China, gold prices & US default threats

[chad]

The OP article is one of the most important pieces one will read in years:

1. China and Russia are amassing huge gold bullion reserve to back a new trade zone line of credits
2. One day soon, China will announce a fully converable Yuan backed by gold.
3. The BRIC trade zone bank in Shanghai will open.

When these events transpire, the US dollar will be devalued proactively or breakdown on the open market. There will be a run on the Treasuries that the FED will not be able to contain. US interest rates will spike higher. And the bottom will fall out of the government budget and the American standard of living. It will all occur very quickly, in days or weeks. I beleve this will occur within 2 years.

makes total sense based on their behavior & purchasing habits.