from Health Ranger Report:
TRUTH LIVES on at https://sgtreport.tv/
The USFed as Bad Bank: Ultimate Irony
by Jim Willie, Gold Seek:
A historical paradigm shift is in progress. The process of de-Dollarization began with Russia in response to the Maidan coup in Kiev back in 2014. The Russian reacted in multiple ways, but the Eurasian Trade Zone grew. That was the Jackass name given, which has emerged as the BRICS Union in recent years. Numerous nations have followed the Russian lead in removing the USDollar from their trade payments and banking practices. The American observers have dismissed this trend as trivial and not enduring. They are wrong, dead wrong. In the last 18 months, the Japanese had dumped $240 billion in USTreasury Bonds over a 12-month period. They continue. They accumulate Gold in their banking reserves, thus following the BRICS theme, their operating policy. The macrocosm, by contrast, will feature 20 nations dumping USTBonds en masse, and acquiring Gold for banking reserves. The UAE will become a primary office for the conversion, their Dirham notably pegged to the USD.
Gold Price Looking Explosive For Two Big Reasons
from Birch Gold Group:
Key Takeaways
- Gold prices remain at near-record levels, trading at $2,450, despite some skepticism earlier in the year
- Recently, disappointing economic reports have strengthened gold’s position as a safe-haven asset
- Ongoing geopolitical tensions in the Middle East and Asia continue to bolster gold’s appeal
- Recession signals have heightened expectations of near-term interest rate cuts, supporting gold prices further
- China’s previously unreported gold purchases highlight the growing demand for the precious metal worldwide
SOUTH DAKOTA’S ANTI- CENTRAL BANK DIGITAL CURRENCY BILL
by Joseph P. Farrell, Giza Death Star:
If you’re following the development of pushback in the individual American states against the lunatic plans of Mr. Globalooney for central bank digital currencies, or for that matter, if you’ve been following the several American states initiating state bullion depositories and passing bullion-as-money laws, then you’ll want to pay very close attention to what just happened in my home state of South Dakota, and to what was just signed into law by its Governor, Mrs. Kristi Noem (this article courtesy of W.G.):
BRICS Go Gold: Dollar Dives as Global Economy Braces for Inflation, Bank Failures, Bank Runs & QE Returns
by Jon Forrest Little, Gold Seek:
The US dollar, a currency on the brink of a financial abyss, is in a critical state. With an alarming 34 Trillion debt, unfunded liabilities approaching 200 Trillion, and no signs of ceasing perpetual wars, the situation is grave.
The outcome? MORE MONEY PRINTING.
BRICS ++ can now purchase more oil (the lifeblood of our factories, cars, power grids, hospitals, schools, and militaries) with the gold proxy than they could previously using the US dollar, which has lost its petrodollar status.
The unprecedented offloading of US treasuries results in those dollars flooding back to US shores, triggering a 2nd wave of inflation.
20 Solid Reasons For Gold Breakout
by Jim Willie, Gold Seek:
The time has come to cite the many reasons why Gold has risen, and why Gold will continue to launch to much higher levels. The USGovt debt and USTreasury Bond default, in my opinion, deserve the lead factors along with powerful price inflation. These factors are not featured in the press. The Jackass has stated for the last five years, to impatient clients and frustrated colleagues, that the Gold price will not break above the $2000 mark with moment in a sustained manner until the USGovt debt is widely perceived to be on a crash course toward default. WE ARE THERE, as even the prestigious St Louis Fed has publicly gone on record to call the USGovt debt as unsustainable. The picture of default is being painted.
LOUISIANA’S BULLION BILL AND SOME NECESSARY CLARIFICATIONS
by Joseph P. Farrell, Giza Death Star:
After last week’s blog about the South Dakota bullion and unit-of-account bill, I received an email from Catherine Austin Fitts that the movement to state bullion depositories might be the latest gimik and squeeze play from the banksters. We’ll get to why that possibility should never be ignored in a moment, because the Louisiana bill, as written, contains some telltale signs that her misgivings are well-founded. But I also want to use this opportunity to clarify my thinking for the record, and to remind readers here that if you read my individual blogs and do not contextualize them within the wider body of my thinking about financial and physical systems, that you will be bound to misinterpret and forget what I’ve stated on previous occasions. Absent any repudiation by me, those earlier statements still form part of my thinking.
Bill Holter: The Cult’s Dollar Crushing Operation
from Operation Freedom:
TRUTH LIVES on at https://sgtreport.tv/
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S.
by Michael Snyder, The Economic Collapse Blog:
I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States. Unfortunately, that day has arrived. Our leaders have been pursuing highly inflationary policies for many years, and now we have reached a point where inflation is wildly out of control. In fact, the latest wholesale inflation figure that was released on Tuesday came in much higher than expected. Sadly, this is just the beginning and we are in far more trouble than most people realize.
Full Faith & Credit of a Bankrupt Insolvent Government – Bill Holter
by Greg Hunter, USA Watchdog:
Precious metals expert and financial writer Bill Holter says there is a long list of financial trouble coming to America sooner than later. There is the commercial real estate implosion, rising interest rates, an exploding federal budget, banana republic political problems, but the at the top of the list is the monster unpayable debt problem and the soon-to-be failing U.S. dollar. Holter says, “You can’t have a third of the federal taxes paid out in interest, and that number is only going to grow over time. . . . If the markets would not collapse ahead of time, which they certainly will, but if they did not, we would get to the point where the interest would eat up all the tax receipts. That is a mathematical impossibility. We’re broke. On the other side of it, we have two rules of law. We have one rule of law if you are a liar from the left and another rule of law if you are a conservative and you don’t support the bull crap rules they are putting out there. . . . This is an illustration that this country has already become a banana republic. The problem with that is the dollar issued by this country is the world’s reserve currency. It’s a huge problem.”
