Thunderhawk: Backdoc Alert
Gold-backed ruble, yuan to trigger global de-dollarization
A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar F. William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars.
The irony of the situation is that the central banks of China, Russia, Brazil and other countries “diametrically opposed” to US foreign policy course are forced to stockpile dollars in the form of “safe” US Treasury debt in order to protect their economies, American-German researcher, historian and strategic risk consultant F. William Engdahl stresses.
The truth of the matter is that the role of the US dollar as the world’s major reserve currency is the countries’ economic Achilles Heel, the strategic risk consultant elaborates.
At the same time, by buying US Treasury debt in dollars, they are de facto financing Washington’s “endless” overseas military operations.
Fortunately, “[t]hat’s quietly changing. In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today,” Engdahl writes in his article for New Eastern Outlook.
http://investmentwatchblog.com/gold-bac … arization/
Mountainman: So Now do You See WHY??? “THEY” have been doing WHAT “THEY” are doing……..”THEY” Know….. WHAT,WHEN, and HOW To “TRANSFORM” the GLOBAL MARKETS……
But ALL NON ASSET BACKED CURRENCY “MUST” Go; for THE GOLD/RESOURCE Ones to SHOW Up…..because DOLLAR(FIAT) is GLOBAL KING Right NOW!!!….
There is A “NEW GLOBAL” Economic “MAP”=A BASKET of CURRENCIES Sprinkled w/BASEL 3 ASSETS…….In other Words We are leaving COMPTON and Moving to BEVERLY HILLS…..Yes JED CLAMPET…You Too….LOL….IMO
************
Mountainman: Hey DOC…….This is merely “CONJECTURE” on My Thoughts……But I have a Suspicion that The USA Will be the LAST ONE $$$$$$$$……To EXPOSE its “GOLD BABY”!!!!!!!!…..WHY???……USA You Are KING of FIAT Right NOW……So Your BIRTH/EXPOSURE “Must” be SYNCHRONIZED/…or The HOUSE of CARDS would Cause Tooooo MUCH CHAOS toooo QUICKLY!!!!!!!!…..IMO
*************
BACKDOC: YES MY BROTHER, THE SEARCH HAS NOW BEGUN FOR THE NEW GLOBAL REALITY VALUE AS THE WORLD BEGINS TO DE-DOLLARIZE!
THIS DEFLATIONARY PROCESS WILL BE PAINFUL AND POSSIBLY CATASTROPHIC FOR SOME BANKS AND BUSINESSES!
WHEN CUSHINGS OKLAHOMA REACHES COMPLETE STORAGE CAPACITY WE WILL SEE OIL GO INTO A FREE FALL! THAT WILL PUSH THINGS OVER THE EDGE!
I SUSPECT THE NEXT 10 DAYS TO 2 WEEKS WILL BE TALKING LOUDLY TO US NOT ONLY WITH MR. LONELY BUT AROUND THE WORLD!
THANKS FOR ALL YOUR SUPPORTIVE ARTICLES FRIEND!
8@8, DOC IMO
