A sharp-eyed FReeper noted the USA and U.K. flags are not in that group. The darn colonialism.
Posted on 09/05/2017 7:37:59 PM PDT by bkopto
China ties their own currency to a basket which is mostly valued by the dollar. All they have to do is let their currency free and oil would be cheap to them.
Dollar slides inflation hits home bigtime.
Would that be a bug or a feature?
So, bringing in a gold standard?
I wonder how much the average Wal-Mart basket of good would cost, you know..?
Chicoms are feeling the Trump squeeze
This could shape up to be pretty wild. You can bet the Central Bankers are already in on it and planning their moves to come out whole as they unwind over $20 Trillion Dollars of Inflation. There are 2 ways out of the mess created by Central Bankers and Fiat Currency, Complete Collapse or War, usually both.
Pretty wild is putting it mildly. I guess China thinks she is finally big enough to stand up to the US and one way or another she is going to find out very soon because there is no way the US can let this stand.
Re: Your posted cartoon.
No sh#t! Exactly!
It would be a bug if you are an American, especially if you are on a fixed income.
It would be a feature if you want to see the .fedgov cut down in size.
It would be a feature if you are invested in gold or, possibly, cryptocurrencies.
Fracking Bitchez! You can steal technology from the American Government via lobbyists and politicians, however, private sector is tough.
The Chinese must be at least 5 years away from fracking technology and they know they need to stop the US from totally indulging in this oil tech boom.
Ny State is holding up fracking right now because Cuomonand his son Fredo have a lock on politics and media in Ny.
The Chinese must act now before the US truly explodes and becomes the Saudi’s of the West.
Game on.
Sigh. Just more BS.
Also, Trump is making a move to have the dollar backed by gold (aka not a fiat currency). If the uniparty does not knock Trump out of office or get Trump killed (attempts have occurred and failed, if successful Civ War II follows), this will happen before the end of his first term.
Recent history has proven that even half of the United States will latch on to any NWO goon (well, except Jeb Bush) as long as he espouses ridiculous liberal, Marxist, Communist ideas in a pleasant speaking voice. Add in some cultural garbage to sweeten the mix, and you have a world ripe for the Antichrist.
Even though I know it’s coming, I’m frankly shocked by how many remain stuck on stupid in our country with this stuff. Of course, their only lifeline to “news” is the MSM and many have no idea what they’re missing.
I am reminded of “cares of this life/world” etc. uttered by Christ Himself.
Mark 4:19 King James Version
19 And the cares of this world, and the deceitfulness of riches, and the lusts of other things entering in, choke the word, and it becometh unfruitful.
Luke 21:34-36 King James Version
34 And take heed to yourselves, lest at any time your hearts be overcharged with surfeiting, and drunkenness, and cares of this life, and so that day come upon you unawares.
35 For as a snare shall it come on all them that dwell on the face of the whole earth.
36 Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.
gold ping!
Our oil production is already greater than the Saudis but we use it internally. As long as oil stays around 50 bucks or above we will continue to produce more and more oil. Our coal and natural gas reserves are astronomical. "Bring it on China!"
Gold is currently $1340/oz, so that's 72910 pz per supertanker at current prices.
72910 oz is a bit more than 182 of those big 400-oz bars you see in the pictures of the national gold reserves.
A little close examination reveals that the gold bars in that image (of the gold vault at the Bank of England) reveals that the bars are stacked in groups of 36, four high by nine wide. Thus, each shelf in the foreground contains about 72 bars, and the value of one supertanker full of oil at todays prices is a bit more than the gold on two shelves. Each rack of bars could pay for about one and one-half supertankers.
I read once (long ago) that a chains of supertankers stretch between the middle east and their major markets; the chains are in motion 24-7, with the ships spaced at intervals of about 75 miles. By my reckoning, this means that each rack of bars in this pictures pays for about 120 miles worth of supertankers; when you consider that the route between the mid-east and their Asian markets is about 4500 miles, you can see that about 38 of those racks worth of gold is in motion between the mid-East and Asia at any one time.
Then add to that the oil in motion along the other major routes, and you can see that all the gold in that room would just about pay for all the oil in motion at any one moment in time.
That's if all those shelves are full to capacity, which they obviously are not.
So tell me; Is the Us Gold Standard the greatest lie ever told by the Fed perhaps knowing the real US Gold is tech/fracking and reserves?
I like to think Exxon knew 40 years ago fracking was the answer while Obama was spouting peak oil?
Greatest game changer ever in the history of the world next to the wheel shifting oil away from the Middle East and denying Environmental freaks/Marxists redistribution of American wealth.
Praying
This will only spur our resolve to stop trading with China. We are their #1 customer. Without our money, their economy tanks overnight and their crippling debt gets called in.
As usual, China is trying to project their large face to the world during BRICS.
Trump will introduce some reality to them next week.
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