The Chinese are leaving us
in the dust….One of the many reasons why the
in the dust….One of the many reasons why the
organized criminal syndicate [Rothschild
Moneychangers] in New York
Moneychangers] in New York
and London hate China [and
Russia].
Russia].
Wednesday, October
1, 2014
China will use gold
and gold pricing to force global currency reset
Courtesy of goldsilverworlds.com
On Sept. 30, statistician and economist Dr. Jim
Willie was a guest on the Caravan to Midnight radio show
to talk about current financial, economic, and geo-political events. During his
three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global
price controls for the monetary metal away from the Comex, and then force a global currency reset by
raising the price of gold to its true or actual value.
Willie was a guest on the Caravan to Midnight radio show
to talk about current financial, economic, and geo-political events. During his
three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global
price controls for the monetary metal away from the Comex, and then force a global currency reset by
raising the price of gold to its true or actual value.
The way this will come about in the near future according to Dr. Willie,
is that China will demand physical delivery on
their massive number of gold contracts they currently hold in the U.S. futures
market (Comex). And based upon supply details for the Comex
over the past two years, America's primary gold exchange no longer settles their
contracts through the delivery of physical gold, but instead settles in cash
payments or through the hedging of gold using derivatives.
Subsequently, once this failure to deliver takes place, then China, through the
Shanghai gold exchange, will become the default market for price discovery, and
at that point will re-adjust gold to its true value, instantly causing massive
chaos in the fiat currency markets and leaving the world little alternative but
to implement a complete currency reset.
is that China will demand physical delivery on
their massive number of gold contracts they currently hold in the U.S. futures
market (Comex). And based upon supply details for the Comex
over the past two years, America's primary gold exchange no longer settles their
contracts through the delivery of physical gold, but instead settles in cash
payments or through the hedging of gold using derivatives.
Subsequently, once this failure to deliver takes place, then China, through the
Shanghai gold exchange, will become the default market for price discovery, and
at that point will re-adjust gold to its true value, instantly causing massive
chaos in the fiat currency markets and leaving the world little alternative but
to implement a complete currency reset.
Dr. Jim Willie: When we get this next global currency reset, it's going
to be a complete reset. It apparently will happen predominantly in the gold
world. They are going to change the price of gold, and jam it down the U.S.'s
throat.
to be a complete reset. It apparently will happen predominantly in the gold
world. They are going to change the price of gold, and jam it down the U.S.'s
throat.
Take a look at the Comex. Since the middle of 2012 or so, they've been
forcing gold contracts to settle not in metal, but in [fiat] cash. And if you
don't like it, they'll ban you from the Comex. There's been very little if any
settlement of gold futures contracts for two years in physical gold metal.
They're not a gold market anymore, they're a derivative market for gold
instruments.
So, in late September... about a week ago, Shanghai started offering a
gold and futures contract, and they're settling in physical metal. And this is
rabidly threatening the United States and London. And interestingly, you will
notice shortly after this new exchange opened there are now uprisings in Hong
Kong.
But this is the final phase... the end-game of the next reset. They are
going to do this in Shanghai and with their global gold contracts, with the
real big event that's going to create mass disruptions in the [fiat] currency
markets. And those disruptions will be from the Asians declaring what the gold
price is, and with the Asians delivering and supplying physical metals at that
gold price. - Caravan to Midnight, Sept.
30
Several economic analysts, including John Williams, Peter Schiff, Dr.
Paul Craig Roberts, and Gerald Celente all gave predictions earlier this year
that a global currency reset event was
going to take place in 2014, with most believing it would come before the end of
summer. However, with the U.S. not on board with the rest of the world, and
instead seeking military conflicts to delay
the end of the
petro-dollar system, both Russia and China have had to
accelerate their efforts to create infrastructures that will allow a more fluid
transition for global trade once a currency reset actually takes
place.
Paul Craig Roberts, and Gerald Celente all gave predictions earlier this year
that a global currency reset event was
going to take place in 2014, with most believing it would come before the end of
summer. However, with the U.S. not on board with the rest of the world, and
instead seeking military conflicts to delay
the end of the
petro-dollar system, both Russia and China have had to
accelerate their efforts to create infrastructures that will allow a more fluid
transition for global trade once a currency reset actually takes
place.
Over the past several weeks, the dollar has grown in strength at
the same time the rest of the world's currencies have been collapsing. And
because of this, global accumulation of physical gold at depressed levels is
running at or near historic highs in an attempt to hedge sovereign currencies
that have run out of muster from years of low interest rates and slow money
velocities. And as several global financial indicators begin to reach a nexus,
and threaten once again to bring the world into another economic crisis, China
is recognizing that physical gold is the ultimate catalyst to force an end to
the domination of purely fiat finance, and that by revaluing gold to its
rightful price will have the effect of both protecting their own currency, and
wresting financial control away from the West and the system of dollar
hegemony.
the same time the rest of the world's currencies have been collapsing. And
because of this, global accumulation of physical gold at depressed levels is
running at or near historic highs in an attempt to hedge sovereign currencies
that have run out of muster from years of low interest rates and slow money
velocities. And as several global financial indicators begin to reach a nexus,
and threaten once again to bring the world into another economic crisis, China
is recognizing that physical gold is the ultimate catalyst to force an end to
the domination of purely fiat finance, and that by revaluing gold to its
rightful price will have the effect of both protecting their own currency, and
wresting financial control away from the West and the system of dollar
hegemony.
Posted by enerchi at 10/01/2014 11:11:00 PM
No comments:
Post a Comment