What the Chinese government fear most? a public revolt. What the Chinese people will revolt for? not the google type "freedom", not "one person one vote" western ideologies. The Chinese people will openly revolt when they find out they have been cheated out of their life savings. Throughout history of China, when the people's livelihood was taken away fraudulently or otherwise, the people revolted, resulting in dynasty changes. The Chinese government understand Chinese people better than anybody else. A grand fraud like the paper gold ponzi? No a chance. What purpose does it serve? to enrich who? Does a gold ETF ponzi contribute to the stability of the state? The Chinese communist party will not subject itself to the interests of the western banking cabals.
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