Thursday, April 16, 2009

China Embracing "Copper Standard"

In some unsettling news China has begun to embrace copper as a backing for it's money, not US Treasury bonds.

It seems that China knows what we've all been saying all along... Treasury bonds and US greenbacks are just slips of paper without a standard to back it.

A 'Copper Standard' for the world's currency system?

In 'unrelated' news? China has apparently developed a new missile system capable of targetting and destroying aircraft carriers.

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