An interesting video passed along to me by a friend a few hours ago..I'm still mulling it over but I thought I'd toss it up on the board to see what
IMHO this is worth 8 minutes of your life. In the video, Jim Rickards, who has been an advisor to the Pentagon and the CIA, discusses how a possible
currency war between the US and China could unfold. He admits it is an extreme scenario, so don't take it as the gospel truth. It's just one
particularly ugly way things could unfold.
In the simulation, America is hit simultaneously by high tensions in the middle east and jittery market conditions. A web of Chinese "sleeper
accounts" in offshore havens has been stockpiling gold futures, and suddenly demands physical delivery far beyond what COMEX or anyone else can make
good on. In an emergency move, the US steps in to order a halt to physical delivery. China retaliates by dumping mass paper holdings of US securites
on markets, causing a global financial contagion to take place...and the rest you can watch for yourself.
The scenario is nuanced and involves multiple prongs, such as cyber-war attacks by both nations and Israel-Iran tensions. Mr. Rickards is a fast
talker and packs a lot of info into this relatively short vid. Definitely recommended.
edit on 6/24/2013 by silent thunder because: (no reason given)
Worth watching and interesting scenario indeed...! One would be wiser still to invest in gold on this current dip, gold has always been of value,
paper money not so much. Does this mean I should invest also in Chinese government bonds?! Just teasing. I do think the whole fiat monetary scam
system will come crashing down sometime or another, but I think China will be in for just as hard of a time, they will never get the gold in
Rothschild vaults, never ever. Plus, who are they going to export all there crap to?!
The "markets are all falling apart at the seams....
The "trading has gotten more like a betting pool than serious business.
The essential function of the stock markets has been overwhelmed with complicated phoney papers of differing kinds.....
It seems that every truly major war involves the introduction of new wepon technologies that fundamentally alter the nature of warfare and separate
the winners from the losers. The Mongols revolutionized the way horses could be used, and overran most of Eurasia. At the Battle of Agencourt, the
longbow was used for the first time, annihilating the old-fashioned crossbow users. We got "Total War" with Sherman's slash and burn tactics in the
US Civil war. WWI introduced trench warfare and chemical warfare, as well as the airplane as a weapon of war. And of course we got the ultimate weapon
- nuclear bombs - in WW II.
I have no trouble believing tha cyber war and financial war represent similar turning points in the 21st century. Those that can adapt will flourish,
those that cannot will learn new and ugly forms of pain and disruption.
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