Posted on 01/22/2023 12:40:48 PM PST by C210N
Let’s start with three interconnected multipolar-driven facts.
First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”
So is the petroyuan finally at hand? Possibly, but Al-Jadaan wisely opted for careful hedging: “We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries.”
Second: The Central Banks of Iran and Russia are studying the adoption of a “stable coin” for foreign trade settlements, replacing the US dollar, the ruble and the rial. The crypto crowd is already up in arms, mulling the pros and cons of a gold-backed central bank digital currency (CBDC) for trade that will be in fact impervious to the weaponized US dollar.
...
The race to replace the dollar
One key takeaway is that energy-intensive major industries are going to be moving to China. Beijing has become a big exporter of Russian liquified natural gas (LNG) to Europe, while India has become a big exporter of Russian oil and refined products such as diesel – also to Europe. Both China and India – BRICS members – buy below market price from fellow BRICS member Russia and resell to Europe with a hefty profit. Sanctions? What sanctions?
...
Economic dominance of BRICS+ may be no more than 7 years away – whatever toxicities may be concocted by that large, dysfunctional nuclear rogue state on the other side of the Atlantic. But first, let’s get that new currency going.
(Excerpt) Read more at thecradle.co ...
$31Trillions in debt? Have not, and not going to pay a single plug nickle in principle.
“Global South: Gold-backed currencies to replace the US dollar (new term: R5+)”
And the thing that put this into Hyperdrive was the BRILLIANT Neocon move of kicking Russia out of US-controlled SWIFT...since obviously other countries now know they could be next.
...and just to really STICK IT IN OUR FACE - Russia’s doing just fine without SWIFT.
Bottom line: Elections have consequences, including stolen elections.
gold eagles are in my immediate future
The end of the Petrodollar is the end of the American welfare state.
The Cabal fooled the world.
Warning: The only way these currencies will be gold backed, will be partially gold backed. There is not enough gold in the world to back these BRICster scamster currencies at a non-insane gold price.
Gold eagles, IMHO, are overvalued. As well as silver eagles. The US Mint is very limited in their metal sources, unlike other minters.
A Troy ounce is just that - a troy ounce.
It is said: Gold will kill the FED; Silver will bury it.
Besides the value of the gold itself, they are also assayed which ensures purity. Anyone can make and sell a silver piece.
Rollover 212112 -— Latin American style...
if you’ve never seen it, it’s worth a look
Arabs dumping the dollar for a gold backed currency
https://www.youtube.com/watch?v=q9d30RBJkf0
The end of the Petrodollar is the end of the dollar.
That’s what I was wondering.
If I got to a coin shop, they will recognize a Silver or Gold Eagle. The BS you have to go through with “tests” is minimized.
Although, I did have one guy start going through these machinations when I was trying to sell some gold eagles. He told me there were often counterfeited. I suggested that he call the Secret Service if he was concerned about that.
There is plenty of gold, it would just require a complete replacement of currency and correction of prices/wages.
I got piles of quarters stamped 0.25 USD that are worth more than face value and stacks of 1 & 5 USD silver backed greenbacks “worth” the equivalent I get from a gas station when breaking a 50.
Gold eagles, IMHO, are overvalued. As well as silver eagles. The US Mint is very limited in their metal sources, unlike other minters.
A Troy ounce is just that - a troy ounce.
It is said: Gold will kill the FED; Silver will bury it.
^^^^^^^^^^^^
type II american silver eagle trading at a 69% premium to spot today.
what’s up with this?
bkmk
The premiums over spot gold is crazy right now and from what is said, it’s because nation states, the Fed, and others are hoarding gold. One analyst recently stated that all the major mining companies are not finding any more gold, implying there is little left to be had.
The premiums over spot gold is crazy right now and from what is said, it’s because nation states, the Fed, and others are hoarding gold. One analyst recently stated that all the major mining companies are not finding any more gold, implying there is little left to be had.
xxxxx xxxxxxxxxx
Implying there is little left to be had……. At today’s market prices.
2700 on gold & 40 dollar silver will pop out grampa’s gold fillings & gramma’s silver service
The Suicide Sanctions put in place by warmongering globalists are accelerating the ascension of BRICS.
That analyst is full of CRAP; even though Crapifornia made it illegal for me to put my dredge in the water, I still find plenty of gold with just my hand tools and a pan!
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