Shanghai 1930 Gold Backed Currency

by Martin Armstrong QUESTION: Mr. Armstrong, what were the gold custom units issued by the Bank of China with the image of Sun Yat-sen. PHR ANSWER: The Customs Gold Unit (CGU) was a currency issued by the Central Bank of China between 1930 …

READ MORE

Shanghai Plunges 3.2%, below 3,000 for 1st Time in 2 Years, After Trump Threatens to Massively Escalate Trade War and China Threatens to Massively Retaliate

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Apparently, the trade talks have collapsed. On May 20, Treasury Secretary Mnuchin declared that the US-China trade war was “on hold” while the trade talks were being conducted. That didn’t last long. Apparently, those talks have …

READ MORE