China is secretly buying up all of the world’s gold supplies in preparation for the total collapse of the US dollar.
According to reports, in the first quarter of this year, central banks around the world purchased 87.7 tons of gold. That rose to 186 tons for the second quarter, and in the third quarter a staggering 399.3 tons were purchased. A disturbing 300 tons of gold was purchased by China alone.
Naturalnews.com reports: Why is China doing this? “China thought to be stockpiling gold to cut greenback dependence,” reports Nikkei Asia, which goes on to say this gold was likely purchased from Russia:
“China likely bought a substantial amount of gold from Russia,” said market analyst Itsuo Toshima.
China has made similar moves in the past. After staying mum since 2009, Beijing stunned the market in 2015, disclosing it had boosted gold holdings by about 600 tonnes. It has not reported any activity since September 2019.
The People’s Bank of China likely bought a portion of the Central Bank of the Russian Federation’s gold holdings of over 2,000 tonnes, Toshima said.
In essence, Russia is selling gold to China so that both nations can ditch the dollar. And 100+ other nations are likely to go along with them, resulting in the collapse of global dollar hegemony.
While the United States of America is printing trillions of dollars in “mad money” and trying to wage war with Russia through its proxy state of Ukraine, China is stockpiling gold at truly astonishing levels. BRICS nations, meanwhile, are preparing to launch their new global reserve currency that would challenge dollar dominance and end global reliance on the SWIFT system (which has been weaponized by the West against Russia). Once this happens, the tide goes out and all the nations that have been swimming naked — i.e. not having enough gold reserves to back their currency creation — end up getting tossed to the trash heap of history.
That’s what’s coming for the dollar, naturally. Backed by nothing and printed to oblivion, the dollar’s era of global hegemony is rapidly coming to an end. The Biden regime isn’t even bothering to pretend they might be interested in halting runaway money printing. Instead, they’re cranking up the currency printing machines to unprecedented levels, then looting the nation with Ukraine funding shell games and money laundering schemes that make Mexican drug cartels look like they’re playing Tiddly Winks.
Here’s the current debt burden for the United States of America, via USdebtclock.org: