The establishment of the new Chinese banking system was all over the talking head conversation this morning here. I do wonder what it will mean to the price of precious metals, how our banking systems currently operate, how (what little) life savings are effected.
On Sunday, March 29, 2015 at 11:07:53 AM UTC-4, Allan Heretic wrote: > > China has been on a market domination course for years now.. their > flagship internet market I have use them in the past. . The products did > arrive as scheduled. . But of the 5 things I ordered none of them were of > good quality.. an a scale of 1 thru 10 they all came under 3 or less.. I > no longer even look there.. > Corruption has run rampant through out China.. and big name down are > falling. Questions keep coming up. Will it last.. there is a lot of doubt > in my mind. When it comes to gold there is a lot of judgment that seems to > be lacking.. now combine corruption with poor judgment you have a brew > headed for destruction. > > Now that seems to fit well with the political direction of the world > today . Just to perfect of a fit. > > تجنب. القتل والاغتصاب واستعباد الآخرين > Avoid; murder, rape and enslavement of others > > -----Original Message----- > From: Molly <[email protected]> > To: [email protected] > Sent: Sun, 29 Mar 2015 3:28 PM > Subject: Mind's Eye The new Chinese gold standard > > The new Chinese bank established with a gold standard is gaining momentum > on the international stage. How will this effect the world economy? These > quotes from Bloomberg: > > *China’s clout has been expanding for decades, as its rapid growth allowed > it to snap up a rising share of the world’s resources, its exports > penetrated global markets, and its bulging financial assets gave it power > to make big individual loans and purchases. Now, the creation of > international lending institutions is leveraging that economic influence > closer to the political and diplomatic arenas, as U.S. allies defy America > to back China’s initiative.* > > > > *“This is the beginning of a bigger role for China in global affairs,” > said Jim O’Neill, U.K.-based former chief economist at Goldman Sachs Group > Inc., who coined the term BRICs in 2001 to highlight the rising economic > power of Brazil, Russia, India and China…* > > > > *Chinese President Xi Jinping’s vision of achieving the same great-power > status enjoyed by the U.S. received a major boost this month when the U.K., > Germany, France and Italy signed on to the Asian Infrastructure Investment > Bank. The AIIB will have authorized capital of $100 billion and starting > funds of about $50 billion.* > > > > *Canada is considering joining, which would leave the U.S. and Japan as > the only Group of Seven holdouts as they question the institution’s > governance and environmental standards.* > > > > > *China, flush with the world’s biggest foreign-exchange reserves and > anxious to convert them into “soft power”, is building an alternative > architecture. It has proposed not just the AIIB, but a New Development Bank > with its “BRICS” partners—Brazil, Russia, India and South Africa—and a Silk > Road development fund to boost “connectivity” with its Central Asian > neighbours…* > > > > -- > > --- > You received this message because you are subscribed to the Google Groups > ""Minds Eye"" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- --- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
