China Preparing To Impose Bretton Woods II Gold Standard

Stephen Leeb: “The flow of power and gold is going from West to East.  China may have accumulated a staggering 1,500 tons of gold last year alone.  China’s growth is now picking up steam as well.  What is really stunning is how much the yuan has increased in terms of international transactions.”

“The usage of the yuan in international transactions has been increasing at an unbelievable 170% per year.  That’s how fast the yuan has been increasing in terms of international transactions.  So goes the gold, so goes the power, and you can see it in the prominence the yuan is gaining.

The Chinese definitely have a plan here and that is to get control of gold....


“We are headed for another Bretton Woods.  It is unsustainable for currencies to continue to lose their purchasing power while median incomes, especially in the US, continue to go down in the West.
By the time China has 10,000 or 12,000 tons of gold, whatever the number is, they are going to have a lot more gold than we will have, and this will take place within the next 2, 3, or 4 years.  There is very little doubt about that.  The US has already gone from 20,000 tons, to supposedly 8,000 tons, but it’s probably a lot less than 8,000 tons.  There is enough documentation that proves this conclusively.  Why does it take 7 years to ship 300 tons of gold to Germany?  Go figure that one out if the US has so much gold on hand.

...another gold standard.  It is now a question of when it will happen, not if it will happen.” Full Story at KWN