Reader 06/25/2019 (Tue) 13:33:13 Id: ea91a6 No.14947 del
>>14946
PANDA BOND ISSUANCE – gold backed sovereign bonds

A bond priced in Chinese RMB terms defines a Panda Bond. They typically are for sovereign debt issuance, with some high profile corporate bonds at times. This is the newest of the four legs to the Gold Standard implementation. The astute analyst can infer a gold role in these Panda Bonds, which heretofore has not been admitted. This golden leg is analyzed in the June Hat Trick Letter to be posted very soon this month.

REGIONAL GOLD CURRENCY USAGE – decentralization

When Malaysian Prime Minister Mahathir announced the cooperative venture to use a regional gold currency in order to settle bilateral trade obligations a few weeks ago, he put his life at risk. The very same initiative announced by Japan was quickly followed by the Fukushima attack, called an accident in the West, but called an attack all through the East. Expect the entire Pacific Rim to climb aboard the regional gold currency for settlement of trade payments, which has yet to take shape or to be named. The Jackass expects Malaysia to be joined by Indonesia, the Philippines, Singapore, Thailand, even Taiwan, possibly Hong Kong. The key to this regional instrument for trade payment will be the absent participation of China. They might direct the movement from behind the curtain.