In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars.
When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for Global Reserves and International Trade, they wanted China to make the Yuan more reliable as a currency. Since then, China has almost un-pegged its Yuan from the Dollar, allowing its value to fluctuate on world markets.
But for years, China has been amassing huge amounts of gold bullion; some have said their appetite for bullion has been “staggering.” And with a new gold-backed Yuan to be issued next Tuesday, the entire world will have a choice of a new currency to use for international trade: The old US Dollar which is backed by nothing, or the new Chinese Yuan, which is backed by gold. Which currency would YOU use?
When this new currency is issued, countries that have been forced to use US Dollars for decades, and have had to keep billions of dollars in their foreign currency reserves, will be free to dump those dollars. But they won’t be able to dump them to China for the new gold-backed, Yuan!
China has reportedly decided ”there can be no conversion of gold-backed Yuan to or from US dollars.” What China fears is that many countries around the world will want to trade their reserve US dollars for the new Yuan, leaving China with mountains of worthless US dollars. China already has several trillion in US dollar reserves and does not want or need more.
If news of this decision by China is correct, then countries around the world may just have to decide whether or not they wish to continue trading with the USA at all?
The upheaval this could cause as early as next week, would be staggering.
This is a fast-developing story; check back.
http://archive.is/yhU7j
http://www.globalresearch.ca/china-says-no-dollars-for-new-yuan/5520618
GG, america
bump for
>american collapse
>>71514306
>>71514387
Bumping for that ID dubs
>>71514511
bumping for those dubs
M8R from the previous thread here
ITT: canadians prove they are the single dumbest creatures to splooge across the earth:
>implying america wouldn't print so many masses of yuan that it would be considered worthless even with the entire worlds sole supply of gold
>implying the chinese arn't begging to get their entire economy levelled in all of 5 minutes due to zimbobwe tier flooding
>implying the jews will allow any goy currency that isn't directly under their control from the get go run the economy.
>being this much of a fucking leaf
jesus christ canada you are retarded, no wonder why you shitheels voted trudeau in.
>>71514714
>burger defense squad
>>71514778
>retarded leaf hippie
SO HOWS THAT WEED TREATING YOU EH? OH WAIT, NO WEED ONLY MUSLIMS AND SODOMY, FANCY THAT, ITS LIKE YOU FUCKERS ARE THE SINGLE DUMBEST SHITS THIS SIDE OF DUMBSHITVILLE. EVERY SINGLE THING YOU SAY IS IRRELEVANT, YOU ARE A GOD DAMN MEME, YOUR COUNTRY IS A MEME AND ALL THAT IS SAID FROM YOU IS UTTER RETARDATION. YOU CAN'T THINK CAN'T BANTZ CAN'T EVEN FUCKING LIVE WITHOUT OUR PERMISSION.
NOW GET ON YOUR KNEES AND SUCK MY DICK SLAVE!
>>71514944
>FULL DAMAGE CONTROL
>>71514944
look at this angry kuffar hahaha
>>71514986
>you mad
>you mad
>he mad
>i'm right don't bother to ask me about it
>i probably have no clue anyways
>MFW
>>71515005
t. imam imran mohammed al-durkadurka
>>71515036
>le epic troll meme :^)
holy fuck hes losing his mind. someone tell him it isnt real
These threads are getting weirder and weirder.
>>71514944
You'll get over it, Jimbo.
>>71514714
I thought China had a stable, growing economy? Or at least they have a safety net established since they own so much fucking shit in anglosphere countries
>>71514944
>t. australian with a proxy
>>71515080
we will dominate, allah willing
>>71515086
What's funny is the french-canadian fag with psychosis who believes that hydrogen fusion bombs are impossible.
And the one guy who just keeps reeling him along.
ANON GOT HIT BY A HUGE EARTH QUAKE
>>71513319
>>71513319
>>71513319
>>71513319
>>71513319
>>71513319
>>71515143
delete this
>>71515086
What am I looking at?
>>71514306
Ghost has been ranting about this for last week.
>>71514306
Haha, it begins.
THIS is how world wars start, not subhumans playing in the sand.
IT'S COMING LADS
THE ACTUAL HAPPENING OF OUR TIMES
GET YOUR SHADE CAUSE IT'S GONNA GET BRIGHT !
>>71515084
>le maymay maymay
>:^) maymay
>lets throw enough leddit buzzwords in, everyone here is too retarded to know i'm a newshit
>le/pol/ is satire maymay
>le lost mind maymay
>ad hominem
>ad hominem
>ad hominem
>deflection
>insert quippy ass quote i got from know your meme here.
>>71515086
r a r e
a
r
e
>>71515236
NON-EXISTANT
BOTH YOURS AND MINE
>>71515119
>stable
in the span of a year the SSI has gone up from 2,000 points to 5,100 points and then back down to 2900. stable markets fluctuate a percent or so, not several hundred up and down in six months
>>71515215
>>>http://knowyourmeme.com/memes/oldfags
>>71515212
Akshuallly, it starts with Germans.
>>71515295
>actually linking know your meme on 4chan
>>>/trash/
GHOST PREDICTED THIS. HE WAS ACTUALLY RIGHT THE ABSOLUTE MADMAN.
>>71515378
>reply to bait
get out
>>71515370
And united-statians are what, mexicans ?
No amount of anglo culture will change their blood, neighbor.
>>71515411
>not being able to keep up with bait
lv 1 babby detected.
>>71515385
He didnt predict it. There was already news about it. What he said was that he cant predict what will happen.
>>71515412
Pretty sure most are still English descendents. I dont think Americans would allow the Hans to cuck them.
>>71514714
>America
>printing Yuan
Here we go
>>71515209
>Ghost has been ranting about this for last week.
Which episode?
>>71515086
That probably has my IP in it
>>71515141
You can believe whatever the fuck you want
>>71515544
>not running crapally protected economies into the ground because their currency is easy as shit to print new ones of.
>especially if they threaten the NWO.
Personally I welcome our new chink overlords
>>71515649
Wat? I don't really think you all can just turn on a gold indexed yuan printer
>>71515141
>hydrogen makes things emit neutrons
>>71515580
Dont know which ones. He says nothing thatthe article hasnt.
>>71515212
>THIS is how world wars start
Chinese are not white. No way they'll destroy the world.
Is this legit? Will America finally collapse?
>>71515695
anon i can print a crappy yuan that will pass through 98% of anywhere in the basement in my house, the fuck if the US government can't run the Yuan into the ground in 5 minutes, literally chinas only saving grace is not causing enough problems to make us give a singular shit about them, once this happens, u guarantee you china will go the way of the middle east, there will be an oriental spring within the month.
>>71515786
Like you're going to give them a choice.
Once the Hun is out for blood, total war is inevitable ;^)
>>71515212
THIS GAVE ME GOOSEBUMPS!
FUCK YEAHHH!
LET'S DO THIS!
>>71514306
>GG, america
All countries with FIAT currencies and no gold reserve is in the same situation really. This is pretty much all western countries.
>>71515854
You'll just die of the Nuclear radiation you basement dweller.
>>71515803
yep, this is it. american global hegemony undone by third world chinks.
>>71515911
>911
Checks with post.
>>71514944
Do you need to be sent to a black site my friend ?
>>71515900
As long as he's not near a big city, or a middle-size city, or a small city, or a military base, or a known ICBM silo, or a secret ICBM silo, or the dwelling of an executive, or a nexus for electricity/water/oil/etc grid, and surround by mountains to keep the blast and flash away, he's going to be fine.
Stop fearmongering.
>>71515879
Oh FFS. Did it actually say 2018 on there? I had forgotten about that. Gold indexed yuan global currency by next year and then some funkyass demonic phoenix money
>>71516019
Fuck off you French fry, the nuclear radiation will spread throughout the USA.
>chink in canada
In other words, they are so desperate for foreign money that they are prepared to give away something of value to get it.
This isn't surprising considering that they are averaging an economic crash every couple of months now.
Hopefully your family has looted enough money and moved everyone over before reality bites over there and the hard liners start looking for scapegoats for the mess their country now is.
>>71516036
>Oh FFS. Did it actually say 2018 on there?
Yep, and who owns it?
https://en.wikipedia.org/wiki/The_Economist
>The publication belongs to The Economist Group. It is 50% owned by the British branch of the Rothschild family and by the Agnelli family through its holding company Exor. The remaining 50% is held by private investors including the editors and staff.
Here is a newer edition.
>>71516063
Wat
>>71515900
>>71516019
Almost probably not happening. Lol
>>71515911
Happening
>>71514714
>>implying america wouldn't print so many masses of yuan that it would be considered worthless even with the entire worlds sole supply of gold
U wot m8 ?
Care to elaborate how would you print yuans ?
>>71516056
Meh, stay holed up six months and the rains will make the land survivable.
Just get a geiser counter on you at all time to dodge any area that for one reason or the other concentrates the particles.
>>71516036
>>71516139
Here is a pic that some guy made trying interpreted the meaning of that cover. This isn't my pic so don't argue with me about what is says, i just think its interesting.
>>71514306
Holy fuck dude.
You have been shilling this for about 20 hours.
Do you not get tired of false flagging?
>>71514306
Are you retarded. This will never happen... EVER.
All the mined gold on earth in all of history is currently only worth 7 trillion.... a measly 7 trillions.
The yuan alone has much much more value. It could never be backed by gold.
>>71516298
>>71516363
Here comes the JIDF everybody.
>>71516403
This guy has been told from the get-go to post some fucking sources.
He is STILL using his Canadian Infowars clickbait instead. Even though he has reposted this thread t least three times.
Go suck a cock, niggerkike.
>>71516298
I've been on here all day for longer than weeks. This is but the second thread
>>71514306
A FUCKING LEAF
>>71516225
That guy with the flute is obviously a reference to the Pied Piper. I don't know if americans are familiar with the story but its basically about a guy that gets screwed out of his payment for luring the rats away with a flute so then he comes back and leads away all the children in the town. https://en.wikipedia.org/wiki/Pied_Piper_of_Hamelin
My guess is that people believe the fiction the MSM and politicians are peddling are the children that will all be lured away.
Here is another cover, note the slot machine and the parachute.
>>71516462
The last thread was epic and nobody needs sources bill nye. You have the internet right there with google
>>71516363
Their economy will crash soon, causing deflation in their currency thus lowering its value.
Besides you only need to make an exchange rate to gold. For example 1 yuan = 0.0001g gold depending on how inflated your currency is. Then all they need to do is to fix the inflation rate to population growth. Viola.
>>71516541
Where is Bernie?
>>71516490
>This is but the second thread
Nigger, I saw two of these threads yesterday in the evening.
Fuck, I'll give you a list of all threads. Because fuck you.
>>71516613
If there's been less than 17 in 24 hours that is fine. I mean compared to what? It meand nothing. Discuss the issues at hand without doing comrade general's interpretation of the jidf handbook for rookie goyim
>>71516403
Wew lad
>>71514714
Bye, kids
>>71516490
>>71516613
http://archive.4plebs.org/pol/search/text/http%3A%2F%2Fwww.globalresearch.ca%2Fchina-says-no-dollars-for-new-yuan%2F5520618/type/op/
Here. Suck a cock, niggerkike. Four threads.
> Discuss the issues at hand without doing comrade general's interpretation of the jidf handbook for rookie goyim
0/10
Stop your Canadian shitposting. No one is falling for it anymore. Just fucking stop.
>>71516706
>Using a gook meme in post
>Born in Straya
>Lingo Star
>>71516363
>All the mined gold on earth in all of history is currently only worth 7 trillion.... a measly 7 trillions.
Do you remember what happened to the gold after executive order 6102? The gold value will obviously be revalued if this shit happens. The global debt is at what? 60 trillion? Then i think a fair guess would be that an oz of gold will go from 1250 to about 10k usd. Maybe even more, it all depends on how much gold the US still owns, my guess is a lot less then they say they own.
>>71516586
No. Gold has a fixed value. You can't just "make an exchange rate" because that exchange rate would be meaningless if gold is worth more. There is only $7 Trillion USD of mined gold on earth.... the US alone has Quadrillions in circulation.
>>71514306
Would rather trade with burgers than locusts.
>>71516541
>muslims behind Cameron
>Ak47 over the shoulder
Wew. Stay safe Britbongs
>>71515143
WAKE UUUUUUUUUP!
ITS WAKING UP! FEEEEEEEEEEL THE SURGE! THE POWER
>>71511767
This is the biggest economic news since the 2008 financial meltdown.
________________
OK EVERYBODY
8===D --::;;,,..
Here's the gist:
>3 months ago China creates its clone of the IMF, the AIIB or Asian Infrastructure Investment Bank.
>Signs up 57 nations including US "allies" such as Australia, the UK, and Germany.
>Will offer member states loans of Yuan, which the chinks print out of thin air. They do not borrow from a private central bank when they issue currency like almost all other nations (excepting Iran, Cuba, and North Korea) do.
>Launches new gold-backed Yuan standard, along with a new inter-bank settlement system (money wire) which is NOT COMPATIBLE with SWIFT, the current world standard, and they will not deal in US dollars on their wire
>shit is going to hit the fan
hurrdurr muh gold derpherp mah currency
i don't want to live on this planet anymore.
>>71517147
>i don't want to live on this planet anymore.
Soon you will say that in real life and mean it.
>>71517147
Your ID is VGLB+ejf
Very
Gay
Lesbian
Bisexual
+
extremely
jewy
fool
Damn... perhaps this's the day the Chinks finally out-jewed the Jews
>>71517183
Not gonna bullshit, if it means we can live in a more isolated fashion I'm for it. America was great with its isolationism, and if we can bring manufacturing from Chinese back home I think it would be for the best.
>>71517301
ten four little buddy.
>>71517369
I rike your memes.
https://www.youtube.com/watch?v=gi2qFDdXr_Q
>usd is backed by nukes
>china is backed by gold and nukes
ye
>>71517301
:-D
>>71517684
>nukes
Kinda worried about this though, back in the cold war there was basically no defense against ICBM's but now the ABM systems are so good that they can achieve a high hit probability. If the leaders think they cover up in bunkers and shoot down 90% of the nukes flying their way they might be crazy enough to think that nuclear war might be winnable.
>The upheaval this could cause as early as next week, would be staggering.
>>71517369
Not really familia. They're bees that suck flowers until it wilters and dies. Then theh move on tk the next host. And they're ridiculously persistent. The Federal Reserve (was called that at the time) trued latching on to America when it just became a country and failed. And later in the early 1900s they finally succeeded.
That is some god tier persistance.
>>71514306
What a bunch of conspiratard crap. I bet this shit is some viral marketing for companies that sell gold to retarded preppers.
reading this thread feels like i'm repeatedly hitting myself in my balls
>>71517375
Good thing you don't have a huge mass of fifth collumns imported in your country.
Oh, wait :3
>>71517840
Can you even check this *sniff* Ideology?
>>71514306
>In a shocking move likely to crush the Chinese economy overnight,
FTFY senpai.
If this had been, oh, one or two decades ago, that would have been a crippling move to the US. I guess when you're so busy destroying your cities with air pollution and spending all your money on oil, you forget to keep yourself in a position to cripple your enemies financially.
>>71514306
First off real reliable sauce there leaf. Secondly this is all implying that a gold backed Yuan would make any difference in the market. Gold prices are set by a handful of Londoners every morning at the LBMA (London Bullion Market Association). They rigged the price of gold in the LIBOR scandal as well. So fuck off with your chink fantasy of them crashing the US economy. IF the US economy crashes so will the chinese. Who the fuck do you think buys all of china's shit?
>>71518027
>FTFY
fuck off reddit cancer
>But gold backed money simply wouldnt work these days, Goy...
>>71517033
gona get comfy
>>71518814
What will be our hashtag?
#AnunnakiPawnShop
>>71515834
Why do you type with the sentence structure of a 14 year old? Also feel free to back up your claims of printing Yuan in your basement at any time.
meanwhile in china ...
This OP is so shit and not accurate at all.
If it was true, the Euro, dollar, and pound would all be gold backed. All China did was set up a benchmark similar to the gold fixing already done in other places like London.
It's nothing new, and just represents China moving forwards towards becoming a bigger financial power.
THERE IS NO GOLD BACKED YUAN
>>71520278
Gold index is what we chose not to do and they can because they are big, communist, and don't have zio central """"""""banks""""""". Tuesday.
>>71520216
Tuesday
Bompu
>>71519469
into the trash it goes
>>71520278
This. Read more about it. The Chinkadian OP is hyping bullshit ITT.
>>71514306
We signed a deal with China recently that will allow us to convert NZ dollars directly into Yuan.
lmao.
>>71520216
>Industrial index
Must be why so many Australians are out of work smoking meth these days.
>>71523902
You could always, you know, corroborate any of that in any fashion. But I guess you didn't so you never will
>>71524182
Good idea
