When China prepares its « Great Escape » for the end of sum

Started by CrackSmokeRepublican, August 04, 2009, 12:11:43 AM

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CrackSmokeRepublican

August 04, 2009, 12:11:43 AM
When China prepares its « Great Escape » from the dollar-trap for the end of summer 2009

- Excerpt GEAB N°34 (April 16, 2009) -


When China prepares its « Great Escape » from the dollar-trap for the end of summer 2009
LEAP/E2020 believes that the next stage of the crisis will result from a Chinese dream. Indeed, what on earth can China be dreaming of, caught – if we listen to Washington – in the "dollar trap" of its USD 1,400-billion worth of USD-denominated assets? If we believe US leaders and their scores of media experts, China is only dreaming of remaining a prisoner, and even intensifying the severity of its prison conditions by always buying more US Treasuries and Dollars.

In fact, everyone knows what prisoners dream of. They dream of escaping of course, of getting away from prison. Therefore, LEAP/E2020 has no doubt that Beijing is constantly striving to find the means of disposing, as quickly as possible, of the mountain of « toxic » assets which US T-Bonds and Dollars have become, keeping the wealth of 1,300 billion Chinese citizens prisoner.

In any good escape story, the prisoners do not spend their time making announcements that they are preparing to get away. In fact, on the contrary, they tend to avoid arousing their guards' vigilance. According to our team, the Chinese declaration of March 24th asking for the replacement of the US dollar by an international reserve currency was both a "testing of the waters" and a warning: a direct poll to make an assessment of the forces at work (within the G20 in particular) when it comes to moving to a post-Dollar era (1), and a constructive and destructive (depending of the reaction to the previous idea) warning sent to the various global players. A responsible player (and Beijing is one) must send discreet signals to the other players likely to follow or help "planning the job". The preparation (2) and implementation of a « Great Escape » (3) requires the collaboration of several partners and no one who would have been willing to co-operate must end up in trouble because he was not informed (4).
http://www.leap2020.eu/When-China-prepa ... a3582.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

kolnidre

#1
August 04, 2009, 12:23:38 AM
Aw fuck. I'm not rolling in cash, but I'm getting me some renminbi.

It's interesting that with these actions China helps itself a bit while also playing into the hands of the internationalists by calling for and perhaps ultimately implementing a solution that further concentrates power and control.
Take heed to yourself lest you make a covenant with the inhabitants of the land whither you go, lest it become a snare in the midst of you.
-Exodus 34]

CrackSmokeRepublican

#2
August 04, 2009, 09:42:34 PM
What's really curious is that the Shanghai Index has had a 70+% point move recovery thanks to the P. Bank of China dumping money in their stock markets.

The stock markets have rallied thanks to a lot of cheap loan money pouring in from all of the world's central banks.  But this is probably just a set up to another great fall later.

http://www.safehaven.com/article-14101.htm
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

hurensohn

#3
August 05, 2009, 05:19:36 AM
Why would you want to buy one kind of toilet paper instead of an other kind?
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