Gold Telegraph
@GoldTelegraph
Canadian Finance Minister Chrystia Freeland resigns.
Canada should own some gold.
In the past three days in Canada:
– Housing Minister
– Finance Minister
Have resigned from their positions in the government.
Wild…
BREAKING NEWS: INDIA’S GOLD IMPORTS HIT A RECORD $14.8 BILLION IN NOVEMBER, DOUBLING OCTOBER’S $7.13 BILLION
India is stockpiling.
“Gold imports in November touch record high of $14.8 bln…”
https://www.reuters.com/world/india/indias-november-merchandise-trade-deficit-3784-bln-2024-12-16/
Canada is in shock. Just wait until more people learn about its gold holdings and the lack of investment domestically from its pension funds. Hold on…
BREAKING NEWS: CANADIAN PRIME MINISTER JUSTIN TRUDEAU IS CONSIDERING HIS OPTIONS AS LEADER
Oh, Canada.
“In an explosive resignation letter published Monday morning, Freeland ignited a storm of confusion and speculation…”
CANADA. NDP leader Jagmeet Singh, calls on Justin Trudeau to resign. Conservative leader Pierre Poilievre DEMANDS e******n. Here we go…
Gold is a hedge against stupidity. I have said this for years. I finally get to say the punchline: Canada owns ZERO. This says it all.
BREAKING NEWS: THE CANADIAN FEDERAL DEFICIT BALLOONS TO $61.9 BILLION
More debt.
“The document does not include the government’s promise to send $250 cheques to working Canadians…”
https://www.cbc.ca/news/politics/fall-economic-update-freeland-trudeau-1.7411825
Canadian Business Icon Pierre Lassonde Sounds the Alarm:
Canada is falling behind in the global critical metals race.
Pierre asserts that Canada has vast reserves of critical metals and immense untapped potential as the second-largest landmass on Earth.
However, he criticizes the government for allowing major mining companies, such as Inco, Falconbridge, + more, to be sold over the past 25 years, leading to a significant loss of research, development, and expertise.
He calls this a “crying shame,” emphasizing that these companies should have remained Canadian to support the country’s critical metals industry.
Mr. Lassonde was inducted into the Canadian Business Hall of Fame Class of 2025.
Canadian Business Icon Pierre Lassonde Sounds the Alarm:
Canada is falling behind in the global critical metals race.
Pierre asserts that Canada has vast reserves of critical metals and immense untapped potential as the second-largest landmass on Earth.
However, he… pic.twitter.com/PmxDok7Tau
— Gold Telegraph ⚡ (@GoldTelegraph_) December 16, 2024
The U.S. Treasury spent $882 billion on net interest payments:
For the first time EVER, this amount exceeded what the Defense Department spent on its military programs.
The incoming Treasury Secretary sees a coming:
“Global Economic Reordering” Those who have the gold…
Jeff Gundlach is warning that by 2034, debt servicing could consume 45% of tax revenue That is a mind-blowing statistic The United States needs to restore its monetary integrity Is the U.S. considering leveraging gold for a Treasury instrument?
Read:
IS THE UNITED STATES CONSIDERING A GOLD-BACKED TREASURY INSTRUMENT? 🇺🇸
Some interesting coincidences…
“We are going to have to have some kind of a grand global economic reordering.”
Scott Bessent, the incoming Treasury Secretary, is stepping into the spotlight to manage the… pic.twitter.com/LUFphhhRfb
— Gold Telegraph ⚡ (@GoldTelegraph_) November 25, 2024
Paul Volcker, who served as Undersecretary of the Treasury in 1971 and later as Federal Reserve Chair, always believed the United States would eventually return to gold convertibility for foreign trading partners. The suspension was supposed to be temporary.
