China Invests In Gold & Oil! ~ Investing Away From The Dollar


	China Invests In Gold & Oil! ~ Investing Away From The Dollar

merrie

6-10-2009 4:42 AM

180 views

tags:

significant dollar inflation, china funded 2nd strategic petroleum reserve, plan to buy $80 billion worth of gold, enough gold to fill ft. knox twice

merrie says:

Thanks Barack!

Rep. Mark Kirk (R-IL) told Greta Van Susteren that China is investing away from the dollar. Kirk said that China has invested in oil reserves this year and is buying enough gold to fill up Fort Knox twice!

We're so screwed.

2 Comments |

Add a Comment

6-11-2009 8:15 AM

davboz

If this is not intentional, how can they be so ignorant?

6-11-2009 8:39 AM

Satchamo

And why does this surprise people? China knows they have too much money invested in the U.S. dollar, which they may never see again. As citizens, we should be able to see this coming.

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from June 10, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a7365780-9bd7-4e27-83ee-f0781ac55e0c/4BE8C19A-5DAF-45C3-8836-C02992B0EF9F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html" href="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html" style="font-size: 11px;">gatewaypundit.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html"><DIV><STRONG>Representative Mark Kirk (R-IL)</STRONG> had this to say tonight <A href="http://www.foxnews.com/ontherecord/index.html">On the Record</A> with Greta Van Susteren:</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html"><BLOCKQUOTE>"China has lent about $300 billion to the US for Fannie Mae and Freddie Mac. They're very worried about that; another $700 billion in treasury bills. And. they're particularly worried about the feds new policy of buying treasury debt. Cause <STRONG>they're worried that one part of the federal government is buying another part of the federal government. Sounds like printing money</STRONG>... They already are beginning to hedge. I think they expect quite a bit of inflation in the United States next year, so they made a major investment. <STRONG>They funded a second strategic petroleum reserve and they plan to buy $80 billion worth of gold.</STRONG> That's two Fort Knox's. Both of those investments only make sense if you expect significant dollar inflation." </BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html">GOP Rep. Kirk Warns: China's Investing Away From Dollar... Buying Enough Gold to Fill Ft. Knox Twice</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html">You must see this interview.<BR />It is absolutely frightening:</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gatewaypundit.blogspot.com/2009/06/gop-rep-kirk-warns-chinas-investing.html"><div align="center"><embed src="http://www.youtube.com/v/PUl9DedlQJw&hl=en&fs=1&color1=0x234900&color2=0x4e9e00" height="329" width="400" wmode="opaque" quality="high" allowfullscreen="true" allowscriptaccess="always" type="application/x-shockwave-flash"></embed></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4BE8C19A-5DAF-45C3-8836-C02992B0EF9F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips