Currency war can end global US dollar dominance & those who own gold have power

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has said in an interview with RT. With geopolitical power shifting from West to East, US dominance may be ending. “But isn’t this just one person’s opinion?” you might well ask.

In this particular instance it is, but this page has spent enough time over the past few years reporting on the coming currency war, the move by China, Russia and a group of emerging economic powers including India and Brazil, to abandon the US$ as the reserve currency for international trades to convince even the most gung ho American patriots that something is going on that cannot have a good outcome for their country.

A significant sign that the USA is no longer regarded as the ultimate safe haven is the recent rush tp repatriate physical gold from the United States. In the past twleve months nations including Germany, Turkey, France, The Netherlands, South Korea and Japan have been taking their bullion home. The reason is the Cold War is over and despite the Russiagate scaremongering of neocons and the military – industrial complex, countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador.

The world has been living in crisis since 2008, while a currency war started even earlier, Grass said to RT. Central banks have been creating trillions of dollars out of thin air by issuing bonds, while central banks are coordinating the debasing of currencies, he said.

None of the money printing panic measures implemented since 2008 have made a significant difference, and with sovereign debt still growing it is obvious that the systemic problems still exist. The longer economies remain reliant on debt the greater the risks become and the more fragile the global economy is. More than 65 percent of all monetary reserves in the central banking system are held in the world currency reserve, i.e. in USDollar denominated treasury bonds. Therefore, holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.

The global economy has become boged down in a “Monopoly-Game” system or a legalised Ponzi scheme that is based on debt and financial leverage.

EU To Reduce Dependence On US Dollar As Sanctions Hit Trade With Iran
Plans to reduce European Union dependence on the US dollar have been rumoured for a while now, as China’s alternative to the Petrodollar continues to gain strength. The EU is not signing up to the move by Russia, China and the other BRICS bloc nations to replace the dollar but are thinking involvement will improve the 27 member Union’s ability to run an independent foreign policy …

Europe Prepares To Join The Currency War

Things seemed to be going to plan for the European Unon’s single currecncy, The Euro, which was the biggest single step in the plan to merge member states into a single political entity. Tied to the German economic powerhouse the poorer nations could not manage their finances efficiently and soon became dependent on bailouts from the European Central Bank which were made with attached conditions suggested by Germany.

China Launches Reserve Currency
The Russians Are Coming
Russia, Ukraine and the Petrodollar
How Saddam may yet win the war
Europe Unglues
How Putin Can Win World War Three Without Firing A Shot
Petrodollar Alert: Putin Prepares To Announce ‘Holy Grail’ Gas Deal With China

Russia & China sign $10bn deal to ease ruble-yuan settlements

Why It Really All Comes Down To The Death Of The Petrodollar

China – UK dump the US dollar for bilateral trades

The Imperatives Behind The New cold War
The ‘new Cold War,’ against Russia, is something of a misnomer, because it differs from the original version, against the U.S.S.R., in that it’s already a hot war, which started in Ukraine as being the key proxy-state for the American Government’s chief foreign-policy aim, of defeating Russia.

The world is dumping the American dollar
Fears for the future of the US dollar
Iran, oil and the US dollar
Obama and Kerry warmongering is about saving the dollar
Collapse of the petrodollar imminent
Obama goes head to head with Russia over the Petrodollar
India and Turkey latest sign – ups to dump the dollar club
Russia, Ukraine and the Petrodollar

One thought on “Currency war can end global US dollar dominance & those who own gold have power

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s