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My comment : My hunch was correct (based on MidelKoop interview) that it will be a slower process than what other anticipated. However, China did backed their Yuan with Gold yesterday, but I haven't heard any other major announcement with it. It is a big announcement of itself and this moved will have a big impact.
China is very patient and is a reasonable voice that takes one step at a time steadily advancing towards it's goal to reform the Economic System to something transparent, right, and fair to all nations interest.
Here's is what Stephen Jones comments about it(underlined are his) :
Quote:
Today the Shanghai Gold Exchange launched their new gold price fix denominated in China's currency. Because their currency (the yuan, or renminbi) is still not fully exchangeable around the world, the influence of this new Exchange will be limited for now, but it will grow as the yuan itself gains influence. Today the prices of both gold and silver rose, with silver rising more than 4% to nearly $17/oz.
It is also being reported that the Shanghai Exchange is pricing both gold and silver, and that the Exchange has purchased about 1100 TONS of silver just since last December.
Perhaps this has caught the markets by surprise. It appears that they have been the biggest buyers of silver in the past eight months, purchasing close to 1500 tons in that time. It appears that the time of low prices is nearly over. Apparently, JPMorgan believes the same, as it has accumulated even more silver than the Shanghai Exchange, although the investment bank has done so over a period of five years.
“What China has essentially done today is introduced their own gold fix priced in yuan. Once the world views gold in terms of yuan per grams of gold as the way of measuring and trading gold, that will mean that China is officially controlling the world’s gold market. You have to also remember that China has already acknowledged that they want gold to play a much more important role in the world monetary system…
“And if China is controlling the world’s gold market, gold will start to play a much more important monetary role. The reality is that China has downplayed the true amount of their massive gold holdings, and we are nearing the point where the Chinese will announce that they are the largest holders of gold in the world. This will put China front and center in terms of controlling the global monetary system and it will also put China in a position to dominate the world economy.
Meanwhile, the West is desperately trying to stop the power from heading to the East. Regardless, this world is changing very quickly and the power is moving toward the East, and investors had better take note and position themselves accordingly. What I am saying, Eric, is that investors better own gold and continue to buy gold just like the Chinese because the price is ultimately headed to somewhere between $10,000 and $20,000, and it will be the Chinese that make that happen for their own benefit.”
It may take some months or even years to reach such heights, but I am more interested in seeing silver hit $50/oz, as that is the sign I am looking for.
My comment: In addition to the recent game changer Gold backed Yuan, there's been major tension between Saudi Arabia and the US last week regarding the disclosure of 911. Saudi Arabia has been threatening the US that it will sell all their US treasuries if the US implied the in the involvement of 911.
Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony “
It seems the end really is nigh for the U.S. dollar.
And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.
The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports:
Quote:
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
China has been working for years to establish global currency status, and will strengthen the yuan by backing it with gold in moves clearly designed to cripple the role of the dollar. Zero Hedge reports:
Quote:
China’s shift to an official local-currency-based gold fixing is “the culmination of a two-year plan to move away from a US-centric monetary system,” according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that “by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars.”
Putin also waits in the shadows, making similar moves and creating alliances to out-balance the United States with a growing Asian economy on the global stage.
Luke Rudkowski of WeAreChange asks “Is This The End of the U.S. Dollar?” in the video below.
He writes:
Quote:
In this video Luke Rudkowski reports on the breaking news of both China and Saudi Arabia making geopolitical moves that could cause a U.S economic collapse and obliteration of the U.S hegemony petrodollar. We go over China’s new gold backed yuan that cannot be traded in U.S dollars and rising tension with Saudi Arabia threatening economic blackmail if their role in 911 is exposed.
Visit WeAreChange.org where this video report was first published.
The Federal Reserve, Henry Kissinger, the Rockefellers and their allies created the petrodollar and insisted upon the world using the U.S. dollar to buy oil, placing debt in American currency and entire countries under the yoke of the West.
But that paradigm has been crumbling as world order shifts away from U.S. hegemony.
It is a matter of when – not if – these events will change the U.S. financial landscape forever.
As SHTF has warned, major events are taking place, and no one can say if stability will be here tomorrow.
Stay vigilant, and prepare yourself and your family as best as you can.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180359 04/24/1611:48 AM04/24/1611:48 AM
"President Obama went to Saudi Arabia today and was greeted at the airport in Riyadh by the local governor. King Salman showed his displeasure with Obama by skipping his arrival, after greeting other Mideast leaders at the airport. This is how diplomats snub one another politely.
The king did meet the president later, where Obama "cleared the air," and the BBC reported "frank and open discussions." That is media language for "they had a big argument that resolved nothing."
The diplomats are now comparing US-Saudi relations to a bad marriage, where the two are "stuck with each other," even though they strongly dislike each other. Remember the early days of Obama when he was welcomed as a hero in Saudi Arabia and Egypt as the first American Muslim president? What a difference seven years makes!
Since Saudi Arabia has been on my watch list since the early 1990's as a potential candidate to fulfill Jeremiah 19:11 (destroying Jerusalem), this stormy relationship may have great prophetic significance in the time ahead.
The BBC news also made mention that the Saudi war against Yemen was being paid for (at least in part) by the US government. Did I miss that report earlier? The Saudi's indiscriminate bombing campaign against civilians is being called a war crime around the world. The US is reported to be unhappy that the Saudi's refuse to bomb al-quaida in Yemen, while eagerly bombing civilians.
Meanwhile, the Saudis are unhappy that the US is telling them to get along with the other kids in the neighborhood (i.e., Iran). It appears that the US "coalition" fighting the Assad regime in Syria is fraying at the seams. And the low, low price of oil is making everyone (who owns oil wells) angry and impatient as well.
A few weeks ago oil prices began to rise a bit on the news that the OPEC countries (plus Russia) would be meeting in order to limit production and thus raise oil prices. The meeting took place, but they still could not agree. A commentator on the BBC was astounded that they would meet without some sort of agreement already worked out behind the scenes. To meet without a viable plan has only drawn attention to the problem and made things worse for the oil producers.
I smell some chaos going on in the heart of Babylon. Did God just confound their languages? Again?
This chaos came just as the Shanghai Gold Exchange opened for business on April 19, and it seems that some big buyers pushed up gold/silver prices considerably. Especially silver, which rose about 75 cents to about $17/oz. That's $3/oz higher than it was just a few weeks ago. With the big banks on the ropes over getting caught rigging the markets, perhaps they no longer dare to slam down gold/silver prices as they have done in past years.
Now that the Shanghai Exchange is up and running in a small way, all that remains now is for it to begin to expand to other nations. The first goal appears to be to link Shanghai with Moscow and thus control prices in two of the three largest gold-buying sprees in the world today. (The third big buyer is India, which will probably join this Exchange soon as well, since they are already aligned as BRICS nations and are founding members of the AIIB.
The Bank of Russia and the People's Bank of China want to create a joint platform that would unite gold trading by the world's two biggest gold buying countries.
Quote:
“BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets," First Deputy Governor of the Russian Central Bank Sergey Shvetsov told TASS.
China is the world's largest gold producer. Last year it produced 490 tons. Russia is third after Australia with about 295 tons produced last year. Overall, the countries make up 25 percent of the world gold production.
At the same time, the central banks of Russia and China are the world’s biggest gold buyers. Since the end of 2008 the gold reserves of China have nearly tripled - from 600 to 1,762 tons.
More than 200 years ago, the New World Order was conceived and established as a US motto: Novus ordeo seclorum. Rather, it was the Illuminati motto setting forth their plan for this nation. Of course, the motto meant one thing for the people and quite another for those who proposed it.
But today things are shifting once again. The Babylonian oligarchs are still trying to fulfill their plan, but the kings of the east are hijacking it. You see, the real issue is WHO WILL CONTROL IT? So the Illuminati plan from 200 years ago is slipping from their grasp as the western banking system continues its slow-motion train wreck. They know the current system is doomed, so they are feverishly trying to use this collapse to their advantage, so that they can somehow come out on top.
However, the definition of the New World Order is now shifting to mean a change from fiat to asset-backed currencies, all under new management. A shift in empire is going on behind the scenes. But what neither side in this battle truly understands is that the real winner will be Jesus Christ and His Kingdom. Just as God used King Cyrus as a "messiah" (Isaiah 45:1) to do His will in the overthrow of Babylon, so also is this being repeated in our time. We know this because it was prophesied in Revelation 16:12 that the original overthrow of Babylon had set the pattern for the overthrow of a future "Mystery Babylon."
Toward the end of 2014 I wrote how we ought to watch 2014-2017, and we are now midway into this time frame. The divine plan is moving along nicely, and fortunately for us, the bad guys don't believe it, yet at the same time they are doing what God said they would do. God has a way of using vessels of dishonor as easily as He uses vessels of honor. He does this to prove His sovereignty, as Isaiah 45 and Romans 9 tell us. So as Jesus said, "when you see these things come to pass, LOOK UP, for your redemption is drawing near.
Remember: an optimist looks at your eyes; a pessimist looks at your feet.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180360 04/24/1612:27 PM04/24/1612:27 PM
My Comment : According to Andrew Maquire, China has Checkmates the West with its recent Gold backed Yuan move. He said in his interview, that now the West fiat dollar debt system train wreck has changed geared and moving quite fast to its destruction. To listen to the interview go to the source link.
Andrew Maguire – Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War
Today whistleblower and London metals trader Andrew Maguire spoke with King World News about the massive pressure for a gold price reset, Deutsche Bank’s confession, and China checkmating the West in the gold war.
Andrew Maguire: “Eric, what people are witnessing are the first winds (early stages) of a perfect storm brewing for much higher gold and silver prices. This is because the physical market is beginning to dictate price and to constrain what the paper market actors can do…
Andrew Maguire continues: “Let’s look at some of the catalysts driving this perfect storm. This week we had the launch of the long awaited Shanghai Gold Exchange fix, something that has been purposefully underplayed by the mainstream media. Then, hot on the heels of the SGE launch, the PBOC (People’s Bank of China) and Russia’s central bank announced a joint gold trading platform. This is an act of war against Western central planners, who have played right into their golden hands.
But I think it is important to take a look at the history of how this new SGE fix has come about and why and how it was so hard fought by Western central planners, as this draws attention to the underestimated implications this will have on price discovery, which up until now has been the domain of the paper markets.
The West Is Now In Serious Trouble As China Advances Master Plan To Dominate The World China Checkmates The West In The Gold War
More importantly, it illustrates that Western central planners have lost the war against China’s move to wrest away control and to consolidate the gold market, a market that was once firmly under Western control. Obviously, this has huge implications. Given that there are billions of dollars of underwater derivatives under threat and price is increasingly being set outside of the (bullion bank) market makers control, the pressures for a gold price reset are massive.
With China playing the long game, the (upside) battle is now won. But knowing the LBMA bullion banks would try to skirt the SGE fix, China forewarned these (Western bullion) banks that if they didn’t participate, they would be barred from participating in the Chinese gold markets. Furthermore, any manipulation attempts by the bullion banks would be dealt with the Chinese way, not the bought and paid for Western regulators’ way. So this is a true game-changer.
And you can add into the bullish mix Deutsche Bank admitting to colluding with several other bullion banks in order to rig bullion prices. Aside from the multi-billion dollar civil law suits that will ensue, some of which are already filed, the key element here is the agreement by Deutsche Bank to release transcripts that prove collusion. This is a huge deal.
Whistleblower Andrew Maguire And Deutsche Banks Confession As China Checkmates The West In The Gold War
Whistleblower Andrew Maguire And Deutsche Bank’s Confession
Perhaps Deutsche Bank will attempt to seek immunity from prosecution, but given the banks they will formally name that will be at the center of the evidence I provided to the regulators in 2009 – 2011, it looks like these regulators will finally be forced to act. Either way, once it is realized that the true gold price is as yet undiscovered and related to billions of dollars worth of entrenched naked short derivative bets, the sharks will smell blood and watch out above (as the price of gold will soar).
Right now the Western central planners are losing control of the precious metals market reigns, as evidenced by the distinct changes in market behavior. Historical correlations are evaporating and we are seeing a push into physical on a scale I have never witnessed before. All dips are going to be bought and discounts from here on will be shallow, and the only thing that can save Wester central planners is a…
To continue listening to the powerful KWN audio interview with whistleblower Andrew Maguire CLICK HERE OR ON THE IMAGE BELOW.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180433 04/30/1606:23 PM04/30/1606:23 PM
My comment : This is one of the best Jim Willie interview I’ve heard up to now. Very fast moving pace interview covering all key events that has happened since beginning 2016 revealing some of China’s moves to end Mystery Babylon’s Empire. The interview is done by Rick Wlles who is well informed and is good in asking very key questions. At the end Rick does a pretty good summary of the interview and give his own perspective of an end game move the Rothschild Cabals might do to Saudi Arabia to use them as their scapegoat. I think Rick Wlles scenario is quite probable. I don’t think the US military will succeed or go very far to do “m) and n)” of the potential scenario; but I would add to his scenario that the Saudi will likely launch a nuclear bomb to Jerusalem in retaliation to put an end of this long Zionist pursuit to dominate the Middle East and the rest of the World. For the US government is a Zionist led Country(like Canada and other Western countries). In another word the Rothschild and the other Cabals family are Zionists.
Thus the Saudi would fulfill in full the prophesy of Jeremiah 19 and Isaiah 29 with a complete and final destruction of Jerusalem with its Zionist Zealots plans to rule the world. Also this would reveal the heart and the roots(Edomite-Judahite) of this Zionists entity. Since the Zionist have resolve a long time ago that they won't wait for the Lord to fulfill prophesy anymore; that they would fullfill these by force. The destruction of Jerusalem would put an end of their fleshy pursuits to fulfill prophesy on their own power which is the core essence of what is the Zionist is all about. It's too bad that it has to finish that way, but that's what prophesy seems to be pointing to.
Here’s Rick verbal summary (@1hr 29min mark) of Jim Willie's points made after the Interview :
“1. A parydime shift in motion right now of wealth and power moving from West to East. 2. He inticipate some type of systemic Lehman Brothers type of crisis will happen very soon. 3.He believes China is wrestling with the West to gain some type of control of the global gold market 4. He expects China the unveil a reimbi Gold base interest contract 5. China will “ping” the US financial system overnight by evaluating gold and silver on the Shanghai market higher than the New York market opening in the Chinese game plan to end the West manipulation of the price of precious metal. 6. Ancient Empires are awakening simultaneously : China, Russia, Persia(which is modern Iran), and India. These 4 nations forms the nucleus of the Euro-Eurasian trade zone. 7. Britain will join the EU who will eventually align with Russia and China. He expects this for Germany as well. 8. Regarding the high levels & numerous meetings of the Federal Reserve with high level governmental officials that old patriarchal Chinese Dynasty(White Dragon Societies) convenes the meetings of Yellen, Obama, and Biden and told them what is going to happen to the US dollar very soon. They were informed that the US Dollar will no longer be accepted around the world for global trade. 9. Jim also expects that the Rothschild controlled Central banks and franchises will be dissolves. 10. That gold should be priced at $10,000 or higher per oz 11. That the Rothschild Luciferian Cabal is finished with the Saudi Royal Family and will dump them and eventually even murder some of them."
My comment: Concerning the last point Jim Willie makes, Rick Wlles expands on it and makes his own observation with the following comments.
I’m quoting Rick Wlles the best I can below :
“That after 15 years of the 911, the Saudis via MSM(mainstream media) are suddenly demanding that Obama declassifies 28 pages from Congressional investigation that legendatly blames the Royal Saudis family for assisting the 911 hi-jacked planes that flue in the buildings. Why now? Why is there clamor now to release the documents? Believes that the Cabal needs a scapegoat to blame a bank system implosion which would be cause by Saudis Arabia cancelling the Petro dollar. Jim briefly hinted that late June or early July could be the time that trouble intensify in financial markets. Late June and early July is also the timeline where Obama may release the classified documents that links Saudi Arabia with the 911 attack. How convenient. What a cover story.
“Here’s what I mean: We know that Paul Ryan and a delegation of congressional leaders and secretary Ash Carter and Obama, traveled to Ryad to meet with the Saudi King and his son the crown prince. We can only assume that the meetings of so many hi-level officials running to Saudi Arabia was to stop Saudi Arabia from dumping the Petro dollar deal and joining up with China. Immediately after the meeting, the MSM started talking about Obama releasing the classified 911 documents that would implicate the Saudi Arabia. If Saudi Arabia dumps the dollar and hitches his wagon to the Chinese star, it would immediadly spark a financial panic in America. We are told today that Obama may release those documents in June.”
“So consider this scenario: a) Obama, Ash Carter, Paul Ryan and others fails to convince the Saudis to not to ditch the Petro dollar deal initiated by Henry Kissinger in 1973 b) Washington realizes that the Petro dollar is finish c) Thus Obama releases the 911 documents d) The MSM whip a fury in the news in America against the Saudi Royal family e) Saudi Arabia publicaly sever his relationship with America and teams up with Beijing, China f) The American are told that it was done in retaliation for Obama releasing the 911 documents g) The market goes beserk : h) financial panic sweep the USA, i) Obama force to close the banks, j) The MSM blames Saudi Arabia for the financial panic k) A blood lost is loosed in America l) The Public demands the destruction of Saudi Arabia and execution of its leaders m) The US military launches an attack on Riyadh n) The US special forces hunts down the members of the Saudi family o) Meanwhile the wealth of America flows out and goes East p) And a New World Order is born."
“Potentially we can be a few months away from such scenario.”
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180455 05/03/1612:29 PM05/03/1612:29 PM
I think it was Jim Willie I had listened to. A photo of a donkey and gambling while he talked in the background. Just had bad vibes about his attitude and the odd video....
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180473 05/04/1605:03 PM05/04/1605:03 PM
ProdigalOne SDA Active Member 2024 Supporting Member 2023
Dedicated Member
Amen! Eternity will be spent in peace at the feet of The Rock of Ages, not toting heavy sacks of yellow pebbles about to finance a millennial kingdom. As if we will need asphalt to purchase the homes that Christ left to prepare for us! The gold of this world will be tread underfoot.
"...I will not forget you. Behold, I have graven thee upon the palms of my hands..."
Isaiah 49:15-16
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180484 05/07/1602:33 PM05/07/1602:33 PM
Elle, it's beyond me to predict how things will unfold in the global financial markets but it's good you're giving us a heads up. It amazes me that the American dollar hasn't devalued before now. I think the Lord has been merciful because so many of us are not ready for the consequences. But, we need to realize things could change dramatically and rapidly. As all economists and historians know, you can't keep printing money forever without any value backing it.
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#180485 05/07/1602:47 PM05/07/1602:47 PM
I try to limit the amount of time I spend on New World Order material because it's too speculative. I don't think even the top players know how this will unfold. They are reacting to events and they have more control but they don't have the prophetic gift.
One man that I listen to occasionally is Peter Schiff. He's another gold promoter so you have to filter what he says through that lense but his comments on the fundamentals of economic principles are sound in my opinion. For example, Donald Trump plans to impose tariffs to promote American industry. Schiff says what's needed is not tariffs but superior, efficiently produced products that can compete globally such as are produced in Germany. He says Trump is wrong that China has taken advantage of the US through unfair trade. It's the other way around. We've bought their products with devalued dollars and debt that we can't sustain. We have taken advantage of the Chinese. And he says a lot of other things that make quiet good sense.
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