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Growing resentment by victims of Dollar Weaponization, to avoid the USDollar in favor of Gold for trade payments and reserves management. The USGovt has weaponized the USD and attacked any nation operating to the contrary.
Hidden agenda by Western central banks to escape grotesque insolvency by investing heavily in Gold, then sending price to $3000, then $5000, then $10,000. Former BIS Chairman Zijlstra outlined this plan in the 1990 decade. In fact, the USFed has handed the USDept Treasury a ripe $120 billion loss from its Balance Sheet. It is insolvent.
Growing perception of the inflationary depression in the USEconomy and Western Europe, evident by false statistics on price inflation. The depression began with the 2020 economic lockdown. Subtract at least 6% from GDP (economic growth) to enter reality, from the false inflation measures. The United States is caught in the deep clutches of an inflationary depression.
The big insolvent banks have gone long in Gold, while depleting the GLD Fund as price suppression tool. They have $740 billion in unrealized asset losses. They must purchase Gold slowly, since any rapid sale of USTBonds will cause a bond default from convexity (snowball effect).
China and Japan are supporting their Yuan and Yen currencies with Gold purchases. Furthermore, China and India are supporting the Gold price after every strong slam by the US-UK banksters, which use naked short methods.
Shift of geopolitical and financial power from West to East in sunset of the King Dollar. The global revolt has substantial momentum. The US-UK banksters have abused their position as masters of the USDollar. The East will develop a fair equitable system based upon the Gold Standard.
Growing movement for a valid hard asset foundation for the global monetary system. The movement has many participants, considerable momentum, and will not be stopped. The Von Mises Corollary states that a paper basis Post too long. Click here to view the full text.
