Gold Telegraph
@GoldTelegraph
Scott Bessent is going to be the next United States Treasury Secretary.
He has described central banking since the 2008 financial crisis as a failure, arguing that central bankers have effectively become central planners.
Yes, change is coming.
According to a Federal Reserve survey, the United States government debt load is now considered the biggest financial stability risk. The Fed enables the debt. We have now come full circle.
After years of manipulating interest rates and binge-buying sovereign debt, Central banks are now sweating over the monster they have created. Irony is always the best teacher. Enjoy the ride.
Gold embodies ultimate self-sovereignty, untethered from the business cycle. The financial system bends to serve the few, not the many. Those urging you to sell gold for something else serve themselves, not you.
Ask: Who controls your currency? What are they doing?
The U.S. Treasury values the nation’s gold reserves at a fixed statutory price of roughly $42 per ounce.
Today’s Gold Price in USD terms? $2715
The government knows what it has done to your purchasing power. Do you?
Something that many missed this past week:
The United States Treasury is warning about potential risks to international financial stability and economic security from NEW cross-border payments systems.
Here comes BRICS.
The majority have stopped laughing at this economic bloc.
