China Launching Gold Backed Global Currency! | Alternative
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There can be little doubt that the US dollar will soon be history. China is recasting all of their gold reserves into smaller one kilo bars in order to issue a new ‘gold backed’ global currency. This may be the reason for the new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. (more agreements are forthcoming)
The US Dollar will be ‘shown the door’ by the largest trading nations in the world and the dollar will then go down in flames.
GATA now estimates that 80% of the gold that investors believe they have stored in allocated accounts is long gone. The majority of those bars, stamped with serial numbers, may now be 1 kilo bars stored very securely in China.
Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’
CHINA RECASTS GOLD BARS
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 USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar 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 USTreasury 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.
Excerpted from our Saviour’s warning in a June 30th prophecy! (the ‘king of the south’ being the leader of China)
Now comes the time, and it is at your door, when many nations shall terrorize you, oh nation of America! For, as you have sown, so shall you reap!
The wind is coming! Yes, a very great wind from the South is coming! A very great Southerly wind will come upon this nation and this wind from the South will greatly trouble you!
Yes, the King of the South will rise up and he will collect his own nations; and they shall rise up to defeat and to overthrow this nation, not through war, not yet through war, but soon through war! However, at this time, they shall rise up; and soon, en masse, they will rise up to overthrow the dollar! And, this wind will blow hot! This wind will blow upon you with a great force and this great wind will cause you to suffer an irreparable crack in the economy of this nation. And, the rumbles of this great wind shall crash and crack and beat and dissolve, beat and dissolve, pound and pummel the very economic structure of this nation!
Amazing ‘biblical signs’ now appearing in heavens.. photos here
Russian special forces embedded in Colorado have been setting the majority of the wildfires and are also responsible for the June 6 underground explosions in Michigan and Indiana which were promptly covered up when they did not achieve the objective of setting off the New Madrid.
Read the Obama prophecies here, and also here….
China Launching Gold Backed Global Currency! | Alternative.
Filed under: General News 
As posted by Laura Tyco on http://2012indyinfo.com/
Also of interest from Laura Tyco: http://galacticlauratyco.blogspot.ie/
2012-08-15 15:29:13
Source: http://2012indyinfo.com/2012/08/15/china-launching-gold-backed-global-currency-alternative/
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