China Is Preparing To Shock The World

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After another wild week of trading in global markets, today one of the top money managers in the world told King World News that China is preparing to shock the world.

Stephen Leeb:  “Someone from the IMF just said that the chances are 99 percent that China will get approved for reserve currency status.  If they do (get approved), how long before China says, ‘Now that we are approved as a reserve currency, now that the world can trade with the yuan, we want to put a little more backbone in our currency, how about backing part of our currency with gold?’  That is definitely going to happen, Eric… Continue reading

China May Seize Control Of Entire US Financial System

Today acclaimed money manager Stephen Leeb stunned King World News when he warned “if the Chinese were ready right now to seize power, they could probably take control of our financial system today.”  Leeb also discussed the frightening implications of this for the United States as well as where the US is headed from here.

Leeb:  “I am focused on the chaos in Washington.  We need a situation where the politicians form some sort of cohesive unit that would suggest they are interested in growth and the well-being of the American people, but that doesn’t exist.  Frankly, I’m angry.  I’m an American.  I have kids that are growing up here, and as I said, I’m really, really angry about what is transpiring….

“I see what is happening as the beginning of the end.  I also continue to see what is taking place as a tremendous gift to China.  We are just giving power to China — just handing it over to them.  It’s as if we lost a big poker game to China, or we are in the process of losing. Continue reading

Putin – The Russian, German, Chinese Connection & Gold

With gold and silver consolidating recent gains, today acclaimed money manager Stephen Leeb spoke with King World News about some extraordinary moves that Russian leader Vladimir Putin is now involved in, and how it will impact the gold market.  Leeb also discussed China, silver, Europe, Japan, and what investors should expect in the commodities markets in the future.  Below is what Leeb had to say in this powerful interview.

Leeb:  “Eric, I’m focused on what is happening in Europe right now.  After 6 consecutive negative quarters of GDP growth, Europe appears to be turning around a bit here.  I think this is extremely significant because if you go back to 2011, commodity prices started to decline on the heels of weakness in the European economy.

Because Europe is the largest economic bloc in the world, this upturn in their economy has put not just a bid under gold and silver, but commodities across the board.  As I mentioned last week, when you read the mainstream media you get the impression that China is broke, and that some sort of cataclysm is getting ready to crush the economy…. Continue reading

China Preparing To Impose Bretton Woods II Gold Standard

With continued volatility in the gold and silver markets, today acclaimed money manager Stephen Leeb told King World News the Chinese accumulated a remarkable 1,500 tons of gold last year, and they are preparing to demand a second Bretton Woods type meeting.  This is a stunning interview because it lays out how the bulls will win the gold war, and how China will force that victory.  Here is what Leeb had to say in this exclusive interview, which is his most powerful ever:  “The flow of power and gold is going from West to East.  China may have accumulated a staggering 1,500 tons of gold last year alone.  China’s growth is now picking up steam as well.  What is really stunning is how much the yuan has increased in terms of international transactions.” Continue reading