The Red Dragon's Secret Plot to Dump US Dollar

"The Dot Com Bubble...The Subprime Mortgage Crisis...and Skyrocketing Gold's Price!"

Now

"Prepare yourself  for one of the most diabolical threats to your wealth so far. -Doug Casey-"

source: globalpoliticalawakening.blogspot.com

Casey Research made a presentation about why Gold value increased vastly in the last decade and why it should be taken seriously. The report titled China Secret Plan to Dump the US Dollar

It started in 2003

Chinese Communist insider was worried about their massive holding of 403 billion in US$
almost 25% of Chinese GDP

Because U.S government:

•  Spending $404,000,000 on military budget triggered by the 9/11
•  Federal printing presses are working at warp speed, result in BILLIONS in inflation-feeding bailout Dollars. A Careless monetary policy
• Has $3,900,000,000 of U.S National Debt

At a news conference, the Chinese Premier Wen Jiabao stated: "We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried."

Chinese economist forecasted that the US government were leading their currency to the path of destruction.

So, China did what any sane investor would do. They devised the plan to protect their assets and investments.

They started with one thousand TONNES of gold.

source: emirates247.com

Recently, China shocked the world by revealing that they controlled 33,890,000 ounces of gold. That is an increase of 75% of Chinese saving in gold over the past 6 years.

And then on the G20 Summit which are held in London, 2009. Chinese, Russians with several of their crony nations have proposed

And then on the G20 Summit which are held in London, 2009. Chinese, Russians with several of their crony nations have proposed:

To DUMP the U.S Dollar as the world's reserve currency

If this happen, the effect will be global. We can't blame all the way to China.

Because, even without Chinese plan, the U.S Dollar has decreased over 20% of its value in the last 7 years.
You can see it clearly on the graph posted. Below is the USD Index against 6 major world currencies.





And, why the Chinese and shrewd investors around the globe are investing in gold?
Because: While gold's price is fluctuating even on daily basis, its purchasing power has endured.