Realcent.org

from ZH, article entitled "9 Signs That China Is Making A Move Against The U.S. Dollar"....

forward to number 9:

#9 China is the largest producer of gold in the world, and it has also been importing an absolutely massive amount of gold from other nations. But instead of slowing down, the Chinese appear to be accelerating their gold buying. In fact, money manager Stephen Leeb says that his sources are telling him that China plans to buy another 5,000 tons of gold. There are many that are convinced that China eventually plans to back the yuan with gold and try to make it the number one alternative to the U.S. dollar.
So exactly what would happen if the Chinese announced someday that they were going to back their currency with gold and would no longer be using the U.S. dollar in international trade?

It would change the face of the global economy almost overnight


that last sentence is an understatement.....those Chinese are smart, smart smart.......I always thought WE were the "smart ones"....I hate the taste of Kool-Aid.


link: http://www.zerohedge.com/news/2013-10-1 ... -us-dollar

I view it as a mutually beneficial relationship. We give China our manufacturing base. We (banking system including London, Basel, etc. aka The West) give them the ability to buy gold on the cheap. They give us the ability to borrow for as long as they need the aforementioned. I doubt they have forgotten what we did to the buying power of their money when the rest of the world demonetized silver, so they must be expecting some sort of realignment to occur to go along with all this.