Author: macanese

CHINA GOLD: CHINA'S END GAME - 2014 [Copy link] 中文

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Post time 2014-1-4 23:15:44 |Display all floors
Winston_Pang Post time: 2014-1-4 22:32
Why is Li Ka-Shing investing in the Bitcoin trading platform, that what I want to know?

Want me to explain it to you?

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Post time 2014-1-5 02:37:24 |Display all floors
New Gold Standard Already Being Prepared

It should be called real con TV. The main purpose of the B.S. was to refute the claim that the dollar is finished. But it's obvious that it already is.

Contrary to his claim, the euro and the yuan are already both better alternatives to the dollar. The euro is used in over 40% of international trade (contrary to the propaganda which claimed the USD was the most used based on letters of credit only). However, that does count the eurozone nations as individual nations, whereas the thieved state of Amerika is counted as a single nation. The USD is used in less than a quarter of international trade. China is the World's largest trading nation now, so the yuan is also a viable and more attractive option to the USD. China is already trading directly with Japan and Oz using local currencies without the USD as an intermediary.

The USD is the least attractive because the thieved state of Amerika has the worst deficits in all of history. It's not that the US can't print "worthless paper" to cover its debts. It's the fact that the resources aren't available, meaning the printing would devalue the USD more than holders of it are happy with, risking a hyperinflationary run on it. This is why the Greater Depression has to be imposed; to impoverish the sheeple and reduce their consumption. Other tactics are to reduce the return on pensions with the ERISA law, higher taxes, pump and dump of shares, kill off the pensioners with pandemics, war and lethal snake-oil or health-damaging food such as GMOs. The UK even has the "Liverpool Kill Pathway" where the elderly are left to starve and dehydrate to death and a "do not resuscitate" policy for the elderly. The problem with reducing sheeple spending is that fewer USDs are exported to defraud the rest of the World which, in turn, also means the USD is less of a reserve currency.

The new monetary World order will be a gold standard. It's the only viable alternative, NOT the SDR. This is why nations are planning to balance their budget deficits and trade deficits in the next few years and why Mark Carney will only stay until 2018 at the BoE; three years short of a full term. If it's to be stable, it has to be a full gold standard. The fractional reserve gold standard imposed by the US in 1914 was 40% backing. By 1933, they confiscated gold to maintain the backing before dropping the ratio to 15% and then defaulting outright in 1971; the biggest default in all of history. The UK also defaulted on gold in 1931 under the first gold exchange standard which only lasted six years. Given the current debts of the thieved state of Amerika, it would probably default almost immediately under a gold exchange standard. In fact, the inability to pay Germany her own gold back is a default.
Compounding is the magic ingredient.

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Post time 2014-1-5 05:35:45 |Display all floors
Winston_Pang Post time: 2014-1-4 22:32
Why is Li Ka-Shing investing in the Bitcoin trading platform, that what I want to know?

Perhaps because he has some inside info !

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Post time 2017-8-21 22:13:08 |Display all floors
This is a ridiculous phrase 'end game,' there is no such thing in international politics\economy.

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