Will They Peg the Dollar to Gold? Why This Matters and What This Means to You | by Lynette Zang
10-14-2022
Everyone wants to feel secure, they want to know what’s going to happen day after day so they can save for the future and build a life. It should be apparent to everybody right now that things are more uncertain than they’ve ever been.
The IMF and Jamie Dimon over at Chase are warning us of an imminent recession. But what happens when the Federal Reserve pivots like the Bank of England pivots? Why would they? Well, that’s what we’re going to talk about today, the de-pegging of the world, and it’s a very dangerous place, coming up.
Chapters:
0:00 Crisis is Brewing
1:47 What Does Pegging Mean?
4:08 USD Currency Lifecycle
10:44 Swiss Central Bank Surprise
12:53 Treasuries Liquidity Problem
14:37 World Currency Reserves Shrink
16:43 Major Fixed Currencies
18:57 Buyers in Treasuries Bailing at Once
22:06 H.R. 9157 “Gold Standard Restoration Act”
https://www.youtube.com/watch?v=exjnAxpzaSg
