/truenews/ - True News

This was taken from a related topic on silver and gold. I like intellectual comments, so here is a backup from /n/

Anonymous 08/15/15 (Sat) 22:26:40 No.115709

http://8ch.net/n/res/109088.html#115709

"China has greatly understated its gold reserves, so as not to threaten the status quo. Their hope a couple of weeks ago was to show a humble, yet respectable gold reserve figure, so the US-controlled IMF would let the renmibi into the SDR basket, after the IMF had promised them they'd be allowed in.

The IMF then turned around, and said no, so China said "fuck it" and unlinked the the yuan from the US dollar, resulting in overnight devaluation. This is now making it very difficult for the US Fed to raise interest rates. This is going to completely fuck the US dollar.

Right now is perhaps the best time and final time to be buying gold and/or silver, before SHTF.

All of the indicators are pointing towards precious metals having hit bottom and bullish moves are on the horizon.

Of course, there may be another move downwards, a final capitulation, or if SHTF and the stock market crashes in September, margin calls will be issued and investors will have to dump their metal assets to cover their positions, temporarily driving the price down. So if you do buy, have strong hands and hold."

/realnews/ 08/16/15 (Sun) 16:05:37 No.116248

http://8ch.net/n/res/109088.html#116248

"Yes. That's the way I see it too. Lots of evidence suggests they're going to dump ALL the US T-bonds within the next year or so. They might even consider starting an *alternative to the SDR, perhaps a gold-backed standard for the RMB is officially in the plans? No matter what - even though China has a lot of debt, they have all the manufacturing capacity, mineral reserves, agriculture, and even alternative trades *outside the US petro-dollar to be able to pay that debt off and revive their economy once again.

The US? We outsourced our jobs to countries like China and India. We have dwindled gold reserves (likely not near the amount we should). 1.5 quadrillion worth in derivative debt. + Student loan debt. + mass amounts depending on food banks, welfare, social security, medicaid, etc. Record unemployment. Energy companies are filing bankruptcy as I type this. Our mining industry is now in shatters due to all the EPA regulations. WE ARE FUCKED! Sorry. Fucked! Screwed! Over!

China has already won the currency war."

This is what Jim Willie was pointing out all along. Looks like this guy was correct. Here are most of his past interviews (new interviews will be included when released):

https://mega.co.nz/#F!2ZNDHDyY!37-rElRY2dYtmqmazAkqrA

>>162

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar. If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States. In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan. Obviously this would not mean “the death of the dollar”, but it would be a very significant step toward the end of the era of the absolute dominance of the U.S. dollar. Most people don’t realize this, but more U.S. dollars are actually used outside of the United States than are used inside this country. If the rest of the planet decides to stop accumulating dollars, using them to trade with one another, and loaning them back to us at ultra-low interest rates, we are going to be in for a world of hurt. Unfortunately for us, it is only a matter of time until that happens.

When I first read the following excerpt from a recent RT article, I was absolutely stunned…

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

For a long time, tensions have been building between the United States and Russia over Syria, Ukraine, the price of oil and a whole host of other issues. But I didn’t anticipate that things would get to this level quite yet. It is expected that Putin’s new bill will become law, and this is only one element of a much larger trend that is now developing.

You see, the truth is that Russia and China have both been dumping dollar-denominated assets for months. The following comes from a recent piece by Mac Slavo…

Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.

Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy, dumping half a trillion in dollar denominated assets.

But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.

And now, as Russia’s economy collapses under the weight of American and European sanctions, including what many believe to be widespread downward manipulation of oil prices, Vladimir Putin is sending a clear signal to the central bank of the world’s reserve currency.

https://archive.is/r5w0l