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Personally I suspect all of these official figures. The unofficial speculation isn't much better either. The theme is something like, "The PBoC secretly buys go

Personally I suspect all of these official figures. The unofficial speculation isn't much better either. The theme is something like, "The PBoC secretly buys gold to avoid driving prices higher", "Fort Knox is empty! They've been dumping to suppress the gold price" and one of my personal favorites, "The London bullion market is is rigged. Unbacked paper gold is used to suppress prices. When you ask for delivery, you can only get the currency equivalent". None of this is impossible. I find it all interesting, but it is worth noting that it is heavily biased. The PBoC secretly has more gold than stated while the west is secretly bankrupt. A gold backed CNY will emerge as the new dominant currency. Also of interest is the emergence of the BRICS as an acronym dates back to 2001 at Goldman Sachs. There's definitely more than meets the eye and the official numbers are suspect, but the alternative numbers are speculative. Not to say that I don't find the fringe theories interesting. I just find it hard to believe either side. For me the de-dollarization hype is too orchestrated. Meanwhile the Peter Zeihan theories are too neat and tidy. https://www.goldmansachs.com/our-firm/history/moments/2001-brics.html https://www.goldmansachs.com/our-firm/history/moments/2001-b... http://www.goldmansachs.com/our-thinking/archive/archive-pdfs/build-better-brics.pdf http://www.goldmansachs.com/our-thinking/archive/archive-pdf... https://www.gata.org/node/20925#:~:text=Why%20have%20Western%20central%20banks%20been%20rigging%20the%20gold%20market%3F https://www.gata.org/node/20925#:~:text=Why%20have%20Western...

tastyfreeze 3y ago
I am more in the orchestrated collapse to centralize power camp. The Federal Reserve was created with the intent to centralize power in the hands of the bankers despite stated goals. We are 110 years running under that regime. After a 110 years working towards a goal the ability to orchestrate on a global scale could be quite extensive. I am with you on being dubious of official numbers though. We really have no idea who is telling the truth and who is fudging numbers. I believe that people with a goal to build their power will lie, cheat, murder, and steal to accomplish that goal. If some countries collapse or a genocide is committed in the process they do not give a shit as long as their power is retained.

tastyfreeze 3y ago

I am more in the orchestrated collapse to centralize power camp. The Federal Reserve was created with the intent to centralize power in the hands of the bankers despite stated goals. We are 110 years running under that regime. After a 110 years working towards a goal the ability to orchestrate on a global scale could be quite extensive. I am with you on being dubious of official numbers though. We really have no idea who is telling the truth and who is fudging numbers. I believe that people with a goal to build their power will lie, cheat, murder, and steal to accomplish that goal. If some countries collapse or a genocide is committed in the process they do not give a shit as long as their power is retained.