The reason why i think the urge people to buy gold and silver is because it sucks up money when the yuan goes into gold and silver buying. And in this way the chinese government can print more money as billions go into those metals.
I agree with but on one aspect, America no longer has a manufacture base therefor nothing we can produce and sell. We can't compete with Chinese prices nor we ever will, even worst, we have no gold either, nothing to back our dollar, once it drops from the 'world currency status' it will be virtually worthless.
We've been robbed by a corrupt government with their bankster henchmen. Want to enroll for free to buy precious metals on-line and take delivery? Call me: 435-881-5820.
How ironic that the "Communist" government which controls the mainland region of China is championing hard money, while the nominally "capitalist" government of the US in Washington is championing worthless fiat currency.
Like Saddam & Gaddafi the Chinese know the US dollar is worthless, except I don't think the USA will try a regime change move on China!
We are screwed if you don't physically hold Gold or Silver in your hands!
The world's government this winter are in a race to print money, all of them are going to print so much wall paper, watch the value of all paper go down the tube the next 1 - 3 years before it all crashes.
I think it has something to do with the shortening of their position in U.S. debt. They are only in 1-5 year U.S. bonds so all they have to do to get out is wait. They don't need to find a buyer. They know the U.S. will print to pay them back and this will make other countries want to abandon the dollar because they will see it loose value so fast. At the same time the Chinese will own gold to back their currency with. This will allow them to provide an attractive currency for global trade.
And that is why we are seeing so much increase in Chinese Investments in other countries (supports the claim @ 4:54). Better to get 1 dollar (or yuan) from a million people than 999,999 dollar/yuan from one person. The US has the capacity (though they seem to have forgotten that) to produce for themselves. These small countries China is investing in (giving out hand outs to) don't. So, do the math. More usable money throughout the world than in the US since its economy is about to implode.
aah ha!!! Exactly what I have been thinking for the past couple of months. It is always nice to see somebody else with the ideas/theories you came up with independently.
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And look at it this way lets play monopoly what happens after you finished the game ?
Thats right all goes back into the box now lets call this box economy or country.
What you think the war in libya is about ? two thing oil and the new currency the GOLD DINAR as a trade so what muammar muhammad abu minyar al Gaddafi was doing is taking the petrol dollar out off the monopoly game hahahhaha
Amerika would have to stamp gold dinar coins to buy oil or trade.
Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation
Hand it over or you will go to prison same law here in holland but not effective YET!
You're right China is building a gold reserve to back the currency. Central banks often sell their gold to their citizens and can call it back in a currency emergency.
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"fun to watch" ? it seems reasonable and due that some nation will overpass the u.s in world supremacy as america fails itself, much like the roman empire. BUT america cornered will unleash the greatest fury the earth has ever witnessed. sad times for us indeed.
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The British "Crown" (The LONDON CITY STATE) will confiscate your gold under the guise of the "Federal Reserve Bank" as they did in 1933. You will get about 10% (or less) than value. If you do NOT give your gold to the NWO they will arrest you. In the past the penalties were deemed harsh for "hording gold". TEN YEARS! This time around it will be FAR worse! If you don't give up your gold purchases you will be labeled a "terrorist". The NWO can't allow people owning REAL value all Willy Nelson!
very interesting mate cheers for posting your ideas.personally I think you make a very important point that makes total sense. If the Chinese government came out in the open with this type of idea in the future I wonder whether it would make Gold price sky rocket or plummet.
Looks like it won't be long before North Korea starts to bully and shit on US with China as their on their side as secret sponsor. That will be fun to watch. They may place embargo and sanctions on USA and blockade it from free trade (just the kind of things US is doing to them right now). US made too many enemies in the world... When a lion loses its teeth and claws... do you know what happens? All the hienas come out of woodwork and encircle the lonely old lion for a payback time.
Besides, the "officially communist" zones of China has a top corporate tax rate of 25% (and 0% in the "capitalist" zone of HK). Compare that to the "officially capitalist" USA which has an average corporate tax rate when you add in states of 38.2%, the HIGHEST in the developed world.
Glad I moved to China 2 years ago and fled the USA.
It was the best decision ever. You don't have to worry about communist control in the special economic zones or in the HK administrative region. It has a 0% corporate tax. But be prepared to find backup citizenship as the USA hunts down all freedom lovers around the globe.
This idea wouldn't work because when somebody sold something he would want payment in the physical gold and not in the paper. The paper currency would then lose value so that some people would accept more of the paper in place of the gold.
I'm speaking from bias, as I don't trust the Chinese govt. I think it simply could be that they want their citizens to buy as much gold as possible, then confiscate it later, replace it with fiat $, and corner the world market on gold. FDR did it in America in the 30's. They had an IRS agent go to every person's bank security box and replace their gold with fiat money. That's why gold isn't even the safest haven people think it is. One word from Obama and everyone's gold is illiegal.
I just cashed my payroll check today at a local currency exchange and was given $8 in $1 coins. I wonder if there is a trend starting to get away from fiat currency?
I think you are mistaken in thinking that minting gold currency that circulates in addition to the currency it's backed by somehow would not create inflation. More money in circulation = inflation. You'd see the price of 1 oz of gold go up relative to yuan. Can't make more gold, so the gold buying power probably wouldn't change, but the yuan would lose value. It's more typical in a gold standard that every unit is available *either* as gold *or* as paper. In your setup, the money supply doubles.
@tomoeDave Economists of every flavor believe they have " The Answer " < That isn't directed at you. My understanding is China wants to be the world reserve currency. If this is the case, as with all central banks, they control the quantity of currency in circulation. Although there would be a doubling, it would not lead to inflation. Initially my kilo bar is exchanged for legal tender gold coin or paper INSTANTLY redeemable next month for an = amt in legal gold coin.
to communists their gold is their population, the richer population becomes the richer government is. as for example they enforced child labor to win the worlds economy so now they all can enjoy it, so eventually their economy will go down, and to keep population from going back to old days when it happens, china government will start buying gold from people for cheep, gold will be then reproduced for new inventions like for robots micro cheeps and so on, which will start new Chinese economy.
Perhaps the chinese govt. can see, like any resonable person, that fiat money is doomed, and want to come out as the good guys who gave good advice before the crash.
i wonder if the chinese will be so bad as the americans in invading countries and sticking their noses in other peoples business .i suspect that they will be the same but maybe we will never know . it is the future
great video ! i think the chinese would love it if the renmimbi was the worlds reserve currency . looking back at the olymics we witnessed china going to extreme measures to impress the world . im sure that they think that the world would be very impressed if their currency became the leader of currencies .
it just makes good sense to have pools of inflation proof savings laying around the countryside . for a rainy-inflation day. i cannot fathom why the western leaders are not encouraging same
HAHAHA WE FUZCK YOU UP AMERICUNTS BUY ALL YOUR GOODS AND BUY WHOLE WORLD HAHA WE ARE RICH YOU CANT SLEEP.WE HAVE MOST OF USDEBT WE BUY YOUR LIVE WITH YOUR OWN DOLLAS HAHAHAHA
EXCHANGE YOUR MONY IN GOLD AND GOODS AND YOU SUCK PAPER DICKS HAHAHA DUCKS IN PEKING MAKE BETTER BUSINSS AS USA HAHAHA
Uhhh, if you convert the 1oz gold coin into an acceptable currency format such as an 8,000 yuan panda coin, and then you spend that coin into the Chinese market, you have just doubled the Chinese money supply, so your arguement makes no sense.
I had always thought there was more behind the Chinese govt's encouragement but my thoughts went in the direction of outright confiscation. Your theory is much more elegant in that both parties make out and are happy in their trade. Add that to the Chiese minister announcing that they would cut their dollar reserves to 1/3rd current levels and we are caught in that Chinese curse "May you live in interesting times"
Chinese people save money in banks, banks buy US bonds, from which when you sell you get dollars.
They are encouraging people to transfer their wealth from US dollars to gold so when dollars goes to shit China don't go down with us.
The Chinese government can dump bonds at us but it's more subtle if people invest in gold, slowly build up in the next 5-10 years. The result: we are fucked.
@ArgentThug Hi there. You touched base on nice topics. The financial term will be "hedging." China only bought US currecny and equivalents so their rising Renminbi can stall behind the US and not hurt export trade-off value. They also wanted to hedge against a US default as you stated by buying precious metallic commondities, but even with the bustling $285B in reveue they make, they can not fully offset trillions in foreign investments if those fail so they urged the citizens to do the rest.
The reason is because China knows that the US is defaulting on their loans to US. Th means that in the future, US$ will become completely worthless. Obviously, China is not happy about that. But it can't help it, as China workers are paid in US$. Thus Chian wants their citizens to spend and GET RID of US$, and get gold, which is much more stable. So when one day US really defaults, China would not lose too much of their reserves.
You want me to teach you some english? LIVE and leave. Working in game industry but can't properly write in english. What do you there? Sweeping rubbish?
You guys live in fear, you guys need money,pay taxes, monthly pay your house. It's good that France teaches poor people like you to shut up. Only the rich make orders in France while poor class like you shouts in streets like retards.
2700 is janitors work. Get a life instead of trolling.YOU.
@VulnarKawarZ Haha,losers. If you've failed badly in your life, don't share it here. How much do you earn huh that you need to troll here? I can give you some money if you want beggars
@VulnarKawarZ dude, I don't speak with idiots. If your life is a horrible one, and you amount to nothing except a Phd in vulgar words, keep that home. No one cares.
I think the reason they are, and we are promoting the buying of gold is, the pound, dollar, yuan, ect.. will all fall, thus, forcing pple to buy the new currancy. The 1 world government currancy.
@VulnarKawarZ yea... Chinese are a cruel society, too bad the average American when presented this issues just say God bless America and Capitalism...
@VulnarKawarZ Well we in the US used nukes to kind of show the fist to everyone else in the world like a bully stealing their lunch... China modestly sway its huge population into the right direction, to get rid of the bully. Its hard to hate your opponent when you know you are in the wrong. If they take our place as the wrc, lets just kick the feds and close our oversea bases, we will still be rich.
I did find it very interesting however my only concern with China having a backed gold currency is that there wouldn't be that much liquidity in the market due to its scarcity of the backing resource. I am a bit ignorant about China and do not know what natural resources do they have in their country but I understand they are pillaging the African Continent of their natural resources at the moment. China has over a billion people! How much gold is needed to have a very liquid strong currency?
@Supermiranda78 I am a bit ignorant about America and do not know what natural resources do they have in their country but I understand they are pillaging the Middle-east of their natural resources at the moment.
The chinese are very smart and understand how to prosper going forward into the future.Their citizens will finally be rewarded or all their hard WORK.They manufacture we consume.We live for today while the chinese live for the the future.They hoard commodities,an example is we ship them uncut raw logs only to see them sink them in their waters for preservation.We should learn from them as they become the number one super power and we slip into the third world
@deandotdot That's a lot of hype. Have you even toured China? The GDP per capita is still equivalent to an African country. The only revolutionary system China has that we don't is a billion cheap laborers. Why does the economy have to grow, grow, grow? We need to scale back and start thinking about local, light-weight automated manufacturing to get our products from nearby and stop promoting this out-of-control infestation of the planet with more humans.
@deandotdot BUT at the same time will those that have been treated so poor;y / or died / old age ever see the work of their hands? probably not ... Atleast in the west we have an average ok existence...
@jamesgresley Hi. While deandotdot might be slightly off in his/her assumptions, here is my view since I live and work in the US and Shanghai. Most people on here hate chinks because one, they are already racist, and two, the US government (especially the GOP) points the finger our way. Your comment about "not caring for our citizens" is tough to swallow as we are not of the "Mao" culture 30 years ago. However, we will NEVER be Democratic either regardless of pressure. Why? It is not us. CONT>
@jamesgresley China's long history never reflected Democratic rule as there was always a dynasty with one ruling party and one supreme emperor just like the Communists today. We pay dearly at times and overthrow the ones that are bad, but we have always had open trade. Uneducated folks say EVERYTHING is Chinese. Really? We do not own Apple, GM, Chevy, Louie Vutton or 27000+ companies we make things for. We PRODUCE things. We did not cause the $10T pissed away by the US, the US Congress did.
gold went down to 380 in the 80s. you realize whay buy at 1300 would do if in 10 years gold drops back down to lets say 700? The truth is you cant buy food with gold. Its basically worthless. You will never get the full vaule of gold unless you trade on the market. You need to think harded. You keep the gold , ill keep my food.
This is because you compare gold to its US Dollar value. At the end of the day, it's the dollar which is changing in real value, not the more in reality based purchase value of gold. And the biggest importer of Chinese goods is not the US anymore, but Europe and the rest of the world. Hence protection from the dollar collapse!
china is going to be real problem... they arejust too many if they get to be a world poer they will suck the worlds resources and the western banks will be responsible because they want chinese slaves, once they get to the top they will be worse then usa, war mongering, arrogant,dont respect international laws nothing, no freedom speech, anything, supplying the world with 2 rate goods forever, while destroying the planet, again so that rich can make a kill
@badsign1980 Get real, how long has the west been sucking the world's resources? Like forever. Chinese don't like war, you obviously don't know anything about them. As for respect, haha. The west and respect don't go together. As for destroying the planet, well, the west has over 100+years head start over everyone else.
Excellent explanation! The Chinese gov't would be trusting in its people to keep the value of the yuan more stable by purchasing precious metals- thereby also keep in circulation the yuan and backing it by the faith and trust of the chinese People who have invested in the precious metals- gold and silver and essentially the "people" being the "Fort Knox" of the Chinese gov't..Doing as our USA govt does of hording it . . .does not allow for the important aspect of circulation of paper currency!
I think it's an excellent idea. although the idea of private companies in los angeles asking people to turn in their empty aluminum cans for money at dispensaries is even better. what do you think? Think about it, you can turn in an empty soda can for money!!!! What an excellent idea. Screw gold. I will go with what California does.
I have suspected the same thing for quite some time. Although, I would add that the Chinese would not suffer if they build enough domestic demand. If they are producing and selling in the same currency, they will not have to rely on exports as they have in the past. So a currency of gold and silver would be an excellent long term strategy.
China offers its citizens free melting of their gold into coins then slowly removing these coins from the market as they enter banks, further adding to China's stockpile of gold and leaving only paper currency in the market.
It's a win/win for China as their citizens are stripped of real wealth.
China already stockpiled steel years ago making a killing off of us westerners.....how many factories and even companies closed up shop thanks to the too tempting low cost and inexpensive labor? We already have shown we simply cannot exist without their cheaply manufactured exports so even if we had a tantrum and decided not to buy from them anymore...who would we buy from?
No matter what they do..printing their own coins ,strengthening their own currency/buying power or not. we carry on
One way or another China is a contender for having the top holding of gold and silver. They also happen to be a leader or at least one of the leaders in the industrial usage of silver. Does anyone foresee the world ceasing to use silver the way it does now anytime in the near future? If so, what will they replace it with? If nothing else, they will ensure they remain able to use silver until it runs out and at these current rising albeit low prices
The problem with flaskofcoffee's solution is that China has to issue gold coins with a yuan value equal to the current market price of gold. That's impossible if the Chinese central bank keeps inflating the money supply and driving the price of gold in yuan upward. A better solution is that gold producers have bribed/convinced Chinese politicians into promoting gold ownership, allegedly to encourage job growth in gold mining. The Chinese state is just stupid.
There would be no doubling of the money supply. The yuan would be backed by gold, a gold standard. This doesn't actually introduce any new money into the economy, it secures what's already in circulation. Liquidity is based on trust. The money supply expands on debt/credit which is based on confidence of repayment. It is important to differentiate between real money/wealth (exchangeable goods/store of wealth) and fiat currency (medium of exchange). Gold/silver = no counterparty risk.
This guy has NO IDEA what creates inflation if he claims that doubling the money supply in China (by officially accepting gold as legal tender money as per his example) will not force prices within China to rise when double the amount in circulation is chasing the same goods. NONSENSE
"Do you think they're doing that because they can't think of anything else to do with their free time?"
No, but I'm sure they don't know what to do with anymore 'free money' - depositor's money from frugal Chinese citizens. Who in their right mind would buy anymore government debt, or hold any investments in US currency? So why not tell people to go out shopping? Buy gold? Sure, nice and expensive, plus holds its value pretty well. Why not?
Rothschilds can manipulate fiat/gold/silver/etc. any way they like. Guns, ammo, food, water, shelter are what these cocksuckers fear and desperately seek to control. We need guys to start smuggling in RPG's, Mortars, shoulder held SA7's to take down low flying aircraft.
They have the best of the best guarding their estates and offices. It's way past time they R slaughtered. You special forces guys...instead of killing talibans, kill some bankers and ceo's of Monsanto/Haliburton/Bechtel et
@BuySilverCrashJPM Always a pleasure to watch the slaves of one country wish misery on the slaves of another. Do agree with you about the nature of Karma though. May it not catch up with you.
China is particularly interesting. NWO kingpin David Rockefeller has stated he thinks china is the best example of good government. It would not surprise me they make other countries over in its image of communism. The NWO has learned that straight communism also fails to and is currently trying a combo of communism and capitalism. Rockefeller's man, Maurice Strong, lives in China. The international bankers have helped china with development the last couple of decades.
Coming back to your point on cheaps of cheap plastics/electronics to the US. It would be interesting to the views of the Chinese government on peak oil and peak minerals. Certainly they are going around buying up mountains of mineral deposits while they can so they have identified a problem.
If they think that oil prices are going to rocket within decades due to lack of supply, and minerals prices similarly then they would surely have to develop the domestic markets.
Coming back to your point on cheaps of cheap plastics/electronics to the US. It would be interesting to the views of the Chinese government on peak oil and peak minerals. Certainly they are going around buying up mountains of mineral deposits while they can so they have identified a problem.
If they think that oil prices are going to rocket within decades due to lack of supply, and minerals prices similarly then they would surely have to develop the domestic markets.
@alexjlennon alex there is another possibility here. The Chinese are long-term thinkers and have for the last 60 years along with Russia been put on the back fence as far as the whole globalist planning has gone. Yes, China has been buying gold and against this fiat currency no longer has a derivative market hence the whole global warming scam. But deep oil wells as in Russia and Vietnam have proven the fallacy of peak oil. So, notably what currency are the Chinese buying things with?
well lets see. A democratic country have taken away the gold it's citizens owned. This was the USA, home of the proud the free....whatever else they call themselves. Now China is a communist country....see where i am headed. But your idea makes more sense. Chinese may actually have their citizens helath and welfare at heart as well as their own power. Something the USA do not. The USA's actions in the last 50 years have been insane. I think the Chinese win out here no matter what.
@DoYouThinkForUrselF The bigger question is pre-emptying the end game of globalism. America works for the Crown and the usual play is to keep one half of the world as a consumer and the other half as victims. Capitalism and all the `isms' were just taking gas out of one car to drive another. Nothing was ever created and it had nothing to do with equality, democracy or freedom. It was a scam. The Chinese know this. What you're now is the age of a new dawn. The sun rises in the east not the west.
@stargate669 good points. America is on it's way to a 3rd world country. China is on the rise. I like your idea on the half consumer half victiim world, it's so true. It's all about control and power they are just switching things now. My question is will they succeed, change is in the air and these people took God out of the equation. Look at our sun, the earth's magneticsphere and all the other earth ativity that goes along with that. Plans don't always work out.
Fucking bullshit 1 yen is worth more than the hyperinflated us dollar 1 US Dollar is really with 2.3 Cents. The countrys debt is out of control even after milions kicked out of their homes. American Government sucks they give a fuck about no one else than its corporations and this will be the destruction of the corporation shareholders directly at home while in the shower. Mark their word. Ive heard and have seen it. Its not good for them.
@teslaglobal He's talking about the nature of fiat currency and the essential nature of what money is not the value you are referring too. When the fed produces notes every one creates inflation which is paid by you to them and the IRS. Both private banks working for the crown. America always was a corporation owned by the East Indian Tea Trading organisation. Refer to Chris Story on Youtube and see how one representative offered this month to buy your countries debt with gold.
What you are saying will for all practical purposes put China in the gold standard. Initial a 1 Yuan gold coin may exchange for a 1 Yuan note but if the people suspect that the government is printing more then more notes will be demanded for gold. The Chinese Monetary Authority will lose power over the money.
@82abhilash If this was true why is it then that America continued for so long after 9/11? All the gold was looted on that day and frantic gold trading took place 2 years ago prior to the so-called bank bale out. All this took place out of the media's eye and after hours and over the weekend. `Money' is essentially a belief and no-one really knows what it is. Americans have to make a decision do they want to die in lies or stand up for the truth? The whole system is corrupt so it is a challenge
@stargate669 Not true, people have a good idea what money is. The best essay on the Origins of money I have seen so far is On the Origins of Money by Carl Menger. Money is an outcome of human interaction. It is a product of human action and impacted by all human action. But it is not the product of human design. It is an emergent phenomenon. Like a flock of pigeons, no single pigeon can decide what the flock is, yet without them there is no flock.
@etniks69 You mean the majority of people have no idea what money is. Ok. But then again the majority of people have no idea about medicine only doctors do. Yet it is important to all people. You said, '`Money' is essentially a belief and no-one really knows what it is.' Not true. Read the paper I referred to by Carl Menger.
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They want us to go to a cashless society. It goes way beyond what you are all saying here. In a cashless society the money can be controlled right down to the basic levels. There can be no private selling or bartering between peeps anymore, and the Govnt will get its tax cut on EVERYTHING. LOOK AT THE DEBIT CARD. Its already in place people, wake up. This gives them huge amounts on control, as they can simply turn "off" your card. Devaluing currencys is the first step, USA is the biggest.
@AmmericanPsych0 Because all the elites are inbred, there lineage goes way way back, they are all related somewhere. This dates back to the times of the Knights of Templar. There is no money in peace. The great depression was over with because of WWII. War creates jobs and huge money for the corporations, it also asserts their power of control over smaller nations. Look at a globe see where Afghanistan is and Iraq....whats in the middle people??. Exactly. Perfect strategic points.
@boipinoi604 No your missing the point. Read the history of the Knights of Templar and how they just vanished. They reorganised into something else and those blood lines still run today in like you said the modern day elites.
@dinglenutzz I wouldn't call the modern day elites a bloodline of the Knights of the Templars. They vanished because they had too much power and the people felt threaten so they burnt them at stake left and right. Come on, to be in the modern day elite you would need to step back 200-300years from now where banking systems were at it's infancy. And there were the Rothschild, who sent his 5sons to be the money changers around Europe and effectively today owns a vast amount of wealth..500tril+
@boipinoi604 The banking system dates back to the time of the Romans, Constantine was one of the first to use a real currency and have a tax/banking system. Dont use wiki as an info source. You see that they were disbanded as they became almost rogue a law unto themselves. Thats exactly the bloodlines brother, the Rothchilds,Morgans,Rockefellars,Hunts etc etc. Theres speculation that the stonemasons could be part of this. Its somethihg we will never know for sure as "they" dont want us to.
@dinglenutzz Banking at it's early stage were merely blacksmiths who held the gold they casted at a price. At which point, they notice people were hardly redeeming their gold but using the certificates as a medium of trade. Back to the Rothschilds, they could not possibly the descendants of the Templars because the Rothschilds are semitics.. See, Hitler knew what was going on with the dangers of the banking carters, so he tried to eliminate their ethnicity.
They took their name from the red shield or hexagram/Star of David on the front of their house in Frankfurt. The Star of David or Seal of Solomon is an ancient esoteric symbol and only became associated with Jewish people after the Rothschilds adopted it for themselves. It has absolutely no connection to "David" or "Solomon", as Jewish historical sources confirm. The Rothschilds are one of the top Illuminati bloodlines on the planet
@boipinoi604 Official history is merely a veil to hide the truth of what really happened.
Take the Rothschilds, the bloodline formerly known, among other names, as the Bauers, one of the most notorious black occult bloodlines of Middle Ages Germany. It became known as Rothschild (red-shield or rotes-schild in German) in the 18th century when a financial dynasty was founded in Frankfurt by Mayer Amschel Rothschild
@boipinoi604 Absolutely. Its from a book, those were photocopys I took when I was doing my Thesis on Dynastic Families at the turn of the century. Ill have to do some digging to find you the title and author of the book. Gimme a bit and Ill dig it up for you
I do know its not in print and actually was shutdown from printing by some unseen force.
@dinglenutzz Thanks yo. All my info just came about out of my curiosity + youtube. It's not post-highschool institution material, but if you know what to look for, usually youtube has some good content.
@boipinoi604 Ok the book is called "Was Hitler a Rothschild" By David Icke. Now be careful when reading David as he gets a little wacked out. I think hes been doing this for to long and has started to mix reality up a little bit with what he is researching. But his history is very accurate its some of the other things he thinks I think hes a big wacked out. You will see what I mean dude. LOL
@dinglenutzz Just so you know. I dont take any of these materials as "the word". I like to play devils advocate as I honeslty think there is more to this world and how its run then we think. I think they are pulling the wool over are eyes and raping our countrys world wide and using us sheep for their own devices to further their own greed. I think we the people need to wake up and take back what is ours and stop with the "not my problem"...its all of our problems and we better act soon.
@dinglenutzz wait, did he do a cliff high interview? because for a moment he appears to be a logical person with statements backed up by facts..until he starts talking about humans' true life-span is 900years; the moon being manipulated to induced a major ancient flood in order to reduce human population 13000years ago; skipping the moon to live to mars.. yea I think that's the guy
@boipinoi604 Yeah man hes a bit wacked out. But under the fairy tales is some truth. Like with all these people man, you have to seperate fact from personal opinion. Im trying to find the other authors, if I can, what he says (other than the LSD stuff) falls in with the other authors facts. Im just trying to discover the "reality" not this Matrix BS they have painted for us to beleive and accept. It doesnt sit right in my Gut. Kinda like Neo "What is the Matrix?"
@dinglenutzz Tell you the truth, this isn't exactly what I was looking for at first. I was merely searching for ways to make my money grow through investment, so I found gold/silver then I found the beginnings of gold then I found how money is debt then I found the banking system then I found the banking cabals then I found the elites- or so just you kind of just here ramblings about them.
It's more like the movie Fight Club, everyone is a slave until debt is wipe out.
@boipinoi604 The more I read and dig the more I beleive/doubt. Either somethings not right and its going to get really rough in the future or we will just tick along as usual. History though has shown huge ripples in civilization and only tech has allowed those ripples to be wider as we age. We are less self sufficant and more dependant now on them> From what I hear Silver is the way to go. Gold is horded to much but Silver is used in lots of everyday items.
@boipinoi604 Not exactly. The economic unit was always man. This is why you have a birth and death certificate and passport and a census. They need to determine their wealth i.e. you! Fiat currency and gold transactions are based on your earning potential. Banks don't produce money. Your parents and yourself do! No war takes place without reparations and deals with the loss of people i.e. money. At the end of every civilisation there must be war so the banks benefit.
@dinglenutzz The point to note is you are the economic unit always will be and are much more than you think you are. Learn a wide range of skills while you can and be as self-sufficient as possible. Every human needs the basic things food, water and shelter. Your govt are taking this away from you as much as possible and making daily living harder and harder. They're crooks not you. Learn to barter and gather those around you who have a wide skill base.
@boipinoi604 The notable thing about fight club is they showed the twin towers fall before it happened. Look at the matrix and you'll see Neo Anderson = Sun of man was born on 9/11 on his passport. All this stuff has been pre-orchestrated. The twin towers represent joachim and boaz the twin temples of Solomon and the beginning of a new age. i.e. the end of America and the west. Debt is an essential part of the lie that is capitalism. Gold is never given to people as a transaction.
Your theory sounds logical but the same can be said of the US Mint trying to do the same thing buy selling its gold via American Eagle or Gold bison. Why isn't the US following suit and instead keep interest rates low?
China has soared ahead of other nations to become the world's leading gold producer.
If they get US gold-mining technology, they could easily double production just on the mines they now have.
They are comfortable w/ gold selling in the $1200 to $1400 range - as they are not a real exporter of gold except in the area of gold jewelry where they're on the road to becoming the world's leading producer. If prices go higher their craftsmen are out of work
Compound this with the fact that the Chinese middle class are looking for a safe store of wealth. Their banks interest rates are lower than inflation. They lose money leaving it in the bank. Taking Chinese money out of China is difficult due to capital controls. This means they must invest locally in either property and stock markets. Both of these are in massive bubbles and suffer period violent price shocks. The Chinese are well aware of this. So gold and silver give them options and security.
That's correct. And this process is not malevolent. Everyone wants security. The Chinese have recently have suffered from a long lasting period of chaos. The desire for security is hence much stronger.
Well, if this is what is happening (and I think that it makes perfect sense), there won't be enough gold to back the yuan unless the price of gold goes up in orders of magnitude.
Remember that all of the worlds gold is only about 400 billion dollars which is hardly enough to back an entire national currency.
I agree 100% with everything except the USA producing things for export to Chia (or anywhere else) we have no manufacturing anymore and it would cost billions to get the factorys up and running again..no one has the cash on hand to do this, if it were to happen there would be an Ameri-Mart on every block in China
@dgl1962 Gold!! Ask yourself this: If there is some sort of global crisis, what is gold really worth? The best you can say is: I can trade it for products or services. Gold is not energy, gold doesn't grow crops...it's a form of exchange. Fiat currency is also a form of exchange!
FIAT currency can be printed into oblivion, it is not comparable to precious metals.At this moment, you're right, fiat paper can be used to exchange for goods & services, but did you know that it has lost about 15% of its value compared to the other currencies in the last month? That's a lot less goods & services, isn't it?
George Soros bribed his way to Portugal using not paper dollars of some war ravaged economy, he used gold.Keep your paper, I'll keep my gold that's worth 2.25 X what I paid.
@dgl1962 You CAN'T print fiat currency into oblivion if the demand is there! You're buying into speculation and YOU are the reason the dollar's value is declining. Don't you get it? You're lowering the demand for the USD. You're on China's side now. And if you bear no allegiance to America take your gold and go to portugal with that country hopping bastard.
@joe4606 My buying gold is a reaction to currency debasement, not the cause of it.The fed has reduced the purchasing value of the dollar over 95% since its inception.Prior to the fed and its intentional inflationary policies, the dollar and gold were at the same level for over 80 years.
Was it "speculators" that destroyed the Reichmark in 1923? no you fucking idiot!, it was a policy of PRINTING MONEY WITH NO LIMIT AND BACKED BY NOTHING
Keep your paper and see where it gets you, I'll keep gold.
@joe4606 Those "who have no allegiance to America" are advocates of a currency backed by nothing but paper and ink, like you.
You are the traitor, you are the reason that our nation has trillions of dollars in debt that will be paid by the value taken from your pension or social security.
I guess that "JOE 4606 is smarter than our founders when they said that the cuurency must be backed by gold or silver only.
I know the real reason that you hate gold, YOU CAN'T AFFORD IT!
@dgl1962 ARE YOU CRAZY??? Just stop it!! Think globally. Get out of your backyard for once. For years China has been valuing the yuan bellow the dollar and stealing our jobs. And you point the finger at me?..I buy treasuries. I didn't jump ship like a rat to go buy gold.
@joe4606 There is a benefit to having individual currencies, they act as a firewall to prevent the spread of default like we're seeing today in Europe and the Euro.
China has not been "stealing our jobs", greedy, shortsighted unions have given them to them.
If you call me a rat for buying gold, I'll call you a fool for buying treasuries.
@dgl1962 Individual currencies are the cause of default. It allows one county to say to another country that their currency isn't good enough. I'd even go so far as to say default wouldn't excist if fiat currency was used to its full potential.
@dgl1962 I take that back, you can print fiat currency into oblivion, but the entire world has to be employed. You've NEVER seen inflation. Zimbabwe was the absense of demand for their currency. What China is trying to due to us now. What you think is inflation is actually ALL supply and demand...the vanishing supply of fossil fuels (energy) and increase in demand has been causing the price of goods to rise over the years. Not inflation. Get back into the dollar!!!
You do realize that the Chinese make about $6,000 per year, so for the US to become competitive, we must make less than that, so much for your jobs theory.
You'll just have to consider me an "unpatriotic rat" whose beliefs match that of our founders (who were true patriots) regarding money.
You can enjoy riding your treasuries and dollar to the ground as if they are a falling safe.
@dgl1962 If our founders could have imagined the money velocity and world trade of today then they absolutely would have chosen fiat over gold standard. Hands down.
The reason why i think the urge people to buy gold and silver is because it sucks up money when the yuan goes into gold and silver buying. And in this way the chinese government can print more money as billions go into those metals.
Econofresh 3 weeks ago
I agree with but on one aspect, America no longer has a manufacture base therefor nothing we can produce and sell. We can't compete with Chinese prices nor we ever will, even worst, we have no gold either, nothing to back our dollar, once it drops from the 'world currency status' it will be virtually worthless.
changrider 3 weeks ago
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TulaiMr 1 month ago
A simpler explanation exists:
Chinese government is supporting the buying of commodities by it's population which results in high demand.
Soon that demand will end because of lack of purchasing power by them, ending in a greater supply.
As commodities drop in price, chinese gov will be buying it from the panicked populace, filling their coffers and rising their value again.
By then, they would have successfully transferred a great portion of wealth from the people to themselves.
Simple.
MardukMarx 2 months ago
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MardukMarx 2 months ago
CHINA U ARE MONGOLOIC WHORE OF ZIONIST
unfukkkmee 2 months ago
How ironic that the "Communist" government which controls the mainland region of China is championing hard money, while the nominally "capitalist" government of the US in Washington is championing worthless fiat currency.
thechinadesk 2 months ago
I will tell you WHY the chinese Govt wants it people to save in gold!
They are shit scared of their people! Watch tank man!
The Chinese economy is a LOT worse that the US house prices have exploded!
Again Watch the movie "Tank Man" scary stuff
Tomta20012 2 months ago
Like Saddam & Gaddafi the Chinese know the US dollar is worthless, except I don't think the USA will try a regime change move on China!
We are screwed if you don't physically hold Gold or Silver in your hands!
The world's government this winter are in a race to print money, all of them are going to print so much wall paper, watch the value of all paper go down the tube the next 1 - 3 years before it all crashes.
moviematcanada 3 months ago
I think it has something to do with the shortening of their position in U.S. debt. They are only in 1-5 year U.S. bonds so all they have to do to get out is wait. They don't need to find a buyer. They know the U.S. will print to pay them back and this will make other countries want to abandon the dollar because they will see it loose value so fast. At the same time the Chinese will own gold to back their currency with. This will allow them to provide an attractive currency for global trade.
ArmednSafe 3 months ago
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Adriaan1950 3 months ago
And that is why we are seeing so much increase in Chinese Investments in other countries (supports the claim @ 4:54). Better to get 1 dollar (or yuan) from a million people than 999,999 dollar/yuan from one person. The US has the capacity (though they seem to have forgotten that) to produce for themselves. These small countries China is investing in (giving out hand outs to) don't. So, do the math. More usable money throughout the world than in the US since its economy is about to implode.
BKamron 3 months ago
aah ha!!! Exactly what I have been thinking for the past couple of months. It is always nice to see somebody else with the ideas/theories you came up with independently.
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THERollyboy123 3 months ago
And look at it this way lets play monopoly what happens after you finished the game ?
Thats right all goes back into the box now lets call this box economy or country.
What you think the war in libya is about ? two thing oil and the new currency the GOLD DINAR as a trade so what muammar muhammad abu minyar al Gaddafi was doing is taking the petrol dollar out off the monopoly game hahahhaha
Amerika would have to stamp gold dinar coins to buy oil or trade.
USA would be bankrupt
hslot4 3 months ago
Havent you learned anything from history ?
Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation
Hand it over or you will go to prison same law here in holland but not effective YET!
Your gov will take it from you
hslot4 3 months ago
You're right China is building a gold reserve to back the currency. Central banks often sell their gold to their citizens and can call it back in a currency emergency.
sang3Eta 4 months ago
they are just trying to consolidate wealth in there country.
Doversreturn 4 months ago
Hell yes its going to work......we are going to be the ones making shoes and plastic toys for the more value economy of China in the near future.
drshoals100 4 months ago
gold coin value 500 yuan in 1982 now worth 8000 yuan, good investment !
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vanessablackjack 4 months ago
"fun to watch" ? it seems reasonable and due that some nation will overpass the u.s in world supremacy as america fails itself, much like the roman empire. BUT america cornered will unleash the greatest fury the earth has ever witnessed. sad times for us indeed.
dutchdettweiler 4 months ago
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willworkforhorses 5 months ago
The British "Crown" (The LONDON CITY STATE) will confiscate your gold under the guise of the "Federal Reserve Bank" as they did in 1933. You will get about 10% (or less) than value. If you do NOT give your gold to the NWO they will arrest you. In the past the penalties were deemed harsh for "hording gold". TEN YEARS! This time around it will be FAR worse! If you don't give up your gold purchases you will be labeled a "terrorist". The NWO can't allow people owning REAL value all Willy Nelson!
t4705mb6 5 months ago in playlist BUY GOLD AND SILVER 3
very interesting mate cheers for posting your ideas.personally I think you make a very important point that makes total sense. If the Chinese government came out in the open with this type of idea in the future I wonder whether it would make Gold price sky rocket or plummet.
MrMrBilko 5 months ago
Looks like it won't be long before North Korea starts to bully and shit on US with China as their on their side as secret sponsor. That will be fun to watch. They may place embargo and sanctions on USA and blockade it from free trade (just the kind of things US is doing to them right now). US made too many enemies in the world... When a lion loses its teeth and claws... do you know what happens? All the hienas come out of woodwork and encircle the lonely old lion for a payback time.
UnitedKorean 5 months ago 8
Besides, the "officially communist" zones of China has a top corporate tax rate of 25% (and 0% in the "capitalist" zone of HK). Compare that to the "officially capitalist" USA which has an average corporate tax rate when you add in states of 38.2%, the HIGHEST in the developed world.
Cyrus255 5 months ago
Glad I moved to China 2 years ago and fled the USA.
It was the best decision ever. You don't have to worry about communist control in the special economic zones or in the HK administrative region. It has a 0% corporate tax. But be prepared to find backup citizenship as the USA hunts down all freedom lovers around the globe.
Cyrus255 5 months ago
This idea wouldn't work because when somebody sold something he would want payment in the physical gold and not in the paper. The paper currency would then lose value so that some people would accept more of the paper in place of the gold.
harrynking777 6 months ago
I'm speaking from bias, as I don't trust the Chinese govt. I think it simply could be that they want their citizens to buy as much gold as possible, then confiscate it later, replace it with fiat $, and corner the world market on gold. FDR did it in America in the 30's. They had an IRS agent go to every person's bank security box and replace their gold with fiat money. That's why gold isn't even the safest haven people think it is. One word from Obama and everyone's gold is illiegal.
999klondike 6 months ago
I just cashed my payroll check today at a local currency exchange and was given $8 in $1 coins. I wonder if there is a trend starting to get away from fiat currency?
epw0003 6 months ago
Indians always invest in gold .... U can always see Indians wearin gold ornaments, its a fashion followed frm thousands of years before ....
kewlkarthi89 6 months ago
I think you are mistaken in thinking that minting gold currency that circulates in addition to the currency it's backed by somehow would not create inflation. More money in circulation = inflation. You'd see the price of 1 oz of gold go up relative to yuan. Can't make more gold, so the gold buying power probably wouldn't change, but the yuan would lose value. It's more typical in a gold standard that every unit is available *either* as gold *or* as paper. In your setup, the money supply doubles.
tomoeDave 7 months ago
@tomoeDave Economists of every flavor believe they have " The Answer " < That isn't directed at you. My understanding is China wants to be the world reserve currency. If this is the case, as with all central banks, they control the quantity of currency in circulation. Although there would be a doubling, it would not lead to inflation. Initially my kilo bar is exchanged for legal tender gold coin or paper INSTANTLY redeemable next month for an = amt in legal gold coin.
SethVandenberg 7 months ago
to communists their gold is their population, the richer population becomes the richer government is. as for example they enforced child labor to win the worlds economy so now they all can enjoy it, so eventually their economy will go down, and to keep population from going back to old days when it happens, china government will start buying gold from people for cheep, gold will be then reproduced for new inventions like for robots micro cheeps and so on, which will start new Chinese economy.
9dark96angel 7 months ago
Perhaps the chinese govt. can see, like any resonable person, that fiat money is doomed, and want to come out as the good guys who gave good advice before the crash.
mortalisk 8 months ago
i wonder if the chinese will be so bad as the americans in invading countries and sticking their noses in other peoples business .i suspect that they will be the same but maybe we will never know . it is the future
throwerofturds 8 months ago
great video ! i think the chinese would love it if the renmimbi was the worlds reserve currency . looking back at the olymics we witnessed china going to extreme measures to impress the world . im sure that they think that the world would be very impressed if their currency became the leader of currencies .
it just makes good sense to have pools of inflation proof savings laying around the countryside . for a rainy-inflation day. i cannot fathom why the western leaders are not encouraging same
throwerofturds 8 months ago
HAHAHA WE FUZCK YOU UP AMERICUNTS BUY ALL YOUR GOODS AND BUY WHOLE WORLD HAHA WE ARE RICH YOU CANT SLEEP.WE HAVE MOST OF USDEBT WE BUY YOUR LIVE WITH YOUR OWN DOLLAS HAHAHAHA
EXCHANGE YOUR MONY IN GOLD AND GOODS AND YOU SUCK PAPER DICKS HAHAHA DUCKS IN PEKING MAKE BETTER BUSINSS AS USA HAHAHA
USCUNTSareOWNEDbyCHN 9 months ago
Uhhh, if you convert the 1oz gold coin into an acceptable currency format such as an 8,000 yuan panda coin, and then you spend that coin into the Chinese market, you have just doubled the Chinese money supply, so your arguement makes no sense.
adeptusluminati 9 months ago
I had always thought there was more behind the Chinese govt's encouragement but my thoughts went in the direction of outright confiscation. Your theory is much more elegant in that both parties make out and are happy in their trade. Add that to the Chiese minister announcing that they would cut their dollar reserves to 1/3rd current levels and we are caught in that Chinese curse "May you live in interesting times"
Ulysses1174 9 months ago
I'm not saying he's right, but Mike Shedlock feels that no one wants to have the reserve currency. He makes an interesting argument.
ForbiddenStallion 9 months ago
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rappenjp 9 months ago
the answer to the question why The Fed is averse to gold and silver is that gold and silver are honest money, and dishonest people are afraid of it.
Bernanke is a fucking idiot.
lvbuckeye 9 months ago
THEY WILL BE A WWIII WITH CHINA VS USA. CHINA IS GETTING VERY POWERFUL BUY THE MIN.. WAKE UP USA, BEFORE IS TOO LATE.
WILDCAT3345 9 months ago
Chinese people save money in banks, banks buy US bonds, from which when you sell you get dollars.
They are encouraging people to transfer their wealth from US dollars to gold so when dollars goes to shit China don't go down with us.
The Chinese government can dump bonds at us but it's more subtle if people invest in gold, slowly build up in the next 5-10 years. The result: we are fucked.
ArgentThug 9 months ago 23
@ArgentThug Hi there. You touched base on nice topics. The financial term will be "hedging." China only bought US currecny and equivalents so their rising Renminbi can stall behind the US and not hurt export trade-off value. They also wanted to hedge against a US default as you stated by buying precious metallic commondities, but even with the bustling $285B in reveue they make, they can not fully offset trillions in foreign investments if those fail so they urged the citizens to do the rest.
arodspecialist 4 months ago
China is the future. Down with the corrupt US empire and its zero-sum game known as capitalism.
Lexman00 9 months ago
look at all the trolls here
curiouscrutiny 9 months ago
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They shall cast their silver into the streets, and their gold shall be [discarded] like an unclean thing or rubbish;Ezekiel 7:19 (Amplified Bible)
SEETHETRUTHb42LATE 10 months ago
The reason is because China knows that the US is defaulting on their loans to US. Th means that in the future, US$ will become completely worthless. Obviously, China is not happy about that. But it can't help it, as China workers are paid in US$. Thus Chian wants their citizens to spend and GET RID of US$, and get gold, which is much more stable. So when one day US really defaults, China would not lose too much of their reserves.
fleeordie 10 months ago
@VulnarKawarZ i don't give a damn about french.
You want me to teach you some english? LIVE and leave. Working in game industry but can't properly write in english. What do you there? Sweeping rubbish?
You guys live in fear, you guys need money,pay taxes, monthly pay your house. It's good that France teaches poor people like you to shut up. Only the rich make orders in France while poor class like you shouts in streets like retards.
2700 is janitors work. Get a life instead of trolling.YOU.
lemuriavi 11 months ago
@VulnarKawarZ 2700 a month? I live in France, is that your brut or nette? Even 2700 nette, you're just a poor middle class people.
So you're a slave in game industry. Good2.
I'm not from middle east so keep your stupidity elsewhere.
lemuriavi 11 months ago
@VulnarKawarZ haha, come on, how much do you earn? I can give you some, you poor people. You guys have no dignity, we can buy you with money!!!haha
lemuriavi 11 months ago
@VulnarKawarZ huh, when you've nothing left, of course you've nothing left, you're a failure in life, must come from a poor class family.
Poor people not only uneducated, they couldn't be one, and better remain as slaves. How much do you want so that i can shut your mouth huh?
People like you can easily be bought because you guys have no dignity and no intellectual capacity.
Your genes shouldn't exist.
lemuriavi 11 months ago
@VulnarKawarZ Haha,losers. If you've failed badly in your life, don't share it here. How much do you earn huh that you need to troll here? I can give you some money if you want beggars
lemuriavi 11 months ago
@VulnarKawarZ dude, I don't speak with idiots. If your life is a horrible one, and you amount to nothing except a Phd in vulgar words, keep that home. No one cares.
lemuriavi 11 months ago
@VulnarKawarZ your comments smell like shits
lemuriavi 11 months ago
thumbs up for u man
but what can i do if im only 16?
13elsauz 11 months ago
@13elsauz learn to speak chinese.
lvbuckeye 9 months ago
I think the reason they are, and we are promoting the buying of gold is, the pound, dollar, yuan, ect.. will all fall, thus, forcing pple to buy the new currancy. The 1 world government currancy.
beilever777 11 months ago
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ggn1 11 months ago
very very good video, thumbs up.
silver91183 11 months ago
@VulnarKawarZ yea... Chinese are a cruel society, too bad the average American when presented this issues just say God bless America and Capitalism...
Ramiromasters 11 months ago
@VulnarKawarZ Well we in the US used nukes to kind of show the fist to everyone else in the world like a bully stealing their lunch... China modestly sway its huge population into the right direction, to get rid of the bully. Its hard to hate your opponent when you know you are in the wrong. If they take our place as the wrc, lets just kick the feds and close our oversea bases, we will still be rich.
Ramiromasters 11 months ago
I did find it very interesting however my only concern with China having a backed gold currency is that there wouldn't be that much liquidity in the market due to its scarcity of the backing resource. I am a bit ignorant about China and do not know what natural resources do they have in their country but I understand they are pillaging the African Continent of their natural resources at the moment. China has over a billion people! How much gold is needed to have a very liquid strong currency?
Supermiranda78 11 months ago
@Supermiranda78 I am a bit ignorant about America and do not know what natural resources do they have in their country but I understand they are pillaging the Middle-east of their natural resources at the moment.
stormyandcold 11 months ago
the chinese have been around for a long time - they are not stupid
vistabet 11 months ago
The chinese are very smart and understand how to prosper going forward into the future.Their citizens will finally be rewarded or all their hard WORK.They manufacture we consume.We live for today while the chinese live for the the future.They hoard commodities,an example is we ship them uncut raw logs only to see them sink them in their waters for preservation.We should learn from them as they become the number one super power and we slip into the third world
deandotdot 1 year ago 24
@deandotdot That's a lot of hype. Have you even toured China? The GDP per capita is still equivalent to an African country. The only revolutionary system China has that we don't is a billion cheap laborers. Why does the economy have to grow, grow, grow? We need to scale back and start thinking about local, light-weight automated manufacturing to get our products from nearby and stop promoting this out-of-control infestation of the planet with more humans.
brokencountry123 1 year ago
@deandotdot BUT at the same time will those that have been treated so poor;y / or died / old age ever see the work of their hands? probably not ... Atleast in the west we have an average ok existence...
favsncrap 5 months ago
@deandotdot the plan is they want to be the King of the Finance........
simonsmart 5 months ago
@deandotdot
blah blah blah, the chinese government does not give a shit about their citizens.
jamesgresley 4 months ago
@jamesgresley Hi. While deandotdot might be slightly off in his/her assumptions, here is my view since I live and work in the US and Shanghai. Most people on here hate chinks because one, they are already racist, and two, the US government (especially the GOP) points the finger our way. Your comment about "not caring for our citizens" is tough to swallow as we are not of the "Mao" culture 30 years ago. However, we will NEVER be Democratic either regardless of pressure. Why? It is not us. CONT>
arodspecialist 4 months ago
@jamesgresley China's long history never reflected Democratic rule as there was always a dynasty with one ruling party and one supreme emperor just like the Communists today. We pay dearly at times and overthrow the ones that are bad, but we have always had open trade. Uneducated folks say EVERYTHING is Chinese. Really? We do not own Apple, GM, Chevy, Louie Vutton or 27000+ companies we make things for. We PRODUCE things. We did not cause the $10T pissed away by the US, the US Congress did.
arodspecialist 4 months ago
I totally agree !
UKgoldguru 1 year ago
gold went down to 380 in the 80s. you realize whay buy at 1300 would do if in 10 years gold drops back down to lets say 700? The truth is you cant buy food with gold. Its basically worthless. You will never get the full vaule of gold unless you trade on the market. You need to think harded. You keep the gold , ill keep my food.
FOXnewsAlien 1 year ago
@FOXnewsAlien
This is because you compare gold to its US Dollar value. At the end of the day, it's the dollar which is changing in real value, not the more in reality based purchase value of gold. And the biggest importer of Chinese goods is not the US anymore, but Europe and the rest of the world. Hence protection from the dollar collapse!
lucdebuck 1 year ago
@FOXnewsAlien Bollox
vistabet 11 months ago
china is going to be real problem... they arejust too many if they get to be a world poer they will suck the worlds resources and the western banks will be responsible because they want chinese slaves, once they get to the top they will be worse then usa, war mongering, arrogant,dont respect international laws nothing, no freedom speech, anything, supplying the world with 2 rate goods forever, while destroying the planet, again so that rich can make a kill
badsign1980 1 year ago
@badsign1980 Get real, how long has the west been sucking the world's resources? Like forever. Chinese don't like war, you obviously don't know anything about them. As for respect, haha. The west and respect don't go together. As for destroying the planet, well, the west has over 100+years head start over everyone else.
stormyandcold 11 months ago
Excellent explanation! The Chinese gov't would be trusting in its people to keep the value of the yuan more stable by purchasing precious metals- thereby also keep in circulation the yuan and backing it by the faith and trust of the chinese People who have invested in the precious metals- gold and silver and essentially the "people" being the "Fort Knox" of the Chinese gov't..Doing as our USA govt does of hording it . . .does not allow for the important aspect of circulation of paper currency!
MrChisparo 1 year ago
but if i buy gold and giwe for it about 100$ when i sell it they will not buy it for 150$ but for 50$. How that can be saving money?
1mashoman 1 year ago
I think it's an excellent idea. although the idea of private companies in los angeles asking people to turn in their empty aluminum cans for money at dispensaries is even better. what do you think? Think about it, you can turn in an empty soda can for money!!!! What an excellent idea. Screw gold. I will go with what California does.
203207ab 1 year ago
I have suspected the same thing for quite some time. Although, I would add that the Chinese would not suffer if they build enough domestic demand. If they are producing and selling in the same currency, they will not have to rely on exports as they have in the past. So a currency of gold and silver would be an excellent long term strategy.
SuperSpidey25 1 year ago
I can see this happening:
China offers its citizens free melting of their gold into coins then slowly removing these coins from the market as they enter banks, further adding to China's stockpile of gold and leaving only paper currency in the market.
It's a win/win for China as their citizens are stripped of real wealth.
10iggi01 1 year ago
China already stockpiled steel years ago making a killing off of us westerners.....how many factories and even companies closed up shop thanks to the too tempting low cost and inexpensive labor? We already have shown we simply cannot exist without their cheaply manufactured exports so even if we had a tantrum and decided not to buy from them anymore...who would we buy from?
No matter what they do..printing their own coins ,strengthening their own currency/buying power or not. we carry on
mscoingirl 1 year ago
Sounds plausible.
One way or another China is a contender for having the top holding of gold and silver. They also happen to be a leader or at least one of the leaders in the industrial usage of silver. Does anyone foresee the world ceasing to use silver the way it does now anytime in the near future? If so, what will they replace it with? If nothing else, they will ensure they remain able to use silver until it runs out and at these current rising albeit low prices
mscoingirl 1 year ago
The problem with flaskofcoffee's solution is that China has to issue gold coins with a yuan value equal to the current market price of gold. That's impossible if the Chinese central bank keeps inflating the money supply and driving the price of gold in yuan upward. A better solution is that gold producers have bribed/convinced Chinese politicians into promoting gold ownership, allegedly to encourage job growth in gold mining. The Chinese state is just stupid.
siggyboss 1 year ago
Mmmmmmmmmm
I think you have a -strong- point there
6642633 1 year ago
But what about the plastic ducks for kids in Connecticut?
krackfoxtube 1 year ago
@etniks69
There would be no doubling of the money supply. The yuan would be backed by gold, a gold standard. This doesn't actually introduce any new money into the economy, it secures what's already in circulation. Liquidity is based on trust. The money supply expands on debt/credit which is based on confidence of repayment. It is important to differentiate between real money/wealth (exchangeable goods/store of wealth) and fiat currency (medium of exchange). Gold/silver = no counterparty risk.
pjacksontube 1 year ago
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pjacksontube 1 year ago
This guy has NO IDEA what creates inflation if he claims that doubling the money supply in China (by officially accepting gold as legal tender money as per his example) will not force prices within China to rise when double the amount in circulation is chasing the same goods. NONSENSE
etniks69 1 year ago
"Do you think they're doing that because they can't think of anything else to do with their free time?"
No, but I'm sure they don't know what to do with anymore 'free money' - depositor's money from frugal Chinese citizens. Who in their right mind would buy anymore government debt, or hold any investments in US currency? So why not tell people to go out shopping? Buy gold? Sure, nice and expensive, plus holds its value pretty well. Why not?
SymPulton 1 year ago
Rothschilds can manipulate fiat/gold/silver/etc. any way they like. Guns, ammo, food, water, shelter are what these cocksuckers fear and desperately seek to control. We need guys to start smuggling in RPG's, Mortars, shoulder held SA7's to take down low flying aircraft.
They have the best of the best guarding their estates and offices. It's way past time they R slaughtered. You special forces guys...instead of killing talibans, kill some bankers and ceo's of Monsanto/Haliburton/Bechtel et
gigololounging 1 year ago 3
Russia and China announced last week they are dumping the dollar for trade.
This is just the tip of the iceberg for things to come.
Perhaps we can bury the fucking USA once and for all. The biggest nation of state sponsored terrorism on earth.,
Its coming, you Americans.,
Karma is a bitch ...get used to it.
BuySilverCrashJPM 1 year ago
@BuySilverCrashJPM Always a pleasure to watch the slaves of one country wish misery on the slaves of another. Do agree with you about the nature of Karma though. May it not catch up with you.
VoteLib3rty 1 year ago
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dgl1962 1 year ago
China is particularly interesting. NWO kingpin David Rockefeller has stated he thinks china is the best example of good government. It would not surprise me they make other countries over in its image of communism. The NWO has learned that straight communism also fails to and is currently trying a combo of communism and capitalism. Rockefeller's man, Maurice Strong, lives in China. The international bankers have helped china with development the last couple of decades.
jrdeahl 1 year ago
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alexjlennon 1 year ago
@stargate669 Interesting. I wasn't aware there were serious commentators denying peak oil. Have you got some sources please? Ta :)
alexjlennon 1 year ago
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Coming back to your point on cheaps of cheap plastics/electronics to the US. It would be interesting to the views of the Chinese government on peak oil and peak minerals. Certainly they are going around buying up mountains of mineral deposits while they can so they have identified a problem.
If they think that oil prices are going to rocket within decades due to lack of supply, and minerals prices similarly then they would surely have to develop the domestic markets.
alexjlennon 1 year ago
Coming back to your point on cheaps of cheap plastics/electronics to the US. It would be interesting to the views of the Chinese government on peak oil and peak minerals. Certainly they are going around buying up mountains of mineral deposits while they can so they have identified a problem.
If they think that oil prices are going to rocket within decades due to lack of supply, and minerals prices similarly then they would surely have to develop the domestic markets.
alexjlennon 1 year ago
@alexjlennon alex there is another possibility here. The Chinese are long-term thinkers and have for the last 60 years along with Russia been put on the back fence as far as the whole globalist planning has gone. Yes, China has been buying gold and against this fiat currency no longer has a derivative market hence the whole global warming scam. But deep oil wells as in Russia and Vietnam have proven the fallacy of peak oil. So, notably what currency are the Chinese buying things with?
stargate669 1 year ago
well lets see. A democratic country have taken away the gold it's citizens owned. This was the USA, home of the proud the free....whatever else they call themselves. Now China is a communist country....see where i am headed. But your idea makes more sense. Chinese may actually have their citizens helath and welfare at heart as well as their own power. Something the USA do not. The USA's actions in the last 50 years have been insane. I think the Chinese win out here no matter what.
DoYouThinkForUrselF 1 year ago
@DoYouThinkForUrselF The bigger question is pre-emptying the end game of globalism. America works for the Crown and the usual play is to keep one half of the world as a consumer and the other half as victims. Capitalism and all the `isms' were just taking gas out of one car to drive another. Nothing was ever created and it had nothing to do with equality, democracy or freedom. It was a scam. The Chinese know this. What you're now is the age of a new dawn. The sun rises in the east not the west.
stargate669 1 year ago
@stargate669 good points. America is on it's way to a 3rd world country. China is on the rise. I like your idea on the half consumer half victiim world, it's so true. It's all about control and power they are just switching things now. My question is will they succeed, change is in the air and these people took God out of the equation. Look at our sun, the earth's magneticsphere and all the other earth ativity that goes along with that. Plans don't always work out.
DoYouThinkForUrselF 1 year ago
Wow, very interesting idea. Very clearly layed out.
katiatomsk 1 year ago
Fucking bullshit 1 yen is worth more than the hyperinflated us dollar 1 US Dollar is really with 2.3 Cents. The countrys debt is out of control even after milions kicked out of their homes. American Government sucks they give a fuck about no one else than its corporations and this will be the destruction of the corporation shareholders directly at home while in the shower. Mark their word. Ive heard and have seen it. Its not good for them.
teslaglobal 1 year ago
@teslaglobal He's talking about the nature of fiat currency and the essential nature of what money is not the value you are referring too. When the fed produces notes every one creates inflation which is paid by you to them and the IRS. Both private banks working for the crown. America always was a corporation owned by the East Indian Tea Trading organisation. Refer to Chris Story on Youtube and see how one representative offered this month to buy your countries debt with gold.
stargate669 1 year ago
What you are saying will for all practical purposes put China in the gold standard. Initial a 1 Yuan gold coin may exchange for a 1 Yuan note but if the people suspect that the government is printing more then more notes will be demanded for gold. The Chinese Monetary Authority will lose power over the money.
82abhilash 1 year ago
@82abhilash If this was true why is it then that America continued for so long after 9/11? All the gold was looted on that day and frantic gold trading took place 2 years ago prior to the so-called bank bale out. All this took place out of the media's eye and after hours and over the weekend. `Money' is essentially a belief and no-one really knows what it is. Americans have to make a decision do they want to die in lies or stand up for the truth? The whole system is corrupt so it is a challenge
stargate669 1 year ago
@stargate669 Not true, people have a good idea what money is. The best essay on the Origins of money I have seen so far is On the Origins of Money by Carl Menger. Money is an outcome of human interaction. It is a product of human action and impacted by all human action. But it is not the product of human design. It is an emergent phenomenon. Like a flock of pigeons, no single pigeon can decide what the flock is, yet without them there is no flock.
82abhilash 1 year ago
@82abhilash
I'M SORRY but I have to break the news to you. Most people have NO idea how money is created and especially WHO controls its creation.
The only flock I see is a flock of sheep believing nonsense.
-----"but it is not the product of human design"???---- IT IS!!!
Google Search and watch online MONEY AS DEBT
THE MONEY MASTERS
Renaissance 2.0: Lesson 1
ZEITGEIST addendum
ALL will show you how the FRACTIONAL RESERVE BANKING SYSTEM we have today is a recipe for enslaving us.
etniks69 1 year ago
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@etniks69 You mean the majority of people have no idea what money is. Ok. But then again the majority of people have no idea about medicine only doctors do. Yet it is important to all people. You said, '`Money' is essentially a belief and no-one really knows what it is.' Not true. Read the paper I referred to by Carl Menger.
82abhilash 1 year ago
This has been flagged as spam show
Gold bullion has taken the center stage as the world storehouse of wealth and value
Unfortunately very few people know how to enter into the precious metals industry
And as a result those who know are raking in millions of dollars selling bullion coins etc, just as real estate market was the hottest market in its hay day so is Gold Bullion Enterprising today…Now you can enter into the Gold Bullion Industry
GoldBullionTV 1 year ago
brilliant i think you are right on the button you make a lot of sense ill have to listen a couple of more times before i can come back with questions.
although the sad reality is that eventually there will be war of some sort possibly within the next five years.
if not existing powers will consume themselves from within .
its no skin off a multinationals nose where they park the merc new york or bejing.
anyway enough of my rambling on.
deiseldes1 1 year ago
They want us to go to a cashless society. It goes way beyond what you are all saying here. In a cashless society the money can be controlled right down to the basic levels. There can be no private selling or bartering between peeps anymore, and the Govnt will get its tax cut on EVERYTHING. LOOK AT THE DEBIT CARD. Its already in place people, wake up. This gives them huge amounts on control, as they can simply turn "off" your card. Devaluing currencys is the first step, USA is the biggest.
dinglenutzz 1 year ago
@dinglenutzz We don't want war anymore. Why can't we work out our problems peacefully?
AmmericanPsych0 1 year ago
@AmmericanPsych0 Because all the elites are inbred, there lineage goes way way back, they are all related somewhere. This dates back to the times of the Knights of Templar. There is no money in peace. The great depression was over with because of WWII. War creates jobs and huge money for the corporations, it also asserts their power of control over smaller nations. Look at a globe see where Afghanistan is and Iraq....whats in the middle people??. Exactly. Perfect strategic points.
dinglenutzz 1 year ago
@dinglenutzz I don't think so. Maybe so but the templars are long gone, and there are new elites.. Rotchschilds
boipinoi604 1 year ago
@boipinoi604 No your missing the point. Read the history of the Knights of Templar and how they just vanished. They reorganised into something else and those blood lines still run today in like you said the modern day elites.
dinglenutzz 1 year ago
@dinglenutzz I wouldn't call the modern day elites a bloodline of the Knights of the Templars. They vanished because they had too much power and the people felt threaten so they burnt them at stake left and right. Come on, to be in the modern day elite you would need to step back 200-300years from now where banking systems were at it's infancy. And there were the Rothschild, who sent his 5sons to be the money changers around Europe and effectively today owns a vast amount of wealth..500tril+
boipinoi604 1 year ago
@boipinoi604 The banking system dates back to the time of the Romans, Constantine was one of the first to use a real currency and have a tax/banking system. Dont use wiki as an info source. You see that they were disbanded as they became almost rogue a law unto themselves. Thats exactly the bloodlines brother, the Rothchilds,Morgans,Rockefellars,Hunts etc etc. Theres speculation that the stonemasons could be part of this. Its somethihg we will never know for sure as "they" dont want us to.
dinglenutzz 1 year ago
@dinglenutzz Banking at it's early stage were merely blacksmiths who held the gold they casted at a price. At which point, they notice people were hardly redeeming their gold but using the certificates as a medium of trade. Back to the Rothschilds, they could not possibly the descendants of the Templars because the Rothschilds are semitics.. See, Hitler knew what was going on with the dangers of the banking carters, so he tried to eliminate their ethnicity.
boipinoi604 1 year ago
@boipinoi604
They took their name from the red shield or hexagram/Star of David on the front of their house in Frankfurt. The Star of David or Seal of Solomon is an ancient esoteric symbol and only became associated with Jewish people after the Rothschilds adopted it for themselves. It has absolutely no connection to "David" or "Solomon", as Jewish historical sources confirm. The Rothschilds are one of the top Illuminati bloodlines on the planet
dinglenutzz 1 year ago
@boipinoi604 Official history is merely a veil to hide the truth of what really happened.
Take the Rothschilds, the bloodline formerly known, among other names, as the Bauers, one of the most notorious black occult bloodlines of Middle Ages Germany. It became known as Rothschild (red-shield or rotes-schild in German) in the 18th century when a financial dynasty was founded in Frankfurt by Mayer Amschel Rothschild
dinglenutzz 1 year ago
@dinglenutzz Interesting. Could you send me a link to these facts?
boipinoi604 1 year ago
@boipinoi604 Absolutely. Its from a book, those were photocopys I took when I was doing my Thesis on Dynastic Families at the turn of the century. Ill have to do some digging to find you the title and author of the book. Gimme a bit and Ill dig it up for you
I do know its not in print and actually was shutdown from printing by some unseen force.
Peace
dinglenutzz 1 year ago
@dinglenutzz Thanks yo. All my info just came about out of my curiosity + youtube. It's not post-highschool institution material, but if you know what to look for, usually youtube has some good content.
boipinoi604 1 year ago
@boipinoi604 Ok the book is called "Was Hitler a Rothschild" By David Icke. Now be careful when reading David as he gets a little wacked out. I think hes been doing this for to long and has started to mix reality up a little bit with what he is researching. But his history is very accurate its some of the other things he thinks I think hes a big wacked out. You will see what I mean dude. LOL
dinglenutzz 1 year ago
@dinglenutzz Just so you know. I dont take any of these materials as "the word". I like to play devils advocate as I honeslty think there is more to this world and how its run then we think. I think they are pulling the wool over are eyes and raping our countrys world wide and using us sheep for their own devices to further their own greed. I think we the people need to wake up and take back what is ours and stop with the "not my problem"...its all of our problems and we better act soon.
Peace
dinglenutzz 1 year ago
@dinglenutzz wait, did he do a cliff high interview? because for a moment he appears to be a logical person with statements backed up by facts..until he starts talking about humans' true life-span is 900years; the moon being manipulated to induced a major ancient flood in order to reduce human population 13000years ago; skipping the moon to live to mars.. yea I think that's the guy
boipinoi604 1 year ago
@boipinoi604 Yeah man hes a bit wacked out. But under the fairy tales is some truth. Like with all these people man, you have to seperate fact from personal opinion. Im trying to find the other authors, if I can, what he says (other than the LSD stuff) falls in with the other authors facts. Im just trying to discover the "reality" not this Matrix BS they have painted for us to beleive and accept. It doesnt sit right in my Gut. Kinda like Neo "What is the Matrix?"
Peace and good health to you.
dinglenutzz 1 year ago
@dinglenutzz Tell you the truth, this isn't exactly what I was looking for at first. I was merely searching for ways to make my money grow through investment, so I found gold/silver then I found the beginnings of gold then I found how money is debt then I found the banking system then I found the banking cabals then I found the elites- or so just you kind of just here ramblings about them.
It's more like the movie Fight Club, everyone is a slave until debt is wipe out.
Good health to you too
boipinoi604 1 year ago
@boipinoi604 The more I read and dig the more I beleive/doubt. Either somethings not right and its going to get really rough in the future or we will just tick along as usual. History though has shown huge ripples in civilization and only tech has allowed those ripples to be wider as we age. We are less self sufficant and more dependant now on them> From what I hear Silver is the way to go. Gold is horded to much but Silver is used in lots of everyday items.
Good luck. Im sure well meet up =D
dinglenutzz 1 year ago
@dinglenutzz Gold has always been and always be the ultimate money.
Good luck. See you one day mate.
boipinoi604 1 year ago
@boipinoi604 Not exactly. The economic unit was always man. This is why you have a birth and death certificate and passport and a census. They need to determine their wealth i.e. you! Fiat currency and gold transactions are based on your earning potential. Banks don't produce money. Your parents and yourself do! No war takes place without reparations and deals with the loss of people i.e. money. At the end of every civilisation there must be war so the banks benefit.
stargate669 1 year ago
@stargate669 It must be early in the morning because I'm having trouble putting together some sense in that message.
boipinoi604 1 year ago
@boipinoi604 It's a bumbling, fumbling cluster fuck of gobbleguck. Guns, ammo, food, water, shelter. All else is irrelevant.
gigololounging 1 year ago
@gigololounging Ain't easy getting guns up here in Canada, we must go through the process. Even then, we have a limited selection of guns.
boipinoi604 1 year ago
@dinglenutzz The point to note is you are the economic unit always will be and are much more than you think you are. Learn a wide range of skills while you can and be as self-sufficient as possible. Every human needs the basic things food, water and shelter. Your govt are taking this away from you as much as possible and making daily living harder and harder. They're crooks not you. Learn to barter and gather those around you who have a wide skill base.
stargate669 1 year ago
@boipinoi604 The notable thing about fight club is they showed the twin towers fall before it happened. Look at the matrix and you'll see Neo Anderson = Sun of man was born on 9/11 on his passport. All this stuff has been pre-orchestrated. The twin towers represent joachim and boaz the twin temples of Solomon and the beginning of a new age. i.e. the end of America and the west. Debt is an essential part of the lie that is capitalism. Gold is never given to people as a transaction.
stargate669 1 year ago
Your theory sounds logical but the same can be said of the US Mint trying to do the same thing buy selling its gold via American Eagle or Gold bison. Why isn't the US following suit and instead keep interest rates low?
ykltc 1 year ago
Wow, nice theory! Thanks, keep up the good work man!
TheBrotherMouzone 1 year ago
Here's part of my theory
China has soared ahead of other nations to become the world's leading gold producer.
If they get US gold-mining technology, they could easily double production just on the mines they now have.
They are comfortable w/ gold selling in the $1200 to $1400 range - as they are not a real exporter of gold except in the area of gold jewelry where they're on the road to becoming the world's leading producer. If prices go higher their craftsmen are out of work
DillonDee1 1 year ago
Compound this with the fact that the Chinese middle class are looking for a safe store of wealth. Their banks interest rates are lower than inflation. They lose money leaving it in the bank. Taking Chinese money out of China is difficult due to capital controls. This means they must invest locally in either property and stock markets. Both of these are in massive bubbles and suffer period violent price shocks. The Chinese are well aware of this. So gold and silver give them options and security.
ManufactureBelief 1 year ago
@ManufactureBelief
That's correct. And this process is not malevolent. Everyone wants security. The Chinese have recently have suffered from a long lasting period of chaos. The desire for security is hence much stronger.
Goldsave 1 year ago
plan to beat us....
zhouyang19870721 1 year ago
Well, if this is what is happening (and I think that it makes perfect sense), there won't be enough gold to back the yuan unless the price of gold goes up in orders of magnitude.
Remember that all of the worlds gold is only about 400 billion dollars which is hardly enough to back an entire national currency.
dgl1962 1 year ago
I agree 100% with everything except the USA producing things for export to Chia (or anywhere else) we have no manufacturing anymore and it would cost billions to get the factorys up and running again..no one has the cash on hand to do this, if it were to happen there would be an Ameri-Mart on every block in China
beachbummm69 1 year ago
High I'm retarded...IT WORKS THE SAME WITH FIAT CURRENCY..jackasses
joe4606 1 year ago
@joe4606 What works the same with FIAT currencies?
dgl1962 1 year ago
@dgl1962 Gold!! Ask yourself this: If there is some sort of global crisis, what is gold really worth? The best you can say is: I can trade it for products or services. Gold is not energy, gold doesn't grow crops...it's a form of exchange. Fiat currency is also a form of exchange!
joe4606 1 year ago
FIAT currency can be printed into oblivion, it is not comparable to precious metals.At this moment, you're right, fiat paper can be used to exchange for goods & services, but did you know that it has lost about 15% of its value compared to the other currencies in the last month? That's a lot less goods & services, isn't it?
George Soros bribed his way to Portugal using not paper dollars of some war ravaged economy, he used gold.Keep your paper, I'll keep my gold that's worth 2.25 X what I paid.
dgl1962 1 year ago
@dgl1962 You CAN'T print fiat currency into oblivion if the demand is there! You're buying into speculation and YOU are the reason the dollar's value is declining. Don't you get it? You're lowering the demand for the USD. You're on China's side now. And if you bear no allegiance to America take your gold and go to portugal with that country hopping bastard.
joe4606 1 year ago
@joe4606 My buying gold is a reaction to currency debasement, not the cause of it.The fed has reduced the purchasing value of the dollar over 95% since its inception.Prior to the fed and its intentional inflationary policies, the dollar and gold were at the same level for over 80 years.
Was it "speculators" that destroyed the Reichmark in 1923? no you fucking idiot!, it was a policy of PRINTING MONEY WITH NO LIMIT AND BACKED BY NOTHING
Keep your paper and see where it gets you, I'll keep gold.
dgl1962 1 year ago
@joe4606 Those "who have no allegiance to America" are advocates of a currency backed by nothing but paper and ink, like you.
You are the traitor, you are the reason that our nation has trillions of dollars in debt that will be paid by the value taken from your pension or social security.
I guess that "JOE 4606 is smarter than our founders when they said that the cuurency must be backed by gold or silver only.
I know the real reason that you hate gold, YOU CAN'T AFFORD IT!
Envious moron.
dgl1962 1 year ago
@dgl1962 ARE YOU CRAZY??? Just stop it!! Think globally. Get out of your backyard for once. For years China has been valuing the yuan bellow the dollar and stealing our jobs. And you point the finger at me?..I buy treasuries. I didn't jump ship like a rat to go buy gold.
joe4606 1 year ago
@joe4606 There is a benefit to having individual currencies, they act as a firewall to prevent the spread of default like we're seeing today in Europe and the Euro.
China has not been "stealing our jobs", greedy, shortsighted unions have given them to them.
If you call me a rat for buying gold, I'll call you a fool for buying treasuries.
dgl1962 1 year ago
@dgl1962 Individual currencies are the cause of default. It allows one county to say to another country that their currency isn't good enough. I'd even go so far as to say default wouldn't excist if fiat currency was used to its full potential.
joe4606 1 year ago
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joe4606 1 year ago
@dgl1962 I take that back, you can print fiat currency into oblivion, but the entire world has to be employed. You've NEVER seen inflation. Zimbabwe was the absense of demand for their currency. What China is trying to due to us now. What you think is inflation is actually ALL supply and demand...the vanishing supply of fossil fuels (energy) and increase in demand has been causing the price of goods to rise over the years. Not inflation. Get back into the dollar!!!
joe4606 1 year ago
If you agree that you can print a currency into oblivion, then wouldn't you also agree that that is exactly what Obama (and Bush) have been doing?
If you agree with that, then you cannot blame people who have any savings from trying to maintain its value by precious metals.
dgl1962 1 year ago
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joe4606 1 year ago
@joe4606 "Devaluing our money is a good thing"...
You do realize that the Chinese make about $6,000 per year, so for the US to become competitive, we must make less than that, so much for your jobs theory.
You'll just have to consider me an "unpatriotic rat" whose beliefs match that of our founders (who were true patriots) regarding money.
You can enjoy riding your treasuries and dollar to the ground as if they are a falling safe.
Cheers.
dgl1962 1 year ago
@dgl1962 If our founders could have imagined the money velocity and world trade of today then they absolutely would have chosen fiat over gold standard. Hands down.
joe4606 1 year ago