China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

In a shocking move, likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible to or from US Dollars. _________________________________________________ The new Yuan, which will be gold-backed, will be introduced next Tuesday, April 19, 2016.  China decided to make the Yuan a more reliable currency when the International Monetary Fund (IMF) agreed to add it to the list of world currencies used for Global Reserves and International Trade. China has…

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Deutsche Bank admits to Silver and Gold Price Rigging

Deutsche Bank admits to Silver and Gold Price Rigging

Wow!  Things are about to get heated up in the precious metal world, folks! I was just posting yesterday about how China has been hoarding gold for years in anticipation of the Yuan being backed by the precious metal.  Yesterday China announced that they would not allow the fiat US currency to be traded for their new gold-backed Yuan.  (See the article here:  http://victuruslibertas.com/2016/04/china-gold-backed-yuan/)  We knew that would bring the US Dollar to it’s knees and…

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Serious Silver Shortage

Serious Silver Shortage

According to the DollarVigilante, physical silver is becoming scarce worldwide for purchase.  I have been following Jeff Berwick, of the Dollar Vigilante, for a while now, and I find that he is very accurate on his financial predictions.  He has spent much of his life traveling abroad, to over 100 countries, collecting information to help him understand global finances.  I trust his advice.  Here’s his advice as of September 9, 2015: “At some point in the…

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