normxxx ruminates…: Greece Turns The Euro Into A "Carry Trade …
Washington responded to the financial crash of 2008, by essentially bankrupting the Treasury, and the country, in order to preserve the wealth of Wall Street’s financial elite. China’s investment in the Spider Gold Trust (GLD), was timed after a 15% correction in the spot gold price, to below $1100 /oz. Interestingly enough, on Dec 2nd, Hu Xiaolian, the PBoC’s currency chief, warned speculators that Gold prices were too high at $1225 /oz and said traders should be careful …
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