Sat Mar 23, 2024 11:33 pm by globalturbo
China Launching Gold Backed Worldwide Currency - Now the Americans will have to find a reason to go to war against China !!
Thursday - Aug 30, 2012, 12:55pm (GMT+5.5
According to an article, China is recasting all of
their gold reserves into small one kilo bars in order to issue a new
gold-backed currency. Many say this will disrupt global trade and will
eventually cause a collapse of the US dollar.
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 rushby 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.
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.
Initially 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 US Dollar 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 sizable portion of
the new 1-kg bars available for retail investors and wealthy individuals
in China. They will discard the toxic US Treasury 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.
http://www.indiavision.com/news/article/business/339477/china-launching-gold-backed-worldwide-currency--now-the-americans-will-have-to-find-a-reason-to-go-to-war-against-china
Thanks to: http://www.ascensionwithearth.com
