Posted by
Derrick Michael Reid on Tuesday, March 17, 2009 3:21:26 AM
President Bush,
Please kindly pass along to President Elect OBAMA.
Why wont the US gov audit Ft Knox gold reserves to assure the people that its not
ALL GONE? And why will not mainstream media ask any questions?
I suppose the audit wont happen, until some day, OREILLY will claim that the GOV DID NOT WARN THE FOLKS (about the subprime mess, yet I personally sent him email, yet nothing was done). OREILLY is a farce in this regard, and will probably ignore this message as well.
But how about it? Why will not the gov audit the nation's gold reserve? It's the PEOPLE's gold, not the government's gold. Curious minds would like to know.
THIS HEREBY GIVES THE US GOV and PRESIDENT ELECT OBAMA NOTICE that credible allegations have been made that the US gov through a cartel of banks have plundered the nations gold in support of the STRONG DOLLAR POLICY.
On behalf of the American People, I hereby demand a US gold audit.
Derrick Michael Reid
Laguna Beach CA
================
If these banks lose control of the price of gold when they hold such large short positions, it could destroy them. This has created a no-win situation. This is why all the stops appear to have been removed for these banks to continue to control the price of gold. But, the cost of doing this will be that the US will have to start (if it has not done so already) giving these banks US gold from Fort Knox. How else can they come up with gold to stop the price of gold and silver (and ultimately oil) from rising?
If I were the incoming President-elect, I would not want to go down as the President who will be blamed for giving away the US gold supply. If I were he, I would call for an immediate inventory and accounting of gold and investigate the manipulation of the gold and silver markets by these US banks. Unfortunately, the husband (the US government) will most likely hide the truth of its affair with these immoral banksters until the wife (the US people) find out and call the husband to task for its illicit affairs. We all know what happens then... Steve Hickel
http://www.gold-eagle.com/editorials_08/hickel112908.html
==============
Bottom line, allogations have been made that the US has sold off over 1/2 of its gold treasure to support the FIAT DOLLAR over the last 20 years, and the GOVERNMENT REFUSES to do an audit of our, THE PEOPLE's, gold.
It is important. If this whole fiat money complex collapses, only gold and silver ready money will save us from anarchy.
=========
Why wont the US gov perform a SIMPLE audit of the nations gold.
It must a SECRET, or a shame, a confiscations of the people's gold,
to support the FIAT dollar sham the our TOTALITARIAN DEMOCRACY.
=========
Money, War, Politics, Culture, and go hand and hand
=========
There has not been an audit for 50 years, and its due.
==========
Bill
You may recall the 12/26/05 memo - US Government is Preparing for the 2010 FRN collapse -, The Toulouse-Lautrec Table, wherein:
"
President Putin calls for increased
bank gold reserves while
Russia is now stating that its gold production has dropped. Hmmm, sounds like a possible secret Yuko's confiscation. There are also rumors that other Asian banks, such as
China and Japan, may increase their
gold reserves from a tiny 1% of their
FOREX reserves. Other world banks seem to be taking notice as well of gold trends and ballooning US debt, as
Venezuela and South Africa, inter alia, have also indicated new interest in building their gold reserves.
Central bank gold sales by the EU seem to be slowing as well, if not reversed, as the British exchequer, Mr. Brown, gets repeatedly slammed for selling vast amounts of British gold reserves at the bottom of the
gold price in about 2000. I suspect Britain will now think twice about selling any more gold from its reserves. There is a global movement out there and something big is afoot for sure.
When looking at global trends, this novice in the gold market, who jumped in at $270 in late 2000, sees a global trend towards hoarding gold, but why? Not a
stock trader, nor a gold trader, in late 2000 when gold was low, I simply figured it was a safe
long term investment, not knowing any better, and did not blink during the channel up trend corrections from late 2000 to late 2005 when Gold finally entered the so-called phase II break out. But having seriously jumped in, I started to seriously review market commentary, and particularly like the differing of opinions. With gut feelings that something big was afoot, Mr. Murphy and his gang at
LeMetropoleCafe.com caught my eye."
You said:
MIDAS NOTE: This is extremely well done. The timing is perfect as exhibited by this article:
China's forex watchdog faces dilemma on expanding gold reserves
From
Xinhua News Agency
Monday, December 26, 2005
http://news.xinhuanet.com/english/200512/26/content_3971982.htm
SHENZHEN, China -- To buy or not buy? That's a question for Chinese foreign exchange authorities. They have been urged to expand
gold reserve since the Renminbi appreciation, but the decision is hard to make since the
gold prices are rocketing.
Some economists have been appealing to the State Administration of Foreign Exchange to expand China's gold reserve after the Renminbi appreciation in a bid to reduce the country's reliance on the greenback....
Now we know why.
China confirms talk by unveiling big pot of gold
* China quietly increased gold reserves by 75 pct since 2003
* Now one of only 6 countries holding over 1,000 tonnes
* But gold has fallen as share of total forex reserves
* Gold makes up only 1.6 pct of China's reserves
By Alfred Cang and Tom Miles
SHANGHAI/BEIJING, April 24 (Reuters) - China revealed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been buying.
Both you and I knew something was up with China way back in 2005. But China kept it secret. This ties into to Putin's calll for a gold back international currency.
THIS IS SO BULLISH!!!
Derrick
==============
The US Dollar broke below 85 on the USD index, indicating a technical break down is in process. Bonds sit at the precipice as well. China reveals massive gold buys. Massive inverse head and shoulders formation in gold and cup and handle in silver, in view of the Dollar, bonds, and china, portend a massive surge in bullion prices.
Then, think about inflation hitting big time into 2010. hhhmmmm
ALL ABOARD!!!! (the train is leaving) DANG IT, protect yourselves from the ravages of the DC printing presses.
==========
Bill Murphy, Chris Powell, GATA,
Bernie Lo, Paul Gordon Bloomberg.
Gentlemen,
I have repeatedly sent Bernie and Paul et.al. emails asking the quests if there was any evidence that china was buying gold. (And Bernie, you know this to be ture, because I sent you the emails asking the questions that were answered.) The answers came back, invariably, no there is no evidence of that, yet this day, it finally get revealed that Murphy and I were correct ALL ALONG about the Chinese in there buying gold up. You pound these media people, like I did with bloomberg and fox, and do it long enough, and you will get some exposure and some questions answered, often INCORRECTLY.
Now we have people belittling your contention of bullion manipulation. Yet, your credible evidence includes a formal WAG2 cartel selling gold, timing of bullion sells, regular FOMC interventions, a motivating strong dollar policy, a motivating anti-panic governance, regular gold capping performance, knowledge of gold sales, swaps, and loans, monstrous concentrated naked short COMEX positions as crimes in process that the SEC/CFTC does nothing about in RICO conspiracy, in the presence of a financial disaster that should have rocketed gold to the moon, and has not done so, AS YET.
These SO-CALLED experts were completely clueless about China, yet, we, Mr. Murphy and I had a pretty good idea that China was in there buying, yet these "EXPERTS" laugh at the idea of gold manipulation, yet you have a ton of viable evidence. I guess these so-called experts will finally get it, when formally admitted YET AGAIN, when gold finally rockets to $6000/oz in the next couple of years.
Dont get me wrong, Bernie and Paul do a great job for Bloomberg and the viewing public, but, its the expert blow job, without an opportunity to respond and debate, that I object to.
Derrick Michael Reid
Laguna Beach CA
======================
Paul, you having on a gold expert?
With a by-definition cartel of EU banks selling gold (under WAG2) negotiated by the US, with bullion banks (including JPM) concentrating 80% of all naked short derivative positions on the COMEX suspressing bullion, with motivations of the strong dollar policy to mask dire banking conditions to keep interest rates low, while jaw boning the anicent relic down while always promising IMF bullion gold sells for over a decade, with the US failing to audit its gold reserves in 50 years in the presence of allegations of 50% being sold off already, DOES NOT ALL OF THIS INDICATE GOVERNMENT LED BULLION MANIPULATION to support their FIAT PAPER MONEY? IF NOT, WHAT ELSE COULD IT POSSIBLY MEAN?
Derrick Michael Reid
Laguna Beach CA USA
===========
Bernie,
Understand, cowboys in the West US (Murphy reside in TX, and I in CA) dont like GETTING LAUGHED AT ON INTERNATIONAL TV, without an opportunity to debate this guy. That laugh was tantamount to a sucker punch on YOUR SHOW. Your guest could have been polite, and respectfully disagreed. But no, your man MARSHAL LAUGHED!!!! Where you have an INSULTING bit, the victims deserves their day in court.
ITS ONLY FAIR.
Them were fighting words, and YOU, in fairness, must offer the debate to stay neutral, and if Marshal refuses, THAT SHOULD BE NOTED FOR THE RECORD.
You owe that to your viewing public, and to us gold bugs, FOR THAT CHEAP SHOT.
Derrick
Bernie,
I love your show, but, I was rather put off by Marshal May(SP?) who laughed at GATA's assertion re bullion manipulation. WAG2 gold agreement is a horizontal trade agreement, which BY DEFINITION forms a cartel. JPM has a concentrated short position, suppressing bullion prices, with 80% of the short derivatives, which JPM is on the government best of show list. When you have DUMB BUTTs likes that, if make me tune in even more. So, IN PLAIN VIEW is a cartel of EU banks, orchestrated by the WASHINGTON Agreement on GOLD, with JPM CITI UBSHus controlling the comex PAPER prices. MOTIVATION? Strong Dollar policy, hide barometer of financial ill health, and suspress interest rates, ALL BY CONTAINING the price of gold. Where you have 1) MOTIVATION, 2) CARTEL of BANKS, and 3) BULLION BANK using BLANT CRIMINAL market controls through derivatives to suspress price, HOW CAN IT NOT BE GOVERNMENT LED MANIPULATION?
QUESTION, (it a mouth full).
Here is the question to any of your quests, (WHO KNOW SOMETHING ABOUT BULLION)
With a by-definition cartel of EU banks selling gold (under WAG2) negotiated by the US, with bullion banks (including JPM) concentrating 80% of all naked short derivative positions on the COMEX suspressing bullion, with motivations of the strong dollar policy to mask dire banking conditions to keep interest rates low, while jaw boning the anicent relic down while always promising IMF bullion gold sells for over a decade, with the US failing to audit its gold reserves in 50 years in the presence of allegations of 50% being sold off already, DOES NOT ALL OF THIS INDICATE GOVERNMENT LED BULLION MANIPULATION to support their FIAT PAPER MONEY? IF NOT, WHAT ELSE COULD IT POSSIBLY MEAN?
Derrick Michael Reid
Laguna Beach CA USA
On Wed, 4/22/09, Derrick Michael Reid <w2_5hs_3c_xfers@yahoo.com> wrote:
From: Derrick Michael Reid <w2_5hs_3c_xfers@yahoo.com>
Subject: Fw: Re: GATA
To: "Bernie AsiaConf Lo" <asiaconf@bloomberg.net>
Cc: "LePatron Lemetropolecafe" <midasnh@aol.com>, "Chris GATA Powell" <CXPowell@yahoo.com>
Date: Wednesday, April 22, 2009, 4:27 PM
OK, Bernie,
Mr. Bill Murphy made the challege, and is calling out Marshal,
for a shoot-out at the OK (asian) Carrol.
Trust me, you advertise the shoot out a couple days in advance, and bugs around the world will tune in!!
You game? Get it done, I would love the fire works!!!
Derrick
==============
Bill
The US Dollar broke below 85 on the USD index, indicating a technical break down is in process. Bonds sit at the precipice as well. China reveals massive gold buys. Massive inverse head and shoulders formation in gold and cup and handle in silver, in view of the Dollar, bonds, and china, portend a massive surge in bullion prices.
Derrick
=============
The china story is huge, because we did not know where the gold was going. The world gold counsel DID NOT account for the missing 400 tonnes of China purchased gold. Where did it come from. The allegation has been the US has been selling the gold reserves unbeknownst to the people, and a request for a audit has been made, but no go. The china surreptitious purchases is a big piece of the puzzle coming together.
=======
Derrick sends us some retro on China/gold which was brought to your attention years ago…
China's forex watchdog faces dilemma on expanding gold reserves
From Xinhua News Agency
Monday, December 26, 2005
===============
Professor Igor Ivanovich Shevchenko
Far Eastern State University
Vladivostok, Primorsky, Russia
Sir,
Over the past 5 years, there have been multitude of coincidences, between my memo and actions taken, anyone of which is meaningless, but in aggregate, claim is made that your's truly rocks this world. The claim could be right, or merely reflecting an intelligent overall comprehensive awareness.
Here is an example.
I only ask you consider it, and YOU MAKE THE CALL.
1. The base is a prediction of the demise of the global fiat regime, where real money replaces fiat, in a global fiat complex collapse. This prediction goes back several years.
2. Hu of China comes out and says that China would like a basket of currencies SDR consisting of FIAT MONEY.
3. In response, I issue the memo "The new world order", saying that for USD to be dethroned as the world reserve currency, it would require a global UN treaty where all fiat is outlawed and then using only gold/silver real money.
4. In response to The New World Order Memo, (apparently another coincidence) Putin ups the anti, and indicates gold should be a component, in Duvos Switzerland. "Anyone pick up on the fact, that I suggested GOLD, and sure enough, Putin adopts it as part of the plan. They will get there, eventually. You watch".
5. I stated that only gold as the international medium of exchange would offer real fair trade between nations. This is part of the war/fiat being replaced by trade-war/gold prediction a couple of years ago, where gold would desirably keep all countries honest respecting each other.
6. On Bloomberg two weeks back, Bernie Lo aired my question to a expert, if there was any evidence that China was secretly buying gold, being aware of rumors of such since 2005 when I started researching bullion markets.
7. Then today China announces that its reserves are up 400 tonnes to 1054 tons, two weeks after my question, and a month after my "new world order" memo.
Analysis:
When you ask such a question on international TV about China's secret gold buys, its starts other people thinking. It could be that such thinking starting ringing bells, to where China could not keep it secret much longer anyway. In order for the USD to be dethroned by gold, all countries would need to state their gold holdings and fiat outstanding for redemption of fiat into gold, upon the financial reboot in response the collapse underway. This would go to the necessary devaluation of the dollar, and all fiat generally, respecting gold, particularly in the presence of gold bullion manipulation led the US. By stating their gold reserves, China is now SETTING THE STAGE, PER the "New World Order" memo to move to removing the USD as the reserve currency. The redemption price for each country would be based upon fiat outstanding and central bank gold holdings.
Conclusion:
Putin and Hu intel people are reading my stuff, and China let the cat out of the bag in response to the Bloomberg question motivated by the need to transparently seek a global gold standard to dethrone the US FRN fiat dollar as the reserve currency, and try to protect themselves in the years to come by irresponsible fiat bankers. Did China react to my question/memo?
YOU MAKE THE CALL.
Personally, sure its possible, but all seems like a natural part of our collective human cultural evolution.
Derrick Michael Reid
Laguna Beach CA
==========================BACKUP
This explains our world:
http://totalcontrol.blogtownhall.com/
The New World Order:
http://totalcontrol.blogtownhall.com/2009/03/14/the_new_world_order.thtml
Note "Derrick" in the following Lemetropolecafe article by Mr. Murphy 4/24/09.
http://news.goldseek.com/LemetropoleCafe/1240765200.php
============
Bill 4/24/09
The US Dollar broke below 85 on the USD index, indicating a technical break down is in process. Bonds sit at the precipice as well. China reveals massive gold buys. Massive inverse head and shoulders formation in gold and cup and handle in silver, in view of the Dollar, bonds, and china, portend a massive surge in bullion prices.
Derrick
==========
The Currency War, (Without Firing a Shot)
On 1/14/06 Lemetropolecafe publish on the Mans Ray Table, an article entitled Anglos Rule the Bi-Currency World, wherein it was stated:
"In foreseeing the inevitable collapse of the US federal reserve notes (FRNs), that is, dollar bills, projected to be about 2010, and the sinking of other world fiat paper moneys in its wake, it seems that the Anglo world, and its progeny, is the best prepared…In the event of an intentional or unintentional collapse of fiat moneys, the USA and her Anglo sisters would certainly survive a global fiat collapse better than most. While wars are often used to place an aggressor nation above others in power, control, influence, and wealth, the current progress of human cultural evolution is to avoid wars were possible and cooperate together for the common good. It seems then, that an alternative to war has been found, this time around, as the Anglo world could do the same by placing itself as the financial rulers of the world in a globalized world economy, in a war free global community, without firing a shot, by simply collapsing the FRN through uncontrolled fiat money printing while retaining backup real gold and silver coinage sustained production".
Reprinted:
Shortly thereafter, in 2006, a missive was then publish entitled "War & Dollar replaced by Gold and Trade", wherein it was stated:
"The proclaimed demise of the almighty dollar, projected to start in mid summer 2006, is already upon us, and the dollar is expected to collapse around 2010-11. As trade wars become more popular over military wars, governments will be more keen to keep cheating banks from printing fiat money and from hiding state sponsored subsidies, and will seek to spend their military dollars on trade war productivity rather than unnecessary military hardware and personnel. The fights will be in trade wars, that will necessarily required a monetary standard of money that all can unequivocally agree upon as to value. Gold and Silver are the only real alternatives… As governments learn that expenditures of real money on military hardware and personnel diminishes their returns and limits their abilities to invest in trade productivity in trade wars, expenditures will shift away from war materials and fiat money to trade capital assets and real money for improved global trade competition. The ultimate projection is that the Dollar and War are completely replaced by Gold and Trade, say by 2025!"
These two passages set the stage for then next up leg in the assent of Man, where concurrently war and fiat is replaced by trade and gold. The prediction of 2025 may have been to pessimistic, as things financially are evolving faster than anticipated. In a shot heard around the world, for those who have their ears tuned into the resonance frequency of the global confluence driven by human cultural evolution, CHINA, as long suspected by Mr. Bill Murphy of Lemetropolecafe, announced that for six years it had been secretly, aka financial covert repositioning of weapons of mass wealth, increased their gold reserves from 600 tones to over a 1000 tones.
The GOLD CARTEL, a collection of EU banks openly selling gold under the WAG2, but surreptitiously led by the US also leasing and swapping gold store through Bullion Banks along with the Derivative Banks (JPM, Citibank, BoA et al) and using massively under-water naked short COMEX futures derivatives, have suppressed the prices of gold over the last two decades, to maintain the illusion of sound fiat paper money, in the presence of gross over spending by governments. When selling this gold, as alleged, some gold had to be coming from some where and had to be going elsewhere. The announcement by China now gives us all a real clue, with nearly all in mainstream media demeaning the manipulation allegation, yet, they can not now possibly account for China's gold purchases. You just cant hide forever 400 tones of gold. It had to come from somewhere. The allegation is that Ft Knox has been effectively feeding slowly China and the markets generally the US gold reserves to preserve the appearance of strength in fiat paper money, of which, the US is the lead with the USD FRN being the world reserve currency.
The totalitarian socialists WW-FDR-LBJ-BHO, aka the US gang-of-four, have set the stage for a collapse of the almighty dollar through the creation of the private FED Bank and use of its fiat dollar. China is very well aware of the irresponsible spending and obscene debt accumulations in the US and has expressed concerns. Even Russia PM Putin has scold the US for its irresponsible socialistic spending, as the US in socialism will in time out do even Soviet Russia in its totalitarian controls.
China has aggressively sought to increase its domestic production of the base and precious metals. China is currently buying copper for example to restock warehouses full. China has become the world largest producer of gold bullion. China is also making noises about picking up ANOTHER 400 tones of Gold from the IMF. Nothing could please China more than picking up some more ammunition for the up and coming trade war and international gold standard. Obviously, China is loading the boat with, but really, why would any government be so foolish, when the US financial complex, by and large, regularly proclaims the ancient king of metals, as a barbaric relic? The answer lies in part in the recognition that US propaganda, in its totalitarian democracy, serves to maintain the USD FRN global central bank reserve status and an apparent strength of the USD in the presence of massive twin fiscal and trade deficits. The answer lies also lies in part in the recognition that the world is changing in globalization in the global confluence.
Russia and China are not led by fools, and China's Hu and Russia's Putin, et. al., understand very well, that they are at the mercy of US fiscal policies, when holding vast reserves of USD FRNs. Many other countries are also concerned about the USD's "road to hell", as recently characterized by the EU president. Russia and China are apparently forming an alliance to dethrone the USD as the world reserve currency to escape the ravages of the DC printing presses. But in the up coming trade war and gold standard, Russia and China are also finding some American allies, not the least of which is yours truly, and an vast army of real money believers throughout the world, as GOLD is one of the high-fives of freedom, (God Gold Guns Land and Vote). These new allies, resident in the USA, do not perceive themselves as traitors to our obamination, but rather as constitutional protectors and real money protectors of the citizens of the US. These new allies include the states of MT CO NH OH GA MD MO and IN.
The move toward replacing war with the trade wars is now upon us as the global confluence cements its international civility functional rule sets over the planet. Currently, we all must admit, that there are no hot wars between any two recognized UN countries, as more and more insurgencies are sedated in the present of walking liberty. Save a few Samoli pirates, insurgencies and clans of throat slitting bombers, the global trade routes are essentially free to prefect the transition to the trade wars.
In the original missive, the perspective was that a single country, which should be read as giving the US Government a signal that the trade wars and real money are coming globally to conserve the gold reserve and so that minting would be robust, has a purportedly vast gold reserve, but alleged to be sinking fast to sustain its fiat money dominance, that by collapsing fiat money while producing mint coinage backed upon by domestic mines, would maintain its position as the world economic power house. But as the US apparently discards its bullion stores surreptitiously, the US is losing that ability in the out years. China is looking at the situation, and unlike the US, being lead fiat money printer, is positioning itself to become the worlds financial money emperor. China knows what is in store the US USD FRN, and that is hyperinflation or hyperdeflation, both of which would cause a run on gold stores about the world.
Currently, there is a year massive inverse head-and-shoulders formation, that is building, which formation would be complete when goes rallies to $1000/oz, and that is expected by end of June 2009. The long term bull market in gold is certainly in tack, and the fiat money printers in DC will not stop, as the elitist addict print more and more money, piling up mountains of fiat paper debt. There is no doubt, that as gold approaches this significant level again, as is normal in such formations, and as gold takes out 1000$/oz to the upside, the GOLD CARTEL led by the US with enabling bullion and derivative banks, will be in there selling gold and derivatives to keep that from happening, in a losing game, and the massive 80% criminal manipulative naked short COMEX derivatives are massively squeezed, gold will rocket with target at $1300 $1650 and $2500 over the next 12 months. All of this is very well known by the Chinese sitting on 2T$ of USD FRNs, who, in response, have played the US based bullion banks and derivative banks, as the patsies they really are, buying gold from 300$/oz to the present day 900$/oz. The Chinese are no fools, sees the propaganda for what it is, sees the manipulation of the bullion markets for what it is, and is playing for the whole golden pot and the economic power that that brings to them. The Chinese will not have to force the US to inflate the dollar to zero, to become the world's financial power house, as the US is doing that for them. The irresponsible US spending is China's best pal, over the long run. China sees what is happening, and is reacting.
The Gold Cartel, led by the US, took the easy path to sustain world dominance by suppressing gold, and in so doing, shot the messengers of ill financial health and the gold alarm bell, for if gold had been allow to trade freely, its higher price much earlier on would have signaled to all that something major was wrong with the US financial complex, with the US bankster greed, with the under regulation of derivatives, and with the USD FRN fiat paper money. The lure of easy money through piling on mountains of debt to sustain ever increasing socialism in our obamination, and the concomitant projection of US power through that that increasing amount of debt provides, was just to resistible over the last 100 years, and more particularly over the last two decades. The American empire is clearly in decline, where instead of promoting honesty in real money, we choose the easy route, and passed out intrinsically worthless FED USD FRNs in ever increase amount of debt in the greatest ponzi scheme of all time, leaving to hyperinflation or deflation, in economic ruination, recession, and potential depression, and that is a tragedy for my beloved country, America.
China has successfully understood that:
1) the US propaganda that gold is a barbaric relic is false;
2) the US irresponsible over spending will wipe out the US FRN paper dollar value into oblivion causing severe damage to China's FOREX reserves;
3) the future financial power players will be those producing gold bullion;
4) the GOLD CARTEL and their bullion banks and derivative banks are manipulating and suppressing bullion prices that are actually dirt cheap these days at 900$/oz heading for $6000 in the next few years;
5) the future power struggles will be the trade wars where domestic productivity is everything;
6) the future monetary medium of exchange between nations will be gold, the only money of 5000 years of recognized value,
7) the future power struggles will be between those with gold production, competitive manufacturing, and a population base to support mine production and manufacturing.
Accordingly, China has reacted to these obvious trends by:
1) becoming the world's number one gold producer;
2) encouraging and enabling Chinese to buy gold;
3) maintaining its fantastic economic growth rates;
4) hoarding base metals to stock pile strategic metals for economic expansion;
5) surreptitiously buying gold over the many years in the face of the manipulation by the GOLD CARTEL;
6) allocating more and more of the USD FRN reserves to procure mines and resources about the world;
7) pushing for an alternative global reserve currency to protect itself as the USD FRN slides in value in a way to condition the world and rally world opinion toward an alternately global currency;
8) engaging in a full court press in all monetary and manufacturing sectors in preparation for an all out currency war;
9) agreeing with other nations to transact in the yaun in an attempt to make the yuan potentially a reserve currency in competition with the USD FRN; and
10) eyeing another 400 tones of IMF gold.
The US irresponsible money printers are China's best friends actually, giving China an opening of the door to world dominance, an extension of Nixon's open door policy. China is enroute to becoming the world's dominate economic, and hence, political power house about the world, aided by irresponsible DC paper money printers, WITHOUT FIRING A SHOT.
Derrick Michael Reid
Laguna Beach CA USA
==========================
When the American people find out that the US government has suppress bullion prices, as a GIVE-AWAY of 1/2 of the nation's treasure, our last ditch defense to complete economic ruination, to the chinese, those tea-parties will look the county morge by comparison, if not wallflowers at the local high school sock hop, then you finally will see some real OUTRAGE!!!!
This is going to be EXCITING for sure.
=======
So questions are posed, that MUST BE ANSEWERED under BHO's promised TRANSPARENCY. (oh I forgot, that a campaign promise, so you know how much weight that carries)
Where did china get that gold, as the World Gold Counsel HAD NO CLUE?
Why wont the US audit the US gold reserves?
How much 8250 tones of Gold is GONE?
Why wont the CFTC prosecute JPM for criminal manipulation of bullion prices on the COMEX?
We citizens deserve answers. Right? Well not so fast, it being kept secret as part of the Treasury's stress test confidentiality, get it?
=========
Mr. Bill OReilly,
Can you get any answers? Or this just to hot to touch?
Derrick Michael Reid
Laguna Beach CA
Where did china get that gold, as the World Gold Counsel HAD NO CLUE?
Why wont the US audit the US gold reserves?
How much of our people's 8250 tones of Gold is GONE?
Why wont the CFTC prosecute JPM for criminal manipulation of bullion prices on the COMEX?
==========
The Golds Wars preceed the TRADE WARS.
=========
China admits to building up stockpile of gold
Alfred Cang and Tom Miles, Reuters
The confirmation of its surreptitious stockpiling is likely to fuel market talk about Beijing's ability to buy secretly and its ambitions for spending its nearly US$2-trillion pile of savings. And not just in gold: copper and other metals markets are booming thanks to China's barely-visible hand.
China produced 282 tonnes of gold last year, meaning the state bought around one quarter of domestic production, assuming 454 tonnes increase in state purchases were spread out over the six years since China last reported a change in its holdings. Despite the rumors, buying by the state was partially obscured by soaring demand for gold as an investment, especially after the bursting of the Shanghai stock market bubble last year.
Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Hu said China recently reported the change in its gold holdings to the International Monetary Fund and would include the latest change in central bank reports and balance of payment statistics.
She did not say when China notified the IMF.
Hou Huimin, vice general secretary of the China Gold Association, said China should build its reserves to 5,000 tonnes.
"It's not a matter of a few hundred, or 1,000 tonnes. China should hold more because of its new international status, and because of the financial crisis," he said.
"The financial crisis means the U.S. dollar value is changing fast, and it may retreat from being the international reserve currency. If that happens, whoever holds gold will be at an advantage."
=========
China calls for reform of global monetary system
WASHINGTON (AFP) — China called Sunday for reform of the global currency system, dominated by the dollar, which it said is the root cause of the global financial crisis.
"We should attach great importance to reform of the international monetary system," Chinese Vice Finance Minister Li Yong told the spring IMF/World Bank Development Committee meeting in Washington.
A "flawed international monetary system is the institutional root cause of the crisis and a major defect in the current international economic governance structure," Li said, according to a statement."
====
Two days after China announces surreptious gold buys, they seek monetary reform. As I asked Berni Lo on Bloomberg, "is there any evidence China is secretly buying gold, to support Putin's call for a gold backed international currency?
There ya go, now, AS PLAIN AS DAY. The currency war is on.
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From Jim Sinclair, at jsmineset.com
We are in an economic war to end capitalism and the US dollar. Fox just woke up to this.
Forget Nukes — Watch Out for Economic War
Fought with currencies, embargoes and hackers, economic warfare may lack the “shock and awe” of conventional battles but it could still pose a threat to the U.S., especially in these troubling economic times.
Picture this hypothetical dreamed up by a national security expert obsessed with economic catastrophe:
Angry that U.S. policies aimed at boosting the economy have devalued their $2 trillion of currency reserves, the Chinese decide to stop buying Treasurys just as America tries to finance its massive spending plans.
In response, the U.S. imposes trade sanctions against China, which in turn pushes for a global currency. From there, the U.S. accuses China of manipulating its own currency and things escalate further.
Without a shot being fired, (<<reading my stuff?) those actions represent a type of unfriendly economic competition that some are very worried about.