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Russia and China Further Dump The Dollar – Buy Gold; Economic Collapse Coming?

Sunday, February 12, 2017 2:26
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Economic Collapse

Economic Collapse Coming?

Russia and China dumped us treasuries and buy gold is appealing to Russia and China because its shields them from the US government’s ability to control the value of their holdings it’s no secret that Russia and China both share a growing appetite for gold.

The good news for gold enthusiasts is that China and Russia, the world’s No. 1 and No. 3 producers, are catching up to the big industrial countries in stocks of bullion in their official reserves.

The bad news is that, on present “steady-as-she goes” monthly gold accruals, it will take China and Russia — No. 6 and 7 in the world ranking of global gold reserves — about six years to draw level with the fourth- and fifth-placed countries, France and Italy.

Beijing and Moscow are building up gold stocks for a variety of reasons, ranging from unease about undue dependence on the dollar.

But how excited are they about us treasuries the most boring but safe investment which basically translates into we believe that everything will basically stay the same from the looks of it Moscow and Beijing no longer think t-bonds or a safe bet or the flower international interests as bloomberg zoo zhang explains Russia and China are selling and treasuries and buying up all the gold they can get their hands on as they sharply increase their gold reserves.
China and Russia are selling off their US Treasuries with their hunger for the metal coming amid a strict diet including excluding dollars goal is appealing to these countries because its shields them from the US government’s ability to control the value of their holdings goals a country list currency a continuing trend of reserve buildup in treasury sales might weaken the dollar and pressure gold prices higher.
China and Russia have officially added almost 50 million ounces of gold to their central banks while selling off more than 260 seven billion dollars and treasurer of treasuries yes for those who missed it Gold is appealing to these countries. Because its shields them from the US.
According to statistics compiled by the World Gold Council and other sources, partly using IMF data, total world gold holdings last year increased by 702.5 tons, compared with 176.7 tons in 2015, reaching 32,733 tons in December, their highest level since 2002 when central banks, particularly from developed countries, were engaged in a general sell-off. Much of the increase is due to last year’s statistical upgrading of China gold coverage

Government’s ability to control the value of their holdings gold is a country less currency a continuing trend of reserve build-up and Treasury sales might weaken the dollar and pressure gold prices higher we imagine this is also part of an effort to increase confidence in their own currencies which are increasingly being used for bilateral trade a year ago Moscow became China’s top crude exporter.

As Bloomberg’s Zhuo Zhang explains, Russia and China are selling their treasuries and buying up all the gold they can get their hands on:

As they sharply increase their gold reserves, China and Russia are selling off their U.S. Treasuries, with their hunger for the metal coming amid a strict diet excluding dollars. Gold is appealing to these countries because it shields them from the U.S. government’s ability to control the value of their holdings. Gold is a country-less currency. A continuing trend of reserve buildup and Treasury sales might weaken the dollar and pressure gold prices higher.

China and Russia have officially added almost 50 million ounces of gold to their central banks while selling off more than $267 billion of Treasuries.

Moscow realizes that despite the risks, a policy of gradual de-dollarization is crucial in order to shield itself from western economic warfare. China of course is in the same boat. These countries aren’t just dumping the dollar, they’re also positioning their own currencies for trade throughout Eurasia.

U.S. Economy Collapse: What Will Happen

One major concern that Washington had was regarding the potential shift in global demand for the U.S. dollar. With the dollar no longer convertible into gold, would demand for the dollar by foreign nations remain the same, or would it fall?

The second concern had to do with America’s extravagant spending habits. Under the international gold standard of Bretton Woods, foreign nations gladly held U.S. debt securities, as they were denominated in gold-backed U.S. dollars. Would foreign nations still be eager to hold America’s debts despite the fact that these debts were denominated in a fiat debt-based currency that was backed by nothing?

Have you ever asked yourself why the U.S. Dollar is called a Federal Reserve Note?

Once again, the answer is simple.

The U.S. Dollar is issued and loaned to the United States government by the Federal Reserve.

Because our dollars are loaned to our government by the Federal Reserve, which is a private central banking cartel, the dollars must be paid back. And not only must the dollars be paid back to the Federal Reserve. They must be paid back with interest!

And who sets the interest rate targets on the loaned dollars? It’s the Federal Reserve, of course.

To put it simply, the Federal Reserve has a clear vested interest in maintaining a stable and growing global demand for U.S. Dollars because they create them and then earn profit from them with interest rates which they set themselves. What a great system the Federal Reserve has for itself. No wonder it hates oversight and intervention. No wonder the private banking cartel that runs the Federal Reserve despises all attempts to actually audit its books.

In summary, the American consumer, the Federal government, and Federal Reserve all benefit to varying degrees from a global demand for U.S. Dollars.
When a U.S. economic collapse occurs, it will happen quickly. No one will predict it. That’s because the signs of imminent collapse are difficult to see.

For example, the U.S. economy nearly collapsed on September 17, 2008. That’s the day panicked investors withdrew a record $140 billion from money market accounts. That’s where businesses keep the cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted.

That meant trucks would stop rolling, grocery stores would run out of food, and businesses would shut down.

RELATED : 5 TECHNIQUES TO PRESERVE MEAT IN THE WILD YOU SHOULD PRACTICE

It’s difficult to completely protect yourself from a U.S. economic collapse because it can happen very quickly. In most catastrophes, people survive through their knowledge, wits and by helping each other out. Therefore, make sure you understand basic economic concepts so you can see warning signs of instability.

How to Protect Yourself

Survival Food Prepping Ideas/ULTIMATE Top Skills 2017

Discover how to survive: Most complete survival tactics, tips, skills and ideas like how to make pemmican, snow shoes, knives, soap, beer, smoke houses, bullets, survival bread, water wheels, herbal poultices, Indian round houses, root cellars, primitive navigation, and much more at: The Lost Ways

The Lost Ways is a far-reaching book with chapters ranging from simple things like making tasty bark-bread-like people did when there was no food-to building a traditional backyard smokehouse… and many, many, many more!

Here’s just a glimpse of what you’ll find in The Lost Ways:

From Ruff Simons, an old west history expert and former deputy, you’ll learn the techniques and methods used by the wise sheriffs from the frontiers to defend an entire village despite being outnumbered and outgunned by gangs of robbers and bandits, and how you can use their wisdom to defend your home against looters when you’ll be surrounded.

Native American ERIK BAINBRIDGE – who took part in the reconstruction of the native village of Kule Loklo in California, will show you how Native Americans build the subterranean roundhouse, an underground house that today will serve you as a storm shelter, a perfectly camouflaged hideout, or a bunker. It can easily shelter three to four families, so how will you feel if, when all hell breaks loose, you’ll be able to call all your loved ones and offer them guidance and shelter? Besides that, the subterranean roundhouse makes an awesome root cellar where you can keep all your food and water reserves year-round.

From Shannon Azares you’ll learn how sailors from the XVII century preserved water in their ships for months on end, even years and how you can use this method to preserve clean water for your family cost-free.

Mike Searson – who is a Firearm and Old West history expert – will show you what to do when there is no more ammo to be had, how people who wandered the West managed to hunt eight deer with six bullets, and why their supply of ammo never ran out. Remember the panic buying in the first half of 2013? That was nothing compared to what’s going to precede the collapse.

From Susan Morrow, an ex-science teacher and chemist, you’ll master “The Art of Poultice.” She says, “If you really explore the ingredients from which our forefathers made poultices, you’ll be totally surprised by the similarities with modern medicines.” Well…how would you feel in a crisis to be the only one from the group knowledgeable about this lost skill? When there are no more antibiotics, people will turn to you to save their ill children’s lives.

If you liked our video tutorial on how to make Pemmican, then you’ll love this: I will show you how to make another superfood that our troops were using in the Independence war, and even George Washington ate on several occasions. This food never goes bad. And I’m not talking about honey or vinegar. I’m talking about real food! The awesome part is that you can make this food in just 10 minutes and I’m pretty sure that you already have the ingredients in your house right now.

Really, this is all just a peek.

The Lost Ways is a far-reaching book with chapters ranging from simple things like making tasty bark-bread-like people did when there was no food-to building a traditional backyard smokehouse… and many, many, many more!

And believe it or not, this is not all…

Table Of Contents:

The Most Important Thing
Making Your Own Beverages: Beer to Stronger Stuff
Ginger Beer: Making Soda the Old Fashioned Way
How North American Indians and Early Pioneers Made Pemmican
Spycraft: Military Correspondence During The 1700’s to 1900’s
Wild West Guns for SHTF and a Guide to Rolling Your Own Ammo
How Our Forefathers Built Their Sawmills, Grain Mills,and Stamping Mills
How Our Ancestors Made Herbal Poultice to Heal Their Wounds
What Our Ancestors Were Foraging For? or How to Wildcraft Your Table
How Our Ancestors Navigated Without Using a GPS System
How Our Forefathers Made Knives
How Our Forefathers Made Snow shoes for Survival
How North California Native Americans Built Their Semi-subterranean Roundhouses
Our Ancestors’Guide to Root Cellars
Good Old Fashioned Cooking on an Open Flame
Learning from Our Ancestors How to Preserve Water
Learning from Our Ancestors How to Take Care of Our Hygiene When There Isn’t Anything to Buy
How and Why I Prefer to Make Soap with Modern Ingredients
Temporarily Installing a Wood-Burning Stove during Emergencies
Making Traditional and Survival Bark Bread…….
Trapping in Winter for Beaver and Muskrat Just like Our Forefathers Did
How to Make a Smokehouse and Smoke Fish
Survival Lessons From The Donner Party

 

SOURCE : http://www.prepperfortress.com/russia-china-dump-dollar-buy-gold-economic-collapse-coming/

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