Čína nakupuje zlato

Čína zvyšuje svoje zlaté rezervy kvôli ochrane pred možným oslabením dolára a tým pádom aj yuan bude sčasti chranený zlatom.

The recent strength in commodities and global stock markets could be explained by dollar devaluation and/or outright fear of holding U.S. dollars. It seems that I find one or more stories every day indicating that foreigners have lost faith in the fiscal and monetary policies of the United States.

China's gold reserves may serve as backing for the yuan as Beijing promotes its use overseas, said Zheng Lianghao, managing director of the World Gold Council's Far East division, the Shanghai Securities News reported Monday.

Zheng, who was speaking at a forum over the weekend, said increasing gold holdings would provide China with a useful hedge as the dollar faced the possibility of depreciation, according to the report.


The only mistake in life is the lesson not learned

   "You can deceive some of the people all the time, and all the people some of the time, but you cannot deceive all the people all the time." Abraham Lincoln

"The activities of the ruling elite in controlling population must be kept secret. "  Plato

"We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent."  Paul Warburg, February 17, 1950