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The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Natura Naturans
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User ID: 405349
09-13-2017 10:20 AM

Posts: 10,491



Post: #1
The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Advertisement
China Yuan Oil Futures

According to a report in the Japan Nikkei Asian Review, China is about to launch a crude oil futures contract denominated in Chinese yuan that will be convertible into gold. This, when coupled with other moves over the past two years by China to become a viable alternative to London and New York to Shanghai, becomes really interesting.

China is the world’s largest importer of oil, the vast majority of it still paid in US dollars. If the new Yuan oil futures contract gains wide acceptance, it could become the most important Asia-based crude oil benchmark, given that China is the world’s biggest oil importer. That would challenge the two Wall Street-dominated oil benchmark contracts in North Sea Brent and West Texas Intermediate oil futures that until now has given Wall Street huge hidden advantages.

That would be one more huge manipulation lever eliminated by China and its oil partners, including very specially Russia. Introduction of an oil futures contract traded in Shanghai in Yuan, which recently gained membership in the select IMF SDR group of currencies, oil futures especially when convertible into gold, could change the geopolitical balance of power dramatically away from the Atlantic world to Eurasia.

In April 2016 China made a major move to become the new center for gold exchange and the world center of gold trade, physical gold. China today is the world’s largest gold producer, far ahead of fellow BRICS member South Africa, with Russia number two.

China has now established a vast storage center in the Chinese Qianhai Free Trade Zone next to Shenzhen, the city of some 18 million immediately north of Hong Kong on the Pearl River Delta. Now China is completing construction of a permanent gold vault facility, including a bonded warehouse, trading floor and related offices areas. The 105-year-old Hong Kong-based Chinese Gold and Silver Exchange Society is in a joint project with ICBC, China’s largest state bank and its largest gold importing bank, to create the Qianhai Storage Center. It begins to become clear why Washington deceptive NGOs such as the National Endowment for Democracy tried, unsuccessfully, to create an anti-Beijing Color Revolution, the Umbrella Revolution in Hong Kong in late 2014.

Now to add the new oil futures contract traded in China in Yuan with the gold backing will lead to a dramatic shift by key OPEC members, even in the Middle East, to prefer gold-backed Yuan for their oil over inflated US dollars that carry a geopolitical risk as Qatar experienced following the Trump visit to Riyadh some months ago. Notably, Russian state oil giant, Rosneft just announced that Chinese state oil company, CEFC China Energy Company Ltd. Just bought a 14% share of Rosneft from Qatar. It’s all beginning to fit together into a very coherent strategy.

The dollar imperium is in its painful death agony and its patriarchs are in reality denial otherwise known as the Trump presidency. Meanwhile the saner elements of this world are about building constructive, peaceful alternatives. They are even open to admit Washington, under honest rules, to join them. That’s remarkably generous isn’t it?
https://journal-neo.org/2017/09/13/gold-...and-china/

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
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LoP Guest
lop guest
User ID: 430424
09-13-2017 10:46 AM

 



Post: #2
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Not if America starts WW3 first!
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LoP Guest
lop guest
User ID: 429519
09-13-2017 11:47 AM

 



Post: #3
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Get ready for third world living conditions in the USA.

The rich will be find and live in their own protected areas. The USA will more resemble India with huge wealth and equally huge poverty. People will work for very little and the economy for the little people will crash.
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LoP Guest
lop guest
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09-13-2017 02:00 PM

 



Post: #4
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
lol

Convertible notes are one of the biggest scam in the finance world.
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Natura Naturans
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User ID: 415819
09-13-2017 04:07 PM

Posts: 10,491



Post: #5
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Throughout history the only thing that kept fiat money or debased money from collapse was governmental penalties for not using it. They don't call it "fiat" for nothing. The US government banned gold in 1933 when FDR printed too much money and the Europeans were draining it out of the US. The same thing happened in 1972 when Nixon ended Bretton Woods. Nixon spent too much money on the Vietnam war and closed the gold window. Since then historians have known it was only a matter of time before the dollar died and real money, gold and silver returned. It is being forced upon us now by the BRICS. The question we all have to ask ourselves is will we be ruined by it or will we buy gold before it becomes unaffordable. The time is now. Gold is up 10% and the dollar is down, and it will only get worse and worse until Americans are faced with runaway inflation like Venezuela.

Gold was $20. an ounce in 1913 when the Federal Reserve usurped Treasury's job overseeing money. Gold today is $1300. an ounce while the US dollar has lost 97% of it's value since then. The Elites played the public for idiots and bought all the "real" wealth, metals and real estate, exchanging fake US dollars for it. Now, the public has little gold, and not even the houses they own since they must pay exorbitant property taxes. They really have made fools out of the public without riots in the street. When the dollar collapses there WILL be riots in the street as people realize they have been totally had. Why has the government passed Patriot acts and intensive invasive surveillance acts? Why is every agency of government buying huge stockpiles of guns and ammunition? To cope with us when the dollar collapses. The government has built a huge military, prison system, and police. They will have to use it once the dollar dies.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
(This post was last modified: 09-13-2017 04:12 PM by Natura Naturans.) Quote this message in a reply
Damrod
Seeker of knowledge
User ID: 429943
09-13-2017 04:10 PM

Posts: 12,967



Post: #6
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
"backed currencies" are a thing that can only be maintained by a demand for that 'thing"....

I think we should have a corn or potato backed currency....makes just as much sense.

"need" should outweigh "want"....

No one "needs" gold but they want it....Everyone needs to eat.

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." Thomas Jefferson

"Liberty means responsibility, which is why most men dread it." George Bernard Shaw

"Republics decline into democracies and democracies degenerate into despotism"...Aristotle
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Damrod
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User ID: 429943
09-13-2017 04:13 PM

Posts: 12,967



Post: #7
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Natura Naturans  Wrote: (09-13-2017 04:07 PM)
Throughout history the only thing that kept fiat money or debased money from collapse was governmental penalties for not using it. They don't call it "fiat" for nothing. The US government banned gold in 1933 when FDR printed too much money and the Europeans were draining it out of the US. The same thing happened in 1972 when Nixon ended Bretton Woods. Nixon spent too much money on the Vietnam war and closed the gold window. Since then historians have known it was only a matter of time before the dollar died and real money, gold and silver returned. It is being forced upon us now by the BRICS. The question we all have to ask ourselves is will we be ruined by it or will we buy gold before it becomes unaffordable. The time is now. Gold is up 10% and the dollar is down, and it will only get worse and worse until Americans are faced with runaway inflation like Venezuela.

Gold was $20. an ounce in 1913 when the Federal Reserve usurped Treasury's job overseeing money. Gold today is $1300. an ounce while the US dollar has lost 97% of it's value since then. The Elites played the public for idiots and bought all the "real" wealth, metals and real estate, exchanging fake US dollars for it. Now, the public has little gold, and not even the houses they own since they must pay exorbitant property taxes. They really have made fools out of the public without riots in the street. When the dollar collapses there WILL be riots in the street as people realize they have been totally had.



Another little bit of history.

In 1972, the minimum wage was 1.60 an hour and gold was $64.00 an ounce. it took a minimum wage worker 40 hours of work to earn an ounce of gold.

Today, The minimum wage is $7.25 an hour and gold is $1,327.22 per ounce. A person working for minimum wage today has to work 183.06 hours to earn an ounce of gold.

Tell me something did not get radically f*cked up somewhere along the way....

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." Thomas Jefferson

"Liberty means responsibility, which is why most men dread it." George Bernard Shaw

"Republics decline into democracies and democracies degenerate into despotism"...Aristotle
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Natura Naturans
Registered User
User ID: 415819
09-13-2017 04:17 PM

Posts: 10,491



Post: #8
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Damrod  Wrote: (09-13-2017 04:13 PM)
Natura Naturans  Wrote: (09-13-2017 04:07 PM)
Throughout history the only thing that kept fiat money or debased money from collapse was governmental penalties for not using it. They don't call it "fiat" for nothing. The US government banned gold in 1933 when FDR printed too much money and the Europeans were draining it out of the US. The same thing happened in 1972 when Nixon ended Bretton Woods. Nixon spent too much money on the Vietnam war and closed the gold window. Since then historians have known it was only a matter of time before the dollar died and real money, gold and silver returned. It is being forced upon us now by the BRICS. The question we all have to ask ourselves is will we be ruined by it or will we buy gold before it becomes unaffordable. The time is now. Gold is up 10% and the dollar is down, and it will only get worse and worse until Americans are faced with runaway inflation like Venezuela.

Gold was $20. an ounce in 1913 when the Federal Reserve usurped Treasury's job overseeing money. Gold today is $1300. an ounce while the US dollar has lost 97% of it's value since then. The Elites played the public for idiots and bought all the "real" wealth, metals and real estate, exchanging fake US dollars for it. Now, the public has little gold, and not even the houses they own since they must pay exorbitant property taxes. They really have made fools out of the public without riots in the street. When the dollar collapses there WILL be riots in the street as people realize they have been totally had.



Another little bit of history.

In 1972, the minimum wage was 1.60 an hour and gold was $64.00 an ounce. it took a minimum wage worker 40 hours of work to earn an ounce of gold.

Today, The minimum wage is $7.25 an hour and gold is $1,327.22 per ounce. A person working for minimum wage today has to work 183.06 hours to earn an ounce of gold.

Tell me something did not get radically f*cked up somewhere along the way....

The reason both conservatives and liberals love immigration is the same reason fiat money inflates, it makes labor cheaper. The US worker works harder than any in the world, and receives less and less wealth from it every year. That is a fact beyond dispute. That is why electing Trump failed to stem immigration, why 1 out of 5 US residents are immigrants. The elites have and are screwing the working class every day.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
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LoP Guest
lop guest
User ID: 397555
09-13-2017 04:22 PM

 



Post: #9
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Natura Naturans  Wrote: (09-13-2017 04:07 PM)
Throughout history the only thing that kept fiat money or debased money from collapse was governmental penalties for not using it. They don't call it "fiat" for nothing. The US government banned gold in 1933 when FDR printed too much money and the Europeans were draining it out of the US. The same thing happened in 1972 when Nixon ended Bretton Woods. Nixon spent too much money on the Vietnam war and closed the gold window. Since then historians have known it was only a matter of time before the dollar died and real money, gold and silver returned. It is being forced upon us now by the BRICS. The question we all have to ask ourselves is will we be ruined by it or will we buy gold before it becomes unaffordable. The time is now. Gold is up 10% and the dollar is down, and it will only get worse and worse until Americans are faced with runaway inflation like Venezuela.

Gold was $20. an ounce in 1913 when the Federal Reserve usurped Treasury's job overseeing money. Gold today is $1300. an ounce while the US dollar has lost 97% of it's value since then. The Elites played the public for idiots and bought all the "real" wealth, metals and real estate, exchanging fake US dollars for it. Now, the public has little gold, and not even the houses they own since they must pay exorbitant property taxes. They really have made fools out of the public without riots in the street. When the dollar collapses there WILL be riots in the street as people realize they have been totally had. Why has the government passed Patriot acts and intensive invasive surveillance acts? Why is every agency of government buying huge stockpiles of guns and ammunition? To cope with us when the dollar collapses. The government has built a huge military, prison system, and police. They will have to use it once the dollar dies.

Yah I think so but central banks do own gold, none of the esteemed economists like Krugman have ever been able to adequately explain why central banks still own gold.

When Ron Paul asked Bernanke in a congressional hearing what his definition of money was, Bernanke began a long discourse in federal reserve operations and commercial banking law.

That's because our money is really a system, more like a game, like monopoly money.

Lmao
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LoP Guest
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User ID: 380867
09-13-2017 04:35 PM

 



Post: #10
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
The only thing debasing our dollars is the federal reserve bankers.
Russia and China can only wreck Russia and China. We let our own elite rich folks shake us down, now they have it all and we got nothing.
Thus all the armed agencies and spying, anti terrist laws and so forth.
They figure at some point you might get wise and come after them.
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Damrod
Seeker of knowledge
User ID: 429943
09-13-2017 04:40 PM

Posts: 12,967



Post: #11
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
LoP Guest  Wrote: (09-13-2017 04:35 PM)
The only thing debasing our dollars is the federal reserve bankers.
Russia and China can only wreck Russia and China. We let our own elite rich folks shake us down, now they have it all and we got nothing.
Thus all the armed agencies and spying, anti terrist laws and so forth.
They figure at some point you might get wise and come after them.

Sort of but not exactly.

By ruining our own manufacturing base of the essentials we need as a country, now we have to negotiate currency for trade.

Our "dollar" is only worth what it is right now because of the "petro dollar".

China can make everything it needs....Russia probably can as well (I have no idea what the trade relationship is between Russia and China but I assume it is pretty solid.)

When you have a "need"...you are weaker ground when negotiating. The person you are negotiating with knows you "need" what they are selling.

We used to could say...."Well I don't want your ....hammers....I can make my own. Now we need them damn Chinese hammers because we don't make our own.

That was a crappy, simple example but it makes the point.

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." Thomas Jefferson

"Liberty means responsibility, which is why most men dread it." George Bernard Shaw

"Republics decline into democracies and democracies degenerate into despotism"...Aristotle
Quote this message in a reply
Fallingdown
Registered User
User ID: 397042
09-13-2017 04:46 PM

Posts: 26,035



Post: #12
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Natura Naturans  Wrote: (09-13-2017 04:07 PM)
Throughout history the only thing that kept fiat money or debased money from collapse was governmental penalties for not using it. They don't call it "fiat" for nothing. The US government banned gold in 1933 when FDR printed too much money and the Europeans were draining it out of the US. The same thing happened in 1972 when Nixon ended Bretton Woods. Nixon spent too much money on the Vietnam war and closed the gold window. Since then historians have known it was only a matter of time before the dollar died and real money, gold and silver returned. It is being forced upon us now by the BRICS. The question we all have to ask ourselves is will we be ruined by it or will we buy gold before it becomes unaffordable. The time is now. Gold is up 10% and the dollar is down, and it will only get worse and worse until Americans are faced with runaway inflation like Venezuela.

Gold was $20. an ounce in 1913 when the Federal Reserve usurped Treasury's job overseeing money. Gold today is $1300. an ounce while the US dollar has lost 97% of it's value since then. The Elites played the public for idiots and bought all the "real" wealth, metals and real estate, exchanging fake US dollars for it. Now, the public has little gold, and not even the houses they own since they must pay exorbitant property taxes. They really have made fools out of the public without riots in the street. When the dollar collapses there WILL be riots in the street as people realize they have been totally had. Why has the government passed Patriot acts and intensive invasive surveillance acts? Why is every agency of government buying huge stockpiles of guns and ammunition? To cope with us when the dollar collapses. The government has built a huge military, prison system, and police. They will have to use it once the dollar dies.

do you want to bet you just posted nonsense? christ we've been hearing the same thing for two years. Ain't going to happen the world won't except it people don't like change .


so when exactly is this going to happen?

Sooooon?

On Donald Trump .......

"It's better to have a successful jerk then a charming failure"

Kim Guilfoyle
(This post was last modified: 09-13-2017 04:49 PM by Fallingdown.) Quote this message in a reply
LoP Guest
lop guest
User ID: 380867
09-13-2017 04:47 PM

 



Post: #13
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Damrod  Wrote: (09-13-2017 04:40 PM)
LoP Guest  Wrote: (09-13-2017 04:35 PM)
The only thing debasing our dollars is the federal reserve bankers.
Russia and China can only wreck Russia and China. We let our own elite rich folks shake us down, now they have it all and we got nothing.
Thus all the armed agencies and spying, anti terrist laws and so forth.
They figure at some point you might get wise and come after them.

Sort of but not exactly.

By ruining our own manufacturing base of the essentials we need as a country, now we have to negotiate currency for trade.

Our "dollar" is only worth what it is right now because of the "petro dollar".

China can make everything it needs....Russia probably can as well (I have no idea what the trade relationship is between Russia and China but I assume it is pretty solid.)

When you have a "need"...you are weaker ground when negotiating. The person you are negotiating with knows you "need" what they are selling.

We used to could say...."Well I don't want your ....hammers....I can make my own. Now we need them damn Chinese hammers because we don't make our own.

That was a crappy, simple example but it makes the point.
You have explained our trade deficits, but the thread was about the failing dollar. The bailouts of '08, '09 were done by conjuring approximately 20 trillion dollars into existence. 16 trillion of which went to foreign owned banks. They talk about 800 billion but that was just the foam on the top, admitted to for public consumption.
Every time the stock market dips, within a day magical things happen. Buyer(s) with bottomless pockets buy the key stocks that drive the index back to unchanged or even a new high. We just saw this on Monday. Go look at it.
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Natura Naturans
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User ID: 415819
09-13-2017 04:48 PM

Posts: 10,491



Post: #14
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
This is the greatest doom for Americans, the total loss of our money's strength will turn the US into a third world country fast. The government thought that with enough guns and tanks they could keep the system going. That is why they invaded Iraq Libya and Syria. But those actions only delayed the inevitable. Russia and China really will bury the US Imperial era, and without firing a single bullet. It would take war with Russia and China to change the equation. All the threats you see the US government making with Russia and China are due to this threat to the US dollar, and it is a dangerous time. Will the US go softly into the night of failed empires? We will see.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
(This post was last modified: 09-13-2017 04:53 PM by Natura Naturans.) Quote this message in a reply
LoP Guest
lop guest
User ID: 403626
09-13-2017 04:53 PM

 



Post: #15
RE: The Collapse of the US Dollar Caused By Russia and China Gold Backed Currencies
Yes while everyone in the U.S. was in Hurricane mode last week China was hosting the BRICS Summit. It appears that China has been busy developing its Black Gold program and may already have a crypto currency to roll out. This Crypto Currency was being promoted on a poster in the background during a speech that Venezuelan ruler Maduro made over a year ago.

Venezuela is sitting on the largest oil reserves in the world and Maduro is already on record saying Venezuela will ditch the dollar in favor of the Gold backed Yuan. China has supplied Venezuela loans and weapons to control the citizens. Of course these loans are guaranteed and backed by Venezuelan Oil. Russia and Goldman Sachs are also doing backroom deals with Maduro while the citizens are starving...

Short video below covers China BRICS Summit last week

https://m.youtube.com/watch?v=wyzfKgdVksI
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