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Trump To China: Our Currency; Your Problem|
Simone del Rosario on the rabidly pro-Great Satan Boom Bust, appears to have tried to cram as many instances of the word "manipulate" into her commentary on China and exchange rates. But all nations manipulate their exchange rates. When war criminal Nixon defaulted on gold payment in 1971 and currencies "floated" like lead Zeppelins, the "worthless paper" USD could only maintain its exchange rate to real-World goods by manipulation. Like krapto-currencies, its inherent value is zero. Blaming others for a collapsing quackonomy, with Quackonomics even being taught at their yooniversities and fraudulent "worthless paper" funny-money being imposed on the World at the point of a gun and after two World wars only means they're hanging themselves after having fashioned the rope themselves.
"Trump bars Chinese-backed firm from buying U.S. chipmaker Lattice"
This is clearly protectionism not national security because the FPGA devices are like stem-cells in having no security critical information; they're programmed by the customer. But the Great Satan can run but it can't hide. China will simply develop her own technology, rendering Lattice IP worthless. China already leads the World in many technologies and will soon overtake the Great Satan in, for example, space technology following the speciesist ban on ethnic Chinese from interacting with NASA or the so-called International Space Station. China already dominates the market for launching satellites. It could be that the Great Satan is trying to regulate 40 years of exporting inflation via fraudulent funny-money coming home to roost.
But they've failed to use the last century to evolve into a competitive species. Instead, their own propaganda report admits their IQs are declining at such a rate that within a generation their average IQ will be BELOW that of Tom Hanks's Forrest Gump, thanks to anglo/zionist cheating at everything (and I DO mean everything) such that they're only breeding themselves krappier. What doesn't kill you may make you stronger, but what kills you makes your species stronger.
Meanwhile, sleazy, money-changing swamp-creature, Munchkin also threatens to block China's dumping of "worthless paper" USD: "US threatens action against China if it doesn't follow new North Korea sanctions". This appears to be a case of, "you can't sack me. I quit". Talks on the new monetary World order predate the administration of war criminal, Ronnie Ray-Gun. The lifting of the 40 year old ban of crude oil exports from the gangster-run, thieved prison-state of Amerika and the repatriation of gold which has been held hostage at the NY FED to enforce the ban on IMF members backing their currencies with gold show the Great Satan has already accepted the end of the petrodollar.
To transition, the Great Satan hopes to export oil and gas, hence uneconomical shale. But China has plenty of coal, thorium, shale, methyl hydrate, wind and solar as well as access to russian, saudi, angolan and iranian gas and oil.
But despite the anglo/zionist propaganda claiming Venezuela is desperate for "worthless paper" USD, she is already refusing to accept the fraudulent funny-money: "De-Dollarization Spikes - Venezuela Stops Accepting Dollars For Oil Payments". They tried to claim that Free Korea and Iran were counterfeiting "worthless paper" USD too, despite all three of these nations refusing to accept the fraudulent funny-money.
China and Russia already have alternatives to SWIFT and the renminbi-denominated oil contract is due for launch too.
Already, China is buying gas and oil from Russia, Iran and Saudi Arabia using her own currency as well as trading with other nations without the "worthless paper" USD too and offering gold internationally on the International Shanghai Gold Exchange. Once China formally links her currency to gold, i.e. at a fixed renminbi price, the Great Satan (and everyone else) will be forced to follow suit or see its fraudulent funny-money hyperinflate and its Great Satan bond yields spike causing a hyperinflationary depression, if not complete implosion of history's worst indebted quackonomy (as David P. Goldman says, they'll probably blame the Jews because they're the financiers: himself, Yellen, Cohn, Munchkin, BS Bernanke et al.). China, will then be able to borrow at zero interest rates, simply by printing her own currency.
This is already happening according to Jiminy Rickards, who also predicts it will happen before the end of this year: John Butler in his book ‘Golden Revolution’ and Jim Rickards in his book ‘Currency Wars’ have warned that China and or Russia could move to back their currencies with gold which would then lead to the U.S. and EU having to follow suit in order to prevent currency crises thereby leading to a new gold standard.
According to media reports, the People’s Bank of China is considering phasing out the dollar as the reference currency or peg for the yuan, and to start using gold as the reference point.
- China’s Yuan Set To Become Global Reserve Currency With Gold Backing?
However, Rickards claims gold will go to $10,000, whilst also suggesting you only hold 5%~10% in gold or even suggesting a gold fund for "deplorables only" rather than physical gold.
Even if the poodle state could re-instate the mere 25% gold-backing during the poodle empire (it can't) that gold-standard deniers have claimed, backing its £500bn monetary base with 310.3 tons of gold would still be £12,530 per troy oz under a new gold standard. Given it is currently running a current account deficit of about £130bn a year, is bankrupt, insolvent, faced with a Baby Boomer bulge in retirees, just committed suicide with the rigged Brexit referendum (Did it jump or was it pushed?) and will face demands from the Great Satan to buy amerikan krapware, it would have to back that with gold for a far higher price which didn't deplete its gold at too rapid a pace; £500,000 per troy oz? It's not as though their yooniversities produce anything but pseudo-intellectuals with "worthless paper" degrees, where standards are so low that they have to ration places with the Secondary Modern/Grammar skool scam, yet three quarters are now getting a 2:1 or first in a competition for stewdent fees, whilst the stewdents complaining they're being taught quackonomics (on my course it was nothing more than a scam to employ otherwise-unemployed mathematics lecturers and a complete f***ing waste of my time) and where virtually all UNDERgradyooits should be Asian.
Meanwhile, the S&P500 hit a new all-time high of 2498.37 with krappy earnings of 33.37, giving a pitiful 1.33% EPS. That translates into a krappy dividend yield of less than 1% (and that's a generous estimate). Like krapto-currencies it's all part of the "financial repression" to impoverish the sheeple. Then again, perhaps (like the proposal to ban cash) it's an attempt to herd the sheeple into gold.