In this MUST WATCH video, Jim Rickards discusses ‘currency war games’ and how the in progress currency war between the US/West and China/Russia is likely to be played out. Not surprisingly, GOLD plays a pivotal role in the currency war games.
The end of the current fiat monetary system is coming, and a GOLD BACKED CURRENCY will replace the fiat petro-dollar.
Idaho Silver says:
A good read is “One Billion Customers” which is a book that points out China’s true attitudes concerning Britain. They actually like America. They are savvy yet there is a lot of graft and corruption and…a billion plans. Study the 1800’s even back to the 1600’s when Europe and specifically Britain desired a) Spice for their gamey meat b) incense for their stinky homes c) china ceramics d) oriental rugs- this all had to come over the Khyber Pass. Yeah, Afghanistan. But the Chinese would not accept any payment other than Gold or Silver. They ended up holding 70% of all Silver including the silver looted from the Americas.
So the British invaded by using Opium borrowed from India as genocide. First impressing it upon the “idle rich” and then filtered down to the very poor. (remember how cocaine got rooted in America?) So the Opium Wars ensued fought by patriots and then the Boxer Rebellion which lost China to Communism which history will show was just a way to take a breather until these modern days when they can take a Whack! at Britain again. With Gold. And Silver.
Solution? America better get on a Gold Standard. But our reserve currency stems from the Bretton Woods Treaty that brought all the World’s Gold to nice safe America because Gold was what everyone was really fighting about and War would end if everyone would just forget about Gold. Ooops! We didn’t use that chance to rebuild a Beautiful World and instead decided to Club it to Death.
MaryB says:
Gold? Ooops that gold? We sold/leased/stole it years ago….
Sumkid says:
Since all the silver went to the Eastern countries, the Western countries said that they wouldn’t accept silver as payment anymore which made silver lose a lot of values. Then the new gold to silver ratio appeared which is still in effect today. Once China becomes the most powerful country in the world, silver will be used as money again which will turn the gold and silver’s ratio into 16 ounces of silver for one ounce of gold.
59LesPaul says:
Interesting simulation of what could happen. Andrew Maguire, Jim Willie and others have referred to massive amounts of gold leaving London and Switzerland for China. I wonder when the Chinese will officially update their gold holdings.
silverbullion says:
Not to worry folks. It is only a simulation. lol
PowerBall says:
I thought real inflation was already 8% to 10% according to groups such as Shadowstats and The International Forecaster. So is he stating that even the tweaked CPI number will start rising to 10% and 20% per year?
Stacksmack3000 says:
Well, I guess as long as I start off by saying the following is hypothetical, here we go…. Godzilla Wars. Godzilla rises out of the Pacific Ocean and is heading toward Los Angeles. Oil refineries are destroyed. California’a economy is collapsing. Nothing short of nuclear weapons will bring Godzilla down. Hollywood’s elite (actors) are hesitant to do so but….they ask President Obama to put his campaigning on hold to address the situation. Three days later President Obama hold a press conference. He states that the reason Godzilla is causing so much death and destruction is because Godzilla was very unhappy with how he was portrayed in those 70s movies and Godzilla is taking out his anger on Hollywood. But, because President Obama deems the death and destruction caused by Godzilla as “not optimal” he has no choice but to act. Three days later, a peace envoy (Governor Bill Richardson), is sent to California with promises that those Hollywood directors who filmed those “hateful” movies will be punished. Godzilla eats Governor Bill Richardson. With his re-election hanging in the balance President Obama has no choice but to look tough for the American people. President Obama gives the order to nuke Godzilla. Japan accidentally gets nuked. The next day gold reaches $3000/oz.
silverbullion says:
Yeah, something along those lines… lol
PowerBall says:
Speaking of Godzilla:
UglyDog says:
I watched the debates. Obama’s solution to any problem is to propose that we hire more teachers. We need more teachers. That’s the answer here.
Ed_B says:
Gotta love the Godzilla theme. My son refers to the US federal government as “FedZilla”, and says that starvation is the ONLY way to handle FedZilla. No other weapon will work against the voracious beast.
As to more teachers… actually, we probably do not need more teachers. We need better teachers, less guff from their union, and WAY less paperwork and other non-essential activities on the part of teachers. Charter schools often succeed superbly because teachers are left to teach, don’t have 40 kids in their classes, and don’t have to shuffle a lot of government mandated BS paper work. I married a teacher and our daughter is a teacher. I also tried it myself for a couple of years so know whereof I speak. Many of the best teachers leave the profession, not because they want to but because it is a lot more frustrating than the pay justifies. I got a 60% raise by working in private industry vs. teaching. I enjoyed teaching but that enjoyment wouldn’t put a new roof on the house or pay to have the kids teeth fixed. Money is not everything but it sure is something.
MaryB says:
We do need more teachers who actually teach. Problem is Washington is setting the curriculum and it is modified to make sure little Johny and Betty are good little slaves to communism.
Sumkid says:
It would’ve been better for the USA if they would accidentally nuke Russia or even China instead of Japan, lol!
Good luck USA for finding an excuse for nuking Russia or China.
Idaho Silver says:
And We Live Happily Ever After.
Thomas says:
Today, Bernanke is pouring new money into the market and is buying bonds. Gold is up. In particular, the Fed is loading up on mortgage backed securities. The Chinese and Russians are hoarding gold at very high prices and desire to end the US Dollar as the reserve/petro dollar. Now, if you were Rothchild, what would you do?
Volcker sold bonds and took money out of circulation. Interest rates went up, and gold went down. The dollar rose and inflation was conquered.
All we have to go on is a derivative crisis that began to fall apart in 2008. Was this a false flag? What if the dollar rose and interest rates went up?
Big win for the murdering bastards in many, many ways?
Sheep Dog says:
It is like hand writing on the wall.
Most accurate simulation of what will occur.
Sheep Dog says:
With current ratios, and if Gold hits $7K, $130 silver (minimum) according to my math.
Ed_B says:
Or, if the G / S ratio gets to 20:1, we could see $350 silver with that $7k gold. The current production ratio of silver to gold in ounces is about 9.4 to 1… and silver is WAY more useful than gold.
Stacksmack3000 says:
Ed_B….I have great respect for teachers. I imagine their stress/frustration level would hinge on what state they teach, what city in that state or wheter it’s a rural area.
Sumkid says:
If war escalates, then will silver, copper and nickel also go up if gold and oil will during that time? What I know is that if Israel foes to war with Iran, then the USA and China are going to join in because the USA is Israel’s ally and China said that it would not hesitate on defending Iran.