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EURO IS DESTROYED DOLLAR TO FOLLOW CHINA GOLD BACKED YUAN SCARE THIS IS IT!!


From FinViz, here’s the Euro vs. the dollar:

 

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FinViz

 

It’s not totally clear what’s behind the move, but a WSJ report about how Greek creditors were at “loggerheads” may be a culprit.

It could be something else. Spanish yields are also notably higher on the day.

As noted earlier, the drop in the euro is part of a broader “risk off” move.

businessinsider

According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

worldtruth.tv

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  • Dave

    It looks like the Zionist Jews running the Kosher FED & other usury rackets involving national loans is getting on shaky ground.
    The biggest problem for them is that they cannot blend in with the Chinese society as easily as they have the American in order to hijack their banking, media, schools, etc.
    The Chinese are very homogeneous, they won’t tolerate this tribe infesting their institutions like we Americans have so foolishly done.

  • http://Blahblahblah Zadoch the priest

    Sounds about fucking right…..

  • mike

    this article is an absolute joke and so is the chart. look at the chart. it shows the Euro trading at 1.29 against the US dollar. about two months ago it was at 1.20… so how did it go from 1.20 to 1.29?… that may not seem like a lot but in a currency value it is significant. Also… again, look at the chart… it only covers a few hours of time… hardly enough to support such a headline… whether it is true or not. Currencies often increase or decrease a good amount (say, the amount shown in the chart and often even more) when economic news/data comes out or when certain individuals (bernanke, draghi, etc.)speak so the decrease in value that this chart shows is absolutely nothing out of the ordinary. it can just as easily go right back up to the same point tomorrow.

  • Wagon Wheels

    “this article is an absolute joke and so is the chart. look at the chart. it shows the Euro trading at 1.29 against the US dollar. about two months ago it was at 1.20″

    Totally agree. What the chart is focussing on is a 60 basis point spread, i.e. nothing, about 0.05% of the Euro value. Sure the graph looks dramatic but the tick down starts at exactly 3am, what’s the betting that this is just another typical market movement (albeit via computer algorithm) based on the release of official market data.

  • Steven

    Breaking news? The cat is out of the bag?

    There is nothing breaking about this in fact the cat has been out of the hat for some time now. And I don’t know why some people are going ape shit all over this. Perhaps it all as something to do with the growing Anti-China propaganda being pushed by the false flag, phony baloney, do as we say Zionist media cartel and the paid and bought for puppets up on capitol hill.

    After all, the Anglo-American trash heap has to find someone to blame for their deliberate mistakes and mismanagement, kinda like what they did to the Wiemar Republic before WW2 got under way.

    Before every great physical war there is and equal if not greater Financial war.

    Is china gearing up for WW3? The Anglo-American Agenda – China the next cold war
    http://www.youtube.com/watch?v=T5wmKX7P3LE

  • NoShitSherlock

    If America is planing on starting a fight with china then they would have a few things to take into account. Have you seen the size of the Chinese army? Have you noticed the location of a large percentage of this army? Have you seen how many U.S soldiers are already partaking in warfare, and in how many countries? Maybe the fact that China has some of the largest underground bases should be thought about too. Above all else perhaps America could spend a little time worrying that most of the electronic parts that their weaponry rely on where actually made in China.lol. Defected parts are already a problem aren’t they. What happened to all the gold that America stole from China and was ordered to give back. Wasn’t the deadline for its return set at 9/10/2001? But that is another story lol