Re: Mind's Eye The new Chinese gold standard

Apparently. .  But the old definition of politician was at one time professional  liar.

تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others

-----Original Message-----
From: Molly <mollyb363@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 29 Mar 2015 9:09 PM
Subject: Re: Mind's Eye The new Chinese gold standard

I don't trust them either, no reason to. But there are countries signing on to their new banking system and it seems that it is becoming a major global economic factor. Or is it?

On Sunday, March 29, 2015 at 2:07:26 PM UTC-4, Allan Heretic wrote:

I know.. when it comes to what the Chinese are involved in my experiences have not been good.
When it comes to my trusting someone I look at action rater than words.. one also needs to examine  what was written  in the Chinese  little  red book. There is a lot that leaves me questioning and not willing  to jump on the band wagon.

تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others

-----Original Message-----
From: Molly <mollyb363@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 29 Mar 2015 7:44 PM
Subject: Re: Mind's Eye The new Chinese gold standard

The establishment of the new Chinese banking system was all over the talking head conversation this morning here. I do wonder what it will mean to the price of precious metals, how our banking systems currently operate, how (what little) life savings are effected.

On Sunday, March 29, 2015 at 11:07:53 AM UTC-4, Allan Heretic wrote:

China has been on a market domination course for years now.. their flagship  internet market I have use them in the past. . The products did arrive as scheduled. . But of the 5 things I ordered none of them were of good quality.. an a scale of 1 thru 10 they all came  under 3 or less.. I no longer even look there..
Corruption has run rampant  through out China.. and big name down  are falling. Questions keep coming up. Will it last.. there is a lot of doubt in my mind. When it comes  to gold there is a lot of judgment that seems to be lacking.. now combine corruption with poor judgment you have a brew headed for destruction.

Now that seems to fit well with the political  direction of the world today . Just to perfect of a  fit.

تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others

-----Original Message-----
From: Molly <mollyb363@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 29 Mar 2015 3:28 PM
Subject: Mind's Eye The new Chinese gold standard

The new Chinese bank established with a gold standard is gaining momentum on the international stage. How will this effect the world economy? These quotes from Bloomberg:

China's clout has been expanding for decades, as its rapid growth allowed it to snap up a rising share of the world's resources, its exports penetrated global markets, and its bulging financial assets gave it power to make big individual loans and purchases. Now, the creation of international lending institutions is leveraging that economic influence closer to the political and diplomatic arenas, as U.S. allies defy America to back China's initiative.

 

"This is the beginning of a bigger role for China in global affairs," said Jim O'Neill, U.K.-based former chief economist at Goldman Sachs Group Inc., who coined the term BRICs in 2001 to highlight the rising economic power of Brazil, Russia, India and China…

 

Chinese President Xi Jinping's vision of achieving the same great-power status enjoyed by the U.S. received a major boost this month when the U.K., Germany, France and Italy signed on to the Asian Infrastructure Investment Bank. The AIIB will have authorized capital of $100 billion and starting funds of about $50 billion.

 

Canada is considering joining, which would leave the U.S. and Japan as the only Group of Seven holdouts as they question the institution's governance and environmental standards.

 

China, flush with the world's biggest foreign-exchange reserves and anxious to convert them into "soft power", is building an alternative architecture. It has proposed not just the AIIB, but a New Development Bank with its "BRICS" partners—Brazil, Russia, India and South Africa—and a Silk Road development fund to boost "connectivity" with its Central Asian neighbours…

 

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