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Title: Russia Is Returning To The Gold Standard: Is China Next?
Source: [None]
URL Source: https://www.zerohedge.com/markets/r ... rning-gold-standard-china-next
Published: May 3, 2022
Author: Tyler Durden
Post Date: 2022-05-03 19:42:48 by Horse
Keywords: None
Views: 172
Comments: 1

The most profound seismic shift in the global monetary bedrock is happening right before our eyes, and no one seems to notice or care. Eventually, they will have to.

Poster Comment:

America could go onto the gold plated lead bar standard. We let them steal the gold from Fort Knox.

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#1. To: Horse (#0)

Is China Next?

We let them steal the gold from Fort Knox.

China has been accumulating gold in anticipation of releasing a 40% gold backed Yuan. If that ever happens the dollar will crumble into dust since it is only backed by promises to pay.

The FED took the gold from Ft. Knox as collateral on the U.S. debt. As the debt increases, so does the value of gold. That is simple economics. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-05-03   21:19:41 ET  Reply   Trace   Private Reply  

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