Monday, August 13, 2012

China Launching Gold Backed Global Currency!

1 Kilogram Gold Bar
By Mark Brander

Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.


China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The US TBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based US Dollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic US Treasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

read entire article here..


  1. WOW! This is a huge deal! I wonder how it's going to affect the US stock market when it is announced! Isn't this very move by China one of the main reasons that we invaded Iraq -- that Saddam was trying to make a new gold-backed currency (the Dinar) and the powers that were saw that as a major threat to their fiat currencies? Ooh, the plot thickens!... I wonder what Ben Fulford will have to say about this in his weekly news update today.

  2. I read through the entire article. It's quite thick with inside acronyms and jargon. As a service to the rest of you let me summarize: The power elite have theirs and will not suffer in the impending crash. They are only holding on and continuing to game the system to maintain their positions of power--they won't lose their wealth just their influence. The western countries stranglehold over world finances will shift to the east resulting in a lowering of the western nations standard of living. Obviously it is the poor and working class that will suffer the most. My advice? Plant a really big garden and get lots and lots of blankets.
    Dennis Patterson--Deer Park, WA

  3. Can you say "wow". It is all coming together... Boy are the naysayers in for a surprise... We must be there for them as we try to contain our excitement that all that is to follow is coming true. Boy are we lucky to be "in the know" or what?!


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