China Moving in on the Dollar - the Increasing Illiquidity of the United States Dollar
Copyright for my comments on the linked articles: Copyright, R. Kossover, 2013
17 October, 2013
This is where it gets personal for ALL of us. Gotten from Lauro Padron. Read carefully and PAY ATTENTION. Translate this into other languages for those who are unable to read English. THIS IS IMPORTANT!
If major AMERICAN banks are doing this, you can bet your bottom whatever you use that major banks where you live are prepared to follow suit soon.
19 October, 2013
I got this from my buddy, Al Cuppett. He talks about his stint at the Dept. of Commerce. Then follows what I'm posting below. But I can go one better. Adina used to work at the Department of the Treasury, and she was in charge of, among other things, office supplies. If she wanted pencils, for example, she just couldn't go down to an office supply shop and buy a dozen or two for the office and be reimbursed from a petty cash fund like I did at Burger King. No, she had to place an order all the way to St. Louis, where just getting pencils took over a week! Now feast your eyes on this e-mail sent to Al Cuppett by Pat.
Sent: Wednesday, October 16, 2013 4:35 PM
Subject: ok, i found my paper copy in the trash and copied it...i'm not the best typest so over look the typos.
Evidently the original that I sent out was "blank" in the context; so here it is again..Hope this goes thru as it sure makes alot of sense.
I HAVE WORKED IN THE GOVERNMENT ON AND OFF FOR 40 YEARS. DURING THAT TIME I BECAME QUITE FAMILIAR WITH REQUISITIONS, BIDDING AWARDING CONTRACTS ETC.
IT IS A TIME CONSUMING PROCESS WITH BEAN COUNTERS AND PENCIL-NECKED BUREAUCRATS EVERY STEP OF THE WAY. THE SIMPLEST REQUEST TAKES MONTHS; NOT DAYS OR HOURS.
HOWEVER, IN LESS THAN 8 HOURS OF THE SHUTDOWN, MIRACULOUSLY, PROFESSIONALLY PRINTED 3 X 4 FOOT SIGNS APPEARED ALL OVER THE COUNTRY IN THE TENS OF THOUSANDS SAYING - "THIS PARK, FACILITY, ETC, WITH CUSTOM LOGOS “CLOSED DUE TO GOVERNMENT SHUTDOWN." THERE HAS NOT BEEN A GOVERNMENT SHUTDOWN IN 17 YEARS. THE MATERIALS WERE THEN ORDERED AND THE SIGNS MANUFACTURED, THEN DISTRIBUTED. MOREOVER, U.S. MAIL OR FREIGHT COMPANIES SIGNS WERE DESIGNATED-- SPECIFICATIONS WERE DETERMINED, SIGNS WERE THEN REQUISITIONED, BIDS WERE POSTED AND VETTED, GOVERNMENT CONTRACTS WERE AWARDED. THIS SHUTDOWN WAS ORCHESTRATED AND PLANNED WELL IN ADVANCE AT LEAST 6 - 8 MONTHS AGO.
End of Pat's email. Next time you read ANYTHING about the American government, make sure your bullshit detection meter is set to HIGH..
The money lines from this money article:
"China is the largest producer of gold in the world, and it has also been importing an absolutely massive amount of gold from other nations. But instead of slowing down, the Chinese appear to be accelerating their gold buying. In fact, money manager Stephen Leeb says that his sources are telling him that China plans to buy another 5,000 tons of gold. There are many that are convinced that China eventually plans to back the yuan with gold and try to make it the number one alternative to the U.S. dollar.
So exactly what would happen if the Chinese announced someday that they were going to back their currency with gold and would no longer be using the U.S. dollar in international trade?"
This change is coming soon - very soon. The Chinese encourage their own citizens to hold gold and silver. Ought not we follow that same policy ourselves - even if our governments are too stupid, craven or short-sighted to encourage us to?
BARRY DOES NOT FOLLOW HIS OWN RULES. HE DOES NOT HAVE TO.
And people have the chutzpah to call me a troll when I dare to criticise this bullshitting apostate Muslim anti POTUS Caliph Barry fcuking Soetoro.
A Stinking loser and equally stinking hypocrite with a failed foreign policy endangering the world with his Muslim Brotherhood henchmen.
That undermined and betrayed Americans re-elected this treacherous mongrel douche bag because he promised them change is the only promise he has kept so far.
The only change they will have will be the few loose dimes and quarters that have not fallen through the holes in their pants pockets.
To say I dislike this filthy dog is an understatement.
He has turned the USA into a quagmire of desperation with a deceptively increasing 7% unemployment rate and the ever growing USD$17 TRILLION debt.
Read his words again:
" You don't spend what you don't have. So if we want to spend, we'll need to find somewhere else to cut. This is the rule that families across this country follow every single day -- and there's no reason why their government shouldn't do the same. " - President Obama February 23, 2009
Ben II posted this You Tube video concerning this, an RT interview with investment expert, Peter Schiff