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.