MIKECRISTO
The monetary authorities shorted the price of gold and silver to drive down the price of fiat currencies (real interest rates),
So that banks could make loans to economic actors who were interested in a financialized (financial assets) economy
versus a labor intensive economy.
Because there’s no money in actual producing things.
So naturally, China wants to break the dollar system to stop the predatory U.S. from using fiat dollars to control the world.
How does China do that? By controlling the global price of physical gold and silver.
To break the manipulated U.S. price suppression of gold and silver paper contracts.
So yesterday, we saw China begin to pull the plug on the Dollar.
This is why U.S. Treasury bonds now have no intrinsic value to the rest of the world.
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