by David Kranzler Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. Francisco’s Money Speech – When Atlas Shrugged Last night around 12:30 a.m. EST, $1.5 billion of paper gold was dumped into the Comex Globex computer trading system[...]
Tag: china
China’s Massive Holdings of Gold Bullion. Is the West Financially Bankrupt?
Alisdair Macleod of Goldmoney.com in a recent article suggests China may already have accumulated between 20,000 and 25,000 tons of gold prior to 2002. Please read this very carefully as it makes very good sense and puts a piece into the puzzle which was missing for so long. Let me also add, if this turns out to be true then it is THE biggest financial news since August 15, 1971 when the U.S.[...]
CURRENCY WARS ALERT: Big Nations Snub Beijing Bank Launch After US Lobbying
Jamil Anderlini Financial Times, London Tuesday, October 22, 2014 BEIJING — China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are dominated by America and its allies. But only 20 mostly small economies, many of them effectively client states of China, will [...]
The GLD Trust Is Being Drained – You Were Warned About Counterparty Risk!
by David Kranzler Investment Research Dynamics It’s a matter of “trust.” How much do you trust GLD’s vault custodian, HSBC? Has HSBC given us any reason to place trust in both its financial reporting and the way it operates? HSBC has been already been nailed for rigging LIBOR and the LBMA gold fix. [...] I wonder how many of those bars shown in the picture do not belong in the GLD[...]
Russians Stunned By China’s Move To End Western Dominance – KWN
King World News speaks with John Ing about China's plan to monetize gold and Russia's reaction toward this strategy to end Western dominance. Ing also spoke about the currency wars which are breaking out that will only add fuel to the global fire. Also included in the interview is information never reported in Western media such as the massive purchases of physical gold by China and the many[...]
End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On
History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to [...]