Kazakhstan now has the world’s 23rd largest holdings, just behind the Philippines which has 194.4 tonnes of gold reserves.
Currency Wars: Bye, Bye Petrodollar – Buy, Buy Gold
Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China. Thus Russia cannot be isolated any more than a bear can be bear hugged. The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
The King Dollar is being displaced, kicked off its throne. Its squire the Petro-Dollar is undergoing demise. The Ukraine War is the USDollar Waterloo event.
The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world.
The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan. When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.
The Crash Heard Round the World is coming. The USDollar will be rejected, and replaced by the Gold Trade Standard.
Click here for the latest Hat Trick Letter on the CRASH HEARD ROUND THE WORLD:
- You can criticise Vladimir Putin all you want but at least he understands economics, which is more than can be said for the senior government officials in the USA and Europe today.
Read more >>> Russian people have more economic liberty than those living in USA
The Paradigm Shift has reached a higher gear. The danger and risk levels have gone to critical levels. The risk of economic destruction has gone into recognizable critical levels.
The Emperor’s court is showing critical internal defections. The biggest ray of light comes from Germany, which shows important signs of refusal to permit its economic destruction in order to suit the elite plans of a grander fascist state. The Germans have suffered hyper inflation before, and will not again. The Germans have suffered a national calamity from an integrated fascist state, and will not again. It is becoming excruciatingly clear that the Global Axis of Fascism is the US, UK, and its leash holder in the SouthEast Mediterranean. The entire global system has reached the critical phase. The breakdown phase is accelerating.
The Russian sanctions have an obvious whiplash of severe impact to the US and Europe. The whiplash impact to the US is to expose the USDollar as a corrupted cancerous currency, for which coerced war and economic suicide are the high cost of continued support.
The USGovt is left with no more options than war, since the financial front has been lost to insolvency, market interference, bond fraud, and leveraged corruption.
A climax is fast approaching. The USDollar is stuck in the implosion stage. The USDollar will be rejected, the climax a Weimar implosion of the currency.
The King Dollar has been wrecked, knocked off its throne, never to return to prestige.
Click here for the latest Hat Trick Letter on the death of NATO, the Dollar, & HYPERINFLATION ahead:
Jim Willie joined TFMetalsReport this weekend for a special holiday podcast. In this excellent report from the Hat Trick Letter editor, Willie discusses:
- This week’s announcement by Gazprom that they will begin accepting payment in rubles and yuan
- The escalation of US and EU sanctions against Russia and how they are failing/backfiring
- Willie explains the US’ motives for provoking Russia via Ukraine: To entice Russia to prematurely move to place the Ruble into a reserve currency status, and ultimately, to blame Putin/Russia for the coming US dollar collapse!
- The growing isolation of the US as a economic superpower
- The eventual emergence of a new global currency regime & collapse of the dollar
Click here for 60 full MUST LISTEN minutes of Pure Golden Jackass:
There was quite an interesting headline in the news, which, to my great surprise, went almost completely under the radar, at the close of 2013. It was only picked up by a few small media outlets, and then was quickly dropped.
Nothing further was said, and no additional commentary was even given. I hope to remedy that today.
The headline was this: Russian banks buy up 181.4 tons of gold, in 2013.
Read that again, carefully.
Does it say, “Central Bank of Russia buys 181.4 tons of gold”?
No, it says that commercial Russian banks bought almost 90% of Russia’s gold production in 2013.
Click here for more on Russian banks loading up on gold:
Gold bars in a vault in West Point, N.Y. (Associated Press)
Or are they?
The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 35.5 million ounces (1,104 tonnes). (more…)
Russian central bank acquired another 390,000,000 ounces worth $3.9 billion in July
Gold and silver have fallen below the $1,300/oz and $20/oz levels respectively. Gold traded marginally lower in trade in London after gold in Singapore also ticked marginally lower. (more…)
Tagged with: australia
, Chinese gold reserves
, gold mining
, gold production
, gold reserves
, peak gold
, South Africa
Platinum fell 1.4% last week, while palladium singularly outperformed, surging 3.8%, its best weekly performance since early March. It’s showing another 0.9% gain this morning, while platinum is down 0.3%. (more…)