Will Japan's Election Spark A Uranium Rebound?
Jeb Handwerger | Dec 10, 2012 01:30PM ET
In early January of 2011, we highlighted a top secret candlelight dinner that was held at the White House where a deal was possibly made that China would raise the Yuan and the U.S. would devalue the dollar. At that time, we also predicted the China would open banks right here in the United States. There was no fanfare or mainstream media coverage.
At that time, The World observed the failures of some of the largest financial institutions such as Lehman Brothers, AIG, Washington Mutual and other corporate icons by creating massive bailouts, QE’s and running up trillion dollar budgetary deficits due to a decade of being in war in the Middle East.
China is still concerned about inflation and soaring prices due to the intentional debasement of the U.S. currency (UUP) and the artificially lowering of interest rates by the Federal Reserve using tools such as Quantitative Easing or Operation Twist. Both sides reached a modus vivendi, where the Chinese would allow the appreciation of the Yuan and the devaluation of the dollar in exchange for access to the North American resource market and financial sectors. Now we see these predictions coming to fruition as CNOOC is taking over Nexen and the Federal Reserve is allowing Chinese Banks to open on U.S. soil.
See my January 2011 article on the “Chinamese Twins” to fully understand why the Chinese yuan is continuing to move higher versus the U.S. dollar by clicking here .
Check out my recent interview with the CEO Dr. Richard Spencer discussing potential catalysts in the nuclear sector and how U3O8 Corp has made impressive progress in 2012 by watching the video below.
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