Video Rebel's Blog

China is recasting large gold bars into smaller kilogram (2.2 pound) size bars in preparation for a world trade system in which dollars are either near worthless or refused as legal tender outside the United States. This recasting program began before the Chinese representatives agreed at the Bilderberg 2012 meeting to allow America to default on its debt by devaluing the dollar. They are recasting each 400 ounce  bar into approximately 11 1/3rd smaller bars of the kilogram size. You might ask what those bars will sell for after devaluation. At $1,600 an ounce, a 400 ounce bar is currently worth $640,000 and will buy a lot of oil at $86 a barrel. When the Chinese and the nations controlled by the Bilderbergers devalue the dollar,  kilogram size bars will go up in value. Jim Sinclair says a gold exchange standard could not work until one ounce of gold sells…

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