Wednesday, May 23, 2012

Chinese Gold-Backed Currency

It's coming, folks, for better or worse:

For me the jury is still out as to whether this is the work of the Chinese Government, or the Chinese Banking Sector (PBOC). If it's the latter, I smell more than a whiff of You-Know-Who, who are very active in China. Time will tell.

Here is the CIC's Jin, talking sense about Europe:

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