Hidden financial system
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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
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China Finally Reveals How Much Gold It Has

China Finally Reveals How Much Gold It Has | Hidden financial system | Scoop.it

 

That’s pretty impressive, but it falls far short of what investors had expected.

 

When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported.

 

Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

 

As for why they may still be under reporting their gold reserves, they probably don’t want to alarm the markets.

 

They want to keep prices low so they can keep accumulating more, which given the amount of gold they’ve officially bought, they’re obviously determined to keep buying.

 

And since the price of gold and the value of the dollar have an inverse relationship, they want to keep gold low so that their massive dollar reserves stay valuable (which they’re still in the process of selling).

 

At some point they’re going to use their gold reserves to challenge the supremacy of the dollar, but for now, they’re going to keep prices low while they hoard as much as they can.

 

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Cyrille's comment, July 22, 2015 8:08 AM
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The Moscow-Beijing Express: Russian “Oligarchs” versus Chinese Billionaires

The Moscow-Beijing Express: Russian “Oligarchs” versus Chinese Billionaires | Hidden financial system | Scoop.it

 

In closing, the Western mainstream media has done a brilliant job of further trashing Russia’s reputation, by smearing all wealthy Russians as “criminal oligarchs”.

 

In terms of propaganda coups, it ranks right up there with tarring people and countries as conspiracy nuts, liberals, extremists, commies, terrorists, and the whole panoply of slurs, which is ruthlessly used by the Washington-London-Paris consensus.

 

This includes ceaseless attempts to discredit Baba Beijing and the Chinese Communist Party. Behind the Great Western Firewall, this all results in the effective brainwashing and control of the masses.

 

If that sounds like a strong statement, remember, they call it a “free press”, and 99% of the people actually believe it is true.

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The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi | Hidden financial system | Scoop.it

 

To summarize: Western economic sanctions on Russia have pushed domestic oil producers to settle crude exports to China in yuan just as Russian oil is rising as a percentage of total Chinese crude imports.

 

Meanwhile, the collapse in crude prices led to the first net outflow of petrodollars from financial markets in 18 years, and if Goldman's projections prove correct, the net supply of petrodollars could fall by nearly $900 billion over the next three years. All of this comes as China is making a concerted push to settle loans from its newly-created infrastructure funds in renminbi.

 

Putting it all together, the PetroYuan represents the intersection of a dying petrodollar and an ascendant renminbi.

 

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"Threat of 3rd World War Real" - Billionaire Soros Warns Currency War With China Could Go Hot

"Threat of 3rd World War Real" - Billionaire Soros Warns Currency War With China Could Go Hot | Hidden financial system | Scoop.it

 

Soros said the only solution to the prospect was to allow China to join the IMF’s basket of global currencies so that it could compete with the dollar.

 

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Russia in Negotiation with China for alternative SWIFT Bank system

Russia in Negotiation with China for alternative SWIFT Bank system | Hidden financial system | Scoop.it

 

Russia and China, the two strategic Eurasian nations, are moving clearly to ultimately break free of the stranglehold of the Dollar System. On September 10 high-level talks took place between the two countries discussing establishment of an interbank money clearing system independent of the US-controlled SWIFT payments system.


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Alternative to dollar close to reality as BRICS coalition expands to 80 nations

Alternative to dollar close to reality as BRICS coalition expands to 80 nations | Hidden financial system | Scoop.it

 

This is why the original BRICS economies have exploded in just the past 12 months to now include up to 80 other nations ready to join their coalition, and provide that critical mass that will slingshot the Chinese Yuan into viability, and create an alternative to the dollar that the West isn't prepared to compete with.

 

Several economists have stated that 2014 is a critical year for both the dollar and the global monetary system, and that a currency reset is inevitable to expunge the over one quadrillian dollars worth of toxic assets and derivatives which are unsustainable, and that are leading the world towards a collapse far worse than the one in 2008.

 

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China to Purchase the Federal Reserve

China to Purchase the Federal Reserve | Hidden financial system | Scoop.it

 

Why would China and other countries take on the risk of this debt?  Simple, it’s economic reset or economic collapse.  Its in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.

 

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Top adviser to the Chinese government calls for a “global currency” to replace the U.S. dollar

Top adviser to the Chinese government calls for a “global currency” to replace the U.S. dollar | Hidden financial system | Scoop.it

 

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.

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Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance

Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance | Hidden financial system | Scoop.it

 

Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade [ ]

 

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China Announces That It Is Going To Stop Stockpiling U.S. Dollars

China Announces That It Is Going To Stop Stockpiling U.S. Dollars | Hidden financial system | Scoop.it

 

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is "no longer in China’s favor to accumulate foreign-exchange reserves". 

 

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China's Official Press Agency Calls For New Reserve Currency, And New World Order

China's Official Press Agency Calls For New Reserve Currency, And New World Order | Hidden financial system | Scoop.it

 

[ ] the world should consider a new reserve currency "that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States."

 

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Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals | Hidden financial system | Scoop.it
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Gold Rush 2.0: How Russia and China are attacking the dollar

Gold Rush 2.0: How Russia and China are attacking the dollar | Hidden financial system | Scoop.it

 

One of the important points that Sarkisyan makes is that China does not want to see the dollar collapse, and neither does anyone else. Because the dollar is still a very effective and useful means of international exchange.


However, the problem is that the US is using the dollar and other parts of the global commons which it controls (for example, the internet) not as a public good delivered for the benefit of the entire system, but as a weapon in the global hybrid preventive war aimed at preventing or at least delaying its decline. Which everyone, including the US, is seeing happen.


So these and other gold measures are defensive, rather than offensive, in nature.


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Cyrille's comment, July 22, 2015 8:09 AM
Merci!
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China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium

China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium | Hidden financial system | Scoop.it

 

But what is perhaps most curious is that even with China liquidating such a massive amount of US paper into a very illiquid market, the yield on the 10Y did not blow out far more in the months of March or April. And the last question: who did China sell all this paper to?

 

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Russia and China: Watch Out Moody’s, Here We Come!

Russia and China: Watch Out Moody’s, Here We Come! | Hidden financial system | Scoop.it

 

Now an answer to the Moody’s-Standard & Poors-Fitch US rating monopoly is coming. Not from the EU, where it is long overdue. It is coming from Russia and China, as so many bold and challenging initiatives of late.


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DON'T MISS : The China-Russia Double Helix

DON'T MISS : The China-Russia Double Helix | Hidden financial system | Scoop.it

 

Today I sharing with you a document which I personally consider as absolutely crucial: an in-depth analysis of the China-Russia Strategic Alliance (RCSA) written by somebody who looks at it from the "Chinese side".


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China will use gold and gold pricing to force global currency reset

China will use gold and gold pricing to force global currency reset | Hidden financial system | Scoop.it

 

Take a look at the Comex. Since the middle of 2012 or so, they've been forcing gold contracts to settle not in metal, but in cash. And if you don't like it, they'll ban you from the Comex. There's been very little if any settlement of gold futures contracts for two years in gold metal. They're not a gold market anymore, they're a derivative market for gold instruments.

 

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Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves | Hidden financial system | Scoop.it

 

Because apparently when it comes to speaking for "hard" monetary policy, Putin is now authorized to speak for both nations.

 

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The Richest Man In Asia Is Selling Everything In China

The Richest Man In Asia Is Selling Everything In China | Hidden financial system | Scoop.it

 

Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago.

 

Once the deal concludes, Li will no longer have any major property investments in mainland China.

 

This isn’t a person who became wealthy by being flippant and scared. So what does he see that nobody else seems to be paying much attention to?

 

Simple. China’s credit crunch.

 

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Yet Another Massive Nail In The Dollar's Coffin

Yet Another Massive Nail In The Dollar's Coffin | Hidden financial system | Scoop.it

 

The renminbi has already surpassed the euro to become the #2 most-used currency in the world when it comes to trade settlement, according to a report released yesterday by the Society of Worldwide Interbank Financial Telecommunication (SWIFT).

 

Right now the renminbi has about an 8.6% share of the global market for trade settlement. Granted, the dollar has the lion’s share of trade settlement at more than 80%.

 

But just look at how quickly the renminbi has grown; in January 2012, its share of the global market was just 1.9%. So it’s grown by nearly a factor of 5x in less than two years.

 

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The Dying Dollar

The Dying Dollar | Hidden financial system | Scoop.it

 

Federal Reserve and Wall Street Assassinate US Dollar

 

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China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault

China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault | Hidden financial system | Scoop.it

 

So, what the real news of today is not that JPM is selling its gold vault, we knew that two months ago, or that it is outright looking to exit the physical commodities business, that too was preannounced. What is extremely notable is that in one very quiet transaction, China just acquired the building that houses the world's largest gold vault.

 

Why? We don't know. We do know that China's gross gold imports from Hong Kong alone have amounted to over 2000 tons in the past two years. This excludes imports from other sources, and certainly internal gold mining and production.

 

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