China is silently preparing to replace the U.S. dollar system with a new gold standard, as Western currencies such as the Euro and Dollar plunge. The Chinese government have begun purchasing gold mines around the world in an effort to dominate the market. Veteranstoday.com reports: If we look more closely at all the steps of the Beijing government since the global financial crisis of 2008 and especially since their creation of the Asian Infrastructure Investment Bank, the BRICS New Development Bank, the bilateral national currency energy agreements with Russia bypassing the dollar, it becomes clear that Zhou and the Beijing leadership have a long-term strategy. As British economist David Marsh pointed out in reference to the recent Paris Nanjing II remarks of Zhou, “China is embarking, pragmatically but steadily, towards enshrining a multi-currency reserve system at the heart of the world’s financial order.” Since China’s admission into the IMF select group of SDR currencies last November, the multi-currency system, which China calls “4+1,” would consist of the euro, sterling, yen and renminbi (the 4), co-existing with the dollar. These are the five constituents of the SDR. To strengthen the recognition of the SDR, Zhou’s Peoples’ Bank of China has begun to publish its [...]