| John’s Notes: This all began when Nixon took the dollar off the Gold Standard in August 1971 and replaced the backing of our currency with oil…” Petro-dollars”. This move allowed the USA to have the highest level of nearly everything for its citizens until today. Today it is apparent that this strategy initiated by Nixon and Kissinger was a short-term Pollyanna view, as it was founded on an ever-increasing debt burden and a continual level of inflation…. quicksand rather than stability. With the ever-growing sanctions against Russia, more and more countries are banding together and shunning the US Dollar for international payments and now it appears that India, China, Russia, and many others have formed an alternate payment system…one that, unlike the “Petro-dollar system”, totally avoids using the US Dollar for any trade purposes…to compound matters those payments are now being accepted in both Russian Rubles and Chinese Yuan. Our US dollar is being shunned. Both of those currencies have the highest level of Central Bank Gold holdings in the world and the consensus is that an international gold-backed currency is just around the corner. In our country, we now have US Debt of over $30,000,000,000,000 and unfunded liabilities of over $245,000,000,000,000. www.usdebtclok.org
Now that our worldwide trading partners are shunning our currency, who is going to service all that debt? We are now facing a “credit crisis.” Know that the bankers and politicians already have a plan. They always do. Our advice is to prepare now, as the banks are doing, and buy gold as the world watches US Dollar fade into the sunset.
Welcome to “The Great Reset”
Western sanctions are greatly benefiting the Russian people. This past week over 1 trillion rubles ($15 billion) has been invested in traditional savings products in order to gain a 21% return established by Putin. After this transaction, they can then convert their rubles into gold without paying any taxes.
Additionally, the Russian state-owned VTB Bank is now offering its clientele the opportunity to open Chinese Yuan savings accounts that yield a maximum interest rate of 8% so they can bypass both the Euro and US Dollar.
Yuan deposits replace the dollar and euro in Russian banks
https://www.rt.com/business/551718-vtb-yuan-deposit-dollar-sanctions/
American economic articles like “Fiat Currencies Are Going To “Fail Spectacularly”” gives an indication as to what is really happening, revealing: “What just happened in the last two weeks is enormously important and misunderstood by many investors…The Russian invasion of Ukraine and the corresponding Western sanctions and seizure of Russian foreign reserves are nothing short of a monetary earthquake…The last comparable event was Nixon’s abandonment of the gold standard in 1971…Russia, with the backing and support of China, just told the world that it is no longer going to sell it’s oil, gas and wheat for Western currencies which are programmed to debase…The West in its response just said to all countries around the world: “If you have foreign exchange reserves, held in our system, they are no longer safe if we disagree with your politics””
Fiat Currencies Are Going To “Fail Spectacularly”: Lawrence Lepard
https://www.zerohedge.com/markets/fiat-currencies-are-going-fail-spectacularly-lawrence-lepard
As to what the future holds, Swiss banking giant Credit Suisse’s top global analyst Zoltan Pozsar reveals: “We are witnessing the birth of Bretton Woods III… a new world monetary order centered around commodity-based currencies in the East that will likely weaken the Euro-US Dollar system and also contribute to inflationary forces in the West”.
“After This War Is Over, Money Will Never Be The Same”: What Credit Suisse’s Shocking Prediction Means For The Bitcoin Price And Crypt
https://www.forbes.com/sites/danrunkevicius/2022/03/10/after-this-war-is-over-money-will-never-be-the-same-what-credit-suisses-shocking-prediction-means-for-bitcoin-and-crypto-prices/?sh=2255894e6c25
Putin didn’t just invade Ukraine, he ended the Petro Dollar SWIFT System.
https://www.australiannationalreview.com/state-of-affairs/vladimir-putin-didntjust-invade-ukraine-on-24-02-2022-he-officially-ended-the-petrodollar-system/
Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales
https://www.zerohedge.com/markets/petrodollar-cracks-saudi-arabia-considers-accepting-yuan-chinese-oil-sales
India Is Mulling Rupee-Ruble Payments System For Trade With Russia
https://www.zerohedge.com/geopolitical/india-mulling-rupee-ruble-payments-system-trade-russia
A Historic Day On Deck: Powell Hikes, Putin Defaults
https://www.zerohedge.com/markets/historic-day-deck-powell-hikes-putin-defaults
So Many Russians Are Buying Gold That Central Bank Halts Bank Purchase
https://www.zerohedge.com/commodities/so-many-russians-are-buying-gold-central-bank-halts-bank-purchases
Daily Briefing: Will Commodity Prices Drive Inflation Even Higher?
https://www.zerohedge.com/markets/wall-street-mood-turns-apocalyptic-majority-sees-stagflation-bear-market-optimism-lowest
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It”
https://www.zerohedge.com/markets/ive-never-seen-market-goldman-sees-shortages-everything-you-name-it-were-out-it
For a great perspective of what is coming down our path, I recommend reading this book…When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany by Adam Ferguson, 2010
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