Today one of the top money managers in the world told King World News that Greece is standing strong on the shoulders of Russia and China. He also spoke about the road to $19,000 gold.
Stephen Leeb: “The
Chinese want to back their currency, which will become a reserve
currency, with gold. That will change the world’s monetary system. It
will turn the world's monetary system on its head because then gold will
suddenly become an official monetary metal….
“The
yuan will be the king of reserve currencies, even though they may not
be allotted a king size share of the IMF’s SDR. Regardless, people
around the world will want to own the currency that is backed by gold.
Greece Calls The IMF – "A Criminal Organization"
Turning
to Greece, people are wondering why the Greeks are being so resistant
to anything the Europeans are offering? It is because Greece feels it
has another alternative. Someone from Greece called the IMF a ‘criminal
organization.’ These are not the words of a weak country that is
negotiating with a giant. These are the words of a country that really
thinks it has a lot of leverage.
Greece Standing Strong On The Shoulders Of Russia And China
Well,
Greece does have a lot of leverage because they are looking to the East
to China and Russia, both of whom have been making overtures to
Greece. China already owns 1/3 of a Greek port and they want to buy a
full 100 percent stake in that key port. The Chinese will then send
trains through Greece, up to Budapest and to Germany.
And
Russia has already offered Greece a spot with the BRICS Bank. Russia
has also said they will build a gas pipeline through Greece, which will
go to the rest of Europe.
What
this says to me is that, ultimately, China’s concept of the East may
actually end up going further to the West. A Chinese/Russian alliance
may even go right to Germany. This might be the endgame. And Greece,
which basically divides East from West, is at a critical juncture.
The
bottom line is there is an inevitability of monetary hegemony and
economic hegemony by the East, in which China will play the lead role,
and an inevitability to a gold standard. This is one of the reasons why
Greece does not mind becoming independent because they know they can
become part of a currency that is backed by gold.
The Road To $19,000 Gold
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