If China's currency collapses due to a real estate / fraud scandal of biblical proportions (2030+/-), I assume their currency would collapse and therefore, follow the debt-based system into the black hole. Only left standing would be real assets like gold oil etc. Maybe another reason for China's appetite for gold...buy before the sh__t hits the fan. The price which would be unimaginable. Any thoughts.
My understanding is that China is encouraging domestic ownership of gold. When Gold revalues higher domestic balance sheets will be repaired by the new valuation of gold. Gold becomes the defacto savings vehicle and moves excess savings out of markets like housing and into gold. Taking speculation out of markets that matter to family formation and harmonious societal growth. Smart move by the Chinese. They'll be set for the next 100 years if they can pull this off.
That was very good video IMHO. Over the years I have heard a lot from different directions on these topics, and this gentleman brought a lot of bits and bobs together. 👍🏻👍🏻
It should be easy to rollout a gold based fintech system across BRICS. Up until the 90's when most SEA nations had capital controls, retail gold shops across the region where able to "wire" money thru the gold ledgers to move money say from Taiwan to Thailand for individuals and small companies. This is just a B to B version.
Let's say you are right. What kind of retaliation would you expect from the BRICS? China / Russia has equal access to defense technology but with massive manufacturing and resources to back a war economy. Imagine them directing their combined forces at the U.S. Fuk with the money and see what happens.
Interesting that gold used as collateral for infrastructure projects. So many countries under developed. Better yet team china help perform the build out.
Amazin' to see how so many believe China is going to collapse but the U.S. isn't. The U.S. has no manufacturing capabilities. The U.S. is not self-sufficient on most things. The U.S. continues to fall further and further behind on technology such as chips and rare earth minerals. The U.S. debt continues to spiral out of control and everyone has their head in the sand. There is a serious wake-up call coming and few are prepared. And, the TACO Clown isn't leading us out of the wilderness and he is coming down from the Mountain with a golden tablet. Going to get ugly, folks! Time to wake-up and smell the coffee!
Interesting video by Peter
https://www.youtube.com/watch?v=a2AJvCPcNUE
If China's currency collapses due to a real estate / fraud scandal of biblical proportions (2030+/-), I assume their currency would collapse and therefore, follow the debt-based system into the black hole. Only left standing would be real assets like gold oil etc. Maybe another reason for China's appetite for gold...buy before the sh__t hits the fan. The price which would be unimaginable. Any thoughts.
Some people familiar w/china claim the Chinese people are buying gold because China has a history of changing currencies, making their
$$ valueless. Not sure personally
My understanding is that China is encouraging domestic ownership of gold. When Gold revalues higher domestic balance sheets will be repaired by the new valuation of gold. Gold becomes the defacto savings vehicle and moves excess savings out of markets like housing and into gold. Taking speculation out of markets that matter to family formation and harmonious societal growth. Smart move by the Chinese. They'll be set for the next 100 years if they can pull this off.
That was very good video IMHO. Over the years I have heard a lot from different directions on these topics, and this gentleman brought a lot of bits and bobs together. 👍🏻👍🏻
It should be easy to rollout a gold based fintech system across BRICS. Up until the 90's when most SEA nations had capital controls, retail gold shops across the region where able to "wire" money thru the gold ledgers to move money say from Taiwan to Thailand for individuals and small companies. This is just a B to B version.
Disquieting thought— Next step in the weaponization of finance: Vault-buster Gold-seeking missiles ?
Advantage BTC, unless someone takes out the internet
Goldfinger. Irradiating their gold
Let's say you are right. What kind of retaliation would you expect from the BRICS? China / Russia has equal access to defense technology but with massive manufacturing and resources to back a war economy. Imagine them directing their combined forces at the U.S. Fuk with the money and see what happens.
Yes, disquieting
Interesting that gold used as collateral for infrastructure projects. So many countries under developed. Better yet team china help perform the build out.
Seems Iike the united states is rushing into btc to back the dollar debt and the east/global south is running to gold.
When is the brics summit this year?
Is it possible that gold will be revalued by market forces after the 2025 brics summit.
yes....
Great Memorial Day Missive.
Thanks Vince
Oil is new dollar, XI is the new Bush
Amazin' to see how so many believe China is going to collapse but the U.S. isn't. The U.S. has no manufacturing capabilities. The U.S. is not self-sufficient on most things. The U.S. continues to fall further and further behind on technology such as chips and rare earth minerals. The U.S. debt continues to spiral out of control and everyone has their head in the sand. There is a serious wake-up call coming and few are prepared. And, the TACO Clown isn't leading us out of the wilderness and he is coming down from the Mountain with a golden tablet. Going to get ugly, folks! Time to wake-up and smell the coffee!
i think the imf s 5 percent YUAN prediction is similar to all THE EXPERTS negative predictions of the increasing E/V ADOPTION eg WISHFUL THINKING ??