GULF EMIRATES TO ACCEPT RMB!!!
Staying objective in this day and time is crucial to one’s piece of mind. There’s no need to stress and fret. Let us understand one thing that is coming to absolute fruition; and that is that the RMB will be a Currency reserve and technically it already is because there are dozens of countries exchanging that RMB directly and leaving out the US dollar.
Our IQN & Dong manna comes forth very quickly. Gold and silver is currency since the beginning of its existence. Silver cannot be mined fast enough to satisfy the need. Take a look at this Dr Jim Willie post for even more objectivity. Knowledge is valuable. Here’s a high probability glimpse of the future. Let’s think and play smart. I love you all.
Jim Willie: The Steps Towards $10,000 Gold and $400 Silver
Coupled with broadbased RMB (renminbi) trade settlement and more purchase of Chinese Govt debt securities, the movement will be on to finally initiate the grand dump of US Treasurys from Eastern banking systems. Then later the entire world (except for England and Canada and certain Western European coulee nations) will diversify out of USTBonds in their banking systems.
The result will be then a forced reaction by USFed and USDept Treasury to launch the New Scheiss Dollar, which will at the outset have a phony gold foundation. A formal international audit process will break down the fraudulent basis, and lead to a series of painful New Dollar devaluations. Then comes the import price inflation, the supply shortages, and the civil disorder.
states Dr. Jim Willie of the Hat Trick Newsletter in November.
The price of gold will find its true value and price over $10,000 per ounce. The Price of Silver will find its true value and price over $400 per ounce.
In reaching these levels, the ratio will return to the 25-1 range. Several steps have been laid out by the Hat Trick Letter toward the return of proper price to precious metals.
The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power.
The steps will each involve a quantum jump in the Gold & Silver prices.
The process will take a few years, but might be breath-taking in speed once the process is begun. The steps involve:
- the critical mass of rejected USTBills in trade settlement, citing its corrupt roots and illicit monetary policy as foundation
- the return to the Gold Trade Standard and introduction of Gold Trade Notes as letters of credit, in replacement for a fair tangible payment system (no more IOU coupons)
- the recapitalization of the global banking system with Gold as primary reserve asset, so as to relieve the grotesque stagnation, insolvency, and dysfunction
- the seeking of equilibrium in Supply vs Demand in the new fair uninhibited market, with exclusive control removed from London and New York, and placed elsewhere like in Shanghai, Hong Kong, Dubai, and Singapore.
- the seeding of BRICS gold & silver backed currencies from participating nations within the Alliance (likely several with slight variation in features)
- the re-opening of the gold mine industry with some blue sky, and relief from the Evergreen element at Barrick
- the remedy toward owners of over 40,000 tons of rehypothecated and stolen gold in bullion banks across the world (primarily in Switzerland.)”