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China Launching Gold Backed Global Currency!

Sunday, August 12, 2012 17:14
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(Before It's News)

China is busy recasting all of their gold reserves into smaller one kilo bars in order to issue a new ‘gold backed’ global currency. This is no doubt the reason for the recent trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. Expect to see more nations sign new trade agreements with China in the near future.

GATA now estimates that 80% of the gold (40.000 metric tons) supposedly stored in the vaults/allocated accounts of the bullion brokerages is long gone. Clients retrieving their allocated gold have had much trouble in doing so, and when they do manage to take possession, their gold does not bear the registered serial numbers they are supposed to. One can only wonder how much of the allocated gold is now 1 kilo bars. Additionally we now read that China is interested in purchasing Gold mines.

Here is an excerpt from Jim Willie’s recent ‘Hat Trick Letter’


China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.


Excerpted from our Saviour’s warning in a June 30th prophecy!  (the ‘king of the south’ being the leader of China)

Now comes the time, and it is at your door, when many nations shall terrorize you, oh nation of America! For, as you have sown, so shall you reap!

The wind is coming! Yes, a very great wind from the South is coming!  A very great Southerly wind will come upon this nation and this wind from the South will greatly trouble you!

Yes, the King of the South will rise up and he will collect his own nations; and they shall rise up to defeat and to overthrow this nation, not through war, not yet through war, but soon through war! However, at this time, they shall rise up; and soon, en masse, they will rise up to overthrow the dollar!  And, this wind will blow hot!  This wind will blow upon you with a great force and this great wind will cause you to suffer an irreparable crack in the economy of this nation. And, the rumbles of this great wind shall crash and crack and beat and dissolve, beat and dissolve, pound and pummel the very economic structure of this nation!

read entire prophecy here


Amazing ‘biblical signs’ now appearing in heavens.. photos here

UPDATE! More Leaked Intel Regarding Foreign Troops In The USA!  Link Here!

Eyewitness testimony of the Russian special forces now embedded in Colorado has been pouring in. Read how they have been setting many of the forest fires in order to destabilize America on behalf of the NWO! They are also responsible for the multiple underground explosions in Michigan and WisconsinLink Here!


Read the Obama prophecies here, and also here.

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Total 24 comments
  • I really don’t think China is the “King of the South” since that country is in the NORTHERN hemisphere. Idiots.

  • China is up and coming,if this story is true then kisd the dollar goodby,which would you rather hold a currecy backed by gold or a currency backed by nothing but hot air.

  • They also think that the person who came up with this “propphecy” is “The Savior”. There is more than a little chance that he is a nut in addition to being an idiot!!

  • I was reading the article with interest until you got into the Jebus mythology and biblical “prophecy” moon battery.

  • YOU

    I would trade cash for this gold today.

  • Kings of the south? OR kings of the East……

  • GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

    Well a great deal of it but they only started trading in Gold a few month ago.
    I think Israel has the Bulk of it owning (hording) all of the entire Fort Knox reserves and all of the Banksters Gold, while still printing their Monopoly Money.
    No Matter, all is coming to an End this year, if we all perish no Gold will pay your way to Heaven maybe to Hell .
    You mess with God and his Commandments his patience will run out,and he will cut short the time he has given us to become god’s children.
    Follow God and Jesus Christ, pray for you,your Family and others .
    You will still perish with the rest but your Soul will be going to see a brighter future.

  • How do I get the currency?

  • Small kilo sized gold bars? Yeah that would be good, a 2.2 pound currency. BWAHAHAHAHA…

    • Haha, right! Just a small $50,000+ bar of gold.

  • I don’t care what currency it is or who owns it as long as it’s backed by a physical object. Gold is gold, even if 3000 chinese children died making it.

    • What if your children died to make it?

  • They are melting it because they want to be sure they didnt get a bunch of gold plated crap. China has been buying gold for years now like its going out of style. More so in the last year. They are dumping there hundreds of billions worth of ponzi scheme treasury notes and have been slowly for years also. They are smart because if they were to do it all at once, they would kill there golden goose (us). our dollar will slowly die thanks to the fed and our country’s trade agreements, incentives for companys to move to 3rd world countrys, etc, all done to de-indusrtialize us. we are broke its not a joke its reality. We print money backed by debt and you think other countries have faith in that? its gunna get worse before it gets better i know that.

  • I needs me sum Chinese cash.

  • I’m new to this site, is this site like the National Inquirer or The Onion?

    This story is bogus.

    Can you send an official government link, of any government, major news source or bankster supporting this story?

    I know I am about to take the heat for this post, but, where is the proof?


    More speculative, unsubstantiated b.s. — with some really dumb “prophecy” interpretation. No wonder most of the world identifies Christians as idiots and fools.

    “The story of recasting in London is confirmed by my best source” — which conveniently remains unidentified.

  • The 99% VS the 1% – A battle to be fought and won with truth and unity! The people have finally started to come together. You cannot convince me that tiny Iceland can handle the “Cabal” and WE cannot!
    Now is the time to join forces with those you would not normally consider. This is all starting to leak out to the main stream media… finally. We just need to KEEP THE HEAT on them. We will soon be posting new petition and email campaign info as well as protest ideas. We just need more people following this group and we can use resources from the Tea Party, Occupy and other groups. THEY win as long as they can keep us arguing with each other.
    WE need to come together with people we wouldn’t normally work with to bring these criminals DOWN! Spread the word, others have carried the load of exposing this activity. Now we the people NEED to come out and make it a major issue in the news and in this political cycle.
    JOIN US, this is YOUR cause too (Click the “LIKE” button and spread the word):

  • Good for them! Now, if they can prevent the blood-sucking Jew bankers from doing to their people what they have done to OUR people, (with the help of our own “leaders”), they should do well.

  • I would suggest that the crisis we are currently experiencing will set the stage for even further deregulation of global capitalism, open up the market to pure accumulation (minus the Cold War labour and capital subsidies that still linger) and that the new markets in Asia and Africa will herald in another era of growth. Capital is an objective state (despite all the prognostications of various economists) and it must draw us to the limits of its maximisation. In other words, no politician can resist it’s compulsions despite what they promise. :smile:

    Konto walutowe

    • i’d rather have the Chinese gold
      paper even if backed…blah-blah-blah
      then there’s the whole trust of accounting
      silver n gold coinage…even if they are small and paper-thin…now there ya go

  • It’s no secret that gold is being hoarded by everyone, not just China. Germany is trying to repatriate it’s gold and can only get back about 1/10th of it each year. Central banks around the world have become net buyers of physical, while institutions have been short selling it to pieces to get everyone to sell their physical. People will soon find out their paper claims to gold will not get them any physical gold at all, just cash settlements.

    Of course China is going to start buying gold and looking for ways to diversify against its 2 trillion in USD holdings, why wouldn’t they? This doesn’t mean there’s a Chinese conspiracy to issue a gold backed currency, they barely have any of the world’s gold! They’re major source of supply is mining, which is increasingly costly and difficult to do.

    The process of the USD being phased out is already occurring. It’s not some giant shock to the world that brings collapse to the American economy — that would in fact destroy China too! Much of Asia already has drawn up Regional Trade Agreements and settle trade in currencies other than the USD. Has this led to the world jumping ship from the USD? No, because sadly, the USD is still the safest currency to be in, as the other choices (EURO&YEN) are doing much worse and are expected to continue to do poorly.

    China does not have the power to issue a gold backed currency that the rest of the world would adopt. Even trying would be declared an act of war. Just because China owns $2 trillion+ American debt does not mean they have a strangle-hold over the US economy. In fact it makes them more vulnerable to the monetary manipulation of the Fed.

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