China Launching Gold Backed Global Currency

Hi there Kingfish. It was so good to see you here!! Lots of great people here.
Regarding Outlaws: Same thing happened to me. That temper will do it every time. And, yes, there were some good ones there.

 

Yes, it I going to be very bad. Great post, Kingfish!

Exactly, DarkLight!

 

@ O6 , We don't owe China on the trade imbalance. All that means is we buy more product from them then we sell to them. It does drive our debt but not to China. We spend dollars on Chinese goods which end up in China and doesn't come back because the Chinese who only earn on average .88 cents an hour don't buy U.S. made products so the money stays in the hands of corporations located in China. We then have a shortage of actual money. We print more and it continues.