country may decide to engage miliarily unless outright attacked, both nations would most assuredly 'sink' the U.S. ability to wage further aggression by some sort of global announcement of large-scale trade or currency-backing, with their combined gold reserves.

It should be kept in mind also, that both China and Russia are no strangers to drastic change, hardship, war or major economic upheavals, all.   And within recent history as well.   The U.S.?   Not so much...  

Kendle C's picture

Oops, looks like somebody shit in the punch bowl.

besnook's picture

that about sums it up. i think the brics will use gold as it was prenixon, as a guarantee, insurance against current account deficits. of course, that means war is inevitable as the usa will feel compelled to protect the empire with all it has left, the military.

BarkingCat's picture

Thanks to the immigration policies of the EU the US will not be able to count on Europe if it starts a war against Russia. 

A few strategically targetted cruise missile attacks on Europe and they will have more than they can handle internally. 

Western Europe will not even be able to function as a safe staging ground as lot of the new immigrants will be looking to exact revenge on the military that has destroyed their homeland. 

 

It does make a very interesting plot for a book or a movie.

11b40's picture

Staging ground for what?  Once the fireworks start, it will be over in very short order.  Anyone who thinks Russia is going to get involved in a ground war on their soil is an idiot.  What do you think those nukes are for?

Setarcos's picture

Exactly, Putin has been explicit.

Posa's picture

Totally, absolutely true. If there will be war, the best strategy is an all out pre-emptive nuclear strike. Russia would be bled dry in a conventional fight and rapidly overwhelmed. By then it will be too late to use nukes... which makes this all very, very dangerous.

Korea is likely the flash point... but who knows. US action in Syria could be swift too.

Miss Informed's picture

Russia would be bled dry in a conventional fight and rapidly overwhelmed? Hitler said that and Napoleon before him.

Posa's picture

Hitler didn't have cruise missiles, space weapons, cyber warfare, and a first strike ABM system at his disposal... nor did he have a fleet in the Black Sea and troops arrayed on the USSR Western border, led by the USA and the NATO alliance of a dozen nations.

83_vf_1100_c's picture

Bled dry? Don't be so zure of that. Hitler had overwhelming military might when he turned on Russia. Bleed Russia did but at the rnd of the day, the Herms got their asses handed to them.  War is never as certain as it looks on the General's planning board.  The Russkis have some toys that keep their skies a hard place to fight. Ground war with our youth? LOL Also see WW2 Germany and the Eastern Front.  My boys will be staying at home.  If you have kids the thought of sending them off to WW3 should revolt you. When Russkis are wading ashore in Texas I will send my sons to fight and go back in the USAF myself. Otherwise, let the pols go duke it out. We have done enough agression these past 15 yrs.  Count me and mine out.

Posa's picture

As stated above: Hitler didn't have cruise missiles, space weapons, cyber warfare, and a first strike ABM system at his disposal... nor did he have a fleet in the Black Sea and troops arrayed on the USSR Western border, led by the USA and the NATO alliance of a dozen nations.

simulkra's picture

Agreed. Last time it ramped up Putin laid it on the line. They simply don't have the military capability to stand up to the US, bar going nuclear.

Posa's picture

Right. If Russia eschewed an all out nuclear first strike, it would still likely use tactical nukes to take out armed divisions attacking on the border. NATO has Russia stretched thin on border defense. Also not so clear that Putin could survive internal dissent against a war.... in any case the losing side in a conventional war would reach for the nukes in desperation... Russia is not about to allow itself to the dismembered and occuppied by NATO...

Since nuclear war is inevitable, best to strike first with everything... that's the logic... Russia is not Iraq.

 

Is-Be's picture

Correct.

I was listening to a clown on the MSM last night talking about, guess what? Weapons of mass destruction.


barysenter's picture

You must have been watching ESPn.

Luc X. Ifer's picture

Russia is the richest country in the world natural reserves wise, the oligarchic fascists controlling the global economic scam need Russia's resources dearly as air to extend the Ponzi masquerade even with the risk to get indeed a nuclear oblivion in exchange, in their lunacy driven by selfishness and greed this is an acceptable risk as they have as alternative for the worse case scenario their luxury bunkers.

i poop pink ice cream's picture

Bingo. The U.S. is dead broke and getting broker by the day. Russia and China have the GOLD. The U.S. deep state knows it must do anything to GET THAT GOLD. 

Luc X. Ifer's picture

US wants between many other resources that gold under control to eliminate it as treat to the US $ scam. Once US knows that they own most of the world's gold they can rest assured and proceed with using the gold for its pure high tech value so advancing even futher its tech leadership position.   

DownWithYogaPants's picture

I highly doubt that "gold backed Chinese currency" will mean I'll be able to go to China and pick up my gold bricks.  I'm betting they'll say the notes are backed up by gold but that I can't have the underlying gold.  Not particularly different in that respect.  

How could one suspect otherwise given that China prints up vast amounts of currency at high rates of speed?

What will be different is it appears they are determined to have a good stack of gold.

11b40's picture

Don't disagree, but bypassing the SWIFT system is key to pulling the power plug driving the bully.  It is kind of like a nation gaining nuclear weapons.  Once in place, they can tell America to f**k off.

Posa's picture

China is not likely to tell Walmart to FO... because Chinese unemployment will soar... and Xi and Co. will have an internal revolution on their hands... The Communist Party is only tolerated so long as it brings rising living standards to a significant band of people... once that stops... it's over

Squiddly Diddly's picture

The CP is tolerated because they have guns and the people don't.  Mao - Power flows from the barrel of a gun.

11b40's picture

....unless the US too belligerent. If the tensions escalate, the Chinese will act in any manner they believe to be in their one best interest.

STP's picture

Look at what they did to Libya, to get their gold.  "We came, we saw, he died (cackle, cackle, cackle)."