Friday, July 3, 2020

Gold-Backed Yuan

China is buying up gold mines around the world. You can read about it here:

https://deutsche-wirtschafts-nachrichten.de/504862/China-kauft-weltweit-Goldminen-auf-Was-steckt-dahinter [translation required]

If and when they issue a gold-backed yuan, the US dollar will be toast.

When the US crashes, keep one thing in mind - it was not the fault of the Chinese. The US is failing because of its own banks, corporations, and government, who decided to wreck our economy and currency for the benefit of the rich and to facilitate our transition into just another province of a global government.

Update 6/7/2020

The pressure is on for China to ditch the US dollar:

https://www.scmp.com/economy/china-economy/article/3091865/time-china-decouple-yuan-us-dollar-former-party-official

If you think we're in trouble now, just wait until the dollar crashes.

No comments:

Post a Comment