MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘World Domination’

US Troops Die For World Domination, Not Freedom – Caitlin’s Newsletter

Posted by M. C. on June 3, 2021

https://caitlinjohnstone.substack.com/p/us-troops-die-for-world-domination

Caitlin Johnstone

Vice President Kamala Harris spent the weekend under fire from Republicans, which of course means that Kamala Harris spent the weekend being criticized for the most silly, vapid reason you could possibly criticize Kamala Harris for.

Apparently the likely future president tweeted “Enjoy the long weekend,” a reference to the Memorial Day holiday on Monday, instead of gushing about fallen troops and sacrifice.

That’s it, that’s the whole entire story. That silly, irrelevant offense by one of the sleaziest people in the single most corrupt and murderous government on earth is the whole entire basis for histrionic headlines from conservative media outlets like this:Fox News @FoxNews’DISGUSTING’ DISRESPECT: Vice President Kamala Harris ignites outrage over ‘misfire’ Memorial Day tweet Vice President Kamala Harris under fire for ‘disrespectful’ tweetVice President Kamala Harris came under fire Saturday for posting a tweet about Memorial Weekend, but without mentioning the significance of the weekend.foxnews.com

May 29th 20211,162 Retweets4,983 Likes

Harris, the born politician, was quick to course correct.

“Throughout our history our service men and women have risked everything to defend our freedoms and our country,” the veep tweeted. “As we prepare to honor them on Memorial Day, we remember their service and their sacrifice.”

Which is of course complete bullshit. It has been generations since any member of the US military could be said to have served or sacrificed defending America or its freedoms, and that has been the case throughout almost the entirety of its history. If you are reading this it is statistically unlikely that you are of an age where any US military personnel died for any other reason than corporate profit and global domination, and if you are it’s almost certain you weren’t old enough to have had mature thoughts about it at the time.

Whenever you criticize the US war machine online within earshot of anyone who’s sufficiently propagandized, you will invariably be lectured about the second World War and how we’d all be speaking German or Japanese without the brave men who died for our freedom. This makes my point for me: the fact that apologists for US imperialism always need to reach all the way back through history to the cusp of living memory to find even one single example of the American military being used for purposes that weren’t evil proves that it most certainly is evil.

But this is one of the main reasons there are so very many movies and history documentaries made about World War Two: it’s an opportunity to portray US servicemen bravely fighting and dying for a noble cause without having to bend the truth beyond recognition. The other major reason is that focusing on the second World War allows members of the US empire to escape into a time when the Big Bad Guy on the world stage was someone else.

From the end of World War Two to the fall of the USSR, the US military was used to smash the spread of communism and secure geostrategic interests toward the ultimate end of engineering the collapse of the Soviet Union. After this was accomplished in 1991, US foreign policy officially shifted to preserving a unipolar world order by preventing the rise of any other superpower which could rival its might.

A 1992 article by The New York Times titled  “U.S. Strategy Plan Calls For Insuring No Rivals Develop“, reporting on a leaked document which describes a policy known as the Wolfowitz Doctrine after then-Undersecretary of Defense for Policy Paul Wolfowitz, reads as follows:

In a broad new policy statement that is in its final drafting stage, the Defense Department asserts that America’s political and military mission in the post-cold-war era will be to insure that no rival superpower is allowed to emerge in Western Europe, Asia or the territory of the former Soviet Union.

A 46-page document that has been circulating at the highest levels of the Pentagon for weeks, and which Defense Secretary Dick Cheney expects to release later this month, states that part of the American mission will be “convincing potential competitors that they need not aspire to a greater role or pursue a more aggressive posture to protect their legitimate interests.”

The classified document makes the case for a world dominated by one superpower whose position can be perpetuated by constructive behavior and sufficient military might to deter any nation or group of nations from challenging American primacy.

This is all US troops have been fighting and dying for since the Berlin Wall came down. Not “freedom”, not “democracy”, and certainly not the American people. Just continual uncontested domination of this planet at all cost: domination of its resources, its trade routes, its seas, its air, and its humans, no matter how many lives need to risked and snuffed out in order to achieve it. The US has killed millions and displaced tens of millions just since the turn of this century in the reckless pursuit of that goal.

And, as Smedley Butler spelled out 86 years ago in his still-relevant book War is a Racket, US military personnel have been dying for profit. Nothing gets the gears of industry turning like war, and nothing better creates chaotic wild west environments of shock and confusion during which more wealth and power can be grabbed. War profiteers pour immense resources into lobbying, think tanks and campaign donations to manipulate and bribe policy makers into making decisions which promote war and military expansionism, with astounding success. This is all entirely legal.

It’s important to spread awareness that this is all US troops have been dying for, because the fairy tale that they fight for freedom and for their countrymen is a major propaganda narrative used in military recruitment. While poverty plays a significant role in driving up enlistments as predatory recruiters target poor and middle class youth promising them a future in the nation with the worst income inequality in the industrialized world, the fact that the aggressively propagandized glorification of military “service” makes it a more esteemed career path than working at a restaurant or a grocery store means people are more likely to enlist.

Without all that propaganda deceiving people into believing that military work is something virtuous, military service would be the most shameful job anyone could possibly have; other stigmatized jobs like sex work would be regarded as far more noble. You’d be less reluctant to tell your extended family over Christmas that you’re a janitor at a seedy massage parlor than that you’ve enlisted in the US military, because instead of congratulating and praising you, your Uncle Murray would look at you and say, “So you’re gonna be killing kids for crude oil?”

And that’s exactly how it should be. Continuing to uphold the lie that US troops fight and die for a good cause is helping to ensure a steady supply of teenagers to feed into the gears of the imperial war machine. Stop feeding into the lie that the war machine is worth killing and being killed for. Not out of disrespect for the dead, but out of reverence for the living. 

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Playbook for World Domination – LewRockwell

Posted by M. C. on November 30, 2020

https://www.lewrockwell.com/2020/11/ellen-finnigan/playbook-for-world-domination/

By Ellen Finnigan

Do you have more money than you know what to do with? Do you have big dreams and connections in high places? Do I have a plan for you!

Getting Started

  • First, make a plan. World domination isn’t just going to fall into your lap. Read old school case studies like The Project for a New American Century and from more recently, the World Economic Forum’s Great Reset, the WHO’s Agenda 2030, ID2020 and UN Agenda 2030.
  • Create a crisis. It must be a “catastrophic and catalyzing event.” It will be easier to implement your plan in the chaos that follows. WINE BOTTLE GLASSES – … Buy New $25.99 (as of 04:43 EST – Details)
  • Fear is your friend. Paralyze them with fear. They’ll go along with anything.
  • The crisis should have mysterious foreign origins. Cave-dwelling terrorists in Afghanistan, cave-dwelling bats in Wuhan. For some reason, caves work, maybe something about their primitive connotations. Plus, it’s not like journalists are going to investigate something that happened in some God-forsaken foreign nation when they can earn a paycheck by “reporting” on what happened last night on Twitter from the comfort of their own beds.
  • But the place can’t be totally random. You’re going to need some connections in high places. Remember, Bush’s connections with Saudi Arabia, the CIA with Osama Bin Laden, Bill Gates with China, and Anthony Fauci with that Wuhan lab?
  • Psychologically prepare the population. This is most easily accomplished by making movies for the plebes. See Pearl Harbor (May 2001) and Pandemic (January 2020).
  • You need an “invisible enemythat “knows no borders,” one that is impossible to definitively eradicate. But don’t use terrorists or a virus again. That’s played out. You’ll have to come up with something bigger and better next time. Aliens might be cool.
  • Make the epicenter the Big Apple, because those folks are generally on our side and always easy to work with. Also, take a cue from Hollywood: Godzilla didn’t invade Charleston, and I Am Legend doesn’t take place in Helena. There is a reason for this.
  • Go big or go home. Is it likely that commercial airliners would manage to fly through some the most heavily defended airspace in the world and hit two buildings, 18 minutes apart, and the Pentagon? No — LOL! Is it likely that a virus would manage to escape one of the most highly secured and secretive labs in the entire world? Probably not. But the good news is: You don’t have to worry about what is likely or probable or believable. Just concern yourself with what is plausibly deniable and go from there. Seriously, the bigger the lie, the easier it is to believe, because they won’t be able to believe that someone would tell a lie that big. It’s all about chutzpah!
  • Plant a few seeds or make sure there is some precedent for the incredulous, like this and this.
  • Practice makes perfect! We recommend running some simulations, like the Pentagon Mass Casualty Project or the September 11 NORAD drills or Event 201. They can be good for cover or confusion or just for looking like you are trying to prepare for a crisis instead of planning one.

D-Day

Now that you’re ready, you can trigger your “catastrophic and catalyzing” event. (D-Day stands for “Demo Day,” by the way. Ha ha.) Dragonfly Embossed Cob… Buy New $26.00 (as of 04:43 EST – Details)

  • Surprise, surprise. Condoleeza Rice and President Bush both said that no one could have imagined terrorists using planes as missiles! (Though the military had imagined and prepared for this very thing.) And even though the Wuhan lab had 1,500 viruses in its stockpile, the virus that caused the plandemic was of course totally unknown to mankind, like nobody knew how it worked and stuff. This is important, like whatever happens needs to seem to come out of nowhere.
  • Instantly associate your new crisis with an iconic old one, but don’t recreate the wheel. Humans have short memories. “Pearl Harbor” usually works. See The Boston Globe in September 2001, and The Boston Globe again in April 2020.
  • Provide instant answers and verbalize the plan immediately. By the afternoon of September 11, 2001, Osama Bin Laden’s face was plastered all over the television screen, and people were calling for war (the plan) shortly thereafter. With the virus, it was important to tell people immediately what it was, where it came from, and that there would be no hope in combatting it without a vaccine (the plan), right away. First impressions are important. After that, humans will for some reason just, like, go with it.

Messaging

  • Re-traumatize through repetition. In 2001, television stations broadcasted the images of the towers collapsing over and over again for months. In 2020, no one could escape the daily reports on “cases.” Repetition is key. Don’t worry: We’ve laid the groundwork for you here. The media will dutifully repeat whatever you tell them, and then the humans will, in turn, repeat whatever they hear from the media. We didn’t call it “Operation Mockingbird” for nothing!
  • Make up slogans. Let’s roll! Never forget. Never again. These colors don’t run. Flatten the curve. Stay safe. Socially distance. Shelter in place. #wearadamnmask. You know, dumb crap like that.
  • You need some branding, something catchy to get people on board, something like “The War on Terror” or “The Great Reset.”
  • Promote unity. If someone questioned the events of September 11th he was deemed “unpatriotic.” If he questioned the narrative of COVID-1984, he was surely a sociopath! Next time, if shame doesn’t work, send them to a “re-education camp” or just start killing people, ideally in public.
  • The all-seeing eye. After September 11: “If you see something, say something” and “Report suspicious activity.” After the virus, people started snitching on their neighbors who were having a birthday party or playing football in the park.
  • Allow virtue signaling. Give people a way to show their buy-in, like by wearing an American flag on their lapel or donning a face diaper. Just make sure it’s easy, because people will do anything to seem like a good person, but not if it’s hard.
  • Tell them everything has changed. Use terms like “post-9/11” and the “New Normal.” The crisis must be characterized as a watershed event that will forever change the way they live (key word being “they”… ha ha.)
  • Never look back. Discourage reflection and “how did we get here” conversations, like about “blowback” or the ethics of engaging in biological warfare research or the pervasive problem of generally weakened immune systems from nutrition-less, GMO foods. People should only look forward (to the war/vaccine), never back. Pint Glasses by Black … Buy New $28.00 (as of 04:43 EST – Details)
  • Combat dissent. For anyone who 1) points out the published agendas in written documents, 2) speaks about large gatherings of powerful elites like Davos Group, Council on Foreign Relations, Bilderberg Group, etc., 3) dares to speak aloud the names of conspirators or the organizations they fund and associate with, 3) questions the origins of the crisis, or 4) urges prudence instead of haste, 5) calls attention to the downsides of the plan, 6) questions the plan in anyway, censor them, call them “conspiracy theorists” or say that they want to “do nothing” in a time of crisis.

Moving towards implementation, you must create the right environment.

  • The threat must be ongoing. After September 11, they used an ever-changing, color-coded warning system. After the virus, they did this too. In both cases there were constant reports of “break-outs” and predictions of a second wave, and ongoing “scientific discoveries” like: “It causes brain damage!” or “It causes infertility!” or “People who walk their dogs are 78% more likely to get the virus!”
  • Create logical chaos. For a thinking person, there is nothing so maddening. For example, in 2001, people were told that the fires from jet fuel were so hot that they could cause steel structures to collapse and disintegrate into dust, yet one of the terrorists’ passports was supposedly found lying on the ground. People were told the terrorists were in Afghanistan but “we” needed to invade Iraq. People were told the virus could live on surfaces for up to two weeks, but then it couldn’t. It wasn’t necessary to wear a mask, but then it was. Asymptomatic people could transmit the virus, then only pre-symptomatic people could. The virus could spread at anti-lockdown protests but not at BLM protests. This kind of thing will drive thinking people crazy. Good. That’s what you want.
  • Create social chaos. Thinking people will spend hours, years, decades, trying to figure out the truth, sharing the latest information, and then arguing, especially on social media, about what is true and what is not. Keep them arguing over the truth of what really happened while you implement the plan.
  • Ignore, play down protests and it will be like they didn’t happen. Most people had no idea of the extent of the protests against the invasion of Iraq, or about the extent of the protests against the lockdowns. So when the plan proceeded unimpeded, it didn’t strike many as being against the will of the people.
  • Make people feel physically insecure and unsafe. After September 11, they unleashed the Anthrax scare. After the virus, they funded the BLM and Antifa riots, started race wars, and worked toward color revolution. While Rome is burning, you will be calmly implementing your plan.

As you implement the plan:

  • Manufacture evidence. The intelligence agencies were pressured to “find” the evidence that would support the plan to invade Iraq; just like hospitals and doctors were bribed or pressured to report the cause of deaths as COVID-1984.
  • Dismiss family ties as conspiracy theory. George W. Bush was the son of Herbert Walker Bush, former President and head of the CIA (who didn’t remember where he was the day Kennedy died), had waged a previous war against Saddam Hussein, and had publicly called for a “new world order,” yet the “War on Terror” could have nothing to do with any of that. Bill Gates came from a family of eugenicists, engaged in dishonest business practices his whole life, and publicly called for population reduction and control, but this vaccine could have nothing to do with any of that. Glassware Set of 4 Bir… Buy New $49.95 (as of 04:43 EST – Details)
  • Move at warp speed. The post-September 11 cries that we must “Do something!” fueled the rush to war. The panic over the virus fueled “Operation Warp Speed,” the push for a vaccine. The wreckage at the World Trade Center was carted off and sold to China before anyone could blink. Likewise, there was no time to investigate Gates’ and Fauci’s ties to the Wuhan lab, how the virus escaped, whether the virus was manmade, the fraudulent testing and reporting, and certainly no time to for the necessary trials to test the vaccine before it went to market.
  • Mission creep: Just like the need to bomb the caves in Afghanistan where the terrorists supposedly dwelled led to the invasion for Iraq, and then the occupation of both countries for decades, so “fourteen days to flatten the curve” led to six months of “lockdown” and economic devastation and, then, the need to stop climate change, to move to digital currency, to usher in the fourth industrial revolution and trans-humanism.
  • Get the Catholic Church on your side. One way to do this might be to have a major paper publish drop a perfectly timed bombshell that exposes the largest sex scandal in history, thereby discrediting them, embroiling them in controversy, and preoccupying them with lawsuits for the foreseeable future so they can’t, or won’t, speak out against war. If you can’t do that, buy their silence with millions of dollars. Like the folks in NYC, the people at the top of the USCCB have proven historically very easy to work with: They didn’t bring up Just War Theory when the U.S. government invaded Iraq, and they didn’t bring up fetal tissue from aborted babies when they pushed the vaccine.

Now is the time for a power grab. Just like everything and anything could be justified in the name of national security after September 11, 2001, everything and anything could be justified in the name of public health in the wake of COVID-1984, including the following:

  • Increase surveillance and trampling of civil rights: There was the Patriot Act in the wake of September 11th and “contact tracing” in the wake of the virus.
  • Install new government busybodies: Like the TSA, then contact tracers.
  • Censor! Silence anyone who criticizes or questions the government’s narrative, even those – especially those — who are well qualified in related fields, such as doctors, immunologists, structural engineers, and architects. Refer to all as “conspiracy theorists” and put them all on a media blacklist.
  • Rake in obscene profits. The military-industrial complex on the one hand, BigPharma and the Davos billionaires on the other. Luckily these two massive industries eventually blended, with DARPA and the Department of Defense involved in the developing and deploying of the vaccine. With Big Military, Big Tech, and Big Pharma all blending, things things are getting harder for people to sort out. That’s good!

Psy-ops are necessary to psychologically condition the population for your long term plan.

See the rest here

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China’s Stealth Plan to Use Gold for World Domination

Posted by M. C. on February 27, 2020

Russia bought $100 billion worth of euros, yuan, and yen in 2018… the Keyser Söze of gold won’t make that mistake again.

And over eleven trillion U.S. dollars’ worth of global investment opportunities have a negative yield. So Russia would end up paying money to hold them.

Gold, on the other hand, has paid off handsomely for Putin.

The real plan-Some feel this is why the US is trying to topple countries that are looking to alternative currencies.

In short, China and Russia want a world where the U.S. dollar is no longer the reserve currency.

To do that, both Russia and China (specifically China) have a lot of gold buying to do before they can realistically back up their currency.

It won’t be a return to the gold standard, certainly. It will be more of a “gold support.”

https://internationalman.com/articles/red-gold-china-stealth-plan-to-use-gold-for-world-domination/

by Marin Katusa

Gold used to be important.

During and after World War II, every major developed country amassed as much physical gold as they could. It stabilized currencies and signaled independence.

But with the end of the gold standard in 1971, most countries began to sell off their reserves.

So much so that in 1999, an agreement was formed to limit the amount of gold that central banks could sell. Fast forward to today, and Canada’s central bank owns ZERO gold.

Despite the agreement, most countries continued to shed their gold reserves as fast as possible.

Central bank gold reserves

That is until a few years ago, when a handful of countries reversed course. Central Banks started buying gold with fury, and they haven’t let up since.

In the final quarter of 2018, central banks purchased more gold than in any other quarter on record.

By the end of the year, central banks collectively held around 1.064 billion ounces of gold (equivalent to 33,200 tons).

That’s about one-fifth of all the gold ever mined.

In the first half of 2019, central banks purchased 11.97 million ounces of gold (374 tons). Once again, that was far more than ever before. And it’s equivalent to one-sixth of total gold demand in that period.

And total central bank gold purchases for 2019 were the second highest they’ve been in the last 50 years (2018 being the first).

The Unusual Suspects in Central Bank Gold Purchases

And the Keyser Söze of gold is Vladimir Putin.

I’ve been very quiet about Russia and Putin the last few years as I’ve been swamped with media requests following the success of my NY Times Bestseller The Colder War.

Don’t underestimate what the Russians are doing, as others are starting to follow…

While the world focuses on China, Russia has positioned itself at the center of the global political chessboard.

Here’s what’s interesting about the recent central bank gold purchases: the vast majority of that unprecedented purchasing came from just four countries.

These are places you’d never expect.

  • One of those countries is Kazakhstan, whose GDP is smaller than Kansas’s. Kazakhstan grew their reserves from 2.4 million ounces (75 tons) in 2011 to 12 million ounces (375 tons) in 2020 — A 400% increase.
  • Turkey moved far faster. In 2017, they had 3.71 million ounces (116 tons). Now, they have 12.32 million ounces (385 tons) of gold. That’s a 232% increase in just the last two years.
  • In 2018 alone, Russia bought 8.78 million ounces (274.3 tons). That’s the most it’s ever purchased in one year, and its fourth year above 6.4 million (200 tons) ounces of gold. For reference, that’s $15.7 billion worth of gold.

Putin is undertaking what’s called a “de-dollarization.” Aware of sanctions from the United States, Russia is positioning itself to not be dependent on U.S. Dollar holdings.

So, the central bank in Russia has sold nearly all of their U.S. Treasury notes. And it’s used the proceeds to buy gold.

Like I said, the Keyser Söze of gold is Vladimir Putin.

Pay attention to the world’s master strategist. This is very bullish for gold.

Russian gold purchases

You might be wondering why Russia doesn’t buy a yielding investment with the cash.

The problem is that other reserve currencies, like the euro or the yen, are extraordinarily weak against the dollar and Putin knows this will continue.

Russia bought $100 billion worth of euros, yuan, and yen in 2018… the Keyser Söze of gold won’t make that mistake again.

And over eleven trillion U.S. dollars’ worth of global investment opportunities have a negative yield. So Russia would end up paying money to hold them.

Gold, on the other hand, has paid off handsomely for Putin.

In 2019, the value of Russian-held gold has increased from $86 billion to more than $112 billion. The rising gold price has generated a windfall for the Russians of nearly $20 billion that the Russians can leverage.

That’s providing plenty of incentive to keep Russia buying in the long run, stoking further demand.

The problem is that Russia’s buying is fairly well-known. Unless it continues to step up gold purchases, its effect on gold prices has mostly already been taken into account.

China’s New Golden Rule

With WuFlu (the Coronavirus) now having infected more people than SARS did in 2003, will China continue their gold purchases?

China stockpiled huge amounts of gold every single month last year.

You’re probably wondering why…

Well, you’ve probably heard the saying, “He who has the gold, makes the rules.” Xi Jinping, President of China, agrees with Putin’s strategy.

WuFlu no doubt has sidetracked China here in the near term, but it’s been proven that the gold insurance strategy is a very wise one.

The Chinese elite are aware of their aging demographics and high debt loads.

The gold will be valuable to potentially backstop any shortfalls without being overly dependent on their foreign exchange reserves.

China is diversifying its foreign exchange reserves away from the USD and towards gold. This will take many years, but it’s a sound strategy.

The major Western countries hold upwards of 60 percent of their foreign exchange reserves in gold.

China is currently at just 2.9%. Russia is currently at 20%.

China knows it has to pick up its gold to reserves ratio and WuFlu will accelerate this belief.

The chart below shows where Russia and China will want to be at—with the western superpowers. They will get there. And the price of gold will be positively impacted as a result.

gold percentage

Of course, China has much larger foreign exchange reserves than most other countries. So its gold holdings represent a lower percentage of its total reserves.

But even when looking at actual gold holdings, you can see that China and Russia have long lagged behind the west. Only now are they catching up.

gold reserves

If – and it’s a big if – China were to shoot for the same gold-to-forex reserve ratio as the United States, that would take 1.98 billion ounces of gold (62,000 tons) of gold off the market—or fourteen years’ worth of 100% of the world’s gold demand.

The subsequent rise in the price of gold would be unlike anything the world has ever seen. But it seems impossible… right?

Here’s the thing: Russia’s own gold-to-forex reserve ratio fell below 2.5 percent in 2007. Now it’s at 20 percent—and climbing.

Not only that, but China has a much longer-term vision in mind with their gold purchases.

According to one of my favorite people to debate on stage at conferences, Euro Pacific Capital CEO Peter Schiff, Russia and China are “preparing for the world where the dollar is no longer the reserve currency.”

China can’t do this, and they know it. Peter knows it too, until China’s reserves grow 10-fold.

In short, China and Russia want a world where the U.S. dollar is no longer the reserve currency.

To do that, both Russia and China (specifically China) have a lot of gold buying to do before they can realistically back up their currency.

It won’t be a return to the gold standard, certainly. It will be more of a “gold support.”

The Angry Dragon

So here are the trillion-dollar questions: exactly how much gold is China planning to buy?

And what will it do to the price of gold?

The problem with China is that it doesn’t update its gold reserve numbers very often. When the numbers are updated, their accuracy is impossible to verify.

Few believe the official WuFlu numbers, never mind gold numbers.

China lacks global trust.

Real gold reserves are one step towards building that trust.

China buys its gold extremely quietly via back channels to avoid running up the price via its purchases. (Remember Kazakhstan’s huge gold buys? Guess who they share a border with…)

From 2009 to 2015, the Chinese government didn’t provide any updates about its gold holdings. Then it suddenly announced a massive 57 percent jump in its reserves.

What we do know is that China purchased nearly 3.2 million ounces (100 tons) of gold in the past year. But, they need to buy 1.9 billion ounces to be on par with America. 3.2 million ounces is a lot of gold, but relative to where they need to be—it’s not.

Moving forward, that’s set to rise—dramatically.

Zhang Bingnan, vice president of the China Gold Association, forecasted the optimal gold reserve capacity for China for the next two decades…

He found that in 2020, China’s optimal gold reserves should be between 185.6 million ounces and 217.6 million ounces (5,800 and 6,800 tons) of gold.

Remember, China’s gold reserves currently sit around 58.94 million ounces (1,842 tons).

That means it would need to buy 128 million ounces (4,000 tons) at a minimum, this year, to meet Zhang Bingnan’s optimal rate.

But even that would be short by 1.77 billion ounces to meet the ratio that U.S. reserves are at.

Another way to look at it is, even if China doubles their gold reserves, they’re still short of meeting the same ratio as the United States by 93%.

A Dragon’s Appetite for Gold

According to a precious metals analyst at Standard Chartered Bank…

Just to achieve the diversification it’s looking for, China would need to buy two years of global gold production.

In short, when China really starts buying, it’s not going to be able to disguise it any longer. And that could cause a run on gold like the world has never seen before.

Central reserve banks are already snatching gold up at record levels… when prices are at record levels. These central banks themselves anticipate prices going much, much higher.

When central reserve banks begin to see gold both as diversification, insurance and leverage there will never be enough of it to go around.

I wouldn’t want to bet against them. I’d never bet against the Keyser Söze of gold, Vladimir Putin.

Because gold still matters—a lot.

And with any shakiness in the global economy, it’s going to matter a lot more.

Editor’s Note: In this shaky economic environment, big buyers like China and Russia, are accumulating as much gold as possible.

It’s no question that negative interest rates and the devaluation of currencies will only put fuel on the fire.

In a newly released video, legendary speculator Doug Casey and resource expert Marin Katusa breakdown exactly what is coming, and exactly how you can profit from the rally in gold. Click here to watch it now.

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Fiat Money - The main driver behind boom & Bust Cycles ...

 

 

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