Even as the US dollar attempts a countertrend rally, today Multi-billionaire Hugo Salinas Price just predicted China is very close to Petro-Yuan-Gold launch.

The Return Of Gold
March 8 (
King World News
) – Multi-billionaire Hugo Salinas Price:  
There is a lot of commentary going around the world, regarding Trump’s initiation of a “Trade War” to rebuild America’s industries. Trump thinks that tariffs will do the trick, and stop the rest of the world from taking unfair advantage of the US by selling their goods to the US in exchange for lots of US dollars. According to Trump, this nefarious behavior on the part of the rest of the world is causing a h-u-u-u-ge Trade Deficit, sending hundreds of billions of dollars out of the country. Trump’s view is that this is just plain “unfair”…


IMPORTANT:
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, 
silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.

KWN Faber I 2:19:2016Sponsored


I guess Trump is not familiar with what happened at Bretton Woods, back in 1945, when the US, as victor in WW II, forced the rest of the world to accept the US proposition: gold would be the world’s money, supplemented by dollars, which were to be regarded as good as gold – and perhaps they were, at the time, as good as gold, for the US had a stock of some 22,000 tons of gold at that time.

But as time went on, US trading partners began to ask for gold instead of dollars, a thing of which the US disapproved – and General Charles de Gaulle was a prominent recipient of US disapproval, for after asking for France´s gold (to which France had a rightful claim) in 1968,  the General was faced with a timely revolutionary situation which very nearly overthrew him.

Finally 1971 came around, the US stock of gold was severely diminished, and Nixon had to revoke Bretton Woods by declaring that the US would no longer redeem dollars held by foreign governments, for gold. The gold window was closed. The world was compelled to work on a Dollar Standard – the irredeemable dollar became the essential currency required for Central Bank reserves, a situation which prevails at the present time.

So since the world revolves around the US dollar, it is essential for the Central Banks of countries to hold dollar reserves.

How can the rest of the world obtain those dollars?

The only way for the Central Banks of foreign countries to own dollars, is by having their economies sell things to the US.

The only way to sell things to the US, is by underselling US producers.

So the Exorbitant Privilege of the US, the production of the world’s fundamental currency – which allows it to purchase anything in any amount, in any place, at any price – produces automatically the fundamental need of  foreign countries to undersell US producers.

So if Trump wants to make it hard for foreign countries to obtain the dollars they need to prop up their economies, what he is doing simply undermines the Exorbitant Privilege established by the US itself, in 1945, and reinforced in 1971.

This is the operation of “Bad Karma”, which produces bad consequences for those that live with “Bad Karma”.

China Close To Petro-Yuan-Gold Launch
Good show, Donald old boy! With your enthusiasm for trade wars, you are furthering the arrival of the Gold Standard, and China is, on cue, about to initiate on March 26, their famous Petro-Yuan deal (which they have postponed several times). The Petro-Yuan leads into the Petro-Yuan-Gold deal, where the oil exporters will be able to turn Yuan – which they don’t need – into gold.

The current theme of whether “Trade War” is good for the US, misses the point entirely. The US collapse into the “Trade War” syndrome only obfuscates the real outcome: the end of the US dollar as the world’s fundamental currency. If countries are unable to obtain dollars for their Central Bank reserves, they will have to look for a substitute. And the only substitute will have to be GOLD.

Speaking of gold…

In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.

aurvista-gold-i-1022017

Multi-billionaire Robert Friedland chose this man to lead his exploration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.

***KWN has just released the remarkable audio interview with investing legend Rob Arnott, who oversees $210+ billion, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

ALSO RELEASED: Celente – What Is Happening To Many Americans Is Shocking CLICK HERE TO READ.

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