Posted on 02/10/2016 6:35:37 PM PST by BenLurkin
As detailed by CoinUpdate.com in a 2010 report, four counterfeit gold bars had been received by the Chinese central bank from the United States. Chinese officials didn’t publicly confirm that rumor, at least that we could find. But at the same time, a German TV news network broadcast a story from a reputable German gold foundry. The smelting plant’s 30-year owner told the news outlet how one of his workers pointed to one of the gold bars the foundry regularly receives. He insisted something wasn’t right about it.
The owner explained that he trusted his longtime employee’s gut instinct and they cut the bar in half. They were shocked to find the bar filled with worthless tungsten instead of pure gold. “The old fox was right,†the owner said after their horrifying discovery. Watch the German telecast via YouTube. The foundry’s owner went on to explain that it wasn’t he who was defrauded, but a German bank that purchased the gold and sent it to the foundry to be melted down and minted into larger bars for storage.
To my mind, that was and is quite a story.
I found it amazing there wasn't detailed follow-up.
has been buying for quite a while.
There have been warnings about the Chinese economy long before Trump jumped into the race. They are buying gold before their currency collapses and it loses its buying power.
Their central bank has 400% more problems than we had in 08. The Chinese bubble is just about to blow and I for one will not feel sorry for any US corp. that has been doing business over there, especially manufacturing plants with billions of asset investments.
Their problems are so big nobody can save them. The only question is how much it will affect the rest of the world economy.
There have been warnings about the Chinese economy long before Trump jumped into the race. They are buying gold before their currency collapses and it loses its buying power.
Yes...long before Trump got into the race....like over four years before....
Trump’s been warning about the China economy and their currency manipulation since at least 2011.
http://www.newsmax.com/TheWire/trump-china-currency/2011/12/29/id/422423/
Their currency manipulation is not the only financial problem they have which trump was never the first to call out. If you have kept up on china you would realize what i said involves banking and trillions worth of bad loans.
Just as japan had extreme foreign investments in the US that failed and were reacquired by American investers we are watching a small independent oil company and waiting for the same opportunity.
As i said before, the only questions are when and how seriously the china collapse affects the US. A good result for us is there is less talk now of the chinese currency replacing the dollar as the world reserve currency.
Trump is right about their manupliation but that was common knowledge 20 years ago when china was becoming a world economic power. Trump is not a a Nostradamas in this revelation.
I never said that their currency manipulation was their only problem.
I never said Trump was the ONLY one to warn us about it.
Trump has also been calling out other areas of their economic problems....again...since at least 2011.
Was he the first to warn about it? Of course not.
Was he the first of ALL of the CANDIDATES to warn about China, since at least 2011.
Yes.
He’s the one candidate who has been warning us, for years, about China, the oil in the ME....and, he even warned about 9/11....a couple of years before it happened...
....In his 2000 book, “The America We Deserve,” Trump wrote that he foresaw a terrorist threat larger than the Feb. 26, 1993, World Trade Center bombing that occured below the North Tower, which killed six people and injured hundreds.
“I really am convinced we’re in danger of the sort of terrorist attacks that will make the bombing of the Trade Center look like kids playing with firecrackers,” Trump wrote. “No sensible analyst rejects this possibility, and plenty of them, like me, are not wondering if but when it will happen.”
Not saying he’s Nostradamas....just pointing out his intuitiveness. A trait that may be beneficial as our President.
Most of it is....we accept it on faith. I will sell you $2.00 worth of beans from my garden because I have faith that the $2.00 that you give me will be accepted by the gas station for gasoline.....The two bills are paper....we just trust that they are acceptable to others.
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