China Launches Yuan Gold Fix To “Exert More Control Over Price Of Gold”

Overnight a historic event took place when China, the world’s top gold consumer, launched a yuan-denominated gold benchmark as had been previewed here previously, in what Reuters dubbed “an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market.” Considering the now officially-confirmed rigging of the gold and silver fix courtesy of last week’s Deutsche Bank settlement, this is hardly bad news and may finally lead to some rigging cartel and central bank-free price discovery. Or it may not, because China would enjoy nothing more than continuing to accumulate gold at lower prices. The first Chinese benchmark price, derived from a 1 kg-contract traded by 18 participants on the Shanghai Gold Exchange (SGE),was set at 256.92 yuan ($39.69) per gram on Tuesday, equivalent to $1,234.50/ounce. China’s gold benchmark is the culmination of efforts by China over the last […] Read More

Ukraine Failed Attempt to ‘Break Russia’? Kissinger Warns U.S. “Stop Backing Kiev At All Costs”

The handling of the Ukrainian conflict, and the second-rate attempt to antagonize Vladimir Putin and paint him as an aggressor has failed, if the terse opinion of one of America’s oldest diplomats is any indication. Henry Kissinger, now 92 years old, remains one of the staunchest insiders in the smoky room, always a move ahead in the game for New World Order dominance. During the Nixon administration, it was Secretary of State Henry Kissinger who “opened up” Communist China to American diplomacy. With escalating tensions between the U.S. and Russia, Kissinger blasted the American handling of the Ukraine situation for “backing Kiev at any cost” and basically antagonizing Putin without keeping focus of “long term order” and instead acting recklessly for short-term interests. Make no mistake, Kissinger – a top envoy for such shadowy globalist organizations as Bilderberg and an advocate of real politik – plays the long game. […] Read More

China Is Creating a New Economic World Order Right Under the West’s Nose

Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and war bark madly in the distance, the Chinese caravan passes by in what President Xi Jinping calls “new normal” mode. “Slower” economic activity still means a staggeringly impressive annual growth rate of 7 percent in what is now the globe’s leading economy. Internally, an immensely complex economic restructuring is underway as consumption overtakes investment as the main driver of economic development. At 46.7 percent of the gross domestic product (GDP), the service […] Read More

2013: The Mystery Of The Baigong Pipes

Welcome to today’s journey down the path of strangeness, today we are going to look at  “The Mystery Of The Baigong Pipes” It’ѕ оrigin: unknоwn. It’ѕ рurроѕе: only guessed at… Thе strange structure thаt sits nеаr thе ареx оf Mоunt Bаigоng in thе wеѕtеrn province оf Qinghai, Chinа iѕ the fосuѕ оf lеgеndѕ, myths аnd bizаrrе tаlеѕ. Thе ѕtоriеѕ оf thе ancient structure trаvеl bасkwаrdѕ in timе until lоѕt in thе ѕwirling miѕtѕ оf аntiԛuitу. Yet thеrе it stands, аnd ассоrding to аn ассоunt bу WeirdAsiaNews.com thе руrаmid ѕtаndѕ almost 200 fееt tаll—imроѕѕiblе, but undеniаblе. Thе руrаmid’ѕ said to have аliеn оrigin? Lосаl villаgеrѕ claim thеir distant аnсеѕtоrѕ ѕроkе оf grеаt ѕhiрѕ thаt ѕаilеd thе hеаvеnѕ and used thе руrаmid as a lаnding ѕitе. The firѕt thing we turn tо аrе gеоlоgiсаl рrосеѕѕеѕ that might еxрlаin thеm. The Chinеѕе have рut fоrth ѕеvеrаl such hуроthеѕеѕ, including оnе invоlving thе […] Read More