> It is interesting that both China and Russia are ENCOURAGING their
citizens
> to buy gold. This is a whacky world when the red commies are encouraging
> private ownership of gold but the governments of the "capitalist" West are
> playing smoke and mirror games to KEEP their citizens from buying gold!
Do you think that "encouraging" of buying gold is bad? I think gold is
better than dollar.
> Our two largest former opponents, now competitors, Russia and China, which
> together control almost one third of the world's population, are upset to
be
> left out of the game as, in the case of Russia, their communist policies
> destroyed their economy, or in the case of China, communism kept them in
the
> dark ages. It must burn their national pride to see the US Dollar being
> used as the savings instrument of choice by their citizens.
Well and they are right. Would you gladly accept the use of RU Ruble as a
savings instrument?
> National pride is what has probably pushed Russia and China to start
> encouraging their citizens to buy gold. If they outlaw the use of the US
> Dollar (which Russian officials have discussed) and legalize the use of
gold
> they could possibly CAUSE a US financial crisis by sending billions of US
> dollars back home to roost.
What Russia wants (I am not talking about China, I don't exactly know their
political situation) is to establish its own currency and then return the
economy to good standing. And of course this is a good decision. We must
first think about our countries and then about the others' countries.
Am not I right?
> So maybe the Russians are HOPING the USA will have a financial crisis in
> August.
No hope for it, at least by me, who holds all his money in USD.
I have a familiar banker and they told me about the crisis, and that it's
now in secret. US Govt. doesn't want people to know the exact day of the US
Crisis, just to have the people over the barrel.
> Or maybe they are planning to START one.
Oh my... How?
> I wouldn't place any
> money on the date, but a Sino-Russian monetary alliance to use gold as
> currency and ban the internal use of the Dollar would have interesting
> consequences indeed...
No doubt.
WBR,
Paul
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