gold news

 the trend that i see is that they're just going to continue printing currency getting us deeper into debt until the whole thing breaks and when it breaks i want to have as much gold and silver as possible for more than a decade now i've been reporting on what i call the death of the global dollar standard uh the way that the current world monetary system works when one country wants to pay another country when when uh somebody in a business in russia buys a chinese good uh they convert rubles to dollars

they wire transfer the dollars through a u.s bank for settlement to china and in china that bank will then convert those dollars to yuan and so the u.s dollar was used it used to be used in almost all transactions international transactions on the planet but a friend of mine just sent me this article on russia and china ditched the dollar and moved toward financial alliance greenback's share of neighbors trade falls below 50 for the first time and there's this great chart halfway down the article of the

dollar's share of the china-russia trade settlements and it's gone from 90 over 90 percent to 46 for the first quarter and this will continue falling throughout the year so it's probably it's fallen by half from where it was in 2015. uh now this isn't worldwide this is just between china and russia they um made an agreement back in 2014 to come up with a system that doesn't rely on the u.s dollar and uh they're moving toward that system and you know we use the uh us dollar all the time as a weapon uh

we used it against russia to punish them for something and we use it we freeze uh iran out of the system and the more that we do this the more likely you're going to see countries abandoning the us dollar now with this enormous amount of dollars that are being used around the world when they no longer need those dollars those will eventually come flooding back into the united states we haven't seen the big inflation yet we're still seeing a little bit of deflation but that inflation is coming so watch

episode seven of hidden secrets of money and uh you'll see what i'm talking about um anyway moving on you know the their governments are abandoning the dollar at the same time should governments spend away should the uh the u.s dollar the pound the euro should these be printed into oblivion they're sort of asking this question should governments spend away and neil cashcary of the federal reserve says that u.s congress can spend big on coronavirus relief so basically the federal reserve is

saying you spend it we'll print it for you and that is not going to be good news for the dollar in the long term the fed's kaplan says asset purchases may ultimately have an effect on the dollar now nobody ever talks about the morality of the asset purchases asset purchases that you know this is counterfeiting currency into existence and buying stuff with it and that's how you get it into circulation and the stuff that they buy is government-backed securities so mortgage-backed securities

and uh and u.s treasuries is the main purchases that they do but that pushes the stock market up uh between with qe one two and three from 20 2008 to 2015 there was a 97.6 correlation a 0.976 correlation which is uh means you print currency and the stock market will go up by the same percentage uh increase that you increase the currency supply by by uh creating this currency and purchasing these assets and what they're buying is our future tax uh stream so they tax us in the future to p pay off these bonds uh where they

borrowed currency and uh the fed gets to gets to just create currency and buy this this future tax flow which uh you know is an enslavement of all of us uh so highly immoral and so you know i've been watching the dollar and you can see this uh general downward trend of the dollar and it seems to go in these cycles so this uh starts uh shortly it starts in 73 and so that's uh shortly after we abandoned the bretton woods system uh we went on this mixed basket of currencies and you can see that there's sort of a

cycle here and uh we should have peaked in this cycle and you know i'm hoping that brent johnson's dollar milkshake theory uh comes out true because uh i would like to see one last pullback in gold and silver but it it looks highly likely that that isn't going to happen at this point you know i don't really know uh but people want to know if it's too late well i don't think so but you know i've been telling people for 15 years so a good time to get in into gold was when it was below a thousand

now we're above two thousand uh it's it's destined for far far higher prices than this uh and i find it actually it's great but at the same time it's a little bit scary because uh what happens as the dollar uh loses value i mean all currencies now are losing value compared to gold and here's the consumer price index and you see that we've gone through a little bit of deflation here i don't believe that this is done i think you know this is uh monthly and so this was updated for june of 2020

as the last one so july you know we'll see what happens when that data comes in it'll be in a another week or so but when you look at what they've done we've got we're having deflation even though they've increased the currency supply now this is they call it money of zero maturity i'm gonna call it currency of zero maturity um and you see that it went up from uh 17.2 trillion almost up to uh currently 21.038 so they've added just under 4 trillion to the currency supply since the end of

february since february 4 trillion dollars um now about uh two and a half trillion of it made it down to main street uh the mzm is a currency that is instantly available so it's basically in checking accounts uh it can be instantly accessed and that is i always find this to be a crack up of our currency supply m2 is supposed to be the broadest measure of the currency supply so of the uh 18.166 trillion that exists there's 21 trillion of it available right now so um but this increased by 20

and when they created that it's just it's not circulating it's sitting in checking accounts and so the velocity the number of times transactions that it's involved with in a in a year has fallen from uh one point uh four six seven or one point four six five uh down to 1.097 so the quantity was increased by 20 percent but velocity fell down fell by 25 percent and what that adds up to is a little tiny bit of deflation uh but they're going ahead they're they're saying spend as much as you can and to spend

that they've got to put us deeper in debt now uh this is as of q1 so this doesn't have uh the 2 trillion in it that was uh you know there's you this is over 25 trillion now uh it'll be this is uh was updated june 9th and so it'll be september uh 9th or 10th when it gets updated next and we'll see what this number uh is i think it's going to be frightening and now they're adding more debt to it and what that does is it causes people to get a little bit nervous and that nervous nervousness shows up

in the gold price and the silver price and what you're seeing here these are comex deliveries so normally people would most people would just close out their contracts and accept cash and maybe roll it over into another contract or whatever but they're betting on the price going up and up or down but when you when you buy a futures contract you have the option of standing for delivery uh sometime you know when you're when your contract matures and it's up uh you can take delivery or you can

settle in cash and what you're seeing here is this is as of june 26th this is from nick laird's website uh gold charts are us you should go visit his website maybe subscribe but uh if you take a look at the deliveries that have been happening this rise in in deliveries every month is going up but what's really telling is when you click annual so you change it from monthly data to annual data the we're already beyond there's been more deliveries in 2020 and almost all of this when you

look at that uh monthly data it's uh the last you know it's it's this is june uh so may april may june so this is sin since the uh the crisis that we're that the world is going through uh they're they've taken more gold off of the exchanges uh than uh so far this year the year isn't you know it's only this isn't halfway through it it's june 26th and uh so this is going to be pretty breathtaking though uh this is already bigger than any year on record and we're only six months into

the year this is going to continue rising uh and i believe we've we've just seen the beginning of this right now gold breaking two thousand dollars is now getting attention and now you're going to see things like pension funds and hedge funds and a whole bunch of other funds big institutional currency flow toward real money gold and silver so that's it for today's video just thought i'd make some comments on what has been happening in the past couple of days and the trend and the

trend that i see is that they're just going to continue printing currency getting us deeper into debt until the whole thing breaks and when it breaks i want to have as much gold and silver as possible thank you very much for watching please click that thumbs up button and we'll see you next time