Going green is going up, china dumping dollars

[krotchdog]

China is dumping thier 1.9 trillion dollar reserves for copper and other essential materials use to produce green energy. This is the begining of what will be Chinese dominiance in the green energy market. With China cash rich and the west cash poor China is making a fast dash to buy up all essential raw materials. The west cannot stop the Chinese given the state of our banks and financial institutes. China will now be in the position to set the price for all renewable energy.

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

A 'Copper Standard' for the world's currency system?
Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal.

By Ambrose Evans-Pritchard
Last Updated: 2:41PM BST 16 Apr 2009

Comments 70 | Comment on this article

China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan's TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.


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A world currency moves nearer after Tim Geithner's slip"China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years."

"The next industrial revolution is going to be led by hybrid cars, and that needs copper. You can see the subtle way that China is moving into 30 or 40 countries with resources," he said.

The SRB has also been accumulating aluminium, zinc, nickel, and rarer metals such as titanium, indium (thin-film technology), rhodium (catalytic converters) and praseodymium (glass).

As the Chinese buy one trillion dollars of essential materials and companies this will drive the US stock market up. The Obama administration with help from the drive-by media are preparing to claim the rise in the market is due to Obama's financial plan. The White house and media will ignore China's dumping of dollars into the market.

The capitalist will sell his enemy the rope his enemy hangs the capitalist with.

 

[Indiana Oracle]

They may eat rooster feet, but they are not stupid.