It is obvious to anyone with eyes to see, “power” is shifting from West to East. China is the leader, the epicenter of the East and of course they are the ones “hoovering” up the lion’s share (along with India)of global gold production. The following map was sent to me by a friend.
I guess I already knew this but what a stark shock to actually see it.
More than 50% of the world’s population living in a land mass of 15% or less of the total. What exactly does this mean other than having good odds of being able to spit on your neighbor’s house? I believe it means much more today than it did years ago, let me explain. Years ago, before we lived in an instant information age and before China/Asia had built up the world’s largest manufacturing capacity, “it meant less”. I say this because our world today is so interdependent in every way. Trade and commerce rules the day, and financially everyone is “in bed with everyone else”. This is a recent development over the last 20 years or so prior, this was not the case. I am not trying to say trade and finance were not international in the past, they were, what I am saying is instant information now makes “knowledge” (information) more available. The “information” available has taken Asia from the backwoods and “brought them to the table” so to speak.
The simple truth is we are now facing a “new world order”, not quite the NWO the neocons had envisioned at the turn of the century (or maybe this WAS the plan?)! The seats at the table are about to change, the “head” of all tables since WWII has been occupied by the U.S.. This will certainly change. The list of preparations by China to assume their new role is quite long and even the details now seem to be about ironed out. For example, how do you explain this http://oilprice.com/Energy/Energy-General/China-Hopes-To-Setup-New-Oil-Futures-Contract-By-End-Of-Year.html ? China plans to “trade” oil in yuan. They are already conducting ALL energy commerce with Russia to the EXCLUSION of dollars!
Please understand this, with these contracts, they are not going to just “pay” for oil in yuan, they will buy it, trade it, hedge it and speculate on it …in YUAN! Does anything about this jump out at you? It should. Mohamar Qaddafi and Saddam Hussein lost their lives just “talking” about accepting something other than dollars for their oil. Now, the Chinese are openly and publicly planning to take the world OFF of the petrodollar standard!
Let’s take a quick peak at two recent pieces of Western news. First, the EU has told 11 nations they must write into law “bail in” rules or face penalties. Do you understand this? The EU is demanding the savior of banks be at the expense of the people! They are also trying to get this done quickly …can you guess why? Another bit of news was the IMF urging the Federal Reserve NOT to tighten until next year. Again, can you guess why? Unsustainable debt …and interest rates of ANY consequence are not compatible. The West is on its heels on almost every front and backing up while China/Asia prepares…
To wrap this up and the reason for penning this piece, “he who has the gold makes the rules” will soon again be seen as the reality. The U.S. had an intact industrial base and the largest hoard of gold in the world after WWII, we “made the rules”. Now, China has built the world’s largest industrial base AND hold the largest hoard of gold in the world …they will soon be making the rules. This will be felt in many many areas, the most acute I believe will be in the gold and silver markets themselves! If you cannot see their price suppression or cannot bring yourself to admit it, what comes by way of China will either shock you wake you up.
London and New York where paper contracts regularly substitute for the real thing will be relegated as jokes. Watching the COT reports or the London “fix” will be useless (it already is). Once China begins to price oil and gold in yuan, it will be more important to watch the cross currency rates of the yuan versus other currencies as asset prices may “re-set” and then trade in relatively stable “yuan ranges” …it will be foreign currency movements against the yuan which will cause the bulk of asset price swings in “local currencies”. If China does in fact decide to back the yuan with gold at a new and greatly marked up price, it will then be a great asset to be able to read Chinese. I say this because it will be their “COT reports” that matter!
Please don’t get me wrong, China may very well start off on the right foot, however, it will only be a matter of time before human nature and greed take over. Should China and the yuan ascend to a major or even THE reserve currency, I have no doubt whatsoever they will eventually abuse the privilege just as the U.S. has. The one thing I believe most important is whatever level of gold holdings they “claim” will be far less than what they actually have. This, the reverse of the “claims” by the West!
Regards, Bill Holter
Holter-Sinclair collaboration
Bill:
Nice job of connecting the current-events dots. The EU’s demand for immediate bail-in litigation and the IMF’s warning about tightening sure suggest that danger is very close. The fact that these veiled warnings are starting come from such a high level what really gets my attention!
yes exactly!
Bill,
Another hit out of the ball park and thank you.
Also, “…he who holds the gold (and silver) will be the only one to retain his wealth…”
London and New York are whores and paper prositutes!
Any idea if the bail in stuff the FDIC did that made us “unsecured creditors” of our bank accounts exempts anyone? Like business accounts. If they took money from business accounts you can’t make payroll with bank stock. Would make no sense, which means they will probably do it and choke the economy even more.
Great info, appreciate what you do.
nothing over FDIC limits are exempt …unless of course you are part of the ole’ boy’s club … but of course they will be given a heads up anyway.
“The one thing I believe most important is whatever level of gold holdings they “claim” will be far less than what they actually have.”
You mean even after the reset happens? Do you think they will still understate how much they have?
yes I do.
Bil: I’ll post this link in comments for Andy’s latest article as well.
Did COMEX Just Receive A Physical Gold Bailout From The Feds?
http://seekingalpha.com/article/3247676-did-comex-just-receive-a-physical-gold-bailout-from-the-feds
interesting article!
I don’t see that the world has any other choice but for China and Russia to dominate the world. The US and EU vassals have already proven that they don’t place any value whatsoever on freedom, human life or anything else that we hold sacred. They are only interested in money. As Paul Craig Roberts has written, we have to hope for a complete collapse of the US and western money systems in order to save the world from extinction through nuclear war. Although I know the GREAT suffering that will come upon the western nations through economic collapse…THAT is far better than nuclear war. I never thought I’d say it, but China and Russia are now the hope of the world. It may be that God is working through those nations to save all of us.
as a child of the 60’s, I cannot fathom it but you are probably more correct than you know.
Bill:
Good article. I still have this little voice in the back of my head that says unless this crash, or reset, or whatever term you want to use is almost apocalyptic in nature, the Fed and IMF and western central banks will do everything they can to patch the existing system up and keep it alive and may even be successful. This event has to be more than a speed bump at fifty miles per hour. Is there anything that you see – any avenue the powers that be – could use to save the cat or is it too far gone and prepare to hit the wall?
thanks Scott, the wheels will be falling off this time around.
I was raised to and have spent my life working to earn an honest, “probably insufficient” reserve while constantly being tested by the temptation of fraudulent wealth accumulating opportunitys. Im too old to start over, putting me at the cross roads of serious decisions having only two outcomes. For fear of failing financially in a world filled with complete deception, manipulation and ongoing negative agendas, Ive decided to mostly convert to and go with what I believe to be honest money. As rare as the truth is today, I have to believe that what will ultimately surface will be the truth. One of my favorite sayings is, “if the truth don’t work, nothing will”. An old man once told me that luck was preparation meeting opportunity.
I feel lucky Bill to have crossed paths with you and your passion. I believe your in your element!
thanks MUCH Brady, I am in my element and Au/Ag IS the truth.
Watch the Spratly Islands for the trigger. When the U.S. threatens China over their island building, China will respond by announcing their gold holdings. Then gold and silver will be off to the races.
this is a possible trigger.
IF and A BIG IF…
Jimmy is right about Kerry
then Warren is on money for inhouse political crisis
then the last of the first Jenga may may may have just fallen…
who’s got MOST of the new shinny brick may be the new game…
well enjoy the LORD OF THE FLIES!
this time it will be DIFFERENT!
mor mor mor
LIVE but HIDDEN IN PLAIN SIGHT
and history will never float tell the real real real truth ever again…
well perhaps until one fine day…
a radioactive fossil clutching a minority report was found by aliens?
i dont feel lucky tho
🙁
who’s who is being vacated for the clearing house and change of namelist?
but then again with a clear emptied mind
everything everything absolutely everything
that comes forth must also be fated to
go with the wind….
vanity vanity vanity… is the name of the game of death/life on earth
all here and now is for nothing but transient (and artificial bling systems)
just try try try dont leave a trail of blood and crap behind…
cleaning after someone else is increasingly stinky and deep-shitted business…
keep mother earth clean will ya?
R.E.S.P.E.C.T. ?
hey you children???!
back to my cave for the wkend long meditation…
Along w bill and many others
in different professional fields and colorful worlds
who have their eyes opened
unless we as a species attain reciprocal altruism or mutual guaranteed (Rav Laitman)
we might as well not come to earth at all!
https://en.wikipedia.org/wiki/Reciprocal_altruism
If there be still a tomorrow
let us work and reach the higher attainment
if not for us then for those who come after us…
the invincible hand of higher power NOT OF THIS CORPOREAL WORLD is moving…
🙂 love thy neighbor as/MOR THAN thyself
we dont need war to push us into those forced-practice/commandments
we can choose to do it in peace time
cant we????
we have enough intelligence right?
have a good wkend ya all GOOD ppl
I had a nice surprise yesterday. I went to the dollar store and and spent $8 and when I got home I noticed the cashier gave me a 1964 silver quarter. I know its not much but it put a smile on my face.
how fortunate!
bill from my e mail
Michael Vaughan DDS
8:28 AM (7 hours ago)
to me
The Wall Street Journal has an article on Waddell and Reed’s two largest mutual funds. Mom and Pop investors have pulled 1/3 money out of these funds in last 12 months. SEC regulators are considering “gates” to stop the run on mutual funds. The withdrawal of money has begun.
“gates”.
“The one thing I believe most important is whatever level of gold holdings they “claim” will be far less than what they actually have. This, the reverse of the “claims” by the West!”
I think that’s not right.
Under-reporting your holdings is a useful deception while in preparation, but less so come the day your holdings are underpinning your currency. Or do you believe the Americans are under-reporting?
As China pivots from preparing to back their currency to actually doing so, their deception needs to reverse, surely?
So they needed to retain the element of surprise and keep reporting 1000 tons until the day they were ready to act, but will soon announce c20,000 tons with a flourish.
Their actual holdings might be 10,000 tons, but who will call them on their lie? The Americans, who have spent forty years pretending to have 8000 tons?
we’ll see.