CONFIRMED: Turkey and Iran to conduct bilateral trade in national currencies http://theduran.com/confirmed-turkey-iran-conduct-bilateral-trade-national-currencies/
David Walker was the USA's top government accountant and quit in disgust after the GFC ... and just in case you haven't noticed there are lots of people that can't do basic math and are willing to work for a number on a screen ... and the sky still hasn't fallen down yet ...
the sky was made from blue oxygen crystals , firmament was broken, the sky did fall in the past how do we ever prove it to the world what once was a plain fact, else how in the hell did we get that expression; "don't worry about the sky falling"
http://21stcenturywire.com/2017/10/13/dollar-blow-china-launches-new-yuan-ruble-payment-mechanism/ DOLLAR BLOW: China Launches New ‘Yuan-Ruble’ Payment Mechanism The US received a major blow to its global hegemony, and one which is sure to trigger more fighting talk from hawks in Washington. This week it was announced that China has established a ‘payment versus payment‘ (PVP) system to clear Chinese yuan and Russian ruble transactions. The aim, we’re told, is to to “reduce risks and improve the efficiency” of its foreign exchange system. The new mechanism, which could rival the long-held monopoly of the US SWIFT inter-bank payment system (allowing for simultaneous settlement of transactions in two different currencies) was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system. However, financial oligarchs in Wall Street will view this move as an act of aggression in challenging the preeminence of the US dollar as the planet’s global reserve currency – which is inextricably tied and nearly completely dependent on the US ‘Petrodollar’ to prop-up the value of the US fiat currency. Georgetown University scholars note here: Since petrodollars and petrodollar surpluses are by definition denominated in U.S. dollars, then purchasing power is dependent on the U.S. rate of inflation and the rate at which the U.S. dollar is exchanged (whenever there is need for convertibility) by other currencies in international money markets. It follows that whenever economic or other factors affect the U.S. dollar, petrodollars will be affected to the same magnitude. The link, therefore, between the U.S. dollar and petrodollar surpluses, in particular, has significant economic, political, and other implications. First, the placement of petrodollar surpluses of the Arab oil exporting nations in the United States may be regarded politically as hostage capital. In the event of a major political conflict between the United States and an Arab oil-exporting nation, the former with all its military power can confiscate or freeze these assets or otherwise limit their use. China to Buy Saudi Oil in Yuan This breaking development coincides with other recent moves, including news that China will “compel” Saudi Arabia to trade oil in yuan. If this happens, the rest of the global oil market could follow suit, which would spell catastrophy for the U.S. dollar as the world’s reserve currency.
[QUOTE="alor, post: 1033698, member: 1915"][/QUOTE] Thanks for that alor, great find. It's happening whether people want it, or understand it. They can poo, poo Max Keiser, or the message, or me or all three, but it is happening and the best way to make sure you are on the train is to buy the metals.
Interview with bill Holter & Dave Janda, 23 minutes of time well spent in my opinion. https://www.davejanda.com/audio/BillHolter110517.mp3 Bill Holter explains how we are on the cusp of an unprecedented debt crisis where everybody in the paper “markets” loses. Here’s why…
Karen actually is correct...... In a manner of speaking from a certain perspective. The Hawaiian Islands form a unique spot of highly active volcanic activity, from this perspective alone the island group is indeed a goldmine and without question holds thousands of tons of gold. The existence of the deposits is well known and has been geologically surveyed and sampled. Don't know of a single mining company fit to play in active volcanic zones though. So the tonnage is there but will be held in a reserve for the next few thousand years. Rather comical play on words from that perspective.
Sorry John, please note my poorly ascertained sarcastic humour as was intended......anyway if we are around in a few thousand years, by reincarnation perhaps?? I guess we will see the Hawaiian group as a dirty great big hole in the North Pacific, only due to the fact we have removed the sea water resource and relocated it, the entire earth as we know it will be used for a resource only based asset, as the entire human population will be elsewhere(what's left of it) Whatever the case, her comments are a stretch of the imagination just as this post exemplifies.
Karen is not a run of the mill fool ... if you paid close attention you would realise she is talking about volumes on paper ... Just as Jeff Christian said in the video They Trade in the Multiples of a Hundred Times the Underlying Physical
they did not live that long to remembered that gold and together with silver were the currency of their time. silver were dethrone followed by gold
I have paper gold to diversify my investments. I do collect silver though, but that is more like stamp collecting, I dont hold silver as an investment.
Because it is sound money. When free of government manipulation. The concept is great, as is competing currencies, private issues of money etc. The problem is when governments monopolise the monetary system. Gold standards failed because of government interference in monetary systems.
