The international monetary system collapsed in 1914, 1939 and 1971.
2008 tested the system but central banks delayed the inevitable with QE.
Now they are eating losses.
Facts:
- The Federal Reserve has roughly $1 trillion in paper losses due to its underwater securities.
- Commercial banks in the United States have unrealized losses of $517 billion.
Years of cheap money have created the distorted reality we see today.
A collapse often signifies the rebirth of a new system.
THE EUROPEAN CENTRAL BANK IS WARNING THAT THE WORLD RISKS A NEW GEOPOLITICAL DIVIDE AND URGED GOVERNMENTS TO RESPECT INTERNATIONAL TRADE RULES
The European Central Bank says that the euro's role as a reserve currency has declined in favour of the dollar and the yen.
Of course, the ECB does not mention Gold.
Gold has overtaken the euro in global international reserves.
Gold is coming for all paper currencies...
The west is starting to realize where all the commodities are produced...
So many signals represent we are getting closer:
- More trade in local currencies
- Gold being stockpiled
- CBDCs
- Hot conflicts around the world
- BRICs getting bigger - gol backed currencies to be its final currencies - ZIM & ZAG is showing the way - Zimbabwe's introduction of a new gold-backed currency is an important step.
- The Western financial fiat system is dying
Putin has described the US financial system as being based on (FIAT) trust, while Iran says that the primary goal for BRICS is to reform the Bretton Woods system
The European Central Bank says we are drifting towards a new geopolitical divide
This is what happens when the foundation shakes.
Gold hasn’t even really started eating these currencies yet
I have always said that the last battle will be:
Gold vs. The Dollar
Gold will kill the ! ! ! ! ! ?
GQC will win based on all the above - the rush to Gold, Silver and Base Metals is underway everywhere - GLTA