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Chinese Take-Out (of USEconomy)

By Implode-Explode Heavy Industries

``The trade war has blossomed from import & export of goods & products to the financial sector. The resentment over currency manipulation has a backfire. China is heavily motivated to purchase Gold and to convert reserves to Gold. They are using USTreasury Bonds to buy Gold. They are fast exhausting the available supply of gold bullion, the real tangible physical version with inherent value. They are encouraging the Chinese population to buy gold in any form, relaxing the rules. At the same time, they are playing the Wall Street and London corrupt rigged game. They are using USTBonds to purchase layers of indexes futures contracts in gold. So as they buy up gold bullion, they pack underneath layers of long contracts at slighly lower prices.''

Full post as published by Mortgage Lender Implode-o-Meter on December 18, 2010 (boomark / email).