China Plans New Gold Futures Market

It should be obvious to most people that the Western banking system is currently in the hands of a tiny group of psychopaths who manipulate markets , organise crashes & use financial terrorism against other countries . Money has long been used as a weapon on the global chessboard and it is always the regular people that suffer whilst ‘they’ themselves gain . It is no secret that the Western banking cartel was formed on the back of slavery , opium trafficking & war . This puts emerging economies is a difficult position , do they align themselves with the traditional banking cartel & opt for subservience & slavery ? Or do they fight against it and leave themselves open to ‘sanctions’ , bombing , terrorism & invasion ? It is a risky question for many smaller countries who can be picked off using the dual instruments of financial sanctions & military muscle .

silk-road-coinChina has decided that there is another option , which is to create rival trading markets which gives them more control over their own cash & therefore more importantly control over their own domestic policies . The introduction of new trading platforms based on the yuan is part of China’s Belt and Road Initiative .

The new gold trading contract proposed by China is markedly different to the cartel controlled FIAT system in that contracts have to be settled by physically proven gold . At the moment the cartel based system can be settled in US dollars which like most paper currencies can be created out of thin air . Moreover the new contract will allow trading not only in US dollars but also the Chinese yuan , specifically the offshore renminbi . The new contract is expected to be introduced this year by the Hong Kong futures Exchange (HKEX) . Coincidentally (or maybe not) the timing is 20 years after the UK ceded Hong Kong back to China , which the establishment stole from China for having the audacity to fight back against heroin trafficking during the Opium Wars .

China is currently the largest producer of gold in the world , so this step could potentially give the Chinese government more control over the spot price . At the present time the spot price can be artificially raised or lowered at will by manipulating the markets . The crooks and fraudsters that control international finance are able to trade anything and everything , in the past it was purely to satiate their greed , in modern times it is used to feed their craving for control . Another factor underlying the new contract is that China could increase trading levels in their own currency as opposed to the dollar , in the longer term this could be a small step towards the yuan replacing the dollar as the dominant global currency .

No doubt the banking cartel will be spooked , they feel that they own the worlds money & by default any population or country that uses ‘their’ money . I suppose if you use the UK establishment and also the hierarchies of many other countries as a datum then this is a given . Of course there are many more factors to take into account when trying to establish currency domination , for China it is mainly it’s massive export market & large foreign US debt holdings , not to mention current restrictions on it’s currency . The IMF which describes itself as the ‘World’s Bank’ is of the opinion that the renminbi will not be allowed to dominate , that is until they allow it to .


A possible future global currency ?

If the Chinese yuan does start to supercede the dollar as many economists are predicting then there is one thing you can count on , more global instability , more wars & more terrorism . Any country that starts to trade using the yuan (or any other trading system) in the future could well be opening itself to a ‘colour revolution’ or a cascade of bombs , maybe this scenario is already being played out .

Related :

  1. Is China Intentionally Making It Harder To Manipulate Gold?
  2. Hong Kong exchange operator hopes for third time lucky when it comes to gold futures
  3. Hong Kong, London gold contracts to launch by June-July – HKEX chief
  4. HKEX Announces Plan for Physically Settled CNH and US$ Gold Futures
  5. Ditching the dollar: Russia, China to create new gold market

Also related :


  1. Renminbi rising (PDF)
  2. Internationalization of the renminbi
  3. China’s Renminbi Devaluation May Initiate New Phase in Global Currency War
  4. Charts: Who loses when the renminbi joins the IMF basket?
  5. The IMF’s Special Drawing Rights, the RMB and gold
  6. End of empire

Further related :


  1. Largest Private Refinery Discovers Gold-Plated Tungsten Bar
  2. Germany tests US stored Gold, says no Tungsten
  3. Has the Federal Reserve Sold the Gold at Fort Knox?
  4. US Government ‘Lost’ 7 Fort Knox Gold Audit Reports
  5. Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
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