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Friday, 03/07/2014 8:26:59 AM

Friday, March 07, 2014 8:26:59 AM

Post# of 19517
r.r. steps in:

I note that China is doing two things: it is building up its gold reserves, and it is building up its military. Furthermore, I believe China is getting ready to make its currency, the yuan, convertible. I've been saying this for years, and I'll say it once more: China is preparing to make the yuan the world's next reserve currency. And I'll ask this question once more -- would you rather own a yuan which is backed by gold and a powerful military, or would you rather own a dollar, which is backed by debt and a shrinking military?
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