Posted on 07/13/2009 2:00:03 PM PDT by FromLori
Below is a must view video. Congressman Mark Kirk explains in detail China's behind the scenes thinking about the dollar. Hint: They are going to buy two Forth Knox's worth of gold.
video at site
Isn’t that guy that voted for Cap & Trade
I do not know.
I checked. He is.
If the US sells its gold to China. We are doomed.
How much of the gold market, for how long is 80 billion? Will this move prices?
If you are faced with a dollar that is going to lose its value, buy hard assets. Oil fields. Mines. Gold.
Just keep enough cash on hand to buy miscellaneous governments as the need arises. Their sale price is no doubt declining, so that needn’t be any large sum.
Traitor but listen to the video it is worth watching what he says about tax cheat tim and china.
I can’t answer that sorry. 80Billion is 2 Fort Knox worth of gold you should listen to the video. It tells how china is hedging, etc.
China not only buying 80 billion in gold, they are also going to capture the WH on Sept 20th when their flag will be hoisted at the WH.
http://www.chinadaily.com.cn/china/2009-07/13/content_8422505.htm
Our communist 0 and his liberal buddies will be so happy that day.
Unbelievable what is there to admire those people have no freedom this is just sickening.
Yes, he voted for Cap & Trade. Since he’s my congressman, I know that he’s pro-choice, pro-gun control, pro-gay marriage, pro-spending increases, pro-illegal alien, and anti-Iraq surge. He’ll probably run for the U.S. Senate. If you know any IL Republicans, please ask them to support Dr. Eric Wallace. His site is www.wallaceforillinois.com.
I watched the video, it was very informative. I would encourage others to watch it as well. But I still hate that guy.
Saw an analysis about a week ago that showed the billions in loans to business that China just gave out to stimulate its own economy was mainly used to place bets in the commodities market. Can you say bubble?
There have been several stories along these lines in the past few months. Gold reversed today, and this story may have been the reason.
China is also buying copper and other commodities as stores of value.
Frankly, I think China is due for some major economic problems and likely unrest or even a breakdown of government. But meantime, they are trying to store their money where it will maintain its value.
Folks lets be realistic here. 80 billion dollars of gold is PISS! Almost in the noise range.
Isn’t that about 2.5 thousand billion short.
What? Did Wen Jiabao call him up and tell him this?
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