China is not going to a gold backed currency as it would cause the yuan to rise in value and completely make their exports uncompetitive. These people promoting this crap know nothing how international trade works and the place of currencies to settle this trade or they are PM dealers just making untrue and nonsense claims. This type of monetary…[Read more]
In reply to - The Doc wrote a new post, How Do You Know When Your Society Is In The Midst Of Collapse? This explains China’s long-term strategy to liquidate their dollar holdings and implement a gold-backed c […]↧