The Chinese invented paper. They know its strengths and weaknesses. As a money it is always a disaster over time because its value is eroded by governments printing too much of it. That is happening now with great abandon.
Back in April this year the Bank of Japan took it to a new level with a highly aggressive money printing program. Not by coincidence that is when the gold market was deliberately manipulated lower as a way to disguise this obvious inflationary time bomb.
When will the pigeons come home to roost on this one? It’s already happening with interest rates on bonds rising by the most ever this summer. US mortgage rates have jumped by 25 per cent in a few months and the housing recovery is over in the most recent data series.
Note; fiat currency created by khasarian gypsy king pin Rothschild banksters cult - as a slave 666 currency with only air and paper backing it - beware soon NO ONE want the paper fiat -
is this a test case so more countries can be copycats? -
Poland reduces public debt through pension funds overhaul - (robbing older People of their savings) Wed Sep 4, 2013 12:56pm EDT By Dagmara Leszkowicz and Chris Borowski