China Moves To Further Marginalize Dollar: Offers CNY-Denominated BRIC Loans
Today we observed how as the US is considering releasing crude from its Political, pardon Strategic Petroleum Reserve, China was doing just the opposite. Now, in a further step confirming that China is acting as a much more rational capitalist power, and is rapidly encroaching on the “reserve” status of the sacrosanct USD, the FT [...]
China Picks Up Another Asset in its Gold Binge
We’re Taking Advantage Through This Low-Cost Producer Last month, China’s “Fort Knox” got several million ounces bigger… On February 24, Venezuela announced Citic ? the Chinese state investment company ? would help develop Las Cristinas, the largest undeveloped gold deposit in South America and a classic “trophy” asset. Las Cristinas contains at least 16.9 million [...]
Is Gold Backwardation Now Permanent?
Worldwide, an incredible tower of debt has been under construction since President Nixon’s 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt. Debt has been growing exponentially everywhere since then. Debt is backed with debt, based on [...]
London Trader – 40+ Tons of Physical Gold Acquired Yesterday
With many global investors still concerned about the price of gold and silver, today King World News interviewed the ?London Trader? to get his take on these markets. Here is what the source had to say: ?Yesterday when we dropped through $1,700, you would not believe the amount of physical tonnage orders that filled. US [...]
The Fed is Watching Every Stock Market Tick, Apparently
The Fed doesn’t like it when the stocks go down. Especially when the leading GOP contender for the White House has already said Bernanke is gone. And so it should come as no surprise that after a 200 point sell-off in the Dow yesterday, they’re already feeding their unofficial PR spokesman, Jon Hilsenrath of the [...]
The Fed?s EXPLICIT Goal Is to Devalue the Dollar by 33%
The Fed?s EXPLICIT Goal Is to Devalue the Dollar by 33% ? and NEGATIVE Yield Bonds Are Coming The Federal Reserve?s explicit goal is to devalue the dollar by 33%. As Forbes? Charles Kadlec notes: The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its [...]