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

[argonath]

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

[malumprohibitum]

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?

[argonath]

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.

[Sleeping Cobra1]

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.

If China backs their currency with GOLD, confidence in their currency will skyrocket and countries will dump US "Monopoly Money". I hope China goes Gold. We lose either way.

[glennb6]

than the rest of you nor 99 of 100 bloggers, see the new US$100 note supposedly due out in October, with many references to gold. credit to R2R, not me.

[Cassandra]

There is one thing that history teaches with certainty. Lost reserve currency status marks the beginning of the decline of that country.

[jimmythebee]

There is one thing that history teaches with certainty. Lost reserve currency status marks the beginning of the decline of that country.

wow
that is astounding and not random at all,maybe our end is plottable