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| 09:34 PM | ||
| Users Online Now: 2,426 (Who's On?) | Visitors Today: 1,061,547 | |
| Pageviews Today: 1,975,245 | Threads Today: 951 | Posts Today: 17,318 |
| 09:34 PM | ||
China to begin purchasing Iranian oil with gold on June 28th... | |
| Anonymous Coward User ID: 14819038  United States04/23/2012 09:02 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 14819038 United States04/23/2012 09:19 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 14819038 United States04/23/2012 09:52 PM Report Abusive Post Report Copyright Violation | The Gold Standard Shuffle "...What we are witnessing is a sea change in which market forces are driving a de facto return to the gold standard. All that is missing for this to be a de jure gold standard is some regulatory and legal recognition and one has been proposed. The Basel Committee for Bank Supervision, the maker of global capital requirements is studying making gold a bank capital Tier 1 asset..." - Professor Lew Spellman, University of Texas 4-23-12 [link to thespellmanreport.com] |
| Anonymous Coward User ID: 1121444 United States04/23/2012 09:56 PM Report Abusive Post Report Copyright Violation | "Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices. On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28." Quoting: Anonymous Coward 14819038 [link to www.forbes.com] 5 Fucking stars!!!!! |
| Anonymous Coward (OP) User ID: 14819038 United States04/23/2012 10:01 PM Report Abusive Post Report Copyright Violation | "Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices. On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28." Quoting: Anonymous Coward 14819038 [link to www.forbes.com] 5 Fucking stars!!!!!  |
| Anonymous Coward (OP) User ID: 14819038 United States04/23/2012 10:14 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 11722061 United States04/23/2012 10:30 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 9225014 United States04/23/2012 10:31 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1492203  Canada04/23/2012 10:38 PM Report Abusive Post Report Copyright Violation | |
ThyKpDrgnMeBk
 User ID: 13967233 United States04/23/2012 10:55 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 14943861 United States04/23/2012 11:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5890490  Netherlands04/23/2012 11:24 PM Report Abusive Post Report Copyright Violation | This is great news and ironic too. China is one of the biggest buyer of US gold. So basically they give Fed back the worthless paper Fed printed in exchange for precious metal. Fed is collecting the worthless paper it printed and give away precious metal (well maybe tungsten). And thanks to all the bank cartels such as JP Morgan China is able to buy gold at well-manipulated low price. The machine is operating as smooth as can be. |
| Anonymous Coward User ID: 14943861 United States04/23/2012 11:46 PM Report Abusive Post Report Copyright Violation | |
| Biochemky
User ID: 919411 United States04/23/2012 11:51 PM Report Abusive Post Report Copyright Violation | India, the second largest importer of Iranian oil (behind China), has been paying in gold for Iranian oil since January 24th of this year. [link to rt.com] |
| Anonymous Coward User ID: 13100401 United States04/24/2012 12:12 AM Report Abusive Post Report Copyright Violation | India, the second largest importer of Iranian oil (behind China), has been paying in gold for Iranian oil since January 24th of this year. Quoting: Biochemky [link to rt.com] The article was published on Jan,24 but all I'm reading is that negotiations have started.Anyways what happens if India and China do this? Will the dollar crash over night or just cause hyper inflation? |
| Anonymous Coward User ID: 5890490 Netherlands04/24/2012 12:15 AM Report Abusive Post Report Copyright Violation | India, the second largest importer of Iranian oil (behind China), has been paying in gold for Iranian oil since January 24th of this year. Quoting: Biochemky [link to rt.com] The article was published on Jan,24 but all I'm reading is that negotiations have started.Anyways what happens if India and China do this? Will the dollar crash over night or just cause hyper inflation? face it, the days of dollar is numbered. It's a matter of how soon |
| Anonymous Coward User ID: 2604367 United States04/24/2012 12:41 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5979191 United States04/24/2012 12:44 AM Report Abusive Post Report Copyright Violation | |
| No Dhimmi
User ID: 100809 United States04/24/2012 06:57 AM  Report Abusive Post Report Copyright Violation | This could be HUGE - as countries find ways to bypass the SWIFT system - if others follow this "barter" method it removes the western banking powers from these transactions. In the past, this has been the real reason for war - so the victor can reinstall control. i.e. Libya ALL relevant scriptures that include a time factor prove no pre-trib rapture. Over 50 verses! Kindle Edition only 99 CENTS! Biblical Eschatological “Time-Stamps” Relevant to the Last Day/Days (Amazon) |
| Anonymous Coward User ID: 14405008  Australia04/24/2012 07:01 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 11638379 United States04/24/2012 07:37 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 14948323 United States04/24/2012 07:39 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 14840138  Italy04/24/2012 07:43 AM Report Abusive Post Report Copyright Violation | China buys US gold. Quoting: Anonymous Coward 5979191 Gives gold to Iran. US seizes gold during war. A happy circle. X2 Yes but not as long as Iran has oil, they might dice Iran but doubt will dice China and C, since it will be an important supplier to them :o The fun will be when China will ask it's payment for US treasury's in Gold so it can buy more oil from Iran and C.  |
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