Beijing has been preparing for a very long time for a future without the dollar. I have reported in the past that China has been co-operating with the Federal Reserve and the Bank of England to suppress the price of gold and silver to make the dollar and the pound appear to be healthier than they really are. The Chinese government is as corrupt as anything you will see in Washington or London. Take a look at this picture of smog in Beijing. The cities of China have particulate matter in their air 40 times UN recommendations. China has incompetent leadership and will soon need its dollar reserves to solve its domestic problems. They can buy all the oil and food they need for their people and cover all their bad investments by dumping those US Treasury bonds. Of course then they can quadruple the value of their gold investments by refusing to accept the US Treasury bonds they just sold. This would collapse the dollar and cut real American wages in half.
The chart below is from the Real Asset Company. It shows how strong the financial position of the Chinese Communist Party is. The Chinese announced in 2009 that they had more than 1,000 tons of gold reserves. They produce more gold than any other country. They have bought 2 billion dollars in gold mines overseas. They report a thousand tons of gold imports from Hong Kong but not from any other cities. Yet they still claim they have not increased their holdings of gold in 4 years. They must have at least 7,000 tons of gold. The Swiss financial analyst Egon von Greyerz said that the London Bullion Market Association (LBMA) will soon run out of deliverable gold. That will be the end of the dollar and the pound. I believe this transfer of wealth from the West to China was by design. I must remind you that Lindsey Williams’ billionaire oil friend said, ‘The dollar will not collapse until Obamacare goes live.’
The second city we need to take a look at is Athens. Zero Hedge reports the number of corporations that have fallen behind on their taxes soared from 182,785 to 526,477 in one month. Last year there were doctors and nurses who worked long hours for months but were not paid. Things have since gotten worse. But the Greek stock market is up. John Paulson who is Jewish is making tons of money from his purchases in the Athens stock market. The European Union is a Rothschild project. Athens is a case study in Talmudic government. George Papandreou, the former Greek Prime Minister, is Jewish. He turned the country over to Goldman Sachs and the Rothschilds. His mother had a 550 million euro ($741,120,000) Swiss bank account. His brother bought an island for more than than 500 million dollars.
Our title is a Tale Of 2 1/2 Cities. Fresno California (200 miles or 320 km north of Los Angeles) had a population in 1940 of just over 60,000. The entire state had a population of 7 million 73 years ago. Today Fresno has 510,000 people and is broke. Zero Hedge reported: ‘In the past four years, the city reduced its workforce by 1,200 people—a 29% cut. The police department lost 426 employees, or 30% of its staff. Residents are encouraged to go online to report nonviolent crimes such as auto thefts and break-ins.’
Obamacare will wipe out state and local tax collections. Few people will have any disposable income after they pay their greatly increased insurance premiums and pay for their deductibles. Half of the people will have to pay those $3,000 to $5,000 deductibles with credit cards charging them 29.9% or more. If Amnesty is granted to an estimated 30 million illegal aliens, Fresno and thousands of cities and and counties will be swamped with demands for welfare.
Impossible situations cannot last. All that keeps America, Europe and Great Britain going is Money Printing. Sooner or later we will all hit the wall. It will be much sooner if Obamacare is implemented in January of 2014.
References: This first article explains one exit strategy from our problems.
How And Why An American Military Coup Could Save The World
This article explains how we are being abused by the aristocrats of Wall Street.
Catherine Austin Fitts On Genocide And The Looting Of America
Video: Lindsey Finally Says When The Dollar Will Collapse.
Video: GMO Ticking Time Bomb, The Bankers Want You Sterilized And Then Dead
Updated 2013 Bilderberg Annotated Members List