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China dumping worthless dollars & buying Gold bullion

China dumping worthless dollars & buying Gold bullion

Naysayers and Doctors of doom were busy stating that all Hell was breaking loose in China.  What many of these penguins failed to understand or even realise is that there are many reasons China’s reserves were dropping.

Despite all this noise, reserves rose to $3.21 Trillion, that is $3.2 trillon more than bankrupt US has or will ever have. all the U.S is good at is doing nothing but printing boatloads of money to support its gestapo regime.

“The flip side is if we see the dollar strengthen again later this year in anticipation of a Fed rate hike, capital outflows could return,” Hu said. “This year will be very choppy.”

[color-box color=”orange”]Mr Hu, you are on crack, there is no way in Hell the Fed is going to raise rates, in fact they are going to lower rates at some point as the world has now embraced the era of negative rates.

Must Read: Negative rates here to stay; Currency wars explode [/color-box]

Game Plan 

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