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Old 09-11-2009, 04:08 PM   #8
Northern Boy
Avalon Senior Member
 
Join Date: Oct 2008
Location: On this Rock
Posts: 1,390
Default Re: China now calling for ITs GOLD!!!!

MNTS for years the Fed and Treasury used China as a way to dispose of Junk and bad debt they package stuff up and sell it to China and China knows the U.S. is in trouble . They know that if they continue to buy the garbage the U.S. sends them then the U.S. can call the shots they also know their biggest customer of product consumption is that same market it now becomes a matter of how hard they are willing to bite the hand that feeds them. They are in a position to sever the Dollars head but at the same time they know it will hurt them too.

There is not enough gold out there to cover all the paper gold that has been sold another reason why building seven came down and 85% of the gold never recovered that was under it and for the Insurance money
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