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SPDR Gold Shares Message Board

  • pharmaherooe pharmaherooe Feb 19, 2013 8:12 PM Flag

    Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

     

    paste and copy the headline on google to get the fuul article ..
    ....
    Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
    February 12, 2013

    Russia and China have a tremendous amount of leverage when it comes to energy. What if they got together with a bunch of oil producing nations in the Middle East and decided to set up a system where oil is traded for gold? Would not much of the rest of the world go along with such a system?

    Of course if that happened the U.S. financial system would crash. We would no longer be able to export our inflation to the rest of the globe and prices would rise dramatically. Demand for U.S. government debt would go through the floor and interest rates on that debt and on everything else in our economy would skyrocket. Economic activity would grind to a standstill and the financial markets would collapse.

    And that would just be for starters.

    Most Americans simply don't understand that Russia and China have the power to collapse the U.S. economy by going to a gold for oil system. All they have to do is pull the trigger.

    Sentiment: Strong Sell

    This topic is deleted.
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