Gold standard strategy and the collapse of dollar
Gesara.news » News » Gold standard strategy and the collapse of dollarNews Date: July 16, 2020
The dollar is no longer pegged to gold, but it is still the world's reserve currency. Over 60% of the foreign bank reserves are currently held in US Dollars.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com
This Affidavit proves and declares King George V was illegitimate and Edward VII was not his father. King George V (R. 1910-36) of the UK was conceived in Denmark by Tsar Alexander III of Russia, while the UK's King Edward VII (R. 1901-10) was in Sweden, 4 days sail away. This was done in a Black Moon month, which Russians and Scandinavians consider auspicious for a king's conception. King George V was illegitimate and looked near identical to his half-brother Tsar Nicholas II.
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Is this an announcement of The Great Awakening? Is this the Storm troops moving out?
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It's going to be Biblical!
God wins. Always.
Don't be scared of the riots and looting.
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In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing "its policy aimed at gradual de-dollarization" and is looking to make deals in local currencies, where possible.
Lavrov called the rejection of the greenback "an objective response to the unpredictability of US economic policy and the outright abuse by Washington of the dollar's status as a world reserve currency."
Quantum Information Science (QIS) emerges from a deeper consideration of how quantum physics (our description of the world at the microscopic level) has implications for information science.
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