Friday, October 25, 2013

Building China's de-Americanized World 

"Building a de-Americanized World" China Slowly Moving Out Of US Treasuries

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via Jim Sinclair's MineSet

The Frightening Truth About China’s Control Of The US

Today acclaimed money manager Stephen Leeb told King World News “There is a tremendous amount of fear in the United States about the increasing power the Chinese are exerting in this country and the fears are well-founded as far as I’m concerned.” Leeb also discussed the frightening implications of this for the United States as well as where the US is headed from here, and also spoke about China’s accelerate accumulation of gold.

Leeb: “The euro is on a tear and it has risen quite dramatically, but one currency has done considerably better than any other during the past month and that is the Chinese yuan. The yuan is just soaring. Right now there is a massive of flow of gold from West to East, and I think the West is desperate, and want to emphasize the word ‘desperate,’ to hold down the price of gold because gold represents a massive threat to the US dollar.

“From a foreign perspective, they are holding what could become worthless pieces of paper because the dollar may collapse. So there is tremendous pressure to keep any alternative currencies out of the spotlight. This means pressure from the West to keep gold down.

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