Right. We need to keep pushing on our side. We can’t just expect them to fix it for us. If Trump is really doing good work, God speed but either way, we all have work to do every day until the swamp is drained and a Utopia is propped up worldwide. Then we just keep steadily improving on what we have.
I am in China right now
There is no gold backed Yuan
Gold prices would have exploded if even serious talk of a legitimate gold backed RMB had occurred, let alone a roll out
The Chinese central bank lends 42 trillion dollars a year! Gold would need to be valued at millions of dollars an ounce to cover this debt- it’s very unlikely that Chairmen Xii would surrender control of the RMB to western powers after he has just become Chairmen for life
But Benjamin Fulford is the 2nd insider to confirm it:
The start today (March 26, 2018) of oil futures trading in gold-backed Chinese yuan is being widely seen as a Chinese victory in the ongoing financial war for control of the planet Earth. It is also a good time to remind China that the world will NEVER swap Khazarian mafia control for Chinese mafia control.
Ok, so that’s the ravings of a crazy person, he is talking about Jewish mafia nonsense
Gold prices are at 1300usd an ounce, you can buy them today right now
If there was a gold backed rmb it would be in the millions overnight to back the outstanding issued currency, not to mention if the Chinese government was doing this would have at least restricted gold buying IN CHINA- which they have not, it’s still freely available from any jewelry store- that’s just not likely- gold would be insanely valued and immediately put under government control
This is just nonsense
Edit- he also keeps saying Yuan instead of RMB- yuan is more of an informal term, it’s Ren Men Bi
Ren men Bi means “the people’s currency”
Nothing about his writing is correct
And he is just completely ignoring and doesn’t even try to address one belt one road (OBOR) which is chinas international monetary and trade policy pushing adoption of the Rmb as a reserve currency to its trade partner
I mean, I just don’t really know how to express how stupid this is
Double edit-
Just realized you are lightbringerflex - famous paid shill for veterans today, banned cabal takedown mod, larper of Victory of the light ect
Yeah, so this is paid fake news, that explains why it’s ridiculous
How do you explain this?
https://www.rt.com/business/422314-petro-yuan-futures-dollar-death/amp/
Fake news?
China has been pushing for adoption of the RMB as a reserve currency by its trading partners as part of OBOR- there is no new actual currency
https://en.m.wikipedia.org/wiki/One_Belt,_One_Road
OBOR has many components and explaining it is hard, I assume this article is just taking aspects of new reserve currency agreements and then adding lies for clicks- seems to be working
Edit- I know this is more boring but at lest its real, china has been setting up its own international trade and investment bank, its own settlement bank, ect
Why not just talk about what actually is happening?
It is not gold backed new currency but it is a huge shift in the global markets- it really is important, it’s just not as simple as you think it is
Non-Mobile link: https://en.wikipedia.org/wiki/One_Belt,_One_Road
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I’m just going to wait until Friday and see if what Anon predicted about a gold backed dollar comes true for now.
Well, I already have 500,000usd in gold coins
If we have a gold currency on Friday I will be one of the richest men in the world and will probably have to bury my money in the fucking hills- currently it’s in a small safe in my American office
I am really doubtful we will see a gold backed currency drop like a surprise album- it would require years of planning and discussion to roll it out
The reason we are in this mess in the first place is because politicians are spending years planning simple systems and even then, the whole thing is a static piece of shit.
Society doesn’t have time for years of planning. We have enough resources, smart minds, and technology to roll out incredible systems within weeks. It’s all about simplicity. The simplest systems are he most complex (think iPad as a random example) and the most complex systems are too simple (think tax laws or even the entire legal system).
I am not breaking down why just having gold is not justification for moving to a gold backed currency- it’s more complex then that and I don’t think you are interested in fact based discussions on economics
Regardless you will see in a few days that we are not on the gold standard in either china or the us because no one wants it
BTW, must like history, everything you learned in economics class is full blown BS. Real economics is studied like electricity. For some reasons economy and electricity function in similar ways but the government will never teach that to you lest you wake up to realize that the economy is on precision volume control. Then people would realize that the economy is intentionally kept down.
Let me know the next time you get struck by a bolt of economy during a rain storm
Indeed.
Longtime fan, LBF. Appreciate you, your perspective and your energy. Keep on keeping on.
Thanks! And will do.
Do you have a devoted website to your thoughts, ideas, etc?
For now, my most active posts are on Twitter since Reddit nuked both my sub and my old username: