Guess what China is up to...

[AdamLTucker]

Facts:
1) As of January 2008, China is the world's largest gold producer.
2) China is one of the world's largest gold importer.
3) China's manufacturing base is unprecedented which allows China to be self sufficient and not have to import goods or services to support itself.

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

What do you suppose will happen to all other currencies which have nothing backing them but military?

Don't forget the original "Golden Rule"... He who has the gold, makes the rules.

Adam L Tucker
just3ants.com

 

[torchbearer]

They have to import food.

 

[AdamLTucker]

They have to import food.

Are you sure about that?

China is Huge, in size and population; even if they are importing food now, it doesn't mean that they have to.

 

[torchbearer]

Are you sure about that?

China is Huge, in size and population; even if they are importing food now, it doesn't mean that they have to.

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

 

[AdamLTucker]

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

your point is asinine to the topic of the thread but just the same, if you insist on their dependency on foreign food, than support your statement with references.

 

[AdamLTucker]

When China revalues it's currency to gold, it will force the hands of the rest of the world to do the same.

Who would accept worthless paper when there is a competing gold standardized currency?

 

[torchbearer]

your point is asinine to the topic of the thread but just the same, if you insist on their dependency on foreign food, than support your statement with references.

http://www.ers.usda.gov/Publications/AIB775/

 

[AdamLTucker]

http://www.ers.usda.gov/Publications/AIB775/

It demonstrates that they import food (small amount), but does not demonstrate their inability to support themselves. If the report showed them importing large amounts of food than I would agree with you, but that is not the case, nor does it impact their ability to revalue their currency to gold and buy up anything and everything that they don't already own.

Just to be clear, I do not see China as a threat. The Chinese are not imperialistic in contrast to the US or GB and they have a very long and rich culture.

Tsun Tsu "Keep your friends close, and your enemies closer"

How much closer can you get than financing your enemy?

Have you seen how many US Treasury Bills are owned by China?

China won World War III without firing a single shot.

 

[Texan4Life]

Why would china go to a gold standard? That will limit the size of government. Hoarding gold doesn't mean they want to go to a gold standard. It just means they want to protect their accumulated wealth.

 

[Mister Grieves]

Why would china go to a gold standard? That will limit the size of government. Hoarding gold doesn't mean they want to go to a gold standard. It just means they want to protect their accumulated wealth.

It could be a power-play to make their currency the go to world standard and bump off the dollar once and for all.

 

[AdamLTucker]

Why would china go to a gold standard? That will limit the size of government. Hoarding gold doesn't mean they want to go to a gold standard. It just means they want to protect their accumulated wealth.

The Chinese are very intelligent and calculated, their civilization is more than 5000 years old, they know their history and have learned from the mistakes of their ancestors and ours.

Money should be pegged to gold, period.

Whether it limits the size of their government or economy, it will still allow for their currency to be valued more than any other currency paper fiat currency.

And assuming they continue to be the world's largest gold producer, they will be the wealthiest country in the world.

It is time that we demand our gold from the Federal Reserve including Fort Knox which the Federal Reserve took as collateral for all of their worthless paper that they printed for US.

Adam L Tucker
just3ants.com

 

[JenH88]

You're assuming there's gold left at Ft. Knox..

 

[torchbearer]

I'm saying they have to import food to feed its people.
They run their country through central economic planning.
They are benefiting by our factories and corporations using their cheap labor, if those companies go bankrupt, so will those facilities.

 

[AdamLTucker]

You're assuming there's gold left at Ft. Knox..

Nah, I know it has all been stolen; if not by the Federal Reserve, than by our benevolent "representatives"

 

[torchbearer]

D.C. is 100 times more threat, and i could see china as a beneficial trading partner.
They could even help us by economically destroying our current regime.

The only thing is.. they don't support our freedom policies.. though they may enjoy our non-interventionism.
I would be willing, in a free market, with a libertarian government, to trade with china using a gold backed currency.

 

[AdamLTucker]

D.C. is 100 times more threat, and i could see china as a beneficial trading partner.
They could even help us by economically destroying our current regime.

The only thing is.. they don't support our freedom policies.. though they may enjoy our non-interventionism.
I would be willing, in a free market, with a libertarian government, to trade with china using a gold backed currency.

I agree... the only thing is what are our 'freedom policies'? Seems to me that we don't have as many freedoms as we once thought. Just like the harsh reality that we aren't fighting wars all over the world in an effort to protect democracy... that is unless by democracy they mean our military backed US dollar.

 

[torchbearer]

I agree... the only thing is what are our 'freedom policies'? Seems to me that we don't have as many freedoms as we once thought. Just like the harsh reality that we aren't fighting wars all over the world in an effort to protect democracy... that is unless by democracy they mean our military backed US dollar.

I'm talking about the policies, we will implement after the removal of our current regime of socialist.

 

[Conza88]

China, authoritarian regime.

FAIL.

 

[AdamLTucker]

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

 

[american.swan]

When China revalues it's currency to gold, it will force the hands of the rest of the world to do the same.

Who would accept worthless paper when there is a competing gold standardized currency?

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.