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Thread: Economic Earth Shaking news as PBOC Official calls for New Bretton Woods Agreement !!

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    Arrow Economic Earth Shaking news as PBOC Official calls for New Bretton Woods Agreement !!

    Economic Earth Shaking news as PBOC Official calls for New Bretton Woods Agreement !!!


    by John Galt
    August 4, 2013 21:53 ET



    So far only a headline on Bloomberg and this from FXLive:

    China Securities Journal article: PBOC’s Yudong calls for new Bretton Woods
    Mon, Aug 05 2013, 00:48 GMT
    By: Eamonn Sheridan

    People’s Bank of China official Yao Yudong has an article in the China Securities Journal calling for a new “Bretton Woods”. This is going to be interesting to keep track of, just a headline on Bloomberg at present
    Holy FLIRKINGSCHIMDT!
    I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....


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    Weelllll......you don't say!

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    Meaning fixed exchange rates?

    The Chinese seem to have a problem with letting market forces play out.

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    The slow march towards a one world currency continues unabated.
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    Ban GODWIT

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    Quote Originally Posted by Godwit View Post
    Meaning fixed exchange rates?

    The Chinese seem to have a problem with letting market forces play out.
    Or elimination of dollar reserve status.....
    I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....


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    Quote Originally Posted by Godwit View Post
    The Chinese seem to have a problem with letting market forces play out.
    So does Bernake and Obama.


    Earl
    That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

    Withdraw consent!

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    Quote Originally Posted by johngaltfla View Post
    Economic Earth Shaking news as PBOC Official calls for New Bretton Woods Agreement !!!


    by John Galt
    August 4, 2013 21:53 ET


    So far only a headline on Bloomberg and this from FXLive:

    China Securities Journal article: PBOC’s Yudong calls for new Bretton Woods
    Mon, Aug 05 2013, 00:48 GMT
    By: Eamonn Sheridan

    People’s Bank of China official Yao Yudong has an article in the China Securities Journal calling for a new “Bretton Woods”. This is going to be interesting to keep track of, just a headline on Bloomberg at present
    Holy FLIRKINGSCHIMDT!

    You heard it on Just Measures Radio and written here first last September.

    http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan
    Why is owning pets better than owning kids? Because if they get pregnant, you can sell their children.

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    So, any thoughts/guesses on timing for this. Is it something that still has months to play out or is it hair on fire this week? Tomorrow?

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    China has been preparing for this, and knows that the West is on the very precipice of destruction.

    All one has to do is look at what Jim Willie said a couple weeks ago... Deutsche Bank is on suicide watch. If it goes, the ECB and Eurozone fall like dominos.

    And SINCE Sep of last year, China has created new partnerships, with the Brics and Australia, so that as of this moment, 3 billion people (3/7 of the globe), transact in Yuan.

    China wants a gold backed currency, with gold backed trade notes (agreements)... they have a stockpile much greater than what has been reported, and access to both oil and minerals.

    They could care less about the over 1 trillion they hold in Treasuries... if they get to control a gold backed currency, they not only destroy the West, but will multiply that 10-fold when gold goes to 10-50K per ounce to back the next reserve.
    Why is owning pets better than owning kids? Because if they get pregnant, you can sell their children.

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    Quote Originally Posted by Godwit View Post
    Meaning fixed exchange rates?

    The Chinese seem to have a problem with letting market forces play out.
    The Chinese play their games.....the US et.al. play games also.
    Each group seeks to rig the game to their advantage. Age old
    power politics masquerading as economics and business. Not
    new. Be interesting to see how this one plays out as these
    events are decent indicators of who has how much power and
    knows how to use it best.
    Pleasing your enemies does not turn them into friends.


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