RE:ES LIKES QHI believe the most interesting comment made by ES concerned multi-billionaire Hugo Salinas concerning the upcoming Basel 3 regulations (end of June for Europe) and unallocated gold trading by the Western exchanges. Apparently Price believes that the Bank of International Settlements (BIS) just caved under enormous pressure from Russian leader, Vladimir Putin, and China.
On April 6, 2021, the website “Russia Today” made an announcement: “
Putin poised to set out vision for future in dramatic speech, in what allies say will be the ‘world’s most important political event”.
The chairwoman of the Russian Senate, Valentina Matvienko, told reporters on Tuesday that the speech would set out answers to a number of challenges facing the world.
“This will be a message for a new age,” she said. “But at the same time, as always, current issues will be addressed, focuses will be defined and direct instructions will be given.” Matvienko added that “in the current difficult environment facing the world, which comes with many obstacles for countries including Russia,” the address would become “the most important political and public event.”
Putin is due to speak to the national parliament, encompassing both the Senate and its lower house, the State Duma, on April 21. Kremlin spokesman Dmitry Peskov revealed on Monday that the annual message would be delivered in person, amid a relaxing of social distancing rules governing workplaces across the country. “The rest of the details are being worked out,” he added. At a meeting of the World Economic Forum in January, Putin warned that the coronavirus pandemic was driving countries to borrow beyond their means and driving up inequality. Increasing the debt burden, he said, was an outdated way of stimulating growth. “If 20 or 30 years ago the problem could be solved by means of stimulating macro-economic policy, today these mechanisms have reached their limits,” the president said.
“Over the past 30 years, real incomes of people living in most of the developed countries have stagnated while the cost of education and health services has increased. Millions of people, even in rich countries, no longer see the prospect of boosting their incomes,” Putin added.
https://kingworldnews.com/multi-billionaire-hugo-salinas-price-gold-is-back-as-bis-caves-under-pressure-from-russia-and-china/ https://static.dw.com/image/36810356_303.jpg 
However, it turned out that Putin
DID NOT set out any vision for the future, in any dramatic speech, and “The world’s most important political event” did not take place. So, did someone blink ?
According to Price,
…. there is only one explanation for this odd situation: Putin was threatening to restore gold backing for the Russian Ruble and for the Chinese Yuan, and this scared the living daylight out of the BIS, the Bank for International Settlements of Basel, Switzerland, which caved in to the pressure from Russia and its ally, China.
As a result of Putin’s threat, this May the BIS advised that it was implementing new rules to govern international banks, regarding the presentation of amounts of gold which they hold, which are no longer to include “unallocated gold”.
It has been the operations with “unallocated gold” i.e. “mythical gold” which have allowed the most important banks of Britain and the US to control and suppress a market price for gold. Under the new rules which are to be presented in full on June 28 of this year, the price of gold will no longer be subject to manipulation on the part of the US and the UK, because the most important banks of these countries will no longer be able to count on “unallocated” – i.e. non-existent gold – for their collusion regarding price control of the metal.
Russia and its ally, China, have thus cancelled the power of the US and UK to keep the price of gold in a “deep freeze” for so many years. Nobody knows how high the price of gold will be after June 28, but the higher it goes, the lower goes the international value of the Dollar, and of other national currencies that are linked to the Dollar, through the concentration of their Reserves in Dollars.
The enormous US imports of Chinese goods will have to fall to a trickle. And that reduction – the result of a return to economic reality – will decimate the standard of living of Americans.
The real function of the EIS for decades has been to protect the current financial order. The Central Bank for all Central Banks.
Basically, the EIS is there to protect the US dollar as the Reserve Currency and Western financial order. The EIS would never implement a new regulation that would harm the current Banking system and their grand larceny activities on the gold futures exchanges. If anything, I would think the EIS would let it continue indefinitely if it had its way, and the champagne would flow forever.
However, if Price is correct in his theory, the Putin announcement would have incinerated the $US literally overnight as the official Reserve Currency. So, the EIS may not have the ability to have its way. In fact, there may be a Golden Kalashnikov rifle pointed right at the head of the Western Financial order and the $US.
https://www.wired.com/images_blogs/photos/uncategorized/2007/10/30/ak47.jpg 
Once again, maybe these Western Bullion traders are working on covering their last big gold short. Not because they have been stricken by a feeling of remorse or ethical conduct. Maybe it’s more just a logical response to avoiding a bullet to the head.
Tx