China to Force Global Reset with Gold.

[IdahoCopper]

Breaking news.

http://www.examiner.com/article/china-will-use-gold-and-gold-pricing-to-force-global-currency-reset


"During his three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global price controls for the monetary metal away from the Comex, and then force a global currency reset by raising the price of gold to its true or actual value.

The way this will come about in the near future according to Dr. Willie, is that China will demand physical delivery on their massive number of gold contracts they currently hold in the U.S. futures market (Comex)."

[theo]

Sounds interesting, but far more speculation than fact here.

China may have those futures contracts and possibly even the power to crash the COMEX, but Willie makes a big assumption that it is China's plan to stand for delivery. Bringing down the current system may be tempting, however it is frought with risk for the both the U.S. and China. The Chinese economy is not all that healthy and is still dependent on exports to the U.S. Their population seems to be increasingly willing to demonstrate against the government. They are more likely to use these contracts in order to gain various concessions from the U.S. in other areas.

[Copper Catcher]

As long as the US dollar remains the world reserve currency then the status quo will remain in place....

From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world's banks, corporations, and governments. The price tag SIXTEEN TRILLON!

That's right boys and girls and keep in mind the supposed US Debt Clock shows our debt to be rocking over 17.9 Trillion now: http://www.usadebtclock.com/

Any who, the list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows i.e. the usual suspects:
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

Oh yes, Belgium which just happens to be the same country has shown a 41 percent surge in ownership of U.S. bonds in the five months through May to $362.4 billion. Congratulation to Belgium who is now the third-largest foreign holder of US Treasuries! Belgium’s gross domestic product in 2013 was only $508 billion. Give me a frickin break!

If you are really bored you can view the 266-page GAO audit of the Federal Reserve (July 21st, 2011) here:
http://www.gao.gov/products/GAO-11-696

Keep in mind those audit figure stopped in 2010 and as you know everything in the world has just run so smoothly every since...

No one else could possibly have their hand in the cookie jar!

[Copper Catcher]

No comment on my observations? I am surprised....

[68Camaro]

I had missed the thread until now, but for me its standard stuff. The printing will continue until the collapse, which will happen ever more quickly the longer they continue the printing.

[Rosco]

The leaders Demo or Rep both Spend tax money an get theirs under the table, we are taxed to pay the Bills. You an I care but we cannot inform an convert enough un-washed to change any thing.
Some good people are running but I doubt they can really affect change

This is why I Stack the little I can afford .