U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

[Master Shake]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

I just read a Reuters article that China GDP growth is now expected to be running at 14.1%:eek:

Sounds kind of bubbly to me. Assuming you can believe anything the ChiComs tell you.

[Spartacus]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

Sure. Just as there are wizards and goblins roaming the earth searching for harry potter. Indians also believe in the sacred bovine. Might underscore the importance of gold and silver (and cows) in those societies when it imbues them with special powers. Whether is has special powers or not I will leave to the fiction writers.

Do you know what the content of that belief actually is?

the sacred bovine ... so much worse than the 6,000 year old earth, the talking snake, the virgin birth ... the spaceman who sends his son (who is also himself) to die ...

[cburch24]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

China and Russia don't want gold anymore than the US does. This is what people don't understand in the slightest.

They THRIVE on authority, these nations, their ability to control. Gold undermines authority.

Gold is the *soul* of freedom, libertarianism, and capitalism.

Does anything about China and Gold seem particularly compatible?

If China (by that I think we mean the Chinese government) thrives on control, and it controls a large percentage of the world's physical gold, does it then follow that the Chinese government controls the soul of freedom, apple pie, mom, etc etc?

[ricket]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

China and Russia don't want gold anymore than the US does. This is what people don't understand in the slightest.

They THRIVE on authority, these nations, their ability to control. Gold undermines authority.

I agree with this statement. But I wouldnt discount their use of gold to break the back of the power of the United States so they could increase said authority.

If you wanted to topple the US and gain more authority (power) over more parts of the world, the first thing you would do is end the global currency supremacy of the United States. Russia and China make take a few hard knocks, but they are much more capable of surviving them at this time than the US is. All it would take is a major currency event to throw political stability in the US right out the window.

[kartius919]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

No I don't. And no, I don't put much credence in Western religions either. The bible may be the greatest western fiction ever told for all I care. But these stories give a glimpse into the people that lived before us.

[strittmatter]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

Do you know what the content of that belief actually is?

the sacred bovine ... so much worse than the 6,000 year old earth, the talking snake, the virgin birth ... the spaceman who sends his son (who is also himself) to die ...

...........the full faith and credit of the U S of A...............


Could the bovine have been deemed sacred because of the value of its perpetual life sustaining attributes?

dunno.

[touchring]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

Sounds kind of bubbly to me. Assuming you can believe anything the ChiComs tell you.

Sure, it's a bubble, but a bubble that builds real things is better than a bubble that sends wheelbarrows of cash to Wall street bankers and punters.

[LorenS]

Re: U.S. Paper Dollars And Asian Gold Reserves, Chasing the Dragon

China and Russia don't want gold anymore than the US does. This is what people don't understand in the slightest.

They THRIVE on authority, these nations, their ability to control. Gold undermines authority.

Gold is the *soul* of freedom, libertarianism, and capitalism.

Does anything about China and Gold seem particularly compatible?

I don't buy this. Gold coins were used first by monarchs, and over the ages by monarchs.

What we're going to see is a drop in the currency and the US/Japan/Europe are going to have a drop in living standards. Unemployment will remain high until the labor force properly restructures itself.

There will be major shift in the balance of power, it will just becomes more balanced.

The next major power will not be China, the next major power will be the intellectual elite that manufactures cheap energy, AI and Robots. This elite will be nationless and global. Rather than having rich nations and poor nations we will just have rich people and poor people.

This I could easily see, since it's well advanced already. The corporation has become a more powerful weapon than nukes.