Wallampman: What are your thoughts about what will happen worldwide if China's Yuan is backed by Gold this Tuesday, April 19th?
EXOGEN: THAT IS PART OF THE PLAN AND TRANSITION AWAY FROM FIAT WORTHLESS CURRENCY LIKE THE USD. WE TOLD PEOPLE YEARS AGO THAT THE YUAN WOULD BE A GREAT PLACE FOR LEVERAGE USING MULTI CURRENCY ACCOUNTS AND MULTIPLE CURRENCY ACCOUNTS
THIS ALL TIES INTO THE MOVEMENT OF THE LONDON GOLD FIX TO SHANGHAI.
BASICALLY CHINA HAS ENOUGH WORTHLESS USA FIAT DOLLARS. THIS MOVE WILL ALSO PLAY MAJOR ROLE IN ELIMINATION OF THE PETRO DOLLAR'S GLOBAL INFLUENCE AND MONOPOLY.
THIS MOVE IS DIRECTLY RELATED TO THE AIIB, BRICS, MINT,. AND NEXT 11 COUNTRIES MOVING AWAY FROM THE WORTHLESS USA FIAT DOLLAR THAT IS BACKED BY THIN AIR.
AdminBill: WITH THE LACK OF NEWS AND ACTIONS I AM RETURNING TO A GUARDED POSITION – BLUE… I WILL RE-EVALUATE THIS CHANGE AFTER I SPEAK WITH PEOPLE TODAY - SORRY GUYS
IT IS MY UNDERSTANDING THAT THE CHINESE MAY MAKE AN ANNOUNCEMENT TUESDAY THAT THEIR CURRENCY, THE YUAN, WILL BE ASSET BACKED.
HOW CAN A COUNTRY WITH VIRTUALLY NO "ASSETS" BECOME ASSET BACKED.
TRUE, THEY HAVE ACCUMULATED A GREAT DEAL GOLD BUT NOT ENOUGH TO SUPPORT AN ASSET BACKED CURRENCY. WHERE ARE THE REQUIRED ASSETS COMING FROM?
IT IS MY UNDERSTANDING THAT A FEW YEARS BACK THE DEFINITION OF ASSET BACKED WAS REDEFINED. WHERE IN THE PAST ONLY CERTAIN ITEMS COULD BE CLAIMED AS ASSETS, SUCH AS GOLD, COULD BE CLAIMED AS AN ASSET. NOW GOLD AND SILVER ARE CONSIDERED A "CURRENCY" AND CURRENCIES HELD BY A COUNTRY THAT ARE FROM ANOTHER COUNTRY CAN NOW BE CLAIMED AS AN ASSET.
THE POINT BEING IS THAT FOR A COUNTRY TO "CLAIM" THEY ARE ASSET BACKED YOU MUST HAVE ASSETS IN PLACE TO MAKE THAT CLAIM.
SO, GOING BACK TO CHINA - WHAT "ASSETS" MIGHT THEY AND OTHER COUNTRIES HOLD THAT COULD BE VALUABLE ENOUGH, AT THE TIME THEY MAKE THAT ANNOUNCEMENT, TO SUPPORT THAT CLAIM?
Cruiser: I think I heard that a country's GDP would be figured into their assets.
Adminbill: CRUISER - YES - BUT NOW WE HAVE A DOWN TURN IN GDP AROUND THE WORLD - STILL NOT ENOUGH TO BACK A CURRENCY IMO
GEG-dinar: Admin Bill, can a country use other tangible assets such as oil, copper, agricultural assets, developed infrastructure assets as counting towards a value to back a currency?
AdminBill: GEG - I BELIEVE WITH THE NEW DEFINTION OF ASSETS THEY CAN
Cruiser: And I wonder if they can use all of the paper they own…. That's considered assets
AdminBill: CRUISER - THE "PAPER" NOW HAS VALUE
AdminBill: LET US ASSUME FOR A MINUTE THAT CHINA HAS THE ASSETS AND GOES ASSET BACKED - WHAT HAPPENS TO THE VALUE OF THE FIAT US DOLLARS VALUE AGAINST THE YUAN?
Curly: hyper inflation
AdminBill: CURLY - QUITE POSSIBLY TRUE - THIS IS A DISCUSSION OF POSSIBILITIES
Cruiser: World economies can't all change over night this may be a trigger to get all on board
GEG-Dinar: Admin Bill, of course the Dollar would drop. However the key is how will the market react to China's announcement? Will they force the value of the Yuan to skyrocket thus devalue the Dollar, or will the market believe that China is blowing smoke and that the supposed assets don't have the real value to back the Yuan. Nobody knows.
ACDC: The yuan is moving out of the controlled status it has been operating under into the major leagues so it can be included into the SDr basket. This is the process it needs to procure the movement of the ptb to rape the east after it pillaged the west. Their plans are decades generational
BigRich: By default china is becoming the reserve currency for many and bypassing the usd they will reap a windfall by bypassing a third party
Snickers: So guessing that it's not yet done done done. Unless, of course, this latest is just a big misdirection play at the end of regulation to get the chip shot field goal that ends it (after about 5 OT's).
Christina: snickers I go with your assumption they did tell us do not believe what you hear toward the end
OldDad: Well if China is going to start setting gold prices on Tuesday Then if China has virtually finished buying gold for the asset backing, then where will the price be set. Conversely if they haven't finished buying what they need, where do u think they will set the price?
Tman10: Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks http://www.zerohedge.com/news/2016-04-16/saudi-arabia-threatens-us-it-will-liquidate-its-treasury-holdings-if-congress-passes
Iran asks EU to put pressure on US to let it back into global banking system.https://www.rt.com/news/339850-mogherini-iran-sanctions-banking/
DavidM: MY TNT FRIENDS IN THE STILLNESS OF THE NIGHT, WHEN IT'S JUST YOU AND YOUR HEARTBEAT, THERE'S THAT EVER WHISPERING VOICE THAT SAYS .. *ALL THINGS ARE POSSIBLE*.
NO MATTER WHAT THE DAY MAY HAVE LEFT YOU WITH *REMEMBER* THIS, ALL THINGS ARE POSSIBLE! PLEASE ALLOW THAT WHISPER TO SUSTAIN AND KEEP YOU.
THE NEW DAWN WILL BRING WITH IT, RENEWED HOPE, RENEWED FAITH, AND A RENEWED STRENGTH TO CARRY FORWARD. LETS ALL CARRY FORWARD TOGETHER!
DAZ: THERE ARE NO CALENDARS, THERE ARE NO CLOCKS. ITS COLD OUTSIDE, SO PUT ON SOME SOCKS.
NOW WALK TO THE WINDOW AND LOOK OUTSIDE, WHICH ONE YOU SAY?...IT DOESNT REALLY MATTER CUZ, ITS ON ITS WAY.
WE DREAM, WE SCHEME, WE ANTICIPATE, DO NOT DESPAIR OR HESITATE. WE ALL KNOW BY NOW, THAT SOON ITS OUR FATE.
COME SOON, COME NOW...OR EVEN LATE. KEEP THOSE FIRES BURNING AND YOUR EYE ON THE BALL....A TIME WILL COME... FOR US ALL.
NurseGinger: It takes extraordinary people to recognize the following: Change Happens, Anticipate Change, Get Ready For Monitored Change, Adapt To Change Quickly, The Quicker You Let Go Of Old Change happens, Enjoy Change! Savor The Adventure Be Ready To Change Quickly And Enjoy ABOVE ALL REMAIN GROUNDED AND FOCUSED
Islandg1211: In re-reading CL's remarks, it appears that she was referring to developed countries not being in sync with each other to time global reforms. She feels if every country acted together with the needed reforms, the global economy would benefit.
She talked about reforms that would address developed countries increase in GNP, and the ME policies to address the problem of sustained lower oil prices by lowering spending and diversifying their economies. She gave a nod of approval to Veitnam's economic growth. I'm not sure if we can read more into her comments, or if she was even referring to the currency exchange rates in her speeches.
However, when we look at the action taken by the IMF immediately responding to the chaos that happened in the GOI this week, we could opine a bit more on her thinking. There was an immediate threat of withdrawing the loans to Iraq if the GOI doesn't get their act together. That action speaks volumes.
We need to watch closely these maneuverings. Look for the sticks and carrots. There's a lot happening because the PTB are very much involved.
A year ago, they were leaving it up to Iraq, while giving them money, and the U.S. military wasn't doing very much.
If CL's comments and the IMF's threat to not lend money to Iraq was taken in conjunction, is CL tossing out the idea (threat) that Veitnam, Indonesia could be allowed to RV without Iraq?
I'm not sure if that's reading too much into her comments.