Hong Kong Wine And Gold

Another thing free markets promote is security and integrity.  The Chinese were going to pahse Hong Kong out as a Asian Economic Center and replace it with Shanghai (or return Shanghai to its former glory) but the freedom in Hong Kong has kept it too valuable to denigrate.

Gadaffi has a contract out on him for not playing ball with the US Empire. He was selling oil for gold, not investing in Europe, and not selling to USA.  Asia and Islam want hard money economics and China is leading the way.  How to trade gold worldwide and ease it into China?  Well, via Hong Kong of course.

China relaxed wine impors into Hong Kong, got rid of British-era taxes and restrictions, and I've talked about the boom in wine trade in Hong Kong.  Now China is giving Hong Kong the Chinese gold trade (is Shanghai too "wild west" boom town?)

This change will make a difference, and Hong Kong will excell at this trade.

What is the big deal with gold and silver as money?  Do you remember when gas was 20 cents a gallon?  back then, dimes were silver and dollars were backed with gold.  Today, 2 pre-1964 dimes (silver) will get you a tank of gas.  So, in silver, gas is still 20 cents a gallon.

There was an exception in the law of 1933 when USA seized citizen's gold: people who needed gold to settle int'l trade transactions.  Get self-employed now, especially in int'l trade.

For a more conprehensive study of money, read Murray Rothbard.

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