Guess what China is up to...

[american.swan]

China, authoritarian regime.

FAIL.

After the 1989 uprisings, the leaders said, we'll give you economic freedom if you leave politics and our control alone. So they economically exploded. But as an authoritarian regime, that freedom could change at any moment.

 

[AdamLTucker]

Actually, the elite would complain like crazy, do everything they could to stop it, and at the same time buy as much of it as they could.

When? 'if' would be a better word. We would like to think the central banks are independent to a large degree but I am going to guess they aren't. Also very few banks have any extensive knowledge of "Austrian common sense".

I think this mess is going to go on for a good while. These bankers are all educated in Keynesian voodoo. They don't understand "Human Action".

China is upset about "Currency Wars" a book explaining the history of the Rothchild banking family. The top Austrian professors of today should organize a confab in Beijing and invite as many Asian bankers as possible.

The elite already have the gold. American Charles Engelhard Jr. of Engelhard Minerals and Chemicals exported gold and platinum from South Africa from nearly 45 years under the Apartheid Regime. Coincidentally he was partnered with DeBeers Anglo American in South Africa and helped facilitate entry of diamonds into the US market as Charles Engelhard Jr. was close friends with Joe Kennedy.

You should note the importance of an untraceable diamond currency created by the DeBeers diamond cartel which of course leaves no money trail when laundering wealth and moving it across the world.

No money trail = No accountability

This ABC news article from July talks about wealthy American's smuggling US$18 Billion their wealth outside the country by hiding diamonds in tubes of toothpaste and then exchanging them for Euros or any other legitimate denomination.
http://abcnews.go.com/Blotter/Story?id=5394214&page=1

Adam L Tucker
just3ants.com

 

[Gideon]

Tossing in The Golden Monkey Wrench...

What about fiat gold?

So long as the vast majority of investors and consumers fail to demand physical metal, then a resumption of the gold standard would prove all too tempting, for its administrators, to implement yet another fiat currency.

Wasn't the Euro initially backed by gold?

 

[angelatc]

Yes, I'm sure they have to import their food.
2 billion plus people are hard to feed.

They have enough land.

 

[torchbearer]

They have enough land.

Land mass does not equal food.

 

[HOLLYWOOD]

I was watching a documentary on the Korean War and was fascinated to learn that US POWs that were captured by the Chinese were released at the end of the war and more than 25 of them chose to stay in China. Many of the people that chose to stay were black and in interviews said that they never knew what it was like to be treated as an equal member of society until living in China.

How pathetic is it that our country forced blacks to serve in the military and die to fight for the civil rights of South Vietnamese all the while they were still fighting for their own rights at home.

It is even more pathetic that we all went along with it.

Adam L Tucker
just3ants.com

The U.S. Government is full of HYPOCRISY. I've posted many many times, giving history and current polcies and laws.

Government in this country is to divide people.... all sorts of clarifications, but the resultant is divided is always less powerful.

 

[HOLLYWOOD]

Can't have the People/Masses with power, eh?

Ths Chinese have a government that manages exceptionally compared to the Pandering Puppets we have in all 3 branches of STOOGES.

China thinks longterm... American governments think; Lobbyists, Corporatism, and next elections.

 

[Acala]

Agreed

Since the Bretton Woods agreement that established the dollar as the GOLD-backed currency of international trade and reserve, the US has reaped enormous profit by inflating it and forcing the rest of the world to absorb our inflation. As a nation we have done to the world essentially what the banks and Wall Street have done to the middle class within the country - used inflation as a mechanism to transfer wealth. This was especially true after the final gold backing of the dollar was abandoned in 1971. But by that time it was too late for the world to reject the dollar. It was firmly established as the world's currency and the world was stuck with it. In 1971 we did to the world what the banks had done to us - lured us into the use of paper money by backing it with gold and then pulling the backing.

If, as I believe, the dollar is collapsing as a result of the Fed and our government inflating the currency and destroying the nation's savings, then a new world currency will need to take its place. You can be sure that the monetary lesson of the last sixty years - he who creates the money reaps the profit - has not been lost on the bankers and politicians of the rest of the world. When the dollar collapses, somebody is going to launch a new currency to try and take its place. There may be something of a competition because the prize is so grand. I would think China would certainly be in the running. Russia and some coalition of Arab states might also join in. Which currency will win? ANY country can print bills or create computer accounts. Why would the paper money of one be favored over another? Because of the pretty pictures? No.

The currency that replaces the dollar as the global currency will be backed by gold. Yes, backing it with gold limits the rate it can be inflated. But it will HAVE to be backed by gold in order to be accepted as the world's currency. The banks are willing to do this because they know that eventually they will be able to break the backing again and run free and naked through the fields of endless fiat money. But first they must establish a new global currency. And it will be gold. It may not be fully-redeemable by individuals, but it will at least be a Bretton Woods style system where it is redeemable by banks and governments.

There will be a world gold standard within ten years tops.

 

[american.swan]

Since the Bretton Woods agreement that established the dollar as the GOLD-backed currency of international trade and reserve, the US has reaped enormous profit by inflating it and forcing the rest of the world to absorb our inflation. As a nation we have done to the world essentially what the banks and Wall Street have done to the middle class within the country - used inflation as a mechanism to transfer wealth. This was especially true after the final gold backing of the dollar was abandoned in 1971. But by that time it was too late for the world to reject the dollar. It was firmly established as the world's currency and the world was stuck with it. In 1971 we did to the world what the banks had done to us - lured us into the use of paper money by backing it with gold and then pulling the backing.

If, as I believe, the dollar is collapsing as a result of the Fed and our government inflating the currency and destroying the nation's savings, then a new world currency will need to take its place. You can be sure that the monetary lesson of the last sixty years - he who creates the money reaps the profit - has not been lost on the bankers and politicians of the rest of the world. When the dollar collapses, somebody is going to launch a new currency to try and take its place. There may be something of a competition because the prize is so grand. I would think China would certainly be in the running. Russia and some coalition of Arab states might also join in. Which currency will win? ANY country can print bills or create computer accounts. Why would the paper money of one be favored over another? Because of the pretty pictures? No.

The currency that replaces the dollar as the global currency will be backed by gold. Yes, backing it with gold limits the rate it can be inflated. But it will HAVE to be backed by gold in order to be accepted as the world's currency. The banks are willing to do this because they know that eventually they will be able to break the backing again and run free and naked through the fields of endless fiat money. But first they must establish a new global currency. And it will be gold. It may not be fully-redeemable by individuals, but it will at least be a Bretton Woods style system where it is redeemable by banks and governments.

There will be a world gold standard within ten years tops.

I like some of your reasonings here. We'll have to wait and see how this plays out.

 

[cynic]

Facts:
Seems to me that the next logical step for China would be to revalue it's currency to a gold standard...

If you're suggesting that China wants its currency to be worth more than ours, think again. When was the last time you bought something "Made in China"?

 

[jm1776]

Does anyone here really believe that the centralized planning in Chine has any long term prospects for success?

Give me a break...

 

[jkm1864]

China doesn't have enough good land or water to support its booming population. This is a well known fact and I have seen multiple documentaries on this.

 

[Antonius Stone]

China doesn't have enough arable land to feed itself. Something like 9% of the land there is arable. But that doesn't matter. China has a contingency plan, and that is (yep, you guessed it) Africa.

There's a reason why all of China's best buddies are African Nations and why China is spending hundreds of billions of dollars on developing Africa. And it's much more than just resources. China is straight up setting Africa up for Colonization. After that Xinjiang province fills up, the next stop for all those Chinese villagers that are getting pushed out of the countryside will be Congo or Angola. There are already Chinese migrant towns popping up all over central Africa.

I think the Sino-Afro connection will be an imporant component of international politics in the future

 

[Ozwest]

China doesn't have enough arable land to feed itself. Something like 9% of the land there is arable. But that doesn't matter. China has a contingency plan, and that is (yep, you guessed it) Africa.

There's a reason why all of China's best buddies are African Nations and why China is spending hundreds of billions of dollars on developing Africa. And it's much more than just resources. China is straight up setting Africa up for Colonization. After that Xinjiang province fills up, the next stop for all those Chinese villagers that are getting pushed out of the countryside will be Congo or Angola. There are already Chinese migrant towns popping up all over central Africa.

I think the Sino-Afro connection will be an imporant component of international politics in the future

Two points:

!) China has a population of over a billion. They survive on subsistenance farming. A John Deere might help them out.

2) Japan sources its food, energy, and resources.

 

[Created4]

Yes, I'm sure they have to import their food.
2 billion plus people are hard to feed.

The only reason they "have to" import some of their food is because the farmers are poor, and most of them are moving into the cities for better jobs. Be assured, that China CAN feed itself and has the land and people to do it. But it would take a major restructuring of their society to bring wealth into the rural areas, and not just the cities. The other comment that they don't have enough "arable" land or water is also incorrect. These are only regional problems, not national.

ALL of the problems in feeding people in the world today has to do with large concentrations of the population in urban centers, not the lack of land or resources. American currently has 2% of their population feeding the other 98%. When Abraham Lincoln was president 48% of our population fed the other 52%. We have become highly dependent on technology and mass food production. People want the "easy" life cities can afford them. China is just currently in a phase where they are seeing such a mass exodus from rural lands into cities and manufacturing that they no longer can keep up with feeding their urban growth. It is not because they do not have the land or resources to feed their people.