Xi’s and Putin’s Gold Scam – The Greatest Swindle in World History

Xi and Putin are pretending that they can implement a gold standard, which is a physical and economic impossibility, unless they would kill minimally 9/10 of the global population.

RT propagandizes:

“The creation of a new gold standard by BRICS is also a step to end the US dollar’s domination of the global economy

“As Bejing and Moscow understand that America used the dollar to control the world, by implementing a new kind of ‘Gold standard 2.0’ they want to distance themselves from this control. Furthermore, the vast majority of the people in Asia sees gold as superior, or ‘real’ money, something the West has forgotten, because of all the paper wealth (credit) they have accumulated,” said Grass.

The expert notes the BRICS countries account for 40 percent of the world’s population and around 23 percent of the world’s domestic product.

“In combination with the announcement of pricing oil in yuan, using a gold-backed futures contract in Shanghai, the establishment of the Asian Infrastructure Investment Bank and the New Development Bank, China is setting up an alternative to the post-Bretton Woods establishment. This is certainly a game changer,” said Grass.”

https://www.rt.com/business/412546-china-russia-gold-standard-dollar/

Rock solid evidence that the gold standard is for fools and thieves alone:

If every person on earth had an equal amount of gold, it would be the equivalent of 5 gold rings, per person.

Even with the fractional reserve ratio of 1/10 , it still doesn’t work, to have a monetary system based on the gold standard. China, is now proposing that they would like an  international currency linking the yuan, and oil futures contracts convertible to gold. All of the gold  in existence, 165,000 metric tons, is worth about $6.785 trillion dollars. Governments own only 18% of that. The world consumed $1.75 trillion of oil last year, and global GDP is $80 trillion. If China were to become the new currency leader for the entire world, there still is not enough gold on earth with fractional reserve banking convertible to physical gold.

http://www.numbersleuth.org/worlds-gold/

The World Bank, BIS, and Chinese government are evidently setting up a giant rip-off plan. The oil futures, gold, yuan system is an economic impossibility. World oil consumption is 35 billion barrels a year.

IT IS LUDICROUS TO BASE A CURRENCY ON A NON – REPLENISHABLE NATURAL RESOURCE THAT IS GUARANTEED TO DIMINISH IN SUPPLY.

THE GUARANTEED DIMINISHED SUPPLY GUARANTEES INFLATION BY THE VERY NATURE OF THE LAWS OF SUPPLY AND DEMAND.

Xi is a skillful psychopath and master of the art of persuasion and has evidently decided to relive the life of Ghengis Kahn.  Nobody ever announces to the world that they have the sole intention of becoming a global tyrant and nations suddenly sign trade deals and international banking contracts with them.

More here:

How to Give a Central Banker a Nervous Breakdown in 13 Minutes – Andrea Iravani
https://rebel0007com.wordpress.com/2017/11/25/how-to-give-a-central-banker-a-nervous-breakdown-in-13-minutes/

Peace,

Andrea Iravani