Gold Telegraph
@GoldTelegraph
BRICS nations are beginning to explore establishing widespread commodity trading centers. This is a significant step in shielding their economies from the impact of sanctions.
I don’t think the Western world understands the magnitude of these plans. All roads lead…
BREAKING NEWS
S&P GLOBAL RATINGS IS WARNING COUNTRIES ARE LIKELY TO DEFAULT MORE FREQUENTLY ON THEIR FOREIGN CURRENCY DEBT IN THE COMING DECADE
In other words, a global debt crisis.
“Sovereigns’ credit ratings overall have also weakened globally in the past decade…”
Global government debt will surpass $100 trillion by the end of the year. $100 trillion.
This is why monetary resets do happen. We will see numerous sovereign defaults in the years ahead.
Deficit spending does not create long-term prosperity; it provides a temporary fix that, if sustained, can lead a country down a path toward bankruptcy.
Greece, Argentina, Zimbabwe, and Venezuela are a few recent examples. Many governments continue to spend endlessly.
BREAKING NEWS
TETHER LOOKING TO DIVERSIFY INTO COMMODITIES TRADING
The movie is getting strange.
“Tether, which does not provide audited financial results, says it has the capital required to participate…”
There has always been a direct link between debt, power and inequality. Monetary policy shapes our system, and mismanagement inevitably leads to geopolitical tensions and internal polarization. This is where we are now.
Yet, the majority pay zero attention to central banks.
When a country forces others to use its reserve currency under threat of economic punishment, it shows deep internal fears about the currency’s future power.
It’s not rocket science. This is our current reality, and it’s one of many reasons why #gold is shining.
Tomorrow, I’m dropping an article exposing 15-year-old parallels to today’s transformation of the monetary system. It highlights past calls for a multi-reserve currency featuring gold, aiming for the creation of a “super currency.”
