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RE: China Delivers Knockout Blow to Petrodollar.
With the Feds unable to raise interest rates and unable to dump their balance sheets when they bought up all the loans, the IMF is now looking at SDR's.
I still say we are going to a gold backed currency, gold will be used as one way to value a countries money, and It will give China a great boost, they have been acquiring it over the last many years, in not so sure quietly, everyone knows this, but it has been ignored by the business news and financial markets.
Just seeing how Gold and Silver has been held down yet it is being hoarded by governments , countries and so if it's good enough for them to stack it it's good enough for me too, silver has to be the most undervalued asset . Great video!!
@buster544 Thanks. A gold standard would make money neutral again and not a political instrument. Let's hope it happens.
Money will never be neutral