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Malaysia Bullion Trade News

US Dollar Death Guarantee

July 3, 2015
perpetualassets.com
 
By Jim Willie CB, editor of the “HAT TRICK LETTER”
 

 
The USDollar is on a collision course with imminent death. It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the USDollar treads, limps, and struts proudly, dangerously, and abusively, suspended by numerous false cables and tethers. The USDollar cannot be sustained in its current form or on its present course. The abuse of its management and stewardship will be told in history books (possibly with certain chapters scribed by the Jackass). The aggressive defense of the USDollar includes criminal activity on a widespread scale never witnessed before. It is a veritable global money war, not so much a global financial crisis. The system, centered upon the USDollar, is collapsing under its own insolvency and corrupt underpinnings amidst the din of war. The truth is almost nowhere to be seen. The USGovt is demanding that allies support the global currency reserve, even though doing so guarantees a financial structure collapse and an economic breakdown. The safe haven is Gold & Silver, in the form of bars & coins, kept secure outside all nations that speak English, and outside nations that are closely allied with the USFed and USDept Treasury which operate like a vast crime syndicate.
 
Read More @Original Source

China plans to launch Yuan gold fix by end of 2015

June 30, 2015
mineweb.com
 
By A. Ananthalakshmi (Reuters)
 

 
China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing.
 
The first public confirmation made by an exchange official comes after Reuters cited sources in February on the proposal for the fix to be set through trading on the SGE, the world’s biggest physical bullion exchange.
 
“We will be introducing a renminbi-denominated fix at the right moment, we are hoping to introduce by the end of the year,” Shen Gang, SGE’s vice president, said at the LBMA Bullion Market Forum in Shanghai on Thursday.
 
Shen did not give more details, but sources familiar with the matter have said that China is expected to receive central bank approval for the fix soon.
 
Read More @Original Source

Central Bank of Central Banks Says “The World is Unable to Fight Next Global Crash”

June 30, 2015
shtfplan.com
 
By Mac Slavo
 

 
According to the Bank of International Settlements (BIS), the shadowy “central bank of central banks,” the world as it stands is incapable of combating another global financial crash – a crash that there is every reason to think is coming.
 
That’s because the economy remains in the hands of the Federal Reserve and other central banks. The financial wizards in THIS VIDEO went so far to say that “we are all slaves to the central banks.” It wasn’t exactly hyperbole.
 
According to the BIS, central banks have already “used up their ammunition” by driving interests to below zero, freezing investment for the important stuff like production and infrastructure, and instead fueling huge bubbles for wonder kids on Wall Street to play in.
 
Read More @Original Source

Out of Order: Thousands of ATMs have been Cleaned out In Greece

June 29, 2015
activistpost.com
 
By Joshua Krause
 

 
As the talks between the Greek government and their creditors slowly falls apart, the citizens of Greece are busy preparing for the worst. They don’t want to be caught off guard like they were during the last economic crash, and they certainly don’t want to end up like the people of Cyprus, and have their hard-earned savings arbitrarily taken from them.
 
So they’re doing everything they can to insulate themselves from the potential collapse of their financial system, which largely includes taking their money out of the system. Earlier today, sources in the banking industry told Reuters that over one-third of the ATMs in the country, have been completely cleaned out. Between 500 and 600 million Euros were withdrawn from the machines on Saturday, which managed to deplete over 2000 ATMs. Despite the alarming trend, the Greek government has claimed that everything is just hunky dory, and that there will be no capital controls imposed on bank accounts next week.
 
Read More @Original Source



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