I wonder if Drudge’s comment is any way related to recent moves by China to position the Yuan as the new reserve currency. There’s been a lot of chatter about recent moves by China and Russia to strengthen each other’s currency, and those moves have been matched by some strong pre-positioning in Japan. Not so much that you can say they are colluding, but they’re definitely getting their ducks lined up quietly.
We can only speculate, sadly so, but as I mentioned before it seemed to me rather odd that the amount of Gold JPMorgan was moving was pretty much equal to what China is facing Jan.31st.
I think they’re playing with Putin using the Olympics as their hedge. As you know the Olympics have always been political and a revenue source that can do good or harm to the nation hosting the event....
Yes, it’s very possible this is also about Russia and China’s demands of a new reserve currency they’ve been screeching about for awhile now. They’ve been bed buddies for several years, but make no mistake they are definatly not a ‘mutual’ admiration society, more like a prostitute and a pimp...there’s no love lost between them and each has thier “Great plan” for how they want the Middle East and their country’s to line up...always with their own interest front and center.
Japans rather a wild card in the mix I think...they have zip zero resources and will play any game necessary to sustain sources of.....basically who comes out on top, or looks to be from their perspective, will determine their course.