MikeCristo8
@MikeCristo8
That’s why the USD – Euro will become minor currencies in the global oil trade.
I assure you, China has self-custody of their undeclared (balance sheet) gold reserves, Which is about 75-100 thousand tons.
With the internationalization of the renminbi, via gold, The U.S. Dollar and Euro, the U.S. Treasury, and @ecb will then need to hold Chinese renminbi as reserves for the Dollar and euro to trade on the 4X.
No longer is it that China needs to hold Dollar reserves (bonds), but that the U.S. Treasury will be forced to buy Chinese bonds.
The role of the U.S. Dollar and yuan currency are reversing.
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in flow
@inflow36
If renminbi is backed by gold, every country can issue their national currency backed by gold instead and we have a level playing field. With the help of DLT/blockchain and a ‘bridge-asset’ the currency wars would end. No USD, no renminbi – digitized Gold (+other RWA)
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BUT WHAT IF US GOLD VAULT IS ALREADY EMPTY? WIPED OUT BY THE GLOBALISTS??? I agree with JustDario. – Sherry
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JustDario
@DarioCpx
They’ll never reset against #gold, why? Because countries, starting from #US, will have to disclose and certify their reserves. If you believe #US holds all its physical gold and the one on behalf of its allies within their vaults for example, why do you think the #German #Bundesbank took 4 years to have it back?
Spoiler: because it wasn’t there since is an open secret the #FED “lends” #gold physical reserves and likely many of those declared as being in their vaults in reality are “virtual” and now impossible to retrieve….
