The New American: “While the officially admitted manipulation and suppression of gold prices by Western central banks has been documented extensively, world renowned economist and money expert Jim Rickards argued last week that the real purpose of it was to benefit the Communist Party regime ruling mainland China.
As China becomes a global superpower in an increasingly globalized world, the dictatorship in Beijing needs gold reserves to match its growing economic clout, explained Rickards, editor of Strategic Intelligence and author of two books focusing on currency. Eventually, all of that gold — being scooped up by the Chinese autocracy at artificially low rates — will give Beijing a much bigger voice at the table as the new world monetary order.
Opinion: We wrote about this in our book Antichrist: The Search for Amalek:
“Russia and China have taken advantage of central bank manipulation stocking up on gold for the day when they attack the world reserve status of the US dollar.”
And we wrote a post about it on November 15, 2014:
“I can’t prove it, but, I have long suspected that central banks have been holding the price of gold down by selling massive futures contracts.”
Jim Rickards explains why this is happening from a secular view:
- “In the current world order, the United States and Europe still reportedly hold most of the gold”
- “If you took the lid off and ended the gold price manipulation and let gold find its level, China would be left in the dust”
- “When the global monetary system has its “reset,” governments around the world will sit down at the table to reshape the system. And because China now represents the second largest economy in the world, its rulers must also have a seat — and for that, they will need a decent amount of gold proportional to their economic weight.”
- “So the price is being suppressed until China gets the gold that they need”
Picture holding a beach ball under water, when you let it go it pops to the surface very fast. From a prophetic view, when China gets the gold they need, expect that the reset will include a basket of currencies to replace the dollar as world reserve currency and gold to skyrocket.
When that doesn’t work and the world’s economic system is on the verge of collapse, a single currency will be proposed and accepted by an up and coming world leader (Revelation 13: 16-17).
By that time it will probably be illegal to own gold.