China will use gold and gold pricing to force global currency reset | WHAT REALLY HAPPENED

China will use gold and gold pricing to force global currency reset

On Sept. 30, statistician and economist Dr. Jim Willie was a guest on the Caravan to Midnight radio show to talk about current financial, economic, and geo-political events. During his three hour interview, Dr. Willie stated that one of the purposes behind China's creation of the new Shanghai gold exchange is to eventually take over global price controls for the monetary metal away from the Comex, and then force a global currency reset by raising the price of gold to its true or actual value.

Webmaster's Commentary: 

If the price of gold cannot be kept low, people will abandon the stock market and their savings accounts for the metal. Worse, the holders of gold commodities contracts will be unwilling to settle the contracts for the cash value if gold is heading up, and the sellers of those contracts, who printed and sold far more contracts than they have gold to cover, will default.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA