www.silverdoctors.com
By AGXIIK:
We
double down on the most destructive form of financial ineptitude with
wild fire printing of FIAT currency, hollowing out our economy while
exporting inflation to nearly every country. China wisely doubles down and doubles down again Real Money.
After the Western powers, aided by gold stealing allies like Japan,
made off with well over 100,000 tons of gold China accumulated over the
last 3,000 year, they are not going to let this happen again.
Their military, ships, nukes and eye to making the South China sea
their own pond and defensible space, is not being developed to create
forward bases. It’s to protect themselves and make their country
inpenetrable from their former and present foes. This is a country
with a strong memory that reaches over 5,000 years. And they do not
appear to suffer from selective memory and collective amnesia,
something that we engage in at a wholesale rate. Those who forget
their history forget their legacies and lose their country.
China
gold stocks could easily top 10,000 tons. While worth ‘only’ $700
billion or so, this accumulation will soon be sufficient to lay down
the Yuan marker as an alternative currency. If the rest of the Chinese
‘Golden Horde’ allies rally behind the Yuan, we will be faced with our
own monetary existential problem. This is the real USD currency
collapse that so many wise minds talk about. One day the light switch
on the dollar will be turned off. The inflation tsunami will be
staggeringly large. All the conversations we’ve had about inflation and
the dollar collapse will be spoken in the past tense.
Whatever remaining dollar reserves held in China will be written off,
just like the Greek Bonds going through their third haircut in 3
years. In our case there won’t be the ECB, IMF and EFSF to bail us
out. If there is, we will not like their terms.
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