The US could suffer an economic “Pearl-Harbor-type” event in the coming year.

Keiser Report (via ZeroHedge) –

"China's Gold-Backed Crypto-Currency Will Blindside US$"

_{(Right-click title to see original story)
(Image source)} https://cdn.steemitimages.com/DQmPjAW7VPdBcL7ksenRcoKB1976ASjNKfYXCrJBC6uM2zA/image.png

– Flash Points –

1 – Banksters continue to ask for free money – and get it.
2 – They get cash infusions of free money, low interest rates, and QE.
3 – Without all the free money, the financial system would collapse.
4 – China could easily kill the US$ by opening up a “catastrophic trapdoor”  under the US economy. https://steemitimages.com/DQmTDjQygLGQv4iCp8k2DWp3x7o79Y4zBxGfcTvnLseCTaf/image.png     aka “Bankers”
https://cdn.steemitimages.com/DQmPjAW7VPdBcL7ksenRcoKB1976ASjNKfYXCrJBC6uM2zA/image.png

– Synopsis – 

On a recent edition of “The Keiser Report,”  Max Keiser warned that the US may be facing an economic “Pearl-Harbor-type”  event sometime in the coming year. This time, it would be at the hands of the Chinese. 

The Golden Nail, the Final Nail 

Over the past several years, China has been silently accumulating gold – as many as 20,000 tons. By announcing those holdings, and by introducing a gold-backed cryptocurrency (effectively, a crypto-yuan), China could put a final nail in the coffin of the US dollar. 

Crybaby Bankers  

As Max states, the entire economy is “beholden to … monetary lactation.”  Over the past decade, the only way the “crybaby bankers”  have survived is by getting constant and regular infusions of cash.    _{(Image source)} https://cdn.steemitimages.com/DQmPjAW7VPdBcL7ksenRcoKB1976ASjNKfYXCrJBC6uM2zA/image.png

– Insight from Outside –

The US claims to hold over 8,000 tons of gold. But since it refuses to allow any independent audit of said reserves, that claim is generally doubted.  

Tons of Economic Clout   

On the other hand, China claims to have under 2,000 tons. Its actual holdings, however, are believed to be as high as 20,000 tons. In other words, China is probably far richer than it claims, and it holds much more economic clout than the ever-weakening US. 

Bankrupt Crybabies

For the past decade at least, the bankers have been coddled by Alan Greenspan and his successors at the Fed. Without the years-long infusions of free money into the insanely over-financialized economy, those “crybaby bankers”  and the rest of the 1% would be utterly broke and bankrupt. The effects would ripple throughout the economy.   

_{(Image source)}

https://cdn.steemitimages.com/DQmV6LQ56fzjq2PC6qDF5Dw6CXwyjsQj46hG6mVDPpnn39t/image.png

https://steemitimages.com/DQmaRbjQ7Pgj4eUr1u2FMdHCuajLf9gTV8k4WNEV2jZqCFM/image.png https://steemitimages.com/DQmTDjQygLGQv4iCp8k2DWp3x7o79Y4zBxGfcTvnLseCTaf/image.png

---

Posted via Steemleo | A Decentralized Community for Investors