will China break the cartel’s grip on the gold price?

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investorzzo's picture
investorzzo
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will China break the cartel’s grip on the gold price?

http://www.financialsense.com/fsu/editorials/deepcaster/2009/0911.html

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DrKrbyLuv
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Re: will China break the cartel’s grip on the gold price?

investorzzo - thanks for the timely post.

China is gradually taking their place as the world's dominant financial force.  Many are quietly applauding China's recent show of muscle by standing up to the western banking cartel's commodity market manipulations. 

They have established their own guidelines for foreign banks wishing to write derivative contracts in China.  The rules make it difficult as reserves are required, this will eliminate most of the western cartel banks.  I wouldn't be surprised if the next step will be to invite other nations to participate in a "regulated" derivatives market with reciprocal agreements.  For example, Brazil and the Shanghai Cooperation Organization (SCO).

The Wall Street banks are party to over 80% of the reported derivatives value.  Any one of them could begin a derivatives collapse if they fail.  The risk is highly concentrated. 

Larry

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investorzzo
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Re: will China break the cartel’s grip on the gold price?

You got it Larry, as the manipulation has taken on new heights with all parties. China has some real leverage now and I think we all will start to see gold and silver make new highs as the manipulation is starting to crack.

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Re: will China break the cartel’s grip on the gold price?

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

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Ken C
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Re: will China break the cartel’s grip on the gold price?
investorzzo wrote:

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

Just exactly what would the US use to buy this toxic debt from China?  More toxic debt???

 

 

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SagerXX
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Re: will China break the cartel’s grip on the gold price?
kenc wrote:
investorzzo wrote:

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

Just exactly what would the US use to buy this toxic debt from China?  More toxic debt???

We're going to sell them Yosemite, Hawai`i, and Graceland.  With an option to buy Neverland.

Viva -- Sager

investorzzo's picture
investorzzo
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Re: will China break the cartel’s grip on the gold price?
kenc wrote:
investorzzo wrote:

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

Just exactly what would the US use to buy this toxic debt from China?  More toxic debt???

 

 

Simple, print more money, just like Chris Martenson said they were doing with a lot of agency bonds. All China has to do is threaten to expose the shorting going on with gold and silver or not play along with the short game and default. This alone would have the Fed printing more money to give to china for anything they wanted. Right now it's China who holds the ace.

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investorzzo
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Re: will China break the cartel’s grip on the gold price?

Max Keiser explains Barrick hedge and JP Morgan

http://maxkeiser1.blogspot.com/

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Ken C
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Re: will China break the cartel’s grip on the gold price?
investorzzo wrote:
kenc wrote:
investorzzo wrote:

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

Just exactly what would the US use to buy this toxic debt from China?  More toxic debt???

 

 

Simple, print more money, ....

 

 

But that is the whole point. Why would China want more or our dollars. They have too many now.

 

 

investorzzo's picture
investorzzo
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Re: will China break the cartel’s grip on the gold price?
kenc wrote:
investorzzo wrote:
kenc wrote:
investorzzo wrote:

P.S.  You have to wonder if the threat from China was made, so that the US will buy all of China's toxic debt and pass it on to the tax payer. Jon

http://www.financialsense.com/editorials/casey/2009/0911.html

Just exactly what would the US use to buy this toxic debt from China?  More toxic debt???

 

 

Simple, print more money, ....

 

 

But that is the whole point. Why would China want more or our dollars. They have too many now.

 

 

 Better to have dollars that they can get rid of, then to keep toxic assets that continue to lose value. Plus, treasuries give out interest. China is to smart to buy longterm treasuries.

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