Trump’s Treasury Chief Guides the Global Financial Reset

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Date: April 23, 2025

May 7, 2025: Treasury Sec. Scott Bessent at House Financial Services Committee: 'We believe the US should be the premier destination for digital assets. Digital assets are an important source of innovation that can drive usage of the U.S. dollar around the world with stablecoin legislation'
Also announced China trade negotiations start Saturday without Navarro, expecting tariff reductions & action on currency manipulation.
April 22, 2025: imf.org - The global economic system under which most countries have operated for the last 80 years is being reset, ushering the world into a new era. Existing rules are challenged while new ones are yet to emerge.
April 23, 2025: Treasury Secretary Scott Bessent announced that the Trump administration will push for reforms at the IMF and World Bank to create a more sustainable global economic system, rather than withdrawing from these institutions.
Speaking at the IMF and World Bank spring meetings, Bessent emphasized stronger U.S. leadership and major institutional changes to restore balance to the global financial system. He criticized the IMF for focusing on climate, gender, and social issues while neglecting accountability for economic reforms in borrowing countries. Bessent stressed that the U.S. seeks to enhance its role in these organizations, provided they adhere to their core missions.

Gold Standard on Kremlin Desk

Russian president Vladimir Putin is discussing the idea of pegging the Ruble to gold And Commodities.
If approved this would directly link Russia's currency to gold bullion for the first time in more than a century.
Linking the ruble to bullion could give Russia more "sovereignty" over its financial system.
However, the governor of Russia's central bank, Elvira Nabiullina, told reporters the idea was "not being discussed in any way".
Full article: Reuters

Judy Shelton for Fed board, return to the gold standard

Senate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
Source: www.washingtonpost.com

Iran is interested in a unified currency with BRICS

Iran's Deputy Foreign Minister, Mahdi Safari, expressed interest on January 3 in creating a unified currency with BRICS nations, aiming to establish Tehran as a key banking center for the group.
Safari also praised the New Development Bank, established by BRICS in 2014, for its role in supporting joint projects and international cooperation among member states.
"We are interested in creating a unified currency in the BRICS group, and this could be very effective.
By using national currencies, the process of eliminating the use of the dollar in commercial exchanges begins, and we are interested in continuing this process," Safari stated in an interview with Sputnik.

Gold and Silver benefit from FED policy, inflation

Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors optimism about commodity markets.
The Fed balance sheet is one of the drivers to the expanding money supply. The Feds monetary tools are used to keep rates low and cheap credit flowing. If the Fed keeps up the monetary stimulus, it will continue to drive inflation higher.
If the Fed were to ever try and taper, allowing longer-term rates to rise, it will put pressure on many areas of the economy, including the federal deficit.
In either case, Gold and Silver should benefit from high inflation if the Fed keeps printing or a shrinking economy if the Fed tapers.
Sources: schiffgold.com

Trump is meeting with an ex-bank CEO

Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard. Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
Source:Businessinsider.com