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China's Demand for Gold Has Trapped The West's Central Banks
#6
Peter Presland Wrote:The thing in that quote that jarred with me though - and I mean seriously jarred - was the idea that Russia and China would use a UK bank as physical custodian of gold bullion. Let them shuffle paper-promises and take their cut by all means (per the recent London and Frankfurt Yuan trading announcements), but the idea they would trust ANY western bank with the physical stuff is quite simply absurd IMO. Some scenario IOW, so what's the guy's game I wonder?

In other words, all the China-cornering-the-gold-market is just so much smoke to obscure an attempt by the core US establishment to further global governance by downing the dollar, and replacing it not with the Yuan, but rather, what, SDRs?
"There are three sorts of conspiracy: by the people who complain, by the people who write, by the people who take action. There is nothing to fear from the first group, the two others are more dangerous; but the police have to be part of all three,"

Joseph Fouche
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China's Demand for Gold Has Trapped The West's Central Banks - by Paul Rigby - 11-04-2014, 09:05 PM

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