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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » China Launching Gold Backed Global Currency!

China Launching Gold Backed Global Currency!

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ymoilman2


China Launching Gold Backed Global Currency!
Posted By: Maryhrt [Send E-Mail]
Date: Monday, 13-Aug-2012 22:58:57
http://beforeitsnews.com/alternative/2012/08/china-launching-gold-backed-global-currency-2451114.html
China Launching Gold Backed Global Currency!
Sunday, August 12, 2012 17:14


There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.
Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’
Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS
China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.
Read entire article here..
http://news.goldseek.com/GoldenJackass/1340820786.php

[b]
[u]

Herb Lady

Herb Lady
Thanks YM!!!



Take care of the land and the animals and they will take care of you!

Come visit my site at:  https://onlynaturesmagic.com/

KathyD


Thanks for a great read! Sounds as if the dreaded D-Day is almost upon us!

terbo56

terbo56
It is 'hovering' as of recently- When it 'drops' is anyone's guess- spaceship

topspin2


"Drops" is quite the term. It could spell unimaginable suffering here in the US. Let us hope that our "helpers" have our backs. After all, this is Lucifers playground.

terbo56

terbo56
It's been 'Lucifer's playground' since the begining of time-And yes,There will be those who have our backs- And my response to Kathy D was spoken out of context- It will come when it comes, and we just have to be ready- Those that are weak, will need our assistance-It won't be as bad as everybody thinks, and there's no sense in adding on to a four story ant hill- :)

topspin2


Hmmmm Terbo, am I adding on or just giving out data? There is no fear here nor should anyone be fear based. The Creator will have his hand in ALL changes. But this does not mean that there will not be massive pain and suffering. Just take a look at the world. Millions and millions of children stave to death every year. many more are incarcerated, beaten and left for dead. Cancer patients are on every corner all around the world. This is DATA....FACT......So do I believe in someone riding in on a white horse...NO...and I think history proves this to be true. But this does not mean there is no Hope. Ahhhhhh....of course not. Care for those who need help, Love thy neighbor and help feed the poor.....Humanity....Faith.......Love.....Kindness...THEY are here.....and are walking beside us.....

terbo56

terbo56
Well I'll say this- Maybe there's something that I see that some don't? I agree with everything you have mentioned- I have been helping everyone, when I was a child,through school,along the years, and well beyond both my parents passing away in the last four years- Yes, I think I do understand- :(

topspin2


Yes, I think we both do and I think we may have a few things in common my friend....

terbo56

terbo56
I believe we do!

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