Presidents Xi Jinping and Putin are making things happen as the G7 bickers in Canada, and the gold Xi just gave Vladimir is eye-popping…
We have been hammering over and over and over about the ongoing power shift from West to East, which also includes gold moving from West to East, which the West gladly ships over at artificially suppressed prices to support the U.S. dollar hegemony.
The greatest con in history.
What a shame.
But the power shift is on, and China and Russia are the new kids on the block.
Some examples of this transitioning world power and spheres of influence include the creation of Eastern institutions and programs such as:
- Belt and Road Initiative
- Shanghai Gold Exchange
- Asian Infrastructure Investment Bank
Now, before anything else, and without further ado, just check this out:
WATCH: Chinese President Xi Jinping awards his Russian counterpart Vladimir Putin China’s first-ever Friendship Medal, the highest state honor pic.twitter.com/s3dYEWT34M
— People’s Daily,China (@PDChina) June 8, 2018
Pretty cool huh?
So right now the G7 is meeting, and supposedly making some rules, or more like, imposing their wills on others in what is especially a hap-hazard way this year as the U.S. and Italy want Russia back in.
But look at G7 gold holdings (note – Canada doesn’t even have any gold, they sold it all in 2015 when gold was bottoming):
And now look at what China and Russia have been up to:
Is it any wonder why were supposed to be enemies of China and Russia?
Could it have anything to do with the fact that they could literally make the rules, and new ones, anytime they want to?
Because those are “official World Gold Council” gold holdings.
Can the data be trusted?
Does the U.S. have the gold we claim in Fort Knox?
Could China have more gold than stated?
Regardless, one thing is certain – we are nearing the end of the petro-dollar which culminates in the U.S. dollar collapse as all fiat currencies eventually reach their intrinsic values of zero.
We are no different than every other issuer of fiat currency before us, and the United States is not special in that regards nor immune from this certainty.
But don’t take Ol’ Half Dollar’s word for it – just listen to the Fed as they publicly state they their attempts to effect the U.S. Dollar collapse at a rate of 2% per year.
In fact, you’ll hear this many times next Wednesday, June 13th, 2018, at 2:00 p.m. EST when Jerome Powell gives his FOMC Meeting press conference.
And in the end, when the dust settles after the dollar bursts into a ball of flames, the people will do what they have always done for thousands of years.
The people will return to gold & silver.
This is no different than any other time in history, and even with the technological advances and breakthroughs, we always circle back to what is precious.
We always return to gold & silver.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.