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China Preparing To Launch A New Monetary System Centered Around Gold

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  • China Preparing To Launch A New Monetary System Centered Around Gold

    This is an insightful article about the trade war and the likely outcome. The author explains why China will probably win -- and why the US is going to lose. US/CHINA TRADE WAR:

    A New Monetary System Centered Around Gold
    June 2 (King World News) – Dr. Stephen Leeb: “The tensions between China and the U.S. have intensified into what some are calling a Cold War. Technology supremacy is at the center of the battle. The U.S. has decided that China threatens America’s putative supremacy in tech and wants to beat it back. One apparent U.S. aim is destruction of Chinese tech icon Huawei.

    And with this Cold War, we should have no illusions about the outcome – we’re likely to lose. That’s because, unfortunately, the U.S. has been pursuing an approach that is misguided, shortsighted and could easily backfire. As with any war, hot or cold, to the winner will go the spoils. In this case, one of the spoils China will happily gain will be moving faster to a new monetary system centered around gold…

    https://kingworldnews.com/us-china-t...d-around-gold/

  • #2
    You guys obsess over trivia and nonsense -- and meanwhile fail to notice the really important events that are transforming our world. Denial and brain death are rampant in the US of A -- the land of the free and the home of the brave.

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    • #3
      What are you even talking about... the gold standard isn’t the primary issue of the erosion of the American economy. It was a step along the way that has led to senseless political mismanagement of the entire economy.

      The creation of wealth through the use of leverage and debt has been a huge disservice to us all.

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      • #4
        Originally posted by rmsanger View Post
        What are you even talking about... the gold standard isn’t the primary issue of the erosion of the American economy. It was a step along the way that has led to senseless political mismanagement of the entire economy.

        The creation of wealth through the use of leverage and debt has been a huge disservice to us all.
        Its been a cascade of misery since we moved to a Fiat currency- “we have good credit, promise” is a troubling basis for a monetary system..

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        • #5

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          • #6
            US-UK Affair on the Rocks
            By Finian Cunningham

            June 05, 2019 "Information Clearing House" -Never has a visiting US president caused so much protest and division among the British public. For over 70 years, American and British leaders have flattered each other about a “special relationship” between the two states.

            That "love affair" seems to have hit rocky ground under Tump.

            For three days during his state visit, Britons made their contempt felt for the American leader. Trump flew into Britain like a tornado of trouble, interfering in the Brexit debacle, slamming the mayor of London as a "loser", promoting Boris Johnson as the new Tory leader, and denying recorded jibes he made at a member (Meghan Markle) of the royal family.


            President Trump's brusque personal style and inflamed British passions over Brexit are certainly factors in apparently vexed relations.

            Of course, there were the usual platitudes and official banquet toasts to the "special relationship".

            Nevertheless, Trump's high-handed poking into Brexit politics and the British public's disdain for an uncouth American suggest that the once cozy US-UK affair is going cold.

            But it's not just America's supposed special bond with Britain coming undone. Washington is increasingly estranged from other allies in Europe too.

            The Trump administration has taken to routinely pillorying Britain and other Europeans over any number of alleged grievances. Those grievances include Washington complaining about "unfair trade" by the Europeans, and threatening to impose tariffs in "retaliation"; they include demands by Washington that the Europeans stop doing business with Iran under an international nuclear accord, which the Trump administration unilaterally abrogated last year.


            http://www.informationclearinghouse.info/51720.htm

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