China's Local Move To Gold For Trade Replacing Dollar
China is now preparing to establish a gold standard in trading with its local ASEAN trading partners through the Shanghai Gold Exchange established in 2002 With an estimated 30K+ tons of gold it is strongly positioned to use the yuan backed by gold to displace the dollar as the global …
China's Local Move To Gold For Trade Replacing Dollar
China is now preparing to establish a gold standard in trading with its local ASEAN trading partners through the Shanghai Gold Exchange established in 2002 With an estimated 30K+ tons of gold it is strongly positioned to use the yuan backed by gold to displace the dollar as the global reserve currency
This is a really big deal for much of the America's economic strength over the decades has been as its place as reserve currency in global trade But with the deterioration of its purchasing power due to excessive QE over the decades the weakened dollar position can now be easily exploited by China whose geopolitical strategy has always been to let the US make the mistakes and patiently wait for its turn to move, much akin to the philosophy of martial arts
The time is right to strike with the US weakened with what the Chinese knowing that the largest credit bubble in world history has been popped prompted by the Orange Cheeto and his Nazi followers with the equity markets reflecting this With China being the second largest buyer of US treasuries to support the ballooning American debt this adds another layer of complexity that puts the US in a very vulnerable position
The only safe place to be in this global destruction of fiat currencies is to get out of credit and get into real money which is gold/silver
China's Local Move To Gold For Trade Replacing Dollar
China is now preparing to establish a gold standard in trading with its local ASEAN trading partners through the Shanghai Gold Exchange established in 2002 With an estimated 30K+ tons of gold it is strongly positioned to use the yuan backed by gold to displace the dollar as the global reserve currency
This is a really big deal for much of the America's economic strength over the decades has been as its place as reserve currency in global trade But with the deterioration of its purchasing power due to excessive QE over the decades the weakened dollar position can now be easily exploited by China whose geopolitical strategy has always been to let the US make the mistakes and patiently wait for its turn to move, much akin to the philosophy of martial arts
The time is right to strike with the US weakened with what the Chinese knowing that the largest credit bubble in world history has been popped prompted by the Orange Cheeto and his Nazi followers with the equity markets reflecting this With China being the second largest buyer of US treasuries to support the ballooning American debt this adds another layer of complexity that puts the US in a very vulnerable position
The only safe place to be in this global destruction of fiat currencies is to get out of credit and get into real money which is gold/silver