Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold. Here’s another chapter in The Trust Game, relating the hidden history of the Federal Reserve, from Truthstream Media.
Tag Archives: dollar reserve
Biden Russia Plan Backfiring
Bumbling Joe Biden is failing again in his brash attempt to use sanctions to cancel out Russia. Instead, it’s beginning to look as if the plan will backfire and blow up in Biden’s face, quite possibly toppling the West instead. More from Steve Turley.
Gold is King
When the dollar became the world currency after World War II, the United States was the world’s richest creditor nation. We had massive trade surpluses and we were the leader in manufactured goods. The dollar was not only backed by gold, but also convertible into gold. Then, says financial commentator and economist Peter Schiff, we exploited the situation and began spending like drunken sailors. With growing concerns over the stability of the dollar, other nations began converting dollar reserves into gold, forcing President Nixon to delink the dollar from gold to the floating exchange rates that exist today.
Fast forward to today and reckless spending has amassed a record deficit exceeding $20 trillion, a scenario that doesn’t bode well for the dollar. “We are going to go back on the gold standard eventually,” Schiff says. “It’s not going to be our decision, but the market’s decision.” He tells us why in this virtual interview with Patrick Bet-David on Valuetainment.
