[WARNING] China, Russia Create Own Gold Market to Take Down U.S. Dollar

And this is only the economics side of what’s to come.

People have long forgot about the military component to the Sino-Soviet war axis, which is under construction and will be used to create One Clenched Fist.

BRICS is the social-economics side, whereas the SCO is the political and military side.

The sword is coming.

 

If you’ve ever suspected the gold market is being manipulated, you’re not alone – and you’re right, it is.

Money Morning Chief Investment Strategist Keith Fitz-Gerald explained to readers gold price manipulation back on March 5, 2013:

“Central banks and traders (especially the big ones acting on behalf of mega hedge funds, large-scale private funds, and institutions) can push gold prices higher – or lower,” Fitz-Gerald wrote. “The financial markets are like a football game in that there is a constant flow of energy between participants. And the ‘manipulation’ works in both directions, especially when it’s being orchestrated by the Fed and other central banks in the name of political expediency.”

Now it appears China and Russia have had enough of Western central bankers’ clandestine gold price manipulation to prop up the U.S. dollar.

The countries have started to create their own gold market, separate from the West…

With New Gold Market, China and Russia Wage War on U.S. Dollar

F. William Engdahl, an American-German economic researcher and best-selling geopolitical author, was recently quoted on the subject by business blog Sputnik on Aug. 16.

He said that while key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China, and other emerging economies are involved in “the genial move” to establish an entirely different gold market.

“As China has expressed it, the aim is to enable the Eurasian countries along the Silk Road to increase the gold backing of their currencies. That sounds very much like some clear-thinking and far-sighted governments are thinking of creating a stable group of gold backed currencies that would facilitate orderly trade free from Washington currency wars. South Africa, also a member of the BRICS along with China and Russia, stands to add to the new energy surrounding a renaissance in gold as a support of solid, well-based currencies to replace the diluted and devalued dollar system,” the researcher stressed.

Creation of a new gold market is just one way China and Russia aim to take down the U.S. dollar. In fact, there are five dangerous catalysts that will destroy the dollar and trigger a massive economic collapse. Continue here to find out from Jim Rickards how these five “flashpoints” will trigger the U.S. dollar demise …

Full article: [WARNING] China, Russia Create Own Gold Market to Take Down U.S. Dollar (Money Morning)

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