A senior communist Chinese Communist Party Researcher says China needs to buy Gold to hedge against the U.S. dollar. He feels the Yuan will be the trading currency in the future and China needs to have more gold to back it.
China has been purchasing resources of other countries for the last few months for
China's growing economy. It is also stated, China should start purchasing land within the U.S. with their dollars. China has increased their gold reserves to 1054 tonnes from 600 tonnes since 2003. The IMF (International Monetary Fund) is slated to sell 400+ tonnes of Gold from their reserves in the next few months, it has been hinted at, that China will purchase all of it from the IMF.
Sinopec, China's largest oil refiner, agreed on Wednesday to buy Swiss oil explorer Addax Petroleum Corp for $7.24 billion in China's biggest overseas acquisition.
China is setting themselves up to be the superpower of the world, they will be taking the title from the U.S., I would estimate within 2 years.
China has the manufacturing base, as the U.S. does not now, so they will be able to control the products of the world. China will own the energy and other natural resources throughout the world. They will probably own land and important real estate throughout the world also, including inside the United States.
For all those people who believe China needs us, well you may be in for a rude awakening, as China is positioning themselves for almost every other country, to need them in the future. They will control the world's resources and products.
I have no doubt when China has fully positioned themselves by getting rid of the the majority of their U.S. debt reserves by purchasing resources throughout the world, prime and important real estate throughout the world, backing the yuan by a gold standard and have made enough agreements with other countries for using the yuan as a reserve and trading currency, in one full swoop it will hit the U.S. and those people who have not been paying attention hard.
China will have the control to pull the rug out from the U.S. in one go, or they can continue to let the U.S. slowly but surely decline. They are the ones who have the control NOT the United States. Oh, if you don't believe that, then you are hiding your head in the sand and not looking at the situation honestly in the United States.
Also, if you think the U.S. is rich in gold, you may want to think again! The U.S. has not allowed an accounting or audit of the supposed gold at Fort Knox since Eisenhower was President. Many many groups have asked for an independent audit of the gold and release to the public how much is there, but all have been refused. Why? Is that why Nixon took the U.S. off the gold standard in 1971, because there was no gold to back the paper money?
I listened to a radio program online a couple of months ago, the person was an international gold trader. The person mentioned there was "melt" on the market being sold. Everyone who is in the gold business knew that the only entity/country who would be selling "melt" as what was on the market was the United States. The U.S. is the only country that had ever confiscated gold from their citizens in the 1930s and melted it. He also stated, by there being melt on the international gold market for sale, that meant that "someone" was at the bottom of their barrel of gold.
The next question is, when will those countries holding the United States debt demand for an audit of the Fort Knox, besides the United States action groups? Will the U.S. deny the demands? I would think so, because I also believe the U.S. does not have any gold left. Otherwise they would not have refused every demand for an audit, they would have opened the vaults to stop the rumours and accusations of the U.S. no longer having any gold for over 30 years.
People need to look at the situation without rose colored glasses and take the "red" pill. China will be the superpower of the world and they will start controlling what happens in the world along with all the resources. The United States once the dollar has lost it's reserved currency status, along with the truth of Fort Knox gold, others will not buy our debt and our dollar will hyperinflate. The truth is hard to swallow, but if you don't acknowledge the truth now, you will not have positioned yourself for the coming changes and will be lost like the majority of the population of the U.S.. Look at the situation honestly don't be taken by surprise and shock at what the future of the U.S. will be.
LINKS to corresponding articles: http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=85486&sn=Detail
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece
ANOTHER LINK - about China's purchases of resources around the world:
http://www.time.com/time/magazine/article/0,9171,1890398,00.html
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