Loading ...OK, what do I think “happened” three weeks ago? I believe the day finally came where China did not receive gold delivery. I say this because Shanghai all of a sudden has shown zero withdrawals since then. For the last 10 days I have been calling events “financial war” but did not connect why or why now? My theory may be all wrong, or, it may be right on the money. If it is wrong, the day of defaulting on delivery will come because the simple math says so. You can only import more than total production only as long as vaults have metal to dishoard. If I am correct, in effect the U.S. just “defaulted” to China. It would also mean our hoard of “power” is gone and so is the façade of financial strength. If correct we should know quite soon by actions in all markets. If correct, our standard of living will collapse into third world status hand in hand with a broken financial system.
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