GOLD: Russia or China could put a stake in the heart of the USA easily

http://www.lewrockwell.com/2015/02/marcia-christoff-kurapovna/is-russia-planning-a-gold-based-currencye280a8/

Is Russia Planning a Gold-Based Currency?
By Marcia Christoff-Kurapovna
Mises.org
February 7, 2015

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Nor is that prospect too far-fetched. As Dutch author Willem Middelkoop has written in his 2014 book The Big Reset: War on Gold and the Financial Endgame,

A system reset is imminent. Even before 2020 the world’s financial system will need to find a different anchor. … In a desperate attempt to maintain this dollar system, the United States waged a secret war on gold since the 1960s. China and Russia have pierced through the American smokescreen around gold and the dollar and are no longer willing to continue lending to the United States. Both countries have been accumulating enormous amounts of gold, positioning themselves for the next phase of the global financial system.

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One has to be very circumspect about gold and the manipulation there of.

The central banks, most notably the FED, have an incentive to keep the paper merry go round moving.

That being said, for the little people, they have to defend their own wealth.

Folks long the Swiss Franc were rewarded when that peg was removed.

Folks long the US Dollar have a long way to fall if the Russians and Chinese move to a gold standard.

While one can’t tell when the “music for the chairs” stops, it’s going to be rough in the US for the poor and middle class. Inflation will roar back and make the Carter 21% look like child’s play.

The only saving grace is that China is our “partner” in this bubble.

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2 Responses to GOLD: Russia or China could put a stake in the heart of the USA easily

  1. reinkefj says:

    Expensive books. I’ll have to check the library.

  2. John, for you or any Jaspers interested in the “Gold Bug” type of economic analyses (something I was never interested in previously…), you might enjoy the writings of Edmund Contoski. Particularly “Makers And Takers” (The first economic philosophy type book I ever actually found ENJOYABLE to read!) and his new one: “The Impending Monetary Revolution: The Dollar and Gold.”

    Smart guy, and a convincing writer!

    – MJM

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