Topic: BTC China launching a new feature?! (Read 1169 times)
Craploads of Yuan flying into BTC at this time... http://www.fiatleak.com/
Quote
3/10/2014
http://www.examiner.com/article/rumors-abound-of-gold-theft-by-u-s-from-ukrainian-vaults
[...]
Both the U.S. and London are incredibly short of physical gold, as seen last December when the U.S. was unable to deliver the 42 tons it promised Germany in 2013 to satisfy their seven year plan of gold reclamation back to its original owner. Additionally, one well documented scandal concerning J.P. Morgan Chase and a potential default stemming from the $100 Billion London Whale bet, led the bank to have to sell their Wall Street headquarters to a Chinese conglomerate because the loss was collateralized by gold they didn't own.
http://www.examiner.com/article/rumors-abound-of-gold-theft-by-u-s-from-ukrainian-vaults
[...]
Both the U.S. and London are incredibly short of physical gold, as seen last December when the U.S. was unable to deliver the 42 tons it promised Germany in 2013 to satisfy their seven year plan of gold reclamation back to its original owner. Additionally, one well documented scandal concerning J.P. Morgan Chase and a potential default stemming from the $100 Billion London Whale bet, led the bank to have to sell their Wall Street headquarters to a Chinese conglomerate because the loss was collateralized by gold they didn't own.
Quote
"The rehypothecation of official gold accounts has entered a new phase. The gold owned by defenders of the Petro-Dollar is being seized, confiscated, pilfered, and stolen for the unspoken purpose of continuing the fiat paper currency regime with the tainted debauched USDollar at the center. The Saudi gold in London will be totally gone in a few more months. To be sure, it is going mostly to China. The Saudis are being gutted." - Jim Willie, Golden Jackass
Dr. Jim Willie has a Phd in statistics.
Anyway, his understanding of the currency war is the same as what I have understood:
1: China has hedge funds way over leveraged through secret fake front corporate trusts and UK based lawyers connected to LIBOR intra-banker scamming.
2: China secretly has more gold, while also fielding gold backed exchange and calling in their gold ETFs held in step 1.
3: This causes planned default of COMEX gold ETFs and all FOREX trading.
RECALL that when this happened with the potato market collapse in the 1970s, the Americans didn't really notice a blip in french fries just because somebody tried to squeeze or corner the potato markets. So, a lot of the death and rebirth of markets, is to replenish the same old pig trough of debt and bankers. Farmers and miners will continue to do what they do. Well, unless miners and farmers become targets themselves, which, sadly, seems to be obviously one part of the future conversation we all need to have.
Cryptocoin breaks through all that. It is truly divine. But, even more easily stolen. Good question though: Which can be tracked down faster? 200,000 stolen/lost BTC or 200,000 lbs of gold? I think the best thing tho, is 200,000 lbs of rice because that makes grannies and kids happy. Typically bankers and financial dickheads do not think about them.
Perhaps they are getting ready to accept USD exchanges... into a gold backed Yuan.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Crypto coin in the slump.
When do they expect to announce ?
In terms of Jim Rickard's analysis, it is already happening with massive US Treasury dumping having begun now.
If either China or Russia monetize their state currency in terms of gold, they would have to reveal their lying as to amounts of gold. So, it's kinda of a game of chikun, haha.
Anyway China has an interest at the party level to keep fiat money and NOT link to gold. But, if Russia and China are being pushed to give up Sevastopol and the China Sea, well, they will probably rather just go back to back and fight WW3 then sort their own differences out later. Who knows?
The whole Goxcoin thing kinda makes sense as a pre-War act because during dfog of war, those coins will never be found but they CAN be used for funding armies, haha, a billion dollars in cryptocoin stolen from BTC walletbag thefts x100 when BTC goes ballistic is worth more than most nations. 1 billion today stolen is 1 trillion tomorrow when cryptocoin is pegged to a revalued gold trade. Oh and there would have to be a separate dollar, the old dollar would have to be laden with the debt and eventually ditched. --There is precedence for this of course, when the USSR collapsed in 1991 they said 50 ruble and 100 ruble notes were suddenly being phased out in one week and you had one week to take way lower % on your rubles. So if gold revaluation happens, then yes, bitcoin in yuan as a world gold currency would fly high I bet. But, the authorities in NATO economic block would probably just try prevent Yuan from being traded, which again, is good for cryptocoin users.
The public are not prepared for money wars, but the cryptocoin users are well positioned. Also get some rice because that also has historically served as money.
Anyway, I am just semitrolling because I am sure their announcement is something simple and benign like accepting Mastercard or something.
edit
Quote
http://www.examiner.com/article/as-the-eu-prepares-for-sanctions-russia-threatens-to-put-oil-on-a-gold-standard
[...]
However, like with the Syrian crisis of last September, Russia is quickly retaliating with their own economic threats, and one major action that they could undertake as a response is to discard the Petro-Dollar and demand physical gold as payment for energy purchases in both oil and natural gas.
Just as the Iranians did under U.S. sanctions just a few years ago.
[...]
Should Russian foreign exchange reserves and bank assets be frozen as is being suggested, then Russia would likely respond by wholesale dumping of their dollar reserves and bonds.
In retaliation, Russia could opt to only accept gold bullion for payment for their gas, oil and other commodity exports. This would likely lead to a sharp fall in the dollar and a surge in gold prices.
[...]
However, like with the Syrian crisis of last September, Russia is quickly retaliating with their own economic threats, and one major action that they could undertake as a response is to discard the Petro-Dollar and demand physical gold as payment for energy purchases in both oil and natural gas.
Just as the Iranians did under U.S. sanctions just a few years ago.
[...]
Should Russian foreign exchange reserves and bank assets be frozen as is being suggested, then Russia would likely respond by wholesale dumping of their dollar reserves and bonds.
In retaliation, Russia could opt to only accept gold bullion for payment for their gas, oil and other commodity exports. This would likely lead to a sharp fall in the dollar and a surge in gold prices.
edit #2
Quote
Since Feb. 28, the day unidentified soldiers took control of Simferopol Airport in southern Ukraine, Russia’s 19 richest people have lost $18.3 billion, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 richest wealthiest people.
Perhaps they are getting ready to accept USD exchanges... into a gold backed Yuan.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Crypto coin in the slump.
When do they expect to announce ?
This EO can easily be seen to allow full confiscation of anything in rubles or affecting outflow of funds from US Treasury as they determine. Sure it's ostensibly against Russian oligarchs like who got robbed by Cyprus banks. But, I could easily see cryptocoin being desired/hated by the FBI/Treasury.
Either for wanting more coin or for shutting it down to stop ruble/USD flows, if the Yuan goes gold backed (say China has secretly lied about gold reserves --they surely have more) you can expect full prosecution of anyone using cryptocoin. War economy cannot allow capital outflows, that is a historical fact.
http://www.whitehouse.gov/the-press-office/2014/03/06/executive-order-blocking-property-certain-persons-contributing-situation
Either for wanting more coin or for shutting it down to stop ruble/USD flows, if the Yuan goes gold backed (say China has secretly lied about gold reserves --they surely have more) you can expect full prosecution of anyone using cryptocoin. War economy cannot allow capital outflows, that is a historical fact.
http://www.whitehouse.gov/the-press-office/2014/03/06/executive-order-blocking-property-certain-persons-contributing-situation
Perhaps they are getting ready to accept USD exchanges... into a gold backed Yuan.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Total and complete money wars in 3.. 2...
Prepare for cryptocoin to go ballistic if that happens, because non gold backed fiat will be exited. Money will flow into BTC and cryptocoin because BTC will then be gold backed, essentially.
Maybe a lending feature.
It won't be another coin , they just added litecoin. It's probably the ability to deposit/withdrawal usd.
Ripple deposits / withdrawals?
ANother coin getting added to exchange / atlcoins?
Another coin?
USD deposit/market?
USD deposit/market?
I wonder if it'll be anything NEW or EXCITING!
Maybe something related to exchanges to protect the customers what else it can be lol !!!
What feature ?
Just read BTC China's new tweet that they will be releasing a new feature soon! Anybody has any idea on what it is? Since they've already launched LTC trading 2 weeks ago.
Jump to: