Another Brick in the Wall
The news from the international media on the US-China trade war tends to highlight POSUS Trump’s slapping one block of tariff rise after another.It is as though China is helpless. But that’s far from the truth. As one message revived from a former Merchant Banker reads….
The US has an unpayable National Debt of US$22.5 Trillion rising at the rate of $1.2 Trillion a year, plus an unfunded debt of $220 Trillion.Another $21 Trillion is missing, according to ex US Commerce Secretary, Catherine Austin-Fitts.
In contrast China has a US$3.65 Trillion war chest.If China sells all the US Treasuries and buys gold, its price will jump up like a scared rabbit and US interest rates will spike to at least 8% or more.
This will crash Wall Street, ushering in a new rolling recession.The US$900 Trillion Derivatives Monster, a financial casino, based mostly on interest rates, will also implode.This will bankrupt not only all the major US Banks owned by the Zionist cabal but also the German Deutsch Bank and British Barclays Bank.
On 26 March 2018 China launched the yuan-based crude oil futures contract in Shanghai and the sellers of crude oil can buy gold at the Shanghai Gold Exchange using the yuan.That means the yuan was already de facto backed by Gold (via the back door) since 26 March 2018.