21 Oct ’12
Video is spot on in most parts. I think we will go into Iran and that Russia and China will not actively do anything against us. The Dollar is important to China since the hold so much debt and the last thing they want is for it to collapse. I think Russia will do everything in it's power to help Iran short of declaring war on the U.S.A. I wish Iran would stop trying to build the nuke so that we wouldn't have that excuse to attack.
found it
The Peoples Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuans appreciation.
Its no longer in Chinas favor to accumulate foreign-exchange reserves, Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will basically end normal intervention in the currency market and broaden the yuans daily trading range, Governor Zhou Xiaochuan wrote in an article in a guidebook explaining reforms outlined last week following a Communist Party meeting. Neither Yi nor Zhou gave a timeframe for any changes.
21 Oct ’12
Very interesting ^^ I know China and Russia have both been buying up gold like crazy. Even been on board the Brics currency they were trying to set up. Don't know much about it. Seems like a good time to invest in precious metals and a small farm. I'm curios as to how this whole thing plays out.
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