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The Big Reset: Why China Bought JPMorgan’s Gold Vault
The office building of JPMorgan with its largest private gold vaults at Chase Manhattan Plaza, opposite to the New York Federal Reserve building, has been recently sold to the Chinese.
This indicates the US and China seem to be working together in advance towards a global currency reset whereby the US, Europe and China will back the SDR’s with their gold reserves so the dollar can be replaced.
We have now arrived at the point where it is not the banks, but the countries themselves that are getting in serious financial trouble. The idea that we can ‘grow our way back’ out of debt is naive. The current solution to ‘park’ debts on to the balance sheets of central banks is just an interim solution.
A global debt restructuring will be needed. This will include a new global reserve system to replace the current failing dollar system, probably before 2020.
The article The Big Reset: Why China Bought JPMorgan’s Gold Vault published by TheSleuthJournal – Real News Without Synthetics
Source: http://www.thesleuthjournal.com/big-reset-china-bought-jpmorgans-gold-vault/
