gold news

 it is impossible for them to create a gold-backed currency at these prices there is way too much currency in the world and not enough gold and the solution to that isn't to double triple or quadruple the amount of gold that's a very difficult thing to do the solution is to double triple or quadruple the price of gold update on the death of the global dollar standard pushback heightens against exorbitant U.S dollar exorbitant going beyond what is reasonable or customary especially in cost or price deviating

from proper limitation or rule excessively enlarged or extended out of order or proportion going beyond the bounds of Reason inordinate excessive deviating from the usual or due course going beyond the appropriate rules or established limits of right or propriety excessive extravagant enormous inordinate the brics countries the uh the brics Summit is happening in early August and they've drawn requests from 19 other nations to join them so this is Brazil Russia India China and South Africa now

have 19 other countries they would like to join them now um there is a warrant out by the international criminal courts for Russian President Vladimir Vladimir Putin's uh alleged war crimes against the Ukraine but South Africa has granted Putin diplomatic immunity for the brics summit there is a loophole the in international law that does allow this uh so brics countries strive to counter U.S with expansion uh share and shared currency so the bricks are going to expand and they're talking about a shared currency

what is that shared currency well according to the Russian Finance Minister the brics currency that they're coming up with uh will be supported by real assets for example gold stable coins so uh gold closer to centralized clearing in Brick's solution to Swift so Swift is the international payment system that we currently use that causes all countries to end up having to use the US Dollars Dollar as an intermediary in trade and this is coming to an end but this will not happen quickly this is

going to be a slow process until the day that it isn't now one thing I want to add here is that it is impossible for them to create a gold-backed currency at these prices there is way too much currency in the world and not enough gold and the solution to that isn't to double triple or quadruple the amount of gold that's a very difficult thing to do the solution is to double triple or quadruple the price of gold so gold should buy you a whole lot more someday in the near future here's an official

paper from the Ministry of Foreign Affairs of the People's Republic of China so this is official U.S hegemony and its perils it's from February but all we have to do is take a look at the table of contents we don't have to read this to see what the tone of the thing is political hegemony throwing its weight around they're talking about the U.S military hegemony one use of force economic hegemony looting and exploitation technological hegemony Monopoly and suppression cultural hegemony spreading

false narratives and so you don't need to go much beyond the introduction to sort of know what this paper is about and you know it's it's such a shame because uh the U.S did have this exorbitant privilege that uh made us the wealthiest country in the world and gave us exceptional power and then this decade especially it has been abused by our leaders to the point where we are going to lose this eventually but it's a slow process at least at first uh as uh Ernest Hemingway once said when he was

asked how he could have possibly gone bankrupt and he said well very slowly at first but then all at once so it it happens slowly you can sort of see it coming but then when and it does finally does happen it happens so fast it really takes you by surprise the Yuan overtakes the dollar to become the most used currency in China's cross-border transactions so it is in the process of happening now but you know you are here watching this if you are watching this it means you're paying attention so

you're ahead of the rest of the pack the people that are going to truly pay the cost of all of this are the people that aren't paying attention the people where it's more important uh who the latest Star is the the latest singer the latest movie star uh the latest sports hero people that really aren't keeping their eye on the economic ball what's happening around the world so I would like you to watch this here you are going to find it highly entertaining 50 of people are below average 80 of people

are idiots now that puts the 50 of people that are that puts the if 80 of people are idiots that places uh the average person squarely in the idiot category now this this isn't true but it is hilarious I encourage you to watch this it is a real commentary of uh how much the average person is paying attention to what is going on in the world and they are the ones that will ultimately pay the price hopefully not you I want to thank you for watching please like And subscribe and please keep watching email this to anybody you

can email a link thank you very much we'll see you next time