After six years of mystery over how much gold China is actually hoarding, the nation surprised the bullion market on Friday by unveiling its first reserve figures since last published in April 2009, which showed a near 60 percent jump versus expectations that holdings had tripled since that time. China has boosted bullion assets to 53.31 million troy … Continue reading
By F. William Engdahl Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan. That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations … Continue reading
“The Altai Mountains could be sitting on a vast gold mine – quite literally. Geologists have discovered a large deposit of the precious metal to the north of the range, with estimates it could be worth as much as $850 million,” The Siberian Times reports. It is thought there could be up to 22.2 tonnes … Continue reading
By F. William Engdahl I know of no comparable global Great Project to equal what is now unfolding, bit-by-bit, as China reveals more about her Silk Road Economic Belt high-speed railway infrastructure network. And it’s now clear that the road will be filled with entire new cities, industrial zones, construction, improving standards of living for hundreds … Continue reading
By Bill Holter The title is of course a little misleading because China has many options, none of which except one in my opinion will actually work. Options to what exactly you ask? Options to a collapsing global economy and an imploding financial system which will surely affect China as much as anywhere else, but with … Continue reading
China can ultimately overthrow the global domination of the U.S. dollar by using its 30,000 tons of gold reserves, according to Chinese economist Jin Zihou. Citing former U.S. Federal Reserve Chair Alan Greenspan, Chinese economic observer Jin Zihou suggested that the Chinese renminbi would be able to deal a lethal blow to today’s financial system should Beijing convert … Continue reading
Ahead of Indian Prime Minister Narendra Modi’s official visit to China slated for May 14-16, Beijing has indicated that it is “eager to cooperate” with New Delhi on deep seabed mining in the Indian Ocean, according to a report from state-run China Daily. China is fully prepared to cooperate with India on deep seabed mining in the Indian … Continue reading
By Bill Holter This past Friday, Dave Kranzler of Investment Research Dynamics put out a very thoughtful article and chart regarding the spike in “reverse repurchase agreements” RRP’s held at the Fed http://investmentresearchdynamics.com/tag/reverse-repo-agreement/. The chart in question shows three very distinctive spikes: The first was Sept. of 2008, again in 2011 and the current spike. It is … Continue reading
By Bill Holter Much speculation abounds regarding China’s gold holdings. They officially claim 1,054 tons as of April 2009. We suspected they might “re” announce their holdings again last year at this time as it was five years after their last announcement and China has a habit of “five year plans”. Alisdair Mcleod believes they have … Continue reading
India’s ancient, historic, sacred temples are spiritual structures that were designed to bring humans and gods together. They are also home to a treasure trove of billions of dollars’ worth in jewelry, gold bars, and coins which have been collected over the centuries and are hidden away securely in vaults, some ancient and some modern. Back in July 2011, a story that sounds like a plot line of an Hollywood adventure like Indiana … Continue reading