European countries are aligning with Russia making some huge economic deals, Russia is the new "gate keeper" for the middle east.
Most of the world is either in the process or already had brought their gold reserves home from the central bank vaults.
The gold backed Petro Yuan has seized a significant part of the global oil trade market since its release, it was at 12% a couple weeks ago, no doubt higher now.
The US is 21.5 trillion in debt and has an economy valued at around 46 trillion, with an annual GDP of about 1.6% for the past decade. How much money does it take to annually maintain a 46 Trillion dollar economy? How much money does it take to maintain a 21.5 trillion dollar debt as interest rates rise?
Since the US is in the business of selling debt to pay its bills, owing the world and Federal Reserve about 1/2 of its economies total value, with rising interest rates it becomes difficult to find buyers of your debt. It becomes especially difficult when there are other options of commerce regarding international trade which are based on gold instead of debt.
Why do we pay the federal reserve interest on notes they print out of thin air which are backed by debt and not physical assets. We enslave ourselves to be part of a system, which works by us indebting ourselves to a private bank, we are in certitude to the banks board of directors, who mainly are not even citizens of any country nor are they held accountable by any legal process. They give us a system of debt in return for our freedom and wealth. We put in the work and they hold the paper. I think the rest of the world has figured this out and is going in another direction.
Edited by RICH G (05/24/18 09:07 PM)