China confirms Gold Backed Yuan!!!!!!!! End of USD close.

Russia and China both have limited debt and massive savings compared to the US.

Pushing forward with a gold-backed Yuan means the US has to get creative to stay on top of their game.

I don't know how they can pull it off, but hopefully western think-tanks have prepared for this move, and have an ace up their sleeve.

Something which could sway influence back to the west would be mining the moon for H3. If we could back the dollar with reserves in H3, that would trump gold.

You can't power your nation off of gold, directly. You can with H3.

Originally posted by threewisemonkeys
reply to post by LittleBlackEagle

 

As pointed out, it's been speculation for quite some time. Was it Subramanian and Kessler in The Economist who speculated that the Yuan would have overtaken the USD by 2035 or there abouts? Perhaps that time frame is a little too long for the Chinese, and switching to a gold standard may speed up the process, and the demise of the US as a superpower. America, a broke homeless sichophant selling nukes to third world countries in order to scrape together enough spare change to buy a loaf of bread from a chinaman. Would be quite funny really.

edit on 24-1-2013 by threewisemonkeys because: (no reason given)

Please bare with me I'm on my phone so I can't link sources or spell check.

How would they do it? Raise the value of the yean to astronomical levels? ...........yeah right.

What makes you people think that they would invest OVER A TRILLION hard earned dollars in United States
bonds just to kill its aconomy and throw all their money away? .....yeah right.

And lets put this into perspective. How many ounces of gold China has times how many yaun each ounce is worth and you get .A. you take how many yaun China has in circulation lets call it .B. so you would take .A. and devide it by .B. then you would take that number and see the value of their currency backed by gold. Im guessing it would be quite a low number so what they would have to do would be to inflate the value of their currency to bring it up to par with the dollar then eventually surpassing the dollar.

Seriously guys take a minute and do the math and really think about it.


If any of you buy the fact that China is even THINKING about attempting this then I got some ocean front property in Arizona I'll sell you reeaal cheap.

-Alien

Originally posted by teslahowitzer
My question is why would china change the game? They make millions of low quality trinkets and products, most not worth the price, the reason their junk is cheap is their currency manipulation practices. Their market is the US, we buy their junk in droves, so why would you destroy your best market and how do you keep your billions of slaves in jobs? What would their people do and who would buy it? China would not invade the US as that is just insane, how do you transport millions of troops to the target? Millions of armed and pissed Americans on their soil is no picnic. Mutually asured destruction has no gain. A collapsed dollar means their currency is more valuable, therefore would cost more for the same junk that was not worth what it cost before the balance offset. This is a lose-lose situation for the Chinese and they know it. The only thing they gain is a population decrease, as do we, no winner here, so why increase your currency value in this situation? This is the real reason our worthless lying theiving clowns in Washington play their little game, they know China will not cut the legs off the food producers of this planet, So they play, and play.

The game is changing, and so therefore China must adapt.

The USA will collapse, WW3 will follow and many will die. After that is finished, the "game board" will be completely different in the eyes of China, there "role" wil be different then their "role" was during the reign of the USA globally.

With the fallout and depopulation effects of WW3, China has been planning for the "world after the USA" for almost a year now, the battle to fill the power void after the USA collapses will be WW3, it will be between the China/Russia vision of the world tommorow and the European vision (centered by Germany), you are seeing China's end game startegy play out a bit in this article.

God Bless,

Originally posted by unityemissions
Russia and China both have limited debt and massive savings compared to the US.

Pushing forward with a gold-backed Yuan means the US has to get creative to stay on top of their game.

I don't know how they can pull it off, but hopefully western think-tanks have prepared for this move, and have an ace up their sleeve.

Something which could sway influence back to the west would be mining the moon for H3. If we could back the dollar with reserves in H3, that would trump gold.

You can't power your nation off of gold, directly. You can with H3.

Chinese economy is largely artificially inflated... it's a huge bubble that's going to explode.. they've built massive cities nobody lives in, nobody visits, and nobody can maintain... They've propped themselves up to fail ... it's good for them NOW in the short term, but this won't end well for China... they are sitting atop an artificial economy.

reply to post by miniatus


So China is just a powder keg waiting to explode. Yet this isn't good for the world markets either. We all know that what happens to one country economically ultimately effects the rest of them. Especially looking at China as a rising superpower. Once the bubble pops, China will come look to cash in on the debt that the US owes them since they'll be broke again. Obviously the US will be unable to pay and things will escalate from there. Just another card in the giant house of cards that is our world economy.

Originally posted by stuntmanbob
So this is why Germany wanted its gold back?

King World News is pleased to break the news first in the world for our global readers that the World Gold Council has now confirmed the Chinese are going to back the yuan with gold.

he second thing I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency.

kingworldnews.com...

And is this why China and North Korea are talking of WW3 the last few days?

China is sitting on a huge amount of gold. By backing the Yuan with gold they will force nations to seek the return of their gold from the US who obviously doesnt have it. China is going to expose the US Federal Government for its lies in front of the whole world.

We saw what the west did to Gaddafi after he tried to introduce a Gold backed African Dinar. but China is no Libya. Doesnt seem like the USD has long left now.

edit on 24-1-2013 by stuntmanbob because: (no reason given)

Take the tinfoil hat off, you have forgot that we owe them a lot of money; Money that they want back and by "exposing" them, they wouldn't get it.

Originally posted by Krazysh0t
reply to post by miniatus

 

So China is just a powder keg waiting to explode. Yet this isn't good for the world markets either. We all know that what happens to one country economically ultimately effects the rest of them. Especially looking at China as a rising superpower. Once the bubble pops, China will come look to cash in on the debt that the US owes them since they'll be broke again. Obviously the US will be unable to pay and things will escalate from there. Just another card in the giant house of cards that is our world economy.

I don't pretend it's good for anyone at all .. I just like to point out to people who think that China is about to be this major economical leader .. it's trouble for everyone.. and definitely trouble for us since China owns so much of our debt..

reply to post by Krazysh0t


We won't pay China back. Problem solved.

As for the world economy tanking IF China bursts, meh... we'll just revamp our industrial output to make up for the loss.

Remember, we essentially exported our junk to the world. This happened with debt, and pollution. China took both as bait.

So we cleaned up our air quality a bit, and now can afford to screw it up a little until cleaner production/energy methods are utilized.

Problem solved, until another is yet created. Oh the humanity.

so, does that mean every chinese person, all 1.5 billion of them, can cash in their YUAN for gold?, and everyone that trades their currency?, and wouldn't that have already shown up in massive buying of the YUAN around the world on the FOREX?

China is just positioning itself for the collapse of the USA. Can't help you if you don't help yourselves.

The way USA buying itself out Quantitative Easing is the proverbial straw. but the general public is just to timid or blind not to see that. There are still time to fix its problems and I think China will be right along lending a helping hand but harsh measures must be taken. A poor USA is not in the Chinese interest but new loans for weapons will just made those Chinese stupidly suicidal.

Defense spending is the most stupid expenditure of the moment. Show some good faith to the world that you are on the correct path to dislodge that monkey on your back. Resume your social programmes, rebuild your infrastructures and house your homeless into those abandoned houses that are millions of units uninhabited.

The Chinese are many things but being ungrateful is not one of them. USA helped them a lot in the past during their nadir years and they still owed you one big time.

Lol what a joke. This smells like a scam to raise the price of gold. Does not look like it's working

Originally posted by unityemissions
reply to post by Krazysh0t

 

We won't pay China back. Problem solved.

Ok now our credit rating is shot to hell and no one will lend us anymore money. Seeing as how required expenditures in our budget (mostly social programs) costs more that we take in, how would continue to fund all these things? Not to mention the military budget isn't even factored into this equation which is close to another $900 billion on top of the required expenditures.

As for the world economy tanking IF China bursts, meh... we'll just revamp our industrial output to make up for the loss.

Remember, we essentially exported our junk to the world. This happened with debt, and pollution. China took both as bait.

You also forget that we exported our manufacturing base to China as well. How are we going to just truck along as you suggest when all our manufacturing base is overseas? All of it would have to be rebuilt and that takes money, which as I pointed out during your last point we wouldn't have.

So we cleaned up our air quality a bit, and now can afford to screw it up a little until cleaner production/energy methods are utilized.

Problem solved, until another is yet created. Oh the humanity.

Um no... You obviously have very little understanding of how economics works to think that blanket statements like the ones you made in your post would work. If that was the case then we would have been able to fix our problems years ago.

Originally posted by Arken
This is not good....

Fake gold bars in Bank of England and Fort Knox

One guess as to who the fakers are.

reply to post by stuntmanbob


This is not unexpected but it is BIG well done op.
S&F

Indisputable

this crap is all over...buy solid gold from reputable sources....especially the "gold coins" or "gold nuggets" in flea markets, and other fly-by-night sellers. have a living person that can be arrested, or a company that can be sued....too much money involved for not being diligent.

reply to post by miniatus


I totally agree with you. How does anyone know that China actually has what they report? Their entire system of government is built on deception and lies and unjust practices. They aren't the most transparent society on the planet.

People just want something new to freak out about. Anyone remember when Japan was supposed to overtake the U.S economy? LMOA

The writing has been on the wall for a few years now:

the US debt, the inability to control spending / credit rating reduction
FED buying US bonds (45 billion a month), many countries curbing purchases
central banks starting to mistrust other banks (Germany asking for some gold back)

To me, this appears that everyone is slowly trying to get as much out of the US as it can without starting a panic. Now as to all this talk of China becoming the new reserve currency - well they have large issues of their own to worry about. All this spending on natural resources to me is just China prepping for the global reset when the global economy crashes.

reply to post by MidnightTide

There was not a single country that would have applauded the alleged decision made by the Chinese communist government. Maybe no one knows about it, perhaps not even the Chinese. But it's true that the economic influence of the USA will diminish and China will replace it. When that happens some 20 to 30 years to the future, USD will no longer be considered a healthy world reserve currency.

America will never go to war with China; the US is only interested in attacking the defenceless.

America only wars with counties it can steal from. Russia will defeat America on US SOIL with the help of a few Arab countries. China will finish it.

The US has its day numbered and we the whole world know it.

Originally posted by fireyaguns

America will never go to war with China; the US is only interested in attacking the defenceless.

America only wars with counties it can steal from. Russia will defeat America on US SOIL with the help of a few Arab countries. China will finish it.

The US has its day numbered and we the whole world know it.

There's a HUGE misconception about China, and not just an economic one.. but also it's "might" militarily speaking.. Russia is arguably more powerful than China in that respect... and despite it's huge population.. China is no match for the US militarily .. but there's no reason for the US to go to war with China, nor is there a reason for China to go to war with us ... there's just some puffing of chests happening.. there's nothing to gain for either side..

China is sort of an infant in the world of being a super power.... not long ago they were nowhere near it ... so they are teething still.. and making huge mistakes! but not only that, they are trying very hard to control the population and censor their people and that's not sitting over well ... they are trying to project a much larger image of who they are than they actually are.