today...suggestions, considering current events
TODAY:
1-Russia goes before an emergency U.N. meeting they called to lay out facts about Ukraine, BIOLABS, US involvement. WHATEVER IT IS, it isn’t good news for U.S. involvement.
2-Russia moves the ruble to the gold standard
3- Russia will only accept rubles for all purchases. HINT...80% of the oil we buy is from Russia and we now have to buy in their currency. This a strong potential of a movement away form petro dollars and signals a potentail beginning of the collapse of the USD as the petro dollar global reserve currency.
...all that, TODAY. What will the markets think of this news on Monday...the favorite day of the week for harsh market corrections?
additional factors...
COMING:
India is actively discussing moving the rupee to the gold standard. This will further weaken the USD. If the other BRICS nations follow suit, the dollar collapses.
Russia, China and other nations are restricting wheat and fertilizer exports. What does this hint at for this next Fall? Currently, wheat futures are up 40%!
These events hint at hyper-inflation like we’ve not seen, especially if the USD loses reserve currency status.
Think gas up 10% pe week kind of inflation, which would affect all other goods very quickly.
SO...the suggestions today...
top off all fuel containers
pull some cash out of the bank
stock up the freezer with protein
Monday could see a major market correction.
If nothing bad actually happens, it is still good to have cash on hand and the tanks full. Fuel in my area up 10% in one week. Why wait until it goes up further?
All that said, Monday looks rough and a week later, after the MSM has done everything to try to run cover for the bad news, the populace will wake up. Be ahead of the curve.
BONGINO rule: Ignore what the media says. Give it 72 hours and the truth will come out.
,,,that is all
A big chunk of our sovereign gold is stored in the basement of the New York Fed, as is the sovereign gold of many other nations. Workers wearing steel boots and operating heavy forklifts move gold bars from one cell to another as nations settle their gold accounts.
Our sovereign gold may only be sold with the permission of Congress, and Congress has never granted permission. So what the Fed does is lease their gold to the bullion banks, who sell it into the market, mostly in paper form with very little gold being delivered in physical form. The gold options market operates with 110-to-1 dollar leverage on paper gold, which means that a $1000 option controls $110,000. If the holder of a successful option attempts to collect his “winnings” in physical gold, the bullion banks will put obstacle after obstacle in his way, and at each obstacle it will offer to settle in cash. It may take as long as two years for a holder to receive his gold bars.
At the heart of this is a gentleman’s agreement between the Fed and the bullion banks to never demand return of the leased gold. Should that agreement fail due to some catastrophic event, gold would go “no bid,” which means that the price would go to infinity, and no holder of gold would be willing to sell into the market.
This selling of paper gold into the options market has been the Fed’s tool to control the gold price since 1980. In 2011 the price was about to cross $2000 per troy ounce, which would have crashed the dollar. The Fed sold massive amounts of paper gold to bring the price down by almost 50 percent. By now the goal posts have moved, and a gold price over $2000 might not necessarily be a problem. Keep in mind that during that engineered crash, the Fed did all it could to prevent physical gold from leaving its vault.
One of my coworkers is in a panic trying to close on a home mortgage before the expected interest rate increase on Tuesday.