Putin Adviser Warns U.S. “Crash” Of U.S. Financial System Tuesday, March 4, 2014 4:31 March 4, 2014 AM fix was USD 1,339.50, EUR 973.90 and GBP 802.87 per ounce. March 3, 2014 AM fix was USD 1,344.25, EUR 975.58 and GBP 803.50 per ounce. Gold climbed $26.80 or 2.02% to $1,351.40/oz. Silver rose $0.26 or 1.23% at $21.43/oz. (NOTE: under the Bretton Woods System gold was at a stable rate of $35/ Troy oz and tagged to the US$... Nixon ended the Bretton Woods System which stabilized international trade in 1971... the World Bank has illegally sold $180 billion worth of gold that it does NOT have... a run on gold... a demand to trade internationally in gold would completely crash the US as we know it... total chaos...) (NOTE: 1944 US Gold reserve $20 billion Troy tonnes... $1972 US Gold reserve $10 billion Troy tonnes...) Monday, March 3, 2014 US President Barack Obama said the US plans to impose penalties on Russia unless it withdraws its military forces... Tuesday, March 4, 2014 Russia reportedly called troops on military exercises back to their bases. Sergei Glazyev, Putin senior adviser said US sanctions on Russia over Ukraine which may include US freezing Russian business/ individual accounts might force Moscow to: 1. reduce US economic dependency to zero... 2. drop the dollar as a reserve currency... 3. stop using dollars for international transactions... 4. create payment/ trade/ economic systems with BRICS partners in the East and South... 5. recommend all US treasury bond holders sell their US government debt... 6. have Russian firms/ banks refuse to repay US bank loans... 2. crash US financial system... 3. end US domination of global financial system... 2. emerge from those sanctions with great benefits for ourselves... Glasyev comments were likely sanctioned by the Kremlin and by Putin himself... they appear to be a warning to the U.S. regarding isolating Russia politically and imposing economic sanctions... BRICS... Brazil/ Russia/ India/ China/ South Africa and doing exchange trading among themselves and gold settling the difference... they are no longer using the US dollar in trade among themselves... by their trade arrangement the BRICS are virtually using gold standard among themselves to stabilize their financial position... China has threatened the US that it will demand US/ China trade be only in gold if the US interferes in the Ukraine... gold ceased being the standard in 1971... we have internationally floating currencies... non regulated Federal Reserve system... it is issuing currency beyond commodity backing... this is hyperinflation... the Ukraine situation is potentially the greatest geopolitical risk since the end of the Cold War... politicians/ economists are warning that the American financial system would face a “crash” that would make 2008 look like nothing happened... As newswires reported these comments from Putin’s senior aide, the United States Dollar (USD) Index fell to session lows and broke below 80.00.... If diplomacy does not prevail, then trade and currency wars will ensue with attendant consequences for the already vulnerable financial system and global economy. Gold Storage gold has strong fundamentals... with robust global demand... especially from China... gold remains prudent as protection for a financial crash... BUT only if the gold owned is physical bullion coins and bars... do not buy digital gold, pooled gold or paper gold because the World bank has already sold $180 billion worth of gold that it does not have... a run on gold would leave you holding a law suit but no gold... distributed gold coin and bar remains the safest way to own gold.
Posted on: Tue, 11 Mar 2014 03:01:35 +0000
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