gold news

 this video is about speed rate of change and something called s-curve adoption with regard to the death of the global dollar standard now I've had this browser window open for several months now and I've been adding stories to it that are all similar because I've found that when you connect the dots between all these stories it starts to tell a story within a story and so this story goes back to April 9th of this year and French prime minister macron says that Europe should reduce dependence on the

U.S dollar uh on April 24th Central Bank gold buying at the highest level since the 1950s as 30 percent of world economies are now sanctioned by the G7 uh this is a chart provided by incrementum uh that goes from 1950 to 20 through 2022. now so this does not incorp it's not this is annual data it isn't quarterly data so we don't have any data yet in here for this year that you can see the Central Bank gold buying that was happening uh last year and then Zimbabwe to introduce gold-backed

digital currency uh this is a big move why because obviously they're using currency instead of money if it was money it couldn't do this just a few years ago it only took a few Zimbabwe dollars to buy a U.S dollar now it takes more than a thousand Zimbabwe dollars to buy a US dollar moving on now we're up to May 30th Gallup poll shows Americans consider gold the second best long-term investment what was the best they considered it real estate now this is an annual poll so let's come

back and visit this this is on May 30th of this year so let's come back May 30th of next year and see where this stands if they still think real estate is a better long-term investment than gold I have a feeling the positions will be reversed next uh just in uh Williams Ruto president of Kenya urges African nations to dump the US dollar for InterContinental tree for intra Continental trade So within Africa they've got this new uh Afra XM bank that will settle in local currencies between all of the countries within

Africa doing trade so watch a little bit of this video and listen from Djibouti selling to Kenya or Trader from Kenya selling to Djibouti have to look for US dollars how is U.S dollars part of the trade between Djibouti and Kenya why and we are saying that today our free exim Bank have given us a mechanism where traders in our continent can trade in their goods and services and the Africa exim bank will settle payments in local currency that is why Kenya Champions the pan-african payment and settlement system that is done by

our own institution the Affliction Bank why members why is it necessary for us to buy things from Djibouti and paying dollars why [Applause] trade much more freely let us pay in US Dollars what we are buying from the US but what we are Prime from Djibouti let's use local currency thank you so that was June 12th on June 13th uh there's articles about it in Today News Africa and so uh there's a journalist here though that says caution he cautions challenges and yes there are challenges uh a and a currency that's

being used is the predominant currency in international trade does need very deep and liquid financial markets and debt markets and it can't like uh in China right now uh there are currency controls there's restrictions on how much Chinese you want you can send out of the country and that doesn't work when it's a butt how long will it take China to uh to address the if it only has a couple of barriers left is becoming a global Reserve currency uh then they're going to take action and

they're going to eliminate those barriers uh June 13th U.S treasury secretary Yellen now we know how often she's been right we should expect a slow a decline in the dollar as a reserve currency we're going to revisit this later on June 15th 20 new countries apply to join the brics alliance on the night June 19th uh this is Central Bank gold buying and this one does have the first quarter of 2023 in it and so um uh you can see that it's just accelerating and this says especially bricks plus Nations continue as gold now

makes up a greater percentage of Reserve assets than at any time in the past 40 years well I wish this chart was as was about what they just said putting this in the title is confusing because this is the scale of their purchases measured in net gold purchases so this is in metric tons uh not the percentage of their Reserve curves but still this is very very impressive and it continues Gold's steady migration from west to east a very good article that illustrates how you know for for years and years

the West has been selling gold the East has been buying gold uh how long will the dollar last as the world's default currency the brics nations are gathering in South Africa this August with it on the agenda and this was June 25th now I'm sure that it has never been on the agenda before this is a big big move now there are some other things in this uh Fortune article that are interesting they do give some statistics 88 percent of international transactions are conducted in US Dollars I will get to

why in a moment and the dollar accounts for 58 percent of global foreign exchange reserves so in the central banks 58 of them percent of their reserves is U.S dollars uh breaking news Moscow exchange to launch Ruble priced uh gold Futures in July this is important because it helps under if they're going to do anything that is based on gold having uh Exchange in your country that prices uh your the contracts in your local currency helps to underpin that uh new monetary system Russia today this is from July 5th so

we're getting closer but the brics is set to announce a new currency backed by gold in countries in in contrast to the credit-backed U.S dollar well I've got news for you Russia today it is it's it's created through credit but what backs it is our own enslavement what backs the US dollar is future taxation so you have to work in the future and pay taxes to pay this uh credit that was given to us they borrowed it into existence how do they pay it off from our future taxes if it's a bank credit

it's paid off through your future car payments or house payments so uh all of the dollars that exist today are not they aren't created from thin air they aren't good and this is the if somebody says that they don't know what they're talking about they don't know the difference between currency and money money isn't created by enslaving a population currency National Fiat currencies are uh bricks plans to introduce new gold-backed currency this is the July 6th uh July

8th Aleister McLeod I love him Alistar is great hello Alistair how are you doing uh yesterday we had confirm we had confirmed the most important monetary development since Bretton Woods 80 years ago bricks and this is Shanghai cooperation organization will adopt a gold standard for trade this is over 50 percent of global GDP on a purchasing on a purchasing power parity basis and 64 percent of the world's population the dollar the pound the Euro and the Yen will be toast very good thumbs up Aleister that was

great Aleister again playing down the elephant in the room and here's uh Janet Yellen responding I'm not going to play this one but she basically says there's data that suggests that the dollar should be used as the predominant Trade Currency and international trade for many years to come uh I don't think she understands s-curve adoption which we're going to get to in a few minutes uh the dollar has discredited itself this is Sergey lavrov a foreign minister of Russia now uh you know it might seem

expeditious and correct Putin bad U.S good we should just confiscate all of their uh the the freeze their Central Bank assets that are not inside Russia and we should start confiscating private property even though it's Russian oligarchs oligarchs property uh like the big yacht that was uh confiscated and so on uh what we've done is we have overstepped our bounds and it seems right when we're in the middle of the news cycle of the war in Ukraine but you've got to remember that this changes

every couple of years I mean it used to be a run and then it was a rock and then in Libya and Afghanistan and it just goes it's like this uh sort of musical chairs that we're playing uh and I've been warning about this for about 15 years now that the world has new monetary systems periodically every 30 to 40 years the world has had a brand new monetary system now the old transitions like going from a gold standard to Bretton Woods uh the old transitions only affected large International corporations International

Banks and all of the central banks it affected uh world trade it affected exchange rates it didn't affect the local population this time everybody on the planet is going to feel this transition and if uh all of these things build up from an outsider's perspective if you are a country on the outside of this looking at the U.S seemingly to you randomly punishing this guy and randomly punishing that guy just because uh they're not doing with what we agree with then it undermines the the

power that would that we have been given by having the world's Reserve currency is immense and by abusing this we're undermining it slowly we could have uh been you know when you play the game Monopoly Monopoly there's the players and there's the bank and the bank cannot uh go broke it's the only entity uh in the game that cannot go broke it has this enormous advantage to be the bank um and by abusing this we're undermining this uh Birthright that we the we we think it's a Birthright but this exorbitant

privilege that we have been granted where we have this very high standard of living when we create more dollars if uh 80 of the transactions in the world are being done in the dollar and 58 of the currency reserves around the planet are US dollars that means that when we inflate the currency Supply uh the inflation respects no borders it devalues the currency outside of our border as well as the currency inside of it and transfers that devaluation that wealth was transferred to the United States and so it's a stealth tax on the

rest of the world that we have been able to enjoy uh since the Bretton Woods System since 1944 we've had this exorbitant privilege of being able to have a small very small amount of wealth constantly to transferred to us from the rest of the world elevating the United States to the highest standard of living in the world we're going to lose that it is being undermined by all of the politicians especially in this Century it started with George Bush but every president since then has taken some sort

of action to undermine the U.S dollar as the global Reserve currency so the gold standard is back bricks to to introduce gold-backed Reserve currency and the reason I bring this one up this is July 10th is because today it just became a reality 41 plus countries look like they could be returning to a gold standard now uh just a month earlier it was 20 countries that were looking to join this now a month later there's 41 countries that are intera that are interested and this is part of what happens during

s-curve adoption which we're going to get to in a few minutes Alistair again the confirmation of a new gold back brics currency is met with disbelief in the financial markets this will change when central banks clean out the gold market clean central banks cleaning out the gold market means far higher prices so far they've been able to keep the prices suppressed and accumulate and accumulate and accumulate for a very very long time policy committees around the world will be meeting this week now

that was on July 10th to re-examine their bullion requirements well I guarantee you they're still meeting and they're going to be meeting up until this thing gets launched or up until the decision that is made at the August meeting of the brics countries um so precious metals surge as bricks gold-backed currency fuels bullish momentum and this is July 14th uh India ties up with the United Arab Emirates to settle trade in rupees I'll show you why these things are important shortly uh

the IMF hints at allowing countries to use the Chinese Yuan for debt repayment now I'm going to show you why the dollar is used in most international trade and uh why this is so important this is July 15th so here we have this uh wonderful map from visual capitalist and it's about world's major trading partner so here is why this is important is why the dollar is used in international trade throughout more than 80 percent of all International transactions let's say you have an electric electronics store in

New Zealand or Argentina and you're going to be buying some doodads from a an Electronics manufacturer in in Taiwan uh well you don't have any Taiwan dollars that you can buy those with uh if you're in Argentina you don't have any uh Taiwan dollars you've got Argentine pesos and here you've got kiwis the uh New Zealand dollar that you you can pay with but Taiwan can't use Argentine pesos or New Zealand dollars they don't have any of those nobody accepts them so uh both of

you though your major trading partner Taiwan is selling more to the US every year and getting paid in US Dollars and then their Bank a lot of businesses in countries that do have a lot of trade with the United States will keep both a dollar denominated bank account and a bank account that's denominated in their local currency so the Taiwan doodad manufacturer might have uh they they take in all of these dollars some of them are converted into Taiwan dollars and deposited into their other account

so they can pay employees and run their business and such others are just kept there for when they're buying something from another country and the transaction is going to be in U.S dollars uh and uh so this buildup of Dollars around the world and the liquidity of having you know every Bank around the world is doing conversion of dollars into the local currency all the time all day long it's extremely easy plus because of this because all of these countries get flooded with dollars like when I was in

Peru you could get into any cab you could pay with Peruvian Seoul or you could pay with US Dollars uh same thing in a market or a uh or or going out to dinner it didn't pay in your hotel bill they would accept either it didn't matter the US dollar was you know a twenty dollar bill you could pretty much use almost anywhere in the world now the great thing about this uh chart this map that they've put together here this is in the year 2000 this goes back all the way to the end of The Mao

era so we go back to 1980 and and what you see here is that you know the US is in blue all its major trading partners are in blue there's a lot of gray because there was no data collected back then uh China is in red and there's only a couple of countries that are doing business with uh China as their major trading partner but it's almost equal it's it's it's the scale here the dark red or dark blue means it's predominant there it's the largest trading partner as you get into this faded blue or red

uh it's it's becoming almost a 50 50 mix well you go up to the year 2000 and still uh the US is I don't know this is probably 85 or 90 especially when you go there's not a lot of population in Northern Russia uh when you go by population I would imagine that this is uh 90 of the world is still doing most of their trade with the United States but then watch what happens over the next few years now uh most of the trade for Australia and New Zealand and uh uh well Argentina it's still a lot

um but it's being done with China Russia and so why should they have to change uh when when New Zealand buys the doodads from Taiwan which is now predominantly trade with uh China why should they have to convert to US Dollars and then pay in U.S dollars to Taiwan uh and then the Taiwan Bank converting those into the Taiwan dollar when both of them are trading so heavily with China and they could be receiving Yuan and not exchanging them for they could hold a Yuan denominated bank account and just pay in Yuan and buy the

doodads that they need without currency conversion costs and and floating exchange rates changing all of the time it becomes easier and a little bit more reliable and here's the thing this ends in 2018. imagine what this looks like today so that is the important part on uh why this Brix thing is starting to make sense and why it can gain some traction now let's take a little detour and take a look at S curve option so this is S curve adoption time is on the bottom the percentage from nobody using this technology to 100

percent of the population using this technology is on the side here and it always starts out slow with early adopters and then builds momentum and then becomes very very fast and then slows down again as it reaches its peak here is a prime example of it this is the Easter day parade in New York City I was going to save this for a video that I was going to do on EV technology electric vehicles but I'm going to use it in both so you'll see it again in 1900 there's one car here one Motor

Vehicle One Automobile these are all horses and carriages and this is right near Times Square in New York City and here is the same area in 1913 and it's all automobiles except for one horse and buggy this can happen very very quickly it starts out very I guarantee it 1901 didn't look much different 1902 1905 it started to look a little different 1907 it was really changing rapidly but by 1910 uh it was it was all over with so this is what it looks like with different Technologies electricities

adoption from uh zero percent to a hundred percent you can see the S A little better in things like uh color TV starting off very slowly with early adopters when it was a very expensive technology and then zooming up and finishing off that s computers also show a nice s and the internet but the best example on here would have been cell phones it's just that this chart ends in 2005. it was just the best example that I could find but what you see here is this goes up to about 9 almost 90 percent before it's truncated and you

don't see the little tail at the end of that S curve so here we've got time and and uh this is going by at just a this is wiping across the screen at a certain speed and you can see that it goes slowly and then goes real fast and slow again that's S curve adoption now I am going to coin a brand new term I believe it's a brand new term I don't think anybody else has used this before when it's a technology like for instance the internet the internet didn't really replace anything it was a a new

technology where we adopted it very quickly and it had that s-curve adoption but there was no technology that it was replacing if you look at the horse and buggy versus the automobile there was a technology that it was replacing and what is happening is uh people want this new technology and they start rejecting the old technology so the term that I will coin here is s-curve rejection and it happens at the same rate but in Reverse as the one more time here same rate and it goes real fast in the middle

and so this is going to be happening with internal combustion engines as EVS take over it's going to be happening with the dollars Reserve currency status as something better takes over now here is both of them happening together and the big Zinger in the middle Zing it happens very quick it happens slow at first and then speeds up and then suddenly bam it's on us now I want to show you how fast this can happen this is supposed to be a Tesla Roadster doing 0 to 60 in 1.1 seconds and they've got this Tesla Roadster and

I think this is all fake but it's a really good fake now uh you'll see how quickly this accelerates and the consequences that that are going to be have to have to be dealt with later so I don't believe that uh this uh Tesla didn't there's only a few prototypes of the Roadster none of them have artificial sound and artificial sound of this volume I don't think you could fit in into this car so I'm pretty darn sure this whole thing is fake but watch this [Applause] [Music]

goodbye U.S dollar as the world's Reserve currency I want to thank you for watching