Source: thedailycoin.org
Russia's US dollar reserves have gone from $96.4 billion in March to $14.9 billion in May. They are building their gold reserves and now have surpassed China's gold stockpile. This can't be verified as China doesn't report their actual numbers.
There are many things converging this year to indicate that the BRICS are about to pull the plug. They have set up a viable financial exchange to rival the SWIFT system, they have made many trade agreements involving the 'one belt road', they have almost completed the pipeline to circumvent Ukraine and supply oil and LNG to European countries and they have built up their military to a comparable strength to the US's. Some say their weaponry is superior to the US's.
The US is infighting still hampered by the Russian collusion and the possible demise of the democratic party as it use to be. The party is showing signs of a huge change in the old guard leadership and the new guard seems bent on a socialistic platform. The republicans are not very vocal but their days also seem to be numbered. It almost seems that the US is on the verge of a civil war.
The metals have been severely hammered in the COMEX over the past three weeks for no apparent reason. The reason maybe due to something known to only the insiders like the central banks. The dollar is being kept strong but the fundamentals are indicating that it should be weakening against foreign currencies. The major buyers of the US notes are all backing away from buying the treasuries and in many cases they are lowering their holdings. The precious metal prices in foreign countries is rising, this makes sense as the precious metals prices move opposite to the strength of the country's currency.
For those who believe that TPTB have a policy of making their intentions known even if it is in a clandestine way that eludes most, the Economist magazine cover from an issue in 1988 that was predicting a new currency. Sure looks like this prediction was correct.
The way we Measure Value is all about to Change... We'll be able to buy back all that Gold with our New U.S. Trade Dollars and Crypto-Coinage...
You might be correct. Since value is based on people's opinion, it is possible that anything whether it be crypto or fiat could be used to refinance the debt. The only issue is getting the foreign countries to agree.
I appreciate your comment.
Foreign Countries don't have to agree... They will Gladly turn in the Old Money for the New Money... There "will be" no loss in Purchasing Power... There "will be" a Redemption Period, where the Old "will" co-exist with the New... It "will be" a very Smooth Transition, unlike what all the Financial Guru's are saying... Trust in the Plan...
Sorry, I think my statement was somewhat obtuse. What I meant was that the foreign countries would have to be agreeable to keeping or holding the 'new' currency. Currently, a majority of countries are ditching the treasury. By creating a new US money is not going to make any difference. It would appear that the US dollar as the world's reserve currency is close to ending. When that status is removed, the only reason a foreign country would hold US currency is for trading. Since the bulk of US manufacturing has been off shored, I would have serious doubts that the US has any products that a foreign country would want. Yes I am generalizing, there are some products that they may want but not enough to sustain the level of US dollars that are currently be held by foreign countries due to the traditional oil trade.
What you call the US Dollars are really Federal Reserve (Debt) Notes...
You need to do a Study on my Pocket Change Theory... It's a Game Changer... We'll be going from a Debt Based Monetary System, to a Debt Free Monetary System, that will be "owned and operated" by "We the People"... The United States of a Sovereign People...
Mea culpa, my faux pas. I honestly do know that US dollars are actually IOU's not to be termed a currency or cash. No excuse on my part, but about 99.9% of people consider them cash or currency. So kudos to you having the astuteness to understand that we have no actual currency. The fed notes are printed IOU's which the majority of the people don't comprehend that we are paying interest on these notes.
I appreciate your belief that the US will move from a debt based economy to a debt free based economy. The logistics of this are not favorable. The current debt is somewhere around $21 trillion. Here's a link that I'm sure you are aware of.
http://www.usdebtclock.org/
Not to be argumentative but how does one propose to pay off $21 trillion. As you well know, this amount does not include the amount due for the massive derivatives. It has been estimated that if one were to include derivatives and unfunded liabilities, the debt would be in the quadrillions.
I do have faith in the 'white hats' pulling this out but it is hard to comprehend how they will accomplish this feat.
I'm not even sure who the White Hats are, unless you're referring to the Good Guys... To pay off the 21 Trillion, we're going to "Remove and Replace" all Federal Reserve Notes... There will be a Redemption Period, to give everyone Around the World, an opportunity to turn them in, before they become Void of Legal Tender Status... As we "Remove and Replace" the Federal Reserve Notes, we will make them Void and return them to the Federal Reserve and take back our Bonds... It's all very simple... The United States will not "default" on any of their obligations... I have many Posts if you're still wondering how we're going to make this all possible...