Russian Bank Plans to Sell 15-20 Tons of Gold a Year To China.
Russian and China Increase Gold as a Percentage of Their Foreign Reserves.
I spoke with Rory Hall of the Daily Coin yesterday. Please have a listen and look at the show notes and charts below:
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Russia has added about 85 more tonnes of gold to its reserves than China from August 2015 – August 2016.
Topics discussed:
- The Fed’s credibility regarding rate hike threats;
- Donald Trump’s view on the Fed’s interest policy;
- Fed intervention (pre bailins, buying equities, bonds) and the impact on the stock market;
- the CME/COMEX Central Bank volume trading discount for foreign central banks; and
- what happens post collapse, who controls the markets after a market collapse;
- China’s inclusion into the SDR.
- the role of China in the global financial system;
- the Russian Chinese Alliance and Russia’s plans to sell gold to China;
- the SDR system;
- the impact of adding gold to the SDR and fixing the price of gold (gold becomes a government fixed priced commodity- “freedom in your pocket” goes away);
- China’s one belt one road project;
- globalization vs nationalism, centralization vs de-centralization; tarrifs? and the impact of Donald Trump regional economies and currencies;
- the future of the dollar as the world’s reserve currency;
- manufaucturring in the United States and China; the speed in which a country, especially a totalitarian one, can establish a manufacuring base; and
- Financial vs. manufacturing economies.
The recent addition of the Chinese Yuan to the SDR came at the expense of a substantial reduction in the Euro’s weighting.
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