As I write an hour before the close, the US is slowly but relentlessly moving into the third and final phase of this giant bull market. The Dow is up 312 points and Transports are up 183. The tech heavy NASDAQ is up 84. The bull trend has spread throughout the world.
I am particularly interested in China, whose GDP is about to take over the US’s GDP. This will make China’s economy the greatest economy the world has ever seen.
China does not want to rule the world. China simply wants to be on par with the US. To do this, China wants its currency to be as strong as or stronger than the US dollar. The world knows that there is nothing behind the US dollar of tangible value. China intends to back its currency, the Yuan with gold. If world commerce is transacted with gold-back Yuan, China will have ... Log in or subscribe to continue reading.