Does China Have An Option?

By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com

As an addendum to yesterday’s writing, today we should tie together the new alliances and what appears to be Western defections toward the East.  Just overnight, Australia also applied for membership to the Asian Infrastructure Investment Bank (AIIB), a U.S. rebuke is sure to follow, who is next?  With this in mind, it is my belief the Chinese will be the key player in the gold market and the “pricing” of gold in the future.  In turn they will gain even more financial strength because of the massive amounts they have already accumulated.  As a side note, do you believe it is by mistake China is now the largest gold producer in the world?  I think not.  I will give you my theory first, then work my way toward supporting it.

Continue reading

The End of the Dollar Standard

cropped-bob-shapiro.jpg   By Bob Shapiro

The Eurozone can be thought of as a 2-tier confederation. The northern countries have stronger economies, have trade surpluses, and have lower debt to GDP. The southern countries – often referred to as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) – have been in and out of economic crisis after crisis for many years.

A few years ago, I was in preliminary contact with the government of Portugal. I prepared a 24 page report for them outlining how they could reverse the tailspin that the country was in.

One feature of my plan was for them to build up their holdings of Gold

Continue reading