gold news

 the U.S dollar is about 60 percent of the value of all the currency on the planet and more than half of the dollars reside outside the United States the reason they uh every country has US dollars is first of all that's what central banks use as a reserve currency second of all oil is priced in dollars so this is the world and what we what you see here is that these are the countries that are avoiding the US dollar in trade they're doing bilateral agreements where they'll either hold

each other's currency and settle that way or they're establishing like right now they're talking about a brics bank Brazil Russia India China and South Africa having a bank that will do settlements between the countries directly without using the US dollar these countries they tried to avoid using the US dollar like Iran tried and we banned them from using Swift how many here have made wire transfers before so do you know what a swift number is it's it's a code that you plug in and this

Swift system is what transfers those dollars from a one person's account to another person's account well Iran decided that they were going to sell oil only in Euros they got banned from Swift but there's countries right now coming up with a replacement for Swift and it doesn't use the dollar it's the sucrose system and Iraq started selling oil for euros in Libya they were talking about creating the gold dinar and and selling oil for gold so those are the countries that are trying to use

something other than the dollar and then you've got physical gold accumulation I'll show you later that China is accumulating an immense amount of gold but all the countries with an up Arrow that's gold accumulation then we have gold repatriation Germany has been asking for their gold back and they're getting it Venezuela has repatriated their gold from the bank of England and then if we put this on a timeline here's the nails in the coffin for the dollar standard this is my evidence that I think is

proof that the death of the dollar is coming and it's coming shortly Nixon ended Bretton Woods and we went on the dollar standard then the first nail in the coffin is a rock sells oil and Euros the crisis of 2008 and we added 1.25 trillion to our base money in the United States as we add to the base currency people get worried about inflation they start rushing toward gold and silver Iran ends oil sales in dollars and they're taking Commodities in trade for oil they're taking uh in Turkey they take the local currency and

then buy gold in turkey and Export the gold to Iran so they're basically selling oil for gold they do the same thing with India QE2 quantitative easing that's more currency printing in the United States Libya China and Russia bypass the dollar they did a bilateral Trade Agreement where they hold each other's currency and they do direct debt settlement without having to wire transfer U.S dollars Chinese president just recently said that the dollar is a World's Reserve currency is a product of the past Utah

recognized silver and gold as money China and Iran bypassed the US dollar with a bilateral Trade Agreement Venezuela repatriates its gold China and Japan trade directly India and Japan bypass the U.S dollar Russia and Iran trade directly Iran sells India oil for rupees and commodities China and Brazil trade directly Swiss citizens demand gold repatriation African countries banned the dollar in Zambia you can go to jail if you use U.S dollars uh quantitative easing number three they have announced that the Federal Reserve

that they're going to be they're starting with 40 billion dollars of currency that they're creating each month and now it jumps to 85 billion dollars that's more than one trillion a year and remember it took 200 years to go from no dollars to 825 billion and now they're going to create a trillion every year Iran trading energy for gold Singapore removes tax on money Germany repatriates 150 tons of gold from the New York fed the citizens of Netherlands demand gold repatriation Ecuador repatriates part of

its gold reserves Austrian citizens demanding gold repatriation China acknowledges fundamental Market shortage of gold and now the FED is increasing the rate of printing I said from 40 to 85 billion every month just over a trillion per year so those are the nails in the coffin for the dollar standard and if you noticed they are all speeding up and they're all happening right now you don't have a whole lot of time and if you wait too long then the opportunity is gone so these are changes in Chinese Holdings

they are accumulating gold they are getting rid of U.S treasury bonds this is gold held in China the green line is the cumulative gold that's on this side this scale so it's gone from about 700 tons to almost 6 000 tons and the past couple of years here they have ramped up their buying they know that the dollar standard is coming to an end and they are protecting themselves and you're probably going to see gold backed remember someday the Yuan this isn't going to be pretty when it

happens I am not an end of world or a doomsday guy all you can do is play the hand that you are a dealt if we go to a new monetary system and I think it's absolutely inevitable there's just too much energy built up in in this one that has to release it has to come crashing down somehow when that happens there's an enormous wealth transfer for people that are on one side of the bet or another and people don't realize that whether they are they think they are making a bet or not they are making the bet they

are involved this wealth transfer affects everybody whether you want to participate or not if you're holding paper assets and paper currencies you have bet One Direction if you're holding gold and and physical assets you've bet the opposite direction thanks for watching but this is by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks