OTCPK:KRCLF - Post by User
Post by
MaterialsManon Jan 21, 2023 9:17am
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Post# 35237192
BRICS+ vs. the Petrodollar
BRICS+ vs. the PetrodollarAm posting this stuff here because KRR is my largest holding, and I feel it has the most appreciation potential of any producer. The KRR bullboard seems to have many intelligent followers, which makes this site a good one to keep people who follow the gold market informed. Published today, Jan 21st on the "321gold" site is an article by Pepe Escobar detailing the effort to replace the U.S. dollar with gold backed currencies. In one paragraph, he quotes N.Y. banking sources as saying that if the BRICS+ efforts come to fruition, "the U.S. dollar would be wiped out, since it is a valueless fiat currency......". It's a pretty long article so if you do not especially want to get caught up on this sort of material, you may want to pass.
I just hope that if the powers in the Western bloc, particularly the U.S. get concerned about the situation, the U.S. may repeat previous behavior by confiscating all of its citizens gold. Now that would be concerning.